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Business woman using tablet with cryptocurrency bitcoin link network concept Source: Adobe Stock

Cryptocurrency has captivated our attention here at Cornerstone, and that of many of our members as well. As crypto creeps into the mainstream, it’s important to have some basic knowledge of digital assets and how credit unions can use them to serve their members.

First, let’s talk about what cryptocurrency is not. It is not traditional fiat currency. There is no checkbook for consumers to carry around and no debit card to swipe at the store. As a digital asset that can be transferred without the assistance of a financial institution, cryptocurrency’s almost ethereal existence, thus far, can be described as invisible or even mythological.

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