Fahad Saleh
@cryptoeconprof
Emerson/Merrill Lynch Professor @UF. Advisor @CUSEAS CDFT. FinTech Fellow @CornellMBA. Co-Organizer for CBER Forum. PhD @NYUStern MSc @Columbia BSc @CornellEng.
195 Following 1.1K Followers
Permissionless blockchains enable frictionless barter. Specifically, if you can swap your preferred asset positions into whatever unit of account a merchant accepts (e.g., through a DEX) at the point of purchase, then you don't need to hold cash for payments. Economically, this means that blockchains relax the cash-in-advance constraint in monetary economic models.
Show more
