LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs.
Economists define cash as a physical form of money, such as banknotes and coins. Bookkeepers and financiers explain cash money as a current asset, including currency or its equivalent, that can be accessed immediately. Cash existed in the form of coins until Venetian merchants started using the first banknotes in the early Middle Ages. Today, most cash is being replaced by digital money, which has become the largest share of the total money supply. While cash is not useful for remote payments and is not as fast as digital currency, it is very convenient for private and secure transactions — though this is gradually being replaced with cryptocurrencies. In 2016, 1 out of 7 people in the UK were reportedly no longer using cash, which may indicate the possible existence of a cashless society in the near future — proposals of which are coming from around the world.
Abra's CEO purportedly increased his holdings prior to Bitcoin touching new 2020 highs.10705
Important questions about CBDCs remain unanswered for the Kiwis' central bank.8807
Russia’s central bank says that the digital ruble can be an “additional form of money alongside cash and non-cash.”7360
Cryptocurrency may emerge as a more widely adopted means of exchange as consumers grow increasingly comfortable with cashless transactions.25000
The digital renminbi is legally compensatory to China’s fiat currency.25329
Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says.3137
Millions more Americans posted unemployment status last week, but does that mean anything for Bitcoin?4259
BIS Innovation Hub head asserted the decline of cash use amid the pandemic has renewed the pertinence of bank-issued digital currencies.5386
Square has launched an online portal allowing U.S. citizens to divert their stimulus payments to its Bitcoin-friendly Cash App.11644
Hedge fund manager, Ray Dalio, described the reasons cash is a poor investment, but failed to mention Bitcoin as a viable alternative.13439
As the pandemic challenges the global economy and forces people to abandon cash, a CBDC might be the right tool to fix the financial system.4272
Amid growing concerns regarding the transmission of COVID-19, the Bank of International Settlements is pushing for digital currencies.8707
The CBDC race has long been on, and some countries might finish sooner rather than later.3929
Multi platinum-selling artist Akon will launch his Akoin cryptocurrency on the Stellar network.5217