Counterparty risk

Public trust: the role of the private sector in exploring digital currency

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Public trust: the role of the private sector in exploring digital currency

“Modern money is backed by a series of institutions, mostly housed in central banks. Its value rests on confidence. The value of money requires not just the belief of the public at a point in time but, critically, the consent of the public at all times … When it comes to money, the consent and … Read more

On-chain FX’s brave new world excites some, worries others

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On-chain FX’s brave new world excites some, worries others

Imagine a world where a party could buy or sell currencies at the market rate, and get their hands on the cash in close to real time without having wait for the trade to settle two days later. Settlement and counterparty risk would be close to zero and funding costs would be slashed. Fewer intermediaries … Read more