Bitcoin, a form of cryptocurrency, is now being accepted by major online supplier Overstock.com. Sites like Amazon.com are also reported to also be considering accepting bitcoin as payment. There are even bitcoin ATMs starting to pop up in major cities. Locally, Cheese and Crackers, an artisanal deli in Champaign, has been accepting bitcoin for about 6 months. Owner Bart Basi says in his store bitcoin is more of a conversation starter than a currency at this point but that he does get a couple customers every month who pay with it.
This hour on Focus, host Jim Meadows talks with Basi about being reimbursed in bitcoin. Jim Angel, Visiting Associate Professor at the Wharton School at the University of Pennsylvania from the School of Business at Georgetown University, also joins the show. Venture capital firms like Anderseen-Horowitz, whose co-founder wrote recently about the potential for bitcoin, say bitcoin is a solution to a lot of technical problems with online payments. Angel isn’t so sure and joins Focus to talk about the merits and problems with bitcoin.
This hour on Focus, we’ll talk about the best ways to track your spending and how doing so can help you meet your financial goals. Personal finance expert Kevin Waspi and certified financial planner Jake Kuebler will be here to talk with us about the best ways to keep track of where your money is going, whether you want to do it the old-fashioned way with pen and paper or if you want to do it electronically using online banking tools and apps. We also welcome your questions whether you are just starting out and looking for advice on investing, thinking about buying a home or planning for retirement.
Fewer and fewer people are regularly carrying cash. Carrying cards seems easier, and paying with plastic leaves a handy electronic record to track where your money goes. But with lots of questions circling about cyber-security and a security breach that compromised more than 5,000 debit/credit card users in the area, isn’t there a huge advantage to paying with cash money? This hour on Focus, we’ll talk about money, currency and what it would be like to live in a world without cash. David Wolman, author of “The End of Money: Counterfeiters, Preachers, Techies, Dreamers – and the Coming Cashless Society” and Professor of Finance Charles Kahn join us. Kahn is a consultant at the Federal Reserve Bank of Chicago and has written about payments economics and identify theft.