Ted Bauman Talks about the Different Flaws with the Cryptocurrencies

One of the biggest names in the financial circles of the United States is that of Ted Bauman. Born and raised in the suburbs of Washington D.C., Ted Bauman moved to South Africa while he was still young to complete his studies from the Cape Town University. It is at Cape Town University. He completed his post-graduation in economics and history. Ted Bauman went on to work at many of the world-renowned institutions, which includes World Bank and also the United Nations. He also worked for nearly two decades as the fund manager for the non-profit division in South Africa. During his career of nearly three decades, Ted Bauman had the opportunity to travel extensively and provide financial services to various organizations. He has travelled to more than 75 countries during his career, which has helped him gain considerable exposure to the financial situation in different countries and how the financial markets differ from one country to another. Read more about Ted Bauman at Bloomberg.


Ted Bauman moved back to the United States in 2008 and went on to work for an NGO named Habitat for Humanity. As a professional with a background in managing the finance as well as housing contracts, he handled international housing at Habitat for Humanity. However, in 2013, Ted Bauman joined Banyan Hill Publishing as an editor and a contributing author. He writes finance based articles where he helps in educating people about how to invest their money, and on what. Currently, he is the editor of Plan B Club, Alpha Stock Alert, and Bauman Letter. Ted Bauman feels that it is necessary for people to follow the financial markets to make sound investment choices for themselves, which would be fruitful in the future. For people who are looking to invest in Bitcoin or the cryptocurrency market, Ted Bauman feels that it might not turn out to be what people expect from it. It is because there are many flaws in the cryptocurrency market’s infrastructure that needs to be rectified.

The first issue with cryptocurrency is the long processing time. Ted Bauman feels that the payment processing technology of cryptocurrency is flawed and the processing time has to be brought down if it wants people to continue using them. Also, the wait time continues is so long that people would stop using the digital currency altogether. It would result in great loss for the cryptocurrency market. Even though work is going on to improve the wait time, it would be months and even years to get results from it. Read more: http://www.talkmarkets.com/contributor/Ted-Bauman

 

 

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