Dyson School professor Eswar Prasad is a leading authority on digital currency; he’s regularly cited in international media, from Forbes to CNN to the New York Times.
Cornellians asked Prasad for a primer on this brave new economic world—including the putative end of cash, the movement toward digital payments, and the rise of cryptocurrencies like Bitcoin.
"It might seem like a fad—one in the far realms of finance that has no implications for the common man or woman. But the reality is that the digital transformation that is typified by cryptocurrencies is setting off a revolution in the world of finance. It is ultimately going to affect our relationship with money and how we conduct basic banking and financial transactions."