Tim Leung was interviewed by The Olympian: Popular Pierce County distillery closed tasting rooms. Is crypto the reason?
Tim Leung is the Boeing Endowed Professor in the University of Washington’s Department of Applied Mathematics, and has done extensive research on cryptocurrency. He also directs the department’s Computational Finance and Risk Management Program.
In an interview, Leung said that using cryptocurrency can expose businesses to volatile price swings and potentially impact their ability to pay for regular expenses, such as staff payroll, rent and materials.
“We need to understand that businesses need to pay money, pay for labor, material, space, everything, and often time, they cannot wait,” Leung said. “They have to pay every month, or bi-weekly, or every week ... and when you receive payment in a volatile cryptocurrency, that may not be amenable to that operation.”