Why you Should Care about Bitcoin – Even if you don´t Believe in it

29 Pages Posted: 28 Feb 2011 Last revised: 24 Apr 2014

Ignacio Mas

Tufts University

Date Written: April 10, 2014

Abstract

Bitcoin is likely doomed as an alternative to national currencies, but its key engineering elements offer us the possibility of imagining a radically different approach for architecting electronic payment systems. The technologies embedded within bitcoin have the potential for supporting the development of more open, contestable and interconnected ecosystems for the delivery of payment and financial services, much like the internet did for the delivery of communication and content services. By lowering costs and encouraging innovation, the adoption of bitcoin-like protocols could radically expand access and relevance of financial services globally, especially across borders and in developing countries.

Keywords: savings, access to finance, financial inclusion

Suggested Citation

Mas, Ignacio, Why you Should Care about Bitcoin – Even if you don´t Believe in it (April 10, 2014). Available at SSRN: https://ssrn.com/abstract=1769124 or http://dx.doi.org/10.2139/ssrn.1769124

Ignacio Mas (Contact Author)

Tufts University ( email )

Medford, MA 02155
United States

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