2023-8-12 16:15 |
While crypto was invented to provide an alternative to the traditional banking system, converting to and from fiat currency is still necessary in many cases.
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When Bitcoin came out in 2009, it was perceived as the revolutionary currency that will slowly replace the fiat currency system we know. While now, over 10 years later, Bitcoin and other cryptocurrencies still have a long way to go until they become our number one payment method, debates over which system is better continue […]
2020-9-22 10:36 | |
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Coinspeaker Brazil Working on Launching Central Bank Digital Currency (CBDC) by 2022The Central Bank Digital Currency (CBDC) is the digital form of fiat. According to the president of Brazil's Central Bank, Central Bank Digital Currency (CBDC) may be integrated into the financial system by 2022.
2020-9-4 16:35 | |
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During recent Pomp podcast, CEO of Gerber Kawasaki stated that he owns Bitcoin, called it an inflation hedge and discussed how it can be used instead of fiat US dollar
2020-7-31 19:09 | |
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The world’s leading regulated financial institution for digital assets, Nexo, has announced that it has partnered with Tron Foundation to list TRX in its system to provide the first-ever TRX-backed fiat loans.
2020-7-29 18:16 | |
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The economic events seen throughout 2020 have helped Bitcoin secure its position as both a currency and a store of value. To thwart the effects of immense economic turbulence resulting from the ongoing pandemic, central banks across the globe have been printing money at an unprecedented pace.
2020-7-9 05:00 | |
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Initially envisioned as a P2P electronic cash system, Bitcoin's narrative has changed over time, and now, the asset is primarily viewed as an inflationary hedge against various fiat currencies. Over tThe post Bitcoin's $1T market cap is 1% aggregated institutional investment away appeared first on AMBCrypto.
2020-6-25 17:00 | |
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While Bitcoin created an alternative financial system independent of government, Libra’s architecture depends on the existing fiat currency system – and on the whims of the governments that control it.
2020-6-3 16:35 | |
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Once again, the global financial system faces an uncertain future. This time, the vast majority of developed economies have shut down in response to a worldwide pandemic. And while the full economic impact of our collective lockdown has yet to materialize, the forecasts are dire.
2020-5-19 10:28 | |
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The international company Visa International has filed a patent for a cryptocurrency system that can replace physical money. The new development uses blockchain technology, but at the same time interacts with central and commercial banks.
2020-5-17 19:12 | |
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International payments processor Visa won a patent describing a digital currency protocol on May 14. The system works on a private blockchain and uses native tokens to facilitate transactions. Good for Crypto? As Forbes reported, the Visa blockchain would feature native “digital dollars” and other central bank-issued fiat currencies.
2020-5-15 17:00 | |
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An historic monetary event has occurred that marks the last phase of the fiat system with a return to hard money to be expected according to an analysis by Raymond... The post Billionaire Ray Dalio Says the Dollars Has Entered its Last Phase appeared first on Trustnodes.
2020-4-27 22:06 | |
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In an emergency situation like the current coronavirus pandemic, anything can turn into currency as the fiat system may experience cash shortages and devaluation. Cryptocurrency users have options to trade bitcoin beyond traditional money.
2020-3-19 13:15 | |
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According to Kokesh, the proposed token will enable the American government to relinquish power back to the locals. The AP press release further wrote that AmeriCoin will develop a new monetary system that replaces the outdated and largely expensive fiat currency for the American people.
2020-3-13 20:41 | |
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According to JP Morgan Chase and Co. ’s 74-page report later this week states, the digital money will change the financial world. “2019 will be remembered for the rise of digital money,” the bank said in its report.
2020-2-24 22:15 | |
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ECB's Benoit Coeure believes that central bank currencies will remain at the core of the system even with the advent of digital currencies
2020-2-20 17:47 | |
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Coinspeaker Japanese Lawmakers Pushing for Digital Yen to Counter Chinese Digital YuanJapanese lawmakers are pushing for the adoption of the new CBDC system and the development of the digital yen in the next three years in order to counter the failing fiat currency system.
2020-2-11 20:57 | |
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Coinspeaker Japanese Lawmakers Pushing for CBDC to Counter Failing Fiat Currency SystemJapanese lawmakers are pushing for the adoption of the new CBDC system and the development of the digital yen in the next three years in order to counter the failing fiat currency system.
2020-2-10 20:57 | |
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Bitcoin can still be a hedge against failing fiat. This is especially true in the face of the latest fiat injection plans put forward by the Fed. FED to Inject Double Crypto Market Cap by Year-End The US central bank is ramping up is repo operation efforts with billions more planned to enter the financial system before the end of the year.
2019-12-17 19:34 | |
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The very first stablecoin of Africa is backed by Naira, the fiat currency of Nigeria and it will be built on Binance Chain, the blockchain software system developed by the leading cryptocurrency exchange Binance.
2019-12-14 18:08 | |
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The primary aim of Bitcoin when it was first created was to replace all fiat currencies with the peer-to-peer payment system supported by its blockchain. Since the release of the original cryptocurrency, the original use of the digital coins has become somewhat muddled amidst the interest in the ocean of cryptocurrencies as investment opportunities.
2019-12-10 19:06 | |
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Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies.
2019-12-8 18:01 | |
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Deutsche Bank (DB) believes cryptocurrencies could replace fiat by 2030 as the “forces that hold the fiat money system together” begin to unravel. The bombshell was dropped in a report Thursday by the 149-year-old bank, which is Germany’s largest, and comes a week after news broke that Germany will likely allow financial institutions to deal […] The post Deutsche Bank: crypto could replace fiat and “soar” by 2030 appeared first on CryptoSlate.
2019-12-6 11:00 | |
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The Bitcoin ownership and distribution are still circulating among few, despite Satoshi Nakamoto designing the crypto coin to be used by everyone. The destitution of the cryptocurrency is still like the distribution system of the Fiat money.
2019-11-21 18:29 | |
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The Alibaba Group has officially announced that it does not support cryptocurrency payments. It seems that Alibaba is turning away from crypto following the global IT giants. Earlier, Apple and Google announced that they will develop electronic payment systems on the base of fiat finance.
2019-11-19 14:10 | |
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Twitter community members are arguing about which international payment system is better – Ripple or PayPal. Is Ripple Slower than PayPal? The argument started with a tweet from Tony Vays, a derivatives traders and host of a crypto-related podcast and dedicated events.
2019-11-13 18:51 | |
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Seemingly sidelining Libra for the time being, Facebook launches new fiat payment system
2019-11-13 04:55 | |
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The economic and financial news this year has been grim to say the least. As central banks battle to keep their monetary systems afloat, global debt is skyrocketing to an unsustainable level. A massive paradigm shift is needed and Ethereum could be part of it.
2019-11-12 13:00 | |
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When Satoshi Nakamoto penned the Bitcoin whitepaper 11 years ago, almost to the day, the goal was clear: Replace the existing centralized financial system with a currency of logic, not power. TraditioThe post Bitcoin's demand seems stronger with every weakening fiat appeared first on AMBCrypto.
2019-11-1 17:00 | |
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According to Ripple, XRP is 1/10th as volatile as fiat for cross-border payments. The current SWIFT system is so slow it exacerbates international payment risk. XRP payments clear so fast that the exchange rate risk is negligible.
2019-11-1 03:30 | |
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Lingering political unrest rendered millions of Lebanese nationals unable to access their own money deposited with banks for the seventh consecutive day on Wednesday, highlighting once again how Bitcoin can serve as an alternative financial system.
2019-10-24 07:24 | |
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Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate.
2019-10-21 12:30 | |
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The Bank of Canada (BoC) is thinking about developing a digital currency that would eventually replace fiat money completely, according to local media platform The Logic. Govt-Backed Digital Currency for More Control Bitcoin came out more than a decade ago as a decentralized, peer-to-peer currency system that enabled privacy and bypassed government control.
2019-10-17 15:00 | |
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In case the financial world faces a total collapse, gold will become more important than fiat currencies, at least that is what the Dutch Central Bank affirmed recently. The bank has also affirmed that gold is the trust anchor of the financial system and that it can be used as collateral for starting over. Several […]
2019-10-15 01:36 | |
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Crypto-skeptic Dutch central bank admits gold superiority to fiat money
2019-10-15 10:09 | |
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Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD.
2019-10-14 08:00 | |
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Many cryptocurrency maximalists are viewing signs of a possible economic recession as the potential foot in the door for a decentralized financial system, such as Bitcoin, to take root. Across the world, there are more and more indications that a global economic recession may be looming, as BeInCrypto has reported on.
2019-10-9 02:18 | |
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Keeping the buzz alive across the crypto-ecosystem, prominent crypto-enthusiast Trace Mayer featured on Peter McCormack’s podcast to discuss “monetary sovereignty” and its relation with Bitcoin.
2019-10-2 12:00 | |
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Coinspeaker PBOC’s Cryptocurrency is Meant to Complement China’s Current FiatPeople’s Bank of China (PBOC) central bank digital currency (CBDC) will allegedly be backed 1:1 by renminbi fiat as well as follow a two-tiered structured system with the bank, commercial banks, and retail market participants.
2019-8-31 09:03 | |
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One of the largest crypto exchanges of the world, Binance, has recently commented on China’s alleged plans to create its own digital currency. According to the exchange, the new token will most likely be a two-tiered system that will be used to replace all fiat currency currently in circulation in the largest nation of the […]
2019-8-30 01:22 | |
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A research report from crypto exchange Binance has claimed that the digital currency being developed by the People's Bank of China (PBoC) will be backed one-to-one by fiat, replace notes and coins in circulation, and operate on a two-tiered system.
2019-8-30 23:45 | |
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One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks for the industry and further open […] The post Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached appeared first on Bitcoin News.
2019-8-28 23:00 | |
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Circle CEO Jeremy Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi.
2019-8-24 02:00 | |
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Circle CEO Jeremy Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi.
2019-8-24 02:00 | |
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Amid the ongoing race to beat the fiat system, the crypto ecosystem is on the constant drive to include the most promising innovators in their arsenal. In this regard, Gemini, a leading cryptocurrency exchange and custodian, announced on August 19 that David Damato joined the company as the new Chief Security Officer (CSO).
2019-8-19 17:16 | |
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The payment system, although permanent to our society, has witnessed a change in the definition of assets and its providers. Same can be said for today’s fiat industry that is currently being challenged by the era of cryptocurrency.
2019-8-12 21:39 | |
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LAB577, a team of ex-Royal Bank of Scotland engineers, has built a system for settling crypto and fiat trades on R3's Corda Network.
2019-8-1 05:05 | |
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People are becoming increasingly aware of the advantages of using Bitcoin. Now, developer Sylvain Saurel identifies several compelling reasons for preferring Bitcoin over conventional currencies.
2019-7-24 01:00 | |
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Alex Jones was in full agreement with the Bitcoin crowd for about five seconds this week, when he proclaimed the slow death of fiat currencies. However, in the next breath, he warned that the replacement for the inflated fiat corpse would be something even more terrifying: a “blockchain or Bitcoin-style system” run by the globalists.
2019-7-24 22:50 | |
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At present, there are many obstacles that prevent the purchase of goods with cryptocurrency if the holder does not convert to fiat currency. Adopting many crypto payment networks such as AIGO-Payment can result in cryptocurrency holders being able to transact directly with traders without having to go through additional banking layers.
2019-7-6 10:33 | |
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| Analogue Notcoin - TapSwap |
JPEX staff forced to flee Token2049 after execs arrested, Mt Gox repayment delay stretches 10 years, Diners Club goes Web3 in Singapore.
AI art is gaining acceptance while Squiggles inch closer to the finish line.
Melbourne NFT artist Giant Swan used to sit in his car crying because he didn’t fit in. Now he’s found his place as a gothic VR dream creator
Pudgy Penguins CEO reveals why PFT holders aren’t doomed, Grails offers a blind tasting to buy famous NFT artists, and free Amazon Prime NFTs.
Mainstream crypto adoption will require an enormous effort, and it’s still likely to be several years away.
It is essential that we engage in extensive research and relentlessly test and build solutions that help solve these challenges and build a resilient architecture.