From the course: The New Age of Risk Management Strategy for Business
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Cryptocurrency
From the course: The New Age of Risk Management Strategy for Business
Cryptocurrency
- I remember being a kid and thinking how great it was to have coins in my pocket. These quarters, dimes, nickels, and pennies meant I could go downtown and purchase hamburgers, toys, and baseball cards. As I got older, the more attractive spending money was currency, bills of any denomination would do. As I grew even older, that currency morphed into checking accounts and credit cards. Today, I often use my mobile device to pay for groceries, gas, and coffee. Who'd have thought it? What's becoming a growing topic in the world of finance and money is cryptocurrency. Cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.…
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