‘Brave New Finance World’
Who is in control of actual currency transfers at Bitcoin, and what exactly is Bitcoin Mining? The talk by who must be Bremen’s currently most prominent finance scientist could also have been called ‘Cryptocurrencies for dummies.’ Professor Hornuf explained everything patiently and showed the potentials of the new complementary currency Libra, which may possibly be introduced by Facebook. The many migrant workers from emerging countries, who already now wire approximately 700 billion (!) dollars each year to their home countries, are the target group. In Sweden, where the most cashless payments are made, the government announced their plan of trying out a national cryptocurrency. Conclusion: Cryptocurrencies are no hype but will play an important role in payment transactions in the future.