The concept of money is in itself complex. Why can a slip of paper in the form of a dollar bill, a euro, a yen, a pound or a rand be exchanged for tangible goods like bananas, books and bedsheets? In simple terms, we use money for buying what we need to use or consume on a regular basis.
What would currencies look like if we were to remove the central bank and build our units of exchange around a decentralised system? This is what cryptocurrencies offer.
In this unit, Hans Henrik Hoffmeyer, Co-Founder and COO of Coinify, will guide you through an exploration of decentralised currencies and how blockchain technology can be used in financial transactions. Coinify is a global virtual currency platform to buy, sell and accept virtual money.