Electronic Money is already here.
FYI The National Australia Bank (NAB) has become the second Australian bank to build a stablecoin by launching AUDN on the Ethereum and Algorand blockchain.
National Australia Bank (NAB) has created a stablecoin called AUDN that will allow its business customers to settle transactions in real-time using Australian dollars on the Ethereum network in mid-year for transactions such as carbon credit trading and remittances.
You don’t need to put all your money into #bitcoin, only the money you don’t want to lose.
Banks won’t go out of business and their business won’t get destroyed. #Bitcoin has been here all along, ready to be the alternative people need in times of financial turmoil.
Jack Mallers
In 2008, bank portfolios were riddled with bad credit.
Same problem this time? Nope.
This time bank portfolios are riddled with long duration bonds like US Treasuries and Mortgage Backed Securities.
Wait… what?
We were told those were “risk-free”?
What’s the problem?