Advent of the crypto bank: A conversation with Life.Sreda's Slava Solodkiy
The rise of cryptocurrency, obviously, has become a springboard for the advent of the crypto bank. Like its predecessor before it, currency - a system of money (monetary units) in common use – needed banks.
Cryptocurrencies are digital assets designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Now with these cryptocurrencies very much in circulation in different parts of the globe, what exactly is a crypto bank and where does it come in? How will this new global trend, once again, have an effect on the financial industry?
Join us as we discuss the coming of a crypto bank; if it will be an effective medium for cryptocurrencies; and what the future holds for these digital currencies.
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