F E D E R A L   R E S E R V E   B A N K   o f   N E W  Y O R K LIBERTY STREET ECONOMICS REPLAY   Is Bitcoin Really Frictionless?: A Replay from Liberty Street Economics   Advocates for bitcoin assert that the virtual currency can remove frictions—fees, time, and risk associated with transferring value—in payment and settlement systems. In a post from our Liberty Street Economics archive, the authors show that although bitcoin transfers are relatively frictionless, there are significant frictions when bitcoins trade in exchange markets.   READ MORE Check out other posts on cryptocurrencies Deciphering American's Views on Cryptocurrencies Token- or Account-Based? A Digital Currency Can Be Both

 

 

 

 

 

 

 

 

Stay Connected:  @NewYorkFed | @NYFedResearch  | Facebook | LinkedIn | YouTube Download our  Economic Research Tracker to your iPhone® or iPad® Unsubscribe | Got this from a friend? Subscribe.

---

This email was sent to franchmaverickk.secretwords123@blogger.com using GovDelivery Communications Cloud on behalf of the Federal Reserve Bank of New York