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Oleg Kurchenko Speaks About a Balance Between Crypto and Fiat at the MarketScale TV

Oleg Kurchenko, CEO and founder of Binaryx, made a guest appearance on a MarketScale TV podcast. In his speech “How Will the World Strike a Balance Between Fiat and Cryptocurrencies,” he emphasizes the importance of finding and keeping a balance between digital and fiat money. Above all, the entrepreneur reviews the pros and cons of each kind of asset. 

Here are the key takeaways from Oleg Kurchenko’s podcast:

  • All digital currencies have a few common features – all-digital nature, decentralization (except some coins), creation, and mining via blockchain technology.
  • Fiat’s weakest point is its lack of collateral.
  • Cryptocurrency is a tech answer to the volatility of fiat money.
  • Cryptocurrency has fewer restrictions on ownership, exchange, and spending than fiat money.
  • Despite being innovative, the digital currency has some weak points – complexity of the technology, demand for large amounts of electricity, and lack of legal regulation in many countries.

It’s Oleg Kurchenko’s first appearance on a MarketScale TV podcast. It’s a feature of a self-titled platform that creates and publishes B2B content for many industries. 

Listen to the full podcast.

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