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To be honest, for personal use they aren't too useful due to their volatility. However, systems like Ripple and Ethereum could have potentially very big impacts
by ardivekar 9y ago
To be honest, for personal use they aren't too useful due to their volatility. However, systems like Ripple and Ethereum could have potentially very big impacts for banks and businesses. They replace a cumbersome lower layer for which settlement time is usually on the order of days
- bluesteel44 9y agoIt is much easier and cheaper to set up a centralised fast settlement solution, so called RTGSS. Singapore had one for years, EMU getting one this autumn AFAIK.