New York lawmakers say payments should be a public infrastructure, and blockchain could lay the foundation
October 24, 2019, 6:35PM EDT · 5 min read
- New York lawmakers are introducing a proposal for an Integrated Value Ledger (IVL), which would use blockchain for a public payment system
- They say this would generate more wealth in local communities by eliminating extractive middle-men, like check cashing services
- It also opens the door to thinking about compensation for the care economy
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