06 Jun '16, 9pm

Bitcoin Transaction Initiated from Fed Offices, for the First Time | Caitlin Long

Bitcoin Transaction Initiated from Fed Offices, for the First Time | Caitlin Long

[This article is adapted from Caitlin Long’s blog ] Some remarkable things are happening in the bitcoin/blockchain space. It’s hard to believe that just seven years ago, this technology was first revealed on an email list followed by just a handful of junkies. Today it has grabbed the attention of the world’s largest financial institutions and central banks. Four of us blockchainers actually visited Janet Yellen in her office. And why? It’s clear this innovation is not going away. It’s simply a better method for exchanging value globally. It is a technology that will influence—if not define—the future of payments and money. It is already disrupting the status quo in more ways than even the best experts can track, especially in emerging markets. On June 1, 2016, I attended a Federal Reserve fintech (financial technology) conference for central bankers. One hundred global ce...

Full article: https://fee.org/articles/bitcoin-transaction-initiated-fr...

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