The ‘Holy Grail’ of Cryptocurrency Looks Like the Banks We Already Know and Hate

Cryptocurrencies came into being with an anti-bank fervor that still runs hot in the technology community. Libertarians see Bitcoin and the rest as an alternative to fiat money controlled by financial institutions and the government. But the quest to create a cryptocurrency with a stable $1 value—a so-called “stable coin”—has startups acting like banks.

Source: vice.com