RSF Spring Quarterly: Is Digital Money Transparent?
April 13, 2016
In the latest RSF Quarterly, we do a deep dive into digital money and the fast-growing fintech (short for financial technology) sector. Uphold’s Tim Parsa lays out a case for why blockchain technology may mean an end to banks. Jonny Price, senior director for Kiva Zip, critiques mainstream peer-to-peer lending for its lack of investor transparency, and advocates for a social approach to underwriting. Lorene, an entrepreneur who earned her fortune at CISCO, and Marian, an inheritor, discuss contrasting views of money at the Play BIG gathering. This issue is not all in the internet cloud though. Ten years ago, RSF invested in the printing of a complementary currency in Massachusetts’s Berkshires. Seven million dollars in transactions and dozens of phone calls from interested copycats later—Berkshares are still going strong.