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Will crypto replace the dollar?

Asked 7 hours ago

Answer

Crypto is seen as a new paradigm for moving money, offering faster and less expensive alternatives to traditional systems, but experts suggest it will have only a minor impact on banks in developed markets like the U.S. In less trustworthy banking systems, crypto may serve as a more attractive alternative. There is no clear consensus that crypto will fully replace the dollar.

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CNBC

Crypto is new paradigm for how money is moved, says Ben Lerer

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  • Ben Lerer highlights increased early-stage investment and renewed founder interest in crypto. 14s
  • He describes crypto as a new paradigm for moving money, potentially replacing legacy systems like SWIFT. 1m 3s
  • Recent legislation is expected to bring major banks and fintech closer to the crypto sector. 1m 57s
  • Lerer Hippeau has launched a $200 million fund focused on early-stage startups. 2m 39s
  • Lerer emphasizes the importance of innovation in fintech, crypto, and AI for future growth. 3m 25s
Crypto

References

Crypto is new paradigm for how money is moved, says Ben Lerer
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CNBC
10 hours ago
Crypto is new paradigm for how money is moved, says Ben Lerer

Crypto is described as a new paradigm for how money is moved, potentially replacing traditional systems like SWIFT over time.

Why Stablecoin legislation may put cost pressure on payments system
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CNBC
3 days ago
Why Stablecoin legislation may put cost pressure on payments system

You won't necessarily need a bank account if you have digital dollars, suggesting new ways of moving money, but it will have only a minor impact on U.S. banks.

Why Stablecoin legislation may put cost pressure on payments system
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CNBC
3 days ago
Why Stablecoin legislation may put cost pressure on payments system

In countries with less trustworthy banking systems, consumers may prefer crypto alternatives, but in developed markets, the impact is minor.

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