By Edward W. Mandel

Is it my imagination, or are central bankers worldwide beginning to change their tune about cryptocurrency?

No, I don’t think I’m hallucinating. Rather, I think it’s the nature of the beast. Those who have been selected to head up their governments’ monetary policies tend to be well-steeped in both the science and the culture of economics. And both the science and culture of economics owe a great debt to the person of John Maynard Keynes, the field’s leading light of the early 20th century. And he is the man who is credited with saying, “When my…


By Edward W. Mandel

It’s old news by now that InterContinental Exchange, the global securities trading conglomerate that owns the New York Stock Exchange among other bourses, made a play for eBay. It’s also old news that eBay decided not to sell itself to the highest bidder. Hypocrites.

Although the attempted acquisition didn’t make immediate intuitive sense, let’s remember that any exchange — whether it’s the Big Board or a futures market or a crypto trading platform — is essentially an auction. Basically, it’s an eBay for money. Why not become the eBay for everything else?

But no sooner did…


By Edward W. Mandel

When you think of cryptocurrency, you usually think of Bitcoin. Maybe you’re also aware of Ether or Litecoin or Ripple or Monero or some other niche-y but widely traded digital money.

The IOUX coin offered by the IOU.io team is different. It’s essentially the token used to manage both the transactions on our platform and the social network which envelops it. That means it wasn’t developed to be traded on speculative markets, but rather to be used for a specific purpose.

That purpose is to facilitate ecommerce. And, while IOUX is specific to the IOU marketplace…


By Edward W. Mandel

As I sit down to write this, almost a year has passed since I first pondered what libra, Facebook’s proposed stablecoin, would mean for IOUX.

IOU.io sees all this as positive for the IOUX token. Facebook’s sudden interest in having a similar asset on offer does one thing for us that it would take us years to do for ourselves: get our business model in front of a mass market,” I concluded at the time. “We know our place. It’s Mark Zuckerberg’s world and we just live in it. We know we’re not going to eat…


By Edward W. Mandel

As regular readers of this space know, I wrote previously on Facebook launching its kinda-sorta cryptocurrency libra. Whatever reservations any reasonable person might have about this particular social media platform or the corporation that owns it or the weasel who founded it, I didn’t want to dwell too much on those points. The more I think about the subject I see that the libra “stablecoin” might be good for IOUX hodlers and for ecommerce space.

“Facebook’s sudden interest in having a similar asset on offer does one thing for us that it would take us years…


By Edward W. Mandel

One of the core use cases for cryptocurrency is to serve “the underbanked”. When you hear that term, however, you might get a skewed view of the people who might be most immediately helped by a decentralized financial system. Yes, crypto could be good news for subsistence farmers in developing countries who rely on outrageously expensive wire transfers from relatives sending remittances from wealthier nations. …


By Edward W. Mandel

The IOU.io team is dedicated to a new model of commerce, one that creates new standards for what constitutes currency and what constitutes creditworthiness. It involves an intimacy between merchant and customer that is intermediated as lightly as possible by a platform that efficiently and cost-effectively clears the transactions and maintains the consumer’s data security and pseudonymity.

A nice-to-have would be a banking or shadow-banking infrastructure that supported this new paradigm. Unfortunately, the legacy enterprises range from slow to adopt the technology to downright hostile to the proposition.

Still, we’re seeing some green shoots. We’re not…


By Edward W. Mandel

I’ve made the point repeatedly in my BQT blog that that there’s a difference between on-platform tokens and true cryptocurrencies. Cryptocurrencies — with the possible exception of bitcoin — are intentional media of exchange. (Bitcoin, in my opinion, might not have started out that way, but it has clearly ended up that way.) But then there are such coins as our own IOUX. While they might have a value that appreciates and depreciates relative to other assets — including other on-platform tokens, true cryptocurrencies and even fiat currencies — that is not what they’re actually for.


By Edward W. Mandel

IOU.io is a pioneer in the field of blockchain ecommerce. While we have a unique story to tell, it needs to be understood in a broader context — that of worldwide adoption of distributed ledger technology in online retailing. Fortunately, our timing appears to be very good.

“The global market for blockchain in retail is estimated to reach $1.76 billion by 2024 growing at a 78.49% [compounded annual growth rate] during the forecast period 2018–2024,”according to a Market Research Future study. “The growing adoption of blockchain technology by retailers to streamline business processes such as inventory…


By Edward W. Mandel

IOU.io is a pioneer in the field of blockchain ecommerce. While we have a unique story to tell, it needs to be understood in a broader context — that of worldwide adoption of distributed ledger technology in online retailing. Fortunately, our timing appears to be very good.

“The global market for blockchain in retail is estimated to reach $1.76 billion by 2024 growing at a 78.49% [compounded annual growth rate] during the forecast period 2018–2024,”according to a Market Research Future study. “The growing adoption of blockchain technology by retailers to streamline business processes such as inventory…

IOU - True E-Commerce on Blockchain

IOU - True E-Commerce on Blockchain

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