Bitcoin a Fairer Financial System? – Bitcoints

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Published on April 19th, 2017 | by bitcoin

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Bitcoin a Fairer Financial System?

Simon Johnson, a professor at MIT’s Sloan School of Management, says some form of digital currency could fundamentally improve the financial system.
“How do you feel about the way that our existing financial system operates?” Johnson asked the audience at the Business of Blockchain conference, an event organized by MIT Technology Review.
In theory, a cryptocurrency such as Bitcoin might make the financial system more stable by providing a way to monitor and trace transactions.
“We have a financial system that’s built on the idea that financial transactions require these large institutions,” Ito said.
[Bitcoin] creates a much more level playing field, and hopefully it will reduce the complexity of the financial system.”

Source: News.google.com

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