You are viewing a single comment's thread from:

RE: Blockchain Resiliency & Community Impact [Recap of our Talk at The World Bank in Washington D.C.]

in #steem7 years ago

Where does the World Bank get the money from?

Sort:  

Hi @photoquest - It's a similar structure to any other bank, they create loans, receive interest, have debt offerings. We don't have much background on that though (being designers ourselves) you can learn more here.

Thank you.. that was a great response

No problem! Our goal with this talk was to open them up to alternative resources (like Steem) that could help the communities they operate in. Being one of the biggest financial institutions in the world, a "conversion" into cryptocurrency is quite a tall order. But they were very receptive and motivated to continue the conversation.

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 63004.58
ETH 2548.62
USDT 1.00
SBD 2.81