Practical Applications of Useful Money and Cryptocurrencies

Abstract

<h3>Practical Applications Summary</h3> Cryptocurrencies’ attempts to replace the operations of traditional financial institutions has led to several fundamental questions about their plausibility, both as a type of money and as a payment system. In <b>Useful Money and Cryptocurrencies</b>, from the 2019 Cryptocurrency Special Issue of the <b><i>Journal of Investing</i></b>, authors <b>Jon Nicolaisen </b> and <b>Peder Østbye</b> (both of <b>Norges Bank </b> in Oslo, Norway) address whether cryptocurrencies can truly function as useful money; whether they can improve payment systems; what their risks are; and what regulation they may face. <b>TOPICS:</b>Currency, portfolio construction, wealth management