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Cryptocurrency is still kind of niche and a little confusing. The fact that it’s so beloved by eccentric tech billionaires doesn’t make it seem totally normal. But despite being developed as a decentralized alternative to government-created currencies, cryptocurrency is getting increasingly legit. The cryptocurrency exchange Coinbase is going public Wednesday on the Nasdaq. PayPal is now allowing users to pay merchants with cryptocurrency. Visa will accept one type for payments. You can now use crypto to buy a Tesla or to send money on Signal. Molly Wood speaks with Gil Luria, the director of research at D.A. Davidson, who says even though cryptocurrency is a purely digital invented asset, it’s as real as it needs to be right now.
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Cryptocurrency is still kind of niche and a little confusing. The fact that it’s so beloved by eccentric tech billionaires doesn’t make it seem totally normal. But despite being developed as a decentralized alternative to government-created currencies, cryptocurrency is getting increasingly legit. The cryptocurrency exchange Coinbase is going public Wednesday on the Nasdaq. PayPal is now allowing users to pay merchants with cryptocurrency. Visa will accept one type for payments. You can now use crypto to buy a Tesla or to send money on Signal. Molly Wood speaks with Gil Luria, the director of research at D.A. Davidson, who says even though cryptocurrency is a purely digital invented asset, it’s as real as it needs to be right now.

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