The Federal Reserve Bank of New York has published an interview on their site on Fridays February 9, in which two of his economists explain cryptocurrency. crypto "without trust", but expressing doubt that cryptocurrency could ever " compete with current payment methods ."

Michael Lee and Antoine Martin, both research economists and Fed statistics The group, in turn, answered questions on the basic concepts of cryptocurrency and financial confidence

On the notion that virtual currencies are " supported by nothing real "

"You are right to say that they [virtual currencies] ] are not guaranteed by any physical good, but the dollar and most other modern currencies are not. "

Lee added this confidence in a given currency is what gives it value in a payment environment and makes it a "means of exchange acceptable ". In the case of cryptocurrency, this trust is not provided by a government or a given institution, but by the Blockchain technology itself.

Is Crypto the "future of money"

? If crypto-currencies will ever become the "future of money," Martin expressed doubts, stating that the crypto-currency problem solved can not really be solved, at least not in " advanced economies ":