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While several global headlines have declared that millennials are increasingly disinterested in banks, the owners of BTC.sx exchange have launched Magnr, “the first savings account for Bitcoin.”
Global interest rates are at their lowest levels in decades. This has baffled many leading economists and global fund managers.
And so the war on cash begins with its first casualties: Swiss pension funds and large depositors at banks worldwide are beginning to feel the impact of negative interest rates, which have the potential to unravel the global economy.
The governor of the Bank of Japan Haruhiko Kuroda has made a statement on bitcoin during the regular press conference.
The recent news from the bitcoin world can be evaluated both positive and negative, but as we know all kind of publications except the necrologue is a very valuable type of advertising.
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Over the past few days, Britain’s major banks have been notifying their customers of potential implementation of negative interest rates.
Having overtaken the US, Japan has become the world’s second Bitcoin market, after China. Will the Empire of the Sun move ahead of all to completely embrace digital assets?
The Central Banks of Japan and Europe have imposed negative interest rates on deposits. Would these blunt monetary tools of Central Bankers be effective if bitcoin adoption becomes widespread?
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