Frances Coppola: How to Get Coronavirus Money to Folks Fast

Coindesk | Apr 7, 2020 at 4:27 PM
  • Frances Coppola, a CoinDesk columnist, is a freelance writer and speaker on banking, finance and economics.
  • Despite valiant attempts to create faster second layers, the solution to Bitcoin’s scaling problem ended up being surge pricing: as average wait times for settlement increased, people who wanted their money quickly paid ever-higher transaction fees.
  • Bitcoin’s surge pricing isn’t an option for governments, and nor is making people wait for weeks or months to receive their payments.