If EU Collapses, May Bitcoin Become Europe’s Common Currency?
Earlier this month, a majority of citizens in the United Kingdom voted to exit the European Union. This departure, known as “Brexit,” caused a temporary global market collapse, and prompted US billionaire George Soros to warn that a collapse of the European Union is “practically irreversible” at this point. During the polling leading up to the Brexit vote, gold and Bitcoin both tracked polling to leave the EU. Luca Dordolo, Italian BTM operator, sees Bitcoin as becoming considered, like gold, a hedge against weak markets. “What's happening to gold rates in these Brexit days, stock markets....
Related News
History tells us that no international monetary system lasts forever. And as Barry Eichengreen, the leading thinker in this arena, has repeatedly reminded us, those systems tend to collapse very quickly, whether it was the dominance of Rome’s coins, the British pound’s status as the common unit of international trade, or the various periods in which the world aligned around the gold standard. The same will be true for the dollar’s unofficial status as the international reserve currency. Its hegemony will at some point disappear and, when it does, the fall will be swift as the world....
For those unaware of what Cryptor Europe is, you must know what Cryptor Trust is and fortunately, the answer is quite simple. Cryptor Trust Inc. is a global investment group and think tank focused not only in bitcon, but any other crypto related assets. As of right now, Cryptor Trust is the first global investment group with a formal capital structure based on bitcoin without the need of a bank account. Another thing that makes Cryptor Trust unique is the fact that they only sell their shares for bitcoin which is unseen nowadays by a company seeking funds. Cryptor Europe Inc. on the other....
The victory President-Elect Luis Inacio Lula Da Silva obtained on Oct. 30 over the incumbent Jair Bolsonaro in Brazil might open the gates for the proposal of a single currency for the countries of Latam. Lula announced this as part of his campaign, preaching the utility of a common currency as a way of fighting inflation and dependence on the U.S. dollar. Brazil’s Lula Might Spearhead Proposal of Single Currency in Latam The tight electoral victory that now-President-Elect Lula Da Silva has obtained on Oct. 30 might bring the rise of a new common currency for Latam, judging by the....
Ace Jewelers’ Co-CEO Alon Joseph states that the deal with BitPay is one of the major initiatives the firm is taking to establish the presence of its e-commerce store. Global bitcoin merchant payment processor and solutions provider Bitpay has partnered with a family-owned and Amsterdam-based high-end jeweler Ace Jewelers Group, allowing the highly respected company to become Europe’s first jeweler and high-end watch authorized dealer to accept the disruptive digital currency. Ace Jewelers’ Co-CEO Alon Joseph states that the deal with BitPay is one of the major initiatives the firm is....
Two new proposals for a new common currency to be established in Latam have been made recently. Former Brazilian president and candidate Luis Inacio Lula Da Silva mentioned the idea in May, and the president of the Colombian Congress, Roy Barreras, mentioned the same idea during the inauguration of president Gustavo Petro earlier this month. The idea behind this would be to lessen the dependence of the region on the US dollar.
Lula and Barreras Propose Latam Common Currency
The proposal for a new common currency to be established between Latam countries has been revived once....