Despite the COVID-19 pandemic, banks are reluctant to suggest alternative channels to their customers, says report. A recent study examined the response of the 15 leading North American banks to the COVID-19 pandemic. Researchers discovered that tellers only at three banks wore masks 100% of the time. Participants visited 700 bank branches across the continent belonging […]
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He isn’t bearish. In fact, his ideas appear to lean ever so slightly bullish. Crypto prices may still be weighed down by a difficult global economic atmosphere, according to Joel Birch, co-founder of automated crypto investing platform Stacked. “I don’t necessarily think that 2020 is going to be the year of some type of major […]
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China might lead the charge into the digital economy, but will being the first major economy to launch a CBDC be enough to win global reserve currency status? China’s Digital Currency Electronic Payment system is at the forefront of news around central bank digital currencies, or CBDCs. As China will be the first nation to […]
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The P2P marketplace continues its push to highlight the benevolence and positive nature of the Bitcoin community. Peer-to-peer cryptocurrency marketplace Paxful announced Sept. 17 that it had broken ground on a new school in Nigeria. This is the fourth school of 100 planned as part of its #BuiltWithBitcoin initiative to bring quality education to emerging […]
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Unlike China, Sweden, and Canada, Australia is reluctant to issue a CBDC. While other countries may be placing central bank digital currencies — also known as CBDCs — at the top of their agenda, Australia could buck the trend. According to a local news report on Sept. 17, the Reserve Bank of Australia’s latest payments […]
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Escalating debt and inflation could result in years of stormy weather for global economies Renowned entrepreneur and author, Jeff Booth, has endorsed Bitcoin as a ‘“must have” investment in times when central banks are exacerbating the escalating debt problem. The comments came in a tweet thread discussing the notion that central banks believe they can […]
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Covid-19 stimulus payments “could have been done in a few seconds, at no (distribution) cost. It would have been a no-brainer.” Programmable money (PM) is in the air. It may be the next stage in the evolution of money. And it could be as disruptive as any financial technology in development today. Yes, China is […]
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Robert Kiyosaki calls the United States “bankrupt” as national debt bears $27 trillion, listing Bitcoin among the three “best” long-term investments. Bitcoin (BTC) will “crash” when the world finds a coronavirus vaccine that works, popular author Robert Kiyosaki claims. In a tweet on Sep. 15, Kiyosaki, famous for his book, “Rich Dad Poor Dad,” warned […]
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Crypto seems to thrive on remote work. Bitcoin (BTC) payment and wallet company BitPay has chosen to take its company’s working atmosphere remote, permanently. A poll from within the company revealed: “85% of employees preferred to work from home and felt they were more productive,” said a Sept. 15 statement. “This insight coupled with the […]
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Prior to COVID-19, six leading banks had a market cap above Bitcoin’s. How many still do? Since the outbreak of COVID-19, the world’s 14 largest banks have lost $635.33 billion in market capitalization. This is more than three times the current market capitalization of Bitcoin (BTC) and almost double the capitalization of all cryptocurrencies. Market […]
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