{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3406323-014",
 "identifier": "kaal:claim:3406323-014",
 "text": "Centralized fiat payment systems require consumers to hold an existing banking relationship, while holding and storing cryptocurrencies does not, which gives decentralized payment systems comparative advantages in orders of magnitude.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Decentralization - A Primer on the New Economy",
  "datePublished": "2019",
  "url": "https://ssrn.com/abstract=3406323",
  "sha256": "6293780b57a1ae1de17ec00f99cc94295d4f72ea4d08b17a5c08c44772b221db",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralization%20-%20A%20Primer%20on%20the%20New%20Economy.pdf"
 },
 "keywords": [
  "systemic-risk"
 ],
 "about": [
  "payment-systems",
  "financial-inclusion",
  "cryptocurrency",
  "banking-relationship"
 ],
 "abstract": "Centralized fiat payment systems and platforms typically require some form of an existing banking relationship in order for consumers to utilize their services. Holding and storing cryptocurrencies does not require a banking relationship.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "condition"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "payment systems relying entirely on cryptocurrencies"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": false
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/aee1c1282b6676dd167813eba67a563275015d3bf23a86f4e5ec8327c1b6dfdd.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "extends",
     "to": "https://wulfkaal.github.io/claims/3396522-016",
     "to_id": "kaal:claim:3396522-016",
     "similarity": 0.351
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "aee1c1282b6676dd167813eba67a563275015d3bf23a86f4e5ec8327c1b6dfdd",
 "canonicalForm": "https://wulfkaal.github.io/claims/3406323-014.md"
}