Author: Noah Edis

On Tuesday, blockchain firm Lightning Labs released the Taro protocol, allowing stablecoins and other digital assets to be channeled through the bitcoin monetary network. Currently, the project is in its early phases of development. If made widely available, Taro will allow users to cheaply and quickly send payments anywhere in the world without touching a traditional bank or payment processor. Transactions would be settled in near-real-time and could potentially be cheaper than conventional money transfer services. “What we’re trying to do is build the railroads for a new kind of economy,” said Lightning Labs CEO Elizabeth Stark. The launch of…

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