Downsides of The Sharing Economy
You’ve probably heard about the disruption happening in the retail, transport, and hospitality, among other industries. It goes by various names, including collaborative consumption, access over ownership, on-demand or peer-to-peer economy, and more commonly, the...
The Good, the Bad, and the Ugly Side of P2P Crypto Exchanges
The volume traded on peer-to-peer (P2P) exchanges is growing, especially in countries with restrictive laws or where regulators have advised financial institutions against facilitating crypto trading. According to a 2021 report by the blockchain research firm...
How Lightning Network Will Turn Bitcoin Into Money?
Bitcoin has continued to experience growth over time, but there is little doubt that it lacks the inherent capacity that can allow it to compete with centralized payment systems like Visa. While Bitcoin’s layer one infrastructure capacity processes about seven...
NFT Copyright on Blockchain, Explained
Blockchain and its applications present legal challenges that have never been experienced. Indeed, before 2009, it was inconceivable in the mainstream consciousness that a private citizen could even imagine launching a digital currency without applying and getting...
The Difference Between Cryptocurrencies and Digital Currencies
The terms digital currencies and cryptocurrencies are often used interchangeably. This creates the impression that they are synonyms (have the same meaning). However, they are neither synonyms nor antonyms (have the opposite meaning). The Internal Revenue Service...
Are NFTs Bad for the Environment?
I recently had a conversation with an aspiring artist about the possibility of him uploading his digital drawings onto the blockchain as non-fungible tokens (NFTs). I learned about him through the beautiful work he shared on his social media accounts. I thought he...
Payment Cards As Link to Metaverse
The global financial ecosystem is undergoing a major shift. In particular, the use of physical cash has declined significantly. And it is all thanks to digital innovations. Many countries today can boast of being cashless. Only 20% of payments in the UK are made using...