Cryptocurrencies have challenges in becoming a major force in the world’s economy, but looking at history, almost every advancement has had similar issues.
Cash News
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.
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- Analysis
While crypto’s famed volatility can be terrifying for investors, it is something that needs to be weathered.
- News
by Helen Partz
South Korea’s central bank is considering cryptocurrencies and blockchain as a means by which to become a “cashless society” by 2020.
- Analysis
Bitcoin’s has long been labeled an illicit goods buyers’ best friend, but how does it shape up to cold, hard cash?
- News
by Helen Partz
Jack Dorsey, CEO of Square, calls Bitcoin a “transformational technology”, plans to develop further options for users
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by Jon Buck
Bitcoin mining burns less energy than gold mining, fiat currencies and data centers.
- Adoption
Rolls-Royce owner selling luxury car for Bitcoin.
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by Jon Buck
Fed appointee wants to ban cash - Bitcoin soaring makes sense.
- Adoption
Bitcoin has a long way to go if it is to overtake the simplicity and popularity of cash
- Adoption
Portugal is the latest country to close the net on cash.
- Altcoin watch
Litecoin Founder Charlie Lee brushes off any worries and anxiety regarding Bitcoin Cash’s coming into the picture of growing altcoin scene.
- Fork
The controversial Bitcoin Cash, has rocketed to be the third-biggest cryptocurrency in terms of its market cap in less than 24 hours, overtaking Ripple.
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