Scenarios about 'financial innovation'
Financial innovation refers to the development of new financial products, services, and technologies that transform how money is managed, transferred, and invested. Throughout history, innovations like paper currency, joint-stock companies, insurance contracts, and digital payment systems have revolutionized economic systems and expanded access to capital. These advancements often create new opportunities for economic growth while simultaneously introducing novel risks that can contribute to financial instability or crises in alternate historical scenarios.
What If New Zealand Adopted Bitcoin as Legal Tender?
Exploring the economic, political, and social consequences if New Zealand became the first developed nation to adopt Bitcoin as legal tender, transforming its financial system and global economic position.