Bitcoin is Not The Next Logical Step To Solve Financial Woes
Many people around the world are wondering what it will take to fix the world economy, and the answer is far less simple than some of us would like it to be. For decades, a financial stimulus from governments or banks has been able to reduce a lot of the damage, but even that is no longer a feasible scenario. Is this the time where Bitcoin will shine and fiat currencies keep tumbling? Or is there another solution no one has thought about just yet? What Needs To Be Done To Solve The Financial Issues. No one in the financial world will deny the current situation is going to cause a lot more....
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New Silicon Valley startup Beepi - an online used-car marketplace that connects buyers and sellers and claims to offer better prices than car dealerships - now accepts bitcoin payments. Beepi's co-founders Ale Resnik and Owen Savir told CoinDesk that accepting bitcoin is a "logical step" for any e-commerce startup. The promise of the company is to replace the middlemen in the car sales industry with a more efficient peer-to-peer system - an aim that has parallels with the impact of bitcoin, Resnik and Savir said: "We're reshaping the antiquated process of buying a car by removing complex....
The bigger question is how consumers and enterprises can protect against this volatility in the coming years. The Chinese Yuan has been a topic of multiple debates in the past few months. After months of deliberate devaluation, things are still looking very bleak for the future. In fact, it appears the pessimism surrounding this national currency is only growing worse every month. Such an uncertain future can push even more people to Bitcoin and cryptocurrency next year. China is not doing all that well in the financial department as of late. Further depreciation of the yuan is expected in....
In this episode of "Fed Watch," the hosts discuss the world's three major central banks and their actions in the face of economic turmoil. The post Video: Central Bank Woes appeared first on Bitcoin Magazine.
Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price discount compared to its bitcoin holdings, a fact that has many worried about the overall sustainability of their business model. Grayscale Hints at Becoming an ETF Grayscale, the biggest cryptocurrency fund manager in the world, has declared its Grayscale Bitcoin Trust (GBTC) is in the process to become an ETF to get rid of some of the problems it is facing.....
Making Bitcoin more accessible in a convenient manner for mainstream consumers has proven to be quite a challenge. Various Bitcoin exchanges are looking to implement more commonly used payment methods such as credit cards, whereas other enthusiasts feel there should be more Bitcoin ATMs around the world. But what if the next logical step of Bitcoin....