Bitcoin Transcends Borders, Creates Truly Global Economy

Bitcoin Transcends Borders, Creates Truly Global Economy

Because of Bitcoin and blockchain technology, the global economy flourishes without the normal limitations of nationalities and borders. Bitcoin was conceived without consideration of, or restriction from, governments, nationalities, or borders. Because of its decentralized nature and ease of transaction, it is equally accessible to users in all corners of the world, so long as they have a device with a reliable internet connection. This has led to a global financial system less influenced by national borders. Because most economic transactions in the past have dealt in traditional....


Related News

Recession Woes Are Far From Over Despite Brexit Recovery

If the Deutsche Bank were to collapse - which seems inevitable right now - they would impact every other financial institution on the planet. The global ramifications would be so widespread; the world whole would be pushed into recession again. The Brexit is raising a lot more questions than we have answers at this time. Despite turmoil on the stock and fiat currency markets, there is no significant altercation to speak of. The so-called Brexit “fear’ has not materialized yet, albeit this could be a period of the calm before the storm. At the same time, the IMF is pointing at Deutsche Bank....

Bitcoin Is Not Democratic Part Three: The Separation Of Economy And Politics

Part three of the “Bitcoin Is Not Democratic” series explores the building blocks necessary to construct a civilization that transcends politics.

Nathaniel Popper: “Borders End Up Mattering A Great Deal” In Bitcoin

Incredible mining facilities in China, and cinematic footage of the workers there. Breathtaking scenes from inside the contentious Russian crypto-currency community, where Ethereum developer Vitalik Buterin addresses a packed house. With Nathaniel Popper as narrator, these are just a few of the glimpses TechCrunch offers in a new documentary series into Bitcoin around the world. In his experience, Mr. Popper’s learned that borders matter in Bitcoin. “Bitcoin is supposed to be this global thing,” Mr Popper tells CCN. “As it expands globally, it takes a different shape in each place where it....

China's Bitcoin "Ban" Creates A Massive Opportunity For The U.S.

With China banning Bitcoin activity in its borders, Americans have a chance to shape the future — as long as regulators don't stop them.

Spanish Municipality Creates Its Own Cryptocurrency to Boost Economy Hurt by ...

A municipality in the province of Sevilla, Spain, has launched its own cryptocurrency, which aims to encourage residents and merchants to arrange transactions with it in the midst of the coronavirus-driven economic impact. Spain’s Sevilla Municipality Launches ‘Elio’ Cryptocurrency to Boost Local Economy According to Europa Press, the City Council of Lebrija created “Elio,” a crypto asset pegged to euro price, which will act as a tunnel to send economic aids to stimulate local consumption, between 50 and 200 EUR ($61 to 244) to each one of the 593 selected....