US e-cash: Bill proposes digital currency that replicates cash, bypasses the Fed
A United States House bill proposes a Treasury-issued, hardware-secured and anonymous form of digital cash. The Electronic Currency and Secure Hardware Act (ECASH Act), introduced today in the United States House of Representatives, could herald a new direction in government-sponsored digital currencies.The legislation calls for the U.S. Secretary of the Treasury to develop and pilot an electronic version of the U.S. dollar that is easy to use for the economically marginalized or technically challenged. It would also “maximize” consumer protection and data privacy, according to its....
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Spare app has added Bitcoin payment support, allowing users to cash out in national currencies in select U.S. regions using any iOS device. Spare: Cash Out Bits at Your Local Store. Spare, an alternative finance app that allows users to withdrawal cash on-the-go through various merchant locations, now supports Bitcoin. Using the Spare app, users can now cash out their bitcoin at certain local stores. The services is currently available in certain parts of the U.S, including New York, Colorado, New Jersey, Philadelphia, and Washington DC. While there are currently a few alternatives to cash....
While think-tanks and central banks increase calls to minimize the amount of physical cash in circulation, many citizens are doing the opposite and stuffing cash under the mattress. We consider this trend and the developing downtrend in the benchmark S&P500 Index. Contrary to the sense of many anti-establishmentarians and critics of fiat, a tendency toward cash hoarding is becoming apparent in various regions of the globe. Why are people doing this, and why are the captains of finance opposing the phenomenon? Lawrence Summers, former economic adviser to President Obama and Treasury....
A controversial bill to ban the use of cash for transactions over $10,000 has been voted out by the Australian Senate A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous Senate vote. One Nation Senator Malcolm Roberts brought the motion to remove the bill today after more than a year of trenchant opposition to it from a cross section of the community, including cryptocurrency proponents. Many saw it as infringing on Australians’ rights and freedom to use cash and to protect the privacy of their transactions. Early....
Your cash has never been more valuable. Amazon is set tolaunch its Amazon Coin this month. It's an interesting move and one that paves the way for other retailers to soak up a lot of cash with very little effort. There's nothing new about companies offering gift tokens, but this is currency -- and word has it that several other large brands are developing their own versions to be wrapped in their own corporate identities. As a customer, you'd be offered cheaper goods for using their currency. For example, with Amazon Coins, you might pay less for a product than if you paid with cash. So....
For quite some time now, bitcoin cash users have been leveraging the web portal read.cash in order to write blog posts, connect with like-minded individuals, and earn bitcoin cash for providing popular content. Now the creators of read.cash have introduced another application called noise.cash, which is similar to the parent platform, but allows people to make noise using much shorter messages. Microblogging and Bitcoin Cash Tipping Bitcoin cash (BCH) supporters have been recently introduced to a new platform created by the read.cash creators. News.Bitcoin.com has reported on the....