SWIFT Institute Researchers: Bitcoin Doesn’t Pose Threat to Fiat Ecosystem
A group of researchers from SWIFT institute have published a paper on the influence of Bitcoin and other digital currencies on fiat ecosystem. Is Bitcoin a threat to the traditional monetary system and financial institutions? A group of SWIFT Institute researchers refuse to believe so. A working paper titled “Virtual Currencies: Media of exchange or speculative asset?” published by Dirk G Baur, Kihoon Hong and Adrian D Lee analyzes the dynamic relationship between both the currencies. In the report, they present a theoretical model used to gauge the potential impact of Bitcoin and other....
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A new report from the SWIFT Institute has found that fiat currencies are more likely to crowd out digital currencies such as bitcoin. The paper, Virtual Currencies: Media of Exchange or Speculative Asset? [PDF] analyses the dynamic relationship between virtual currencies, such as bitcoin, and fiat currencies. The research looked at whether or not the design and the size of virtual currencies could pose an immediate risk to monetary, financial or economic stability. The paper found that fiat currencies are more likely to crowd out virtual currencies and that the design and size of virtual....
The SWIFT Institute is offering research teams €15,000 to investigate how bitcoin's underlying distributed ledger technology could impact the global securities ecosystem. The institute is a financial services research group backed by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which provides a network for global financial institutions to send and receive information about financial transactions. The grant follows the SWIFT Institute's call for information on the risks associated with bitcoin as a digital currency in 2014 and comes amid a broader shift in....
The Swift Institute has announced a €15,000 reward for the researcher who brings the best proposal on the blockchain technology’s use in securities markets. The announcement came in a document, titled “Call for Proposals”, where the institute asked researchers to provide their thesis on blockchain’s practical applicability in enterprise-level financial needs. It first recognized the technology for being popular enough to be experimented by financial institutions like Nasdaq, UBS and NYSE; but overall remained suspicious on its ability to handle higher transactions at a particular point of....
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