Bank of Russia issues consultation paper on digital ruble
Russia’s central bank says that the digital ruble can be an “additional form of money alongside cash and non-cash.” Go to Source Powered by WPeMatico
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Americans don’t want to give up their paper money, but they should
Cryptocurrency may emerge as a more widely adopted means of exchange as consumers grow increasingly comfortable with cashless transactions. Go to Source Powered by WPeMatico
No one can refuse China’s digital currency, says central bank exec
The digital renminbi is legally compensatory to China’s fiat currency. Go to Source Powered by WPeMatico
Why the Rise of the CBDC Is Bad for Your Privacy
Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. While most are being undertaken as pilots at this stage, China’s is all but ready for primetime. Social Credit … Read more
Kazakhstan Needs National Crypto to Fight Corruption, Says Local Official
Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says. Go to Source Powered by WPeMatico
Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments
More than 2,500 merchants in Austria can accept three types of cryptocurrencies via the payment processor Salamantex. The company explained that the system was tested with a number of select A1 5Gi network shops. Since the Covid-19 outbreak, contactless payments have been trending more so than they ever were before. There are a number of … Read more
Recent Unemployment Numbers Might Not Mean Anything for Bitcoin
Millions more Americans posted unemployment status last week, but does that mean anything for Bitcoin? Go to Source Powered by WPeMatico
BIS Innovation Hub Head: COVID-19 Has Exposed The Value of DLT
The BIS is exploring digital currencies and tokenization amid the coronavirus pandemic Go to Source Powered by WPeMatico
Square’s Users Can Route Stimulus Payments to BTC-Friendly Cash App
Square users can have their stimulus payments diverted to their Cash App accounts Go to Source Powered by WPeMatico
Ray Dalio Bashes Cash, Doesn’t Mention BTC Alternative
Hedge fund manager, Ray Dalio, described the reasons cash is a poor investment, but failed to mention Bitcoin as a viable alternative. Go to Source Powered by WPeMatico
