Here Comes the Internet of Money

IT.com

CyberKing

Domain Investor
Country flag
Paul Volcker, the acclaimed former chairman of the Federal Reserve, famously questioned the value of financial innovation. He said he saw the point of the automated teller machine ("more of a mechanical innovation than a financial one"), but that was about it. Financial innovation was an unproductive competition for excess profit and a cause of instability.
If Volcker is right, we'll soon have another problem on our hands, because a new wave of financial innovation is forming. This one could sweep over traditional banking, traditional payments systems, even the traditional idea of money. You think exotic asset-backed securities were a big deal? That was nothing.

Here Comes the Internet of Money - Bloomberg View
 

whois



Forums dedicated to Indian domain names, including buying, selling, appraising, developing, and monetizing.

About Us

Threads
29,388
Messages
76,792
Members
7,945
Latest member
nilamburfurniture
Top Bottom