What is crypto?

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Close up photo of bitcoin crypto currency in dark

Crypto is a confusing and ever-changing topic, this article brings clarity to what it is and how it works.

Within the last few years, crypto has risen in popularity and is becoming more mainstream. Like any investment, it’s important to be informed about what it is and how it works. However with crypto specifically I feel as though there’s a lot of uncertainty in what it is. There also appear to be a lot of crypto scams out there. I feel like every month I see a new headline about the latest crypto scam. However, there has been a lot of success in the crypto world. What can financial institutions do to take advantage of this success? Is there a way to help educate account holders in crypto so they are less likely to fall into scams? How can banks help protect against these possible scams? What lessons can be learned from crypto investment that carry over into regular investing?

Rosen, Andy. “Cryptocurrency Basics: Pros, Cons and How It Works.” NerdWallet, www.nerdwallet.com/article/investing/cryptocurrency. Accessed 11 Sept. 2024.