Animal Fat in Currency Notes? Switch to Bitcoin, It Won’t Offend You!
Over 130,000 signatures have been received for an online petition asking the Bank of England to change the material used to make its new £5 notes. New notes. The new £5 notes were unveiled with great fanfare at the Blenheim Palace in June 2016 and were displayed to the public at various events across the UK over the following months. The new note even has its own website and was launched into public circulation in September 2016, with an expectation to gradually the old £5 notes. The old £5 notes will cease to be legal tender and will not be accepted for transactions from May 2017 onwards.....
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The Central Bank of Sweden has announced plans to introduce its own digital currency in the next two years. The growing popularity of Bitcoin and its benefits has got the central banks across the world considering the pros and cons of implementing a digital version of their respective fiat currencies. None of the countries have so far come up with a solid plan, except for Sweden. The National Bank of Sweden — Sveriges Riksbank has earlier today announced its intention to launch Ekron, a digital currency as the country’s legal tender in the next two years. The plans to launch the digital....
The animal instinct of Dogecoin is very apparent these days, as the canine-themed crypto sustains its aggressive run that catapulted it to the highest it has been since May. Earlier today, the crypto registered a whopping 105% weekly gain though it shed 3.6% during the last hour at the time of this writing, trimming its […]
Zimbabwe has begun printing bond notes, allegedly pegged to the US dollar, as a means to curb inflation, as other countries turn to Bitcoin. In a resurrection of the African country’s currency not seen in seven years, the central bank is attempting to restart a Zimbabwean national currency, while simultaneously preserving its value from inflation. The new bond notes are pegged to the U.S. dollar, allegedly backed by a $200 million bond facility with Afreximbank, as a safeguard against rapidly losing its value to hyperinflation, as was the case with the nation’s last currency. Zimbabwe....
The world of finance and banking has not seen much innovation over the past 50-60 years. Money has stayed the same over the decades albeit there might be a different King or Queen on banknotes and coins. The biggest financial innovation in the banking sector today — in the UK at last — is the fact that 20 GBP notes will no longer be printed on paper, but will make the switch to polymer. Every so often, new bank notes are introduced to citizens of a certain country or region. Not because these bills will feature a different denomination than before, but simply because bills are printed on....
Reddit is introducing its own cryptocurrency. Known simply as "Reddit Notes," the company hired BitPay developer Ryan Charles back in September of this year to serve as Reddit's new "cryptocurrency engineer" and assist in the currency's integration. While Reddit Notes will not be available to users for some time, the social networking service is holding a special lottery in celebration of the digital currency's birth, saying that it will give away a hefty amount to various loyal site users. The company announced in a blog post last month: "To celebrate all of you and your contributions, we....