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Tokens vs. Accounts: Why the Distinction Still Matters


Abstract: Computer science experts may say the difference is irrelevant in the digital world. But when it comes to payments, distinguishing the two still has value in the real world.

Keywords: tokens; accounts; cryptocurrency; payments system; payments; coins; digital currencies; fintech;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2020-10-05