Bell Ringers

Bell Ringer: The Difference between Cryptocurrency and Electronic Payment Methods

The Difference between Cryptocurrency and Banking Apps

The Difference between Cryptocurrency and Banking Apps

Description

Peter Van Valkenburgh, research director at the crypto policy think tank Coin Center, talked about the differences between cryptocurrencies like Bitcoin and traditional electronic payment methods and apps like Apple Pay and Venmo.

Bell Ringer Assignment

  • What are limitations with using banking apps and electronic payment methods like Apple Pay?
  • How does cryptocurrency differ from these electronic payment methods?
  • How have totalitarian governments used banking systems to suppress dissent?
  • What are challenges to using cryptocurrency?
  • What are the advantages and disadvantages in using cryptocurrency?

Additional Resources

Participants

    Vocabulary

    • Apple Pay
    • Bitcoin
    • Cryptocurrency
    • Cryptography
    • Currency
    • Electronic Payment Methods
    • Exchange Rate
    • Fiat
    • Peer-to-peer Networks
    • Venmo

    Topics

    Economics & Financial LiteracyScience & Technology

    Grades

    High SchoolUniversity