Federal Reserve Bank VP: We’re a Procedure Simply Like Bitcoin

David AndolfattoSt Louis Fed VP and research director David Andolfatto is uncommon among Federal Reserve officials in his interest in bitcoin and digital currency. However, while he could see the technology’s broad view, why he believes bitcoin is possibly transformative doesn’t exactly fall in line with the common mantras of the neighborhood.

Take, for example, the claim that bitcoin is part of a long-lasting trend toward “digital money”, one Andolfatto enjoys unmasking.

Today, essentially all cash used by the personal banking sector, and all the cash in contemporary economies, he asserts, is digital.Continue reading at CoinDesk CoinDesk

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