Kraken Bitcoin strategist Pierre Rochard debates professor of computer science Jorge Stolfi on whether Bitcoin meets the definition of a Ponzi scheme.
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.
"This was not Cash App’s decision — we disagree with this move wholeheartedly," tweeted the service.7289
The Ethereum co-founder believes that CBDCs are good for macroeconomics, but there are also certain challenges.7625
The decision on how to launch a digital euro could still be a long time coming.4450
BIS Innovation Hub head Benoît Cœuré stressed the importance of maintaining multiple payment options beyond just CBDCs.7421
LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs.5682
Abra's CEO purportedly increased his holdings prior to Bitcoin touching new 2020 highs.11294
Important questions about CBDCs remain unanswered for the Kiwis' central bank.9050
Russia’s central bank says that the digital ruble can be an “additional form of money alongside cash and non-cash.”7884
Cryptocurrency may emerge as a more widely adopted means of exchange as consumers grow increasingly comfortable with cashless transactions.25459
The digital renminbi is legally compensatory to China’s fiat currency.25715
Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says.3231
Millions more Americans posted unemployment status last week, but does that mean anything for Bitcoin?4327
BIS Innovation Hub head asserted the decline of cash use amid the pandemic has renewed the pertinence of bank-issued digital currencies.5434
Square has launched an online portal allowing U.S. citizens to divert their stimulus payments to its Bitcoin-friendly Cash App.12101