Bitcoin Is “Extremely Inefficient” when Used to Settle Financial Transactions, US Treasury Sec Janet Yellen Argues

US Treasury Secretary Janet Yellen stated on Monday (February 22, 2021) that Bitcoin is an “extremely inefficient” way to settle financial transactions. Yellen commented on how the digital currency’s price fell sharply (as usual) during morning trading hours, but then stayed above the $53,000 mark… Read More
Read more in: Blockchain & Digital Assets, Opinion | Tagged bitcoin, bitcoin transactions, btc, digital financial services, digital payments, digital transactions, federal reserve, financial services, financial transactions, janet yellen, payments, united states, us