“You wouldn’t need stablecoins; you wouldn’t need cryptocurrencies, if you had a digital U.S. currency,” Powell said. “I think that’s one of the stronger arguments in its favor.”
“You see how high [inflation] is and you learn you can’t save yourself through wealth,” Barkley said on the show. “That’s why I am going to be taking my marketing money in bitcoin.”
Blockchain refers to a decentralized, digital ledger, which can be used to record data and transactions. One of its primary uses is the storage and management of digital currencies, such as bitcoin and ethereum — forms of virtual cash operated independently of state governments.
Visa said Wednesday that more than $1 billion worth of cryptocurrency was spent by consumers globally on goods and services through their crypto-linked cards in the first six months of the year.
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