What Do Banks Do?

♪ [music] ♪ [Alex] Some people want to save and invest; others want to borrow. Sometimes these people — they interact directly — say, you borrow money from your parents. But typically, savers and borrowers — they don’t even know one another. So a variety of institutions act as bridges to link savers to borrowers….

Bitcoin, Ethereum, EOS: Is the Future of Finance Decentralized? | Crypto DeFiance 2019

Bitcoin, Ethereum, EOS: these are not simply cryptocurrencies. They are the foundation of decentralized finance. DeFi aims to revolutionize the traditional financial system by empowering the individual and bypassing centralized intermediaries. Although these are still the early days of DeFi, innovation is happening fast. What can we take that’s centralized, make it decentralized and see…

What Do Banks Do?

♪ [music] ♪ [Alex] Some people want to save and invest; others want to borrow. Sometimes these people — they interact directly — say, you borrow money from your parents. But typically, savers and borrowers — they don’t even know one another. So a variety of institutions act as bridges to link savers to borrowers….

Why do countries demonetise their currencies?

Why do countries demonetise their currencies?

Demonetisation is the process of discontinuing the value of current currency unit and instead introducing a new currency unit into circulation. Nigeria, Ghana, Pakistan, Zimbabwe, North Korea, Soviet union, Australia, India, Phillipines are some countries which have tried demonetisation earlier. The recent one being India. The government of India took an abrupt step of demonetising…

What Are The World’s Strongest Currencies?

What Are The World’s Strongest Currencies?

In December 2015, the International Monetary Fund welcomed the Chinese yuan into its elite club of global currencies. This means that the yuan, also called the renminbi, will join the US dollar, the Euro, the British pound and the Japanese yen as the world’s most reliable and freely usable denominations. So, What makes a strong…