Switzerland’s SBB Will Offer Franc-to-Bitcoin Trading
If you love bitcoin and you’ve ever fancied a trip to Switzerland, now may be the perfect time. In an unusual and positive twist, the country’s rail system has announced that it will offer customers the opportunity to trade francs for bitcoins starting November 11. Just think… Now you can travel cross-country and get a first-rate view of the alps with a few trusty bitcoins by your side. The move is meant to test Switzerland’s attitude and potential necessity for cryptocurrency, which for the most part, has been largely unavailable until this point. In a statement, the SBB system explains:....
Related News
Global economists continue to question the implications of blockchain implementation for central bank digital currencies. Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), is not the right solution for a central bank digital currency, according to an economist at Switzerland’s central bank.Carlos Lenz, chief economist at the Swiss National Bank, argued that blockchain-based decentralization features are not efficient for a state-controlled digital currencies like a digital franc, German-language Swiss newspaper The Handelszeitung reported Thursday.The economist....
The Swiss Franc (CHF) is worth 18,826,374 BTC in market cap at the time of writing, a little less than Bitcoin.
“For us, the ability to offer accessibility and optionality to multilingual users around the world doesn’t stop at translations. To truly embrace the global nature of money, we must offer what’s familiar and safe to people across cultures,” reads Bitreserve’s website. The world’s most popular crypto-currency reserve and hedging company, Bitreserve, has added the ability to peg your bitcoins to silver, platinum, palladium and the Swiss franc. The company has also translated their website into Chinese (Mandarin), Japanese, Portuguese, Russian and Spanish to reach more international....
African crypto experts and entrepreneurs explain why the CFA franc is an uncomfortable currency and why Bitcoin is making waves as a replacement. Nearly 150 million people use the franc of the Financial Community of Africa (CFA) on a daily basis, from Senegal in the extreme west to Gabon in the center of the continent.Used in 14 countries, the CFA franc is pegged to the euro, printed in France and its monetary policy is controlled by Western powers. As Fodé Diop, a Bitcoin (BTC) Lightning developer hailing from Senegal details, “The IMF and the French government still control the....
This article will explore 2 questions: Has bitcoin bottomed yet? And, what does the aftermath of major bubbles bursting look like and its implications for price? Thursday, bitcoin had a relief rally in sympathy with most other commodities as the Swiss National Bank (SNB) de-pegged the Swiss Franc from the Euro. This was a surprise move by the SNB but was necessary as being pegged to the Euro has been killing the Franc as the Euro has been sinking against a strong dollar due to Eurozone economic malaise. A previous article written on this subject can be found here. There is a lot of....