As Thomas Cook Suspends FX in UK, Bitcoin Best Choice For Individuals

As Thomas Cook Suspends FX in UK, Bitcoin Best Choice For Individuals

The rapid depreciation of the British Pound has resulted in Forex companies like Thomas Cook imposing restrictions on the sale of foreign currencies. Bitcoin offers a better way out for ordinary residents. Impact of rapid depreciation. For the common man, there is little he can do if his currency is subject to sudden depreciation. With the pound hitting a historical low, the British can only watch passively as their sterling-denominated assets lose value. The price of imported goods (like oil) and goods benchmarked to international markets (like gold) will increase in GBP terms. If they....


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