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