Credit Eco To Go

“Encrypting” Crypto

March 10, 2021 Season 2 Episode 8
Credit Eco To Go
“Encrypting” Crypto
Show Notes

The celebration of #womenshistorymonth2021 continues. Subject matter expert, Alma Angotti, joins the podcast and provides our Credit Eco to Go listeners with a much-needed education on cryptocurrency and blockchain technology.  Cryptocurrency is not a substitute for hard currency but the infrastructure behind it; blockchain technology has the power to disrupt traditional financial services. Blockchain technology is immutable, meaning it can’t be changed, so it is easier to trace. Think of a chip on your cell phone that provides your location. This technology coupled with cryptocurrency provides instantaneous value with little settlement risk, unlike traditional banking. However, the unknown of “crypto” is valuation. So before you buy that Tesla, it's best to know what your “coins” are worth. 

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