RATE Group | Senior Executive Halts Wall Street Journal’s Own Cryptocurrency
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Senior Executive Halts Wall Street Journal’s Own Cryptocurrency

03 Oct Senior Executive Halts Wall Street Journal’s Own Cryptocurrency

Posted at 12:05h in Cryptocurrency News by

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The Wall Street Journal (WSJ) created and then destroyed its own cryptocurrency in a bid to “understand” the industry, the publication revealed in a mini documentary Wednesday, October 3.

WSJ Coin, which journalist Steven Russolillo hoped would shed light on the emerging crypto economy while providing real use cases for the journalism industry, made it to the grand total of two issued units.

A mound of around 150 physical WSJ Coins was further distributed to the audience of a panel discussing the concept at the publication’s D.Live annual technology conference in Hong Kong.

Speaking on the panel were remittance service BitPesa CEO Elizabeth Rossiello and former Ripple CTO Stefan Thomas, who both saw considerable potential in a journalism-based crypto asset.

“If you lower the cost of moving money around, the entire economy changes … ‘How do I pay for a news article online?’ changes,” Thomas said by way of example.

Russolillo teamed up with Japanese developer Makuto…

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