From Brazil To Turkey, Bitcoin Prices Hit All-Time Highs Around The World
This article also appeared in our Down The Rabbit Hole newsletter. If you want our news and analysis straight to your inbox, make sure you subscribe now! One bitcoin will always be worth 1 bitcoin, but its price relative to fiat currencies is an important indicator of how much people around the world value the opportunity to opt out of their legacy systems and begin transacting and storing value in a permissionless alternative. As the price of BTC rises relative to dollars, yen or rubles, it’s clear that the people living under these fiat economies feel they have reason to transition, at....
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From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both?
Bitcoin price hits a new record high in seven national currencies of 500 million people. Compiled by entrepreneur and market commentator Alistair Milne, exchange rate figures show that at this week’s highs, Bitcoin was worth more in seven currencies than ever before.Countries where #Bitcoin has hit a new ATH in their local currency: Brazil - pop. 209million Turkey - pop. 82m Argentina - pop. 44.5m Sudan - pop. 41m Angola - pop. 30m Venezuala - pop. 29m Zambia - pop. 17m Soon: Russia Colombia ... then all other fiat currencies— Alistair Milne (@alistairmilne) October 22, 2020 Milne:....
There's a brand-spanking-new bitcoin ATM available for bitcoin enthusiasts available in Brazil, according to a Tuesday announcement from San Diego-based Genesis Coin. Deployed by Coinverse, the Genesis1 ATM is located at the Shopping Nações Unidas at the World Trade Center building in São Paulo, Brazil. Coinverse starts their operations during a time when the world's eyes are fixed on Brazil with the ongoing World Cup games. "This launch comes at an ideal time and place to bring convenience and flexibility to the large number of international tourists who will be visiting Brazil during....
Would you believe it if someone tells you that the most advanced countries in the world are the ones that adopt new technologies sooner than the rest? If you did, then you might be wrong with a few things, especially mobile banking and Bitcoin adoption. Let's take Turkey for example. ING, the Dutch multinational banking and financial services company recently published a report titled "ING International Survey - The rise of mobile banking and the changing face of payments in the digital age" . The survey was conducted by ING along with Ipsos to understand the behavior of its existing and....
PayPal has been forced to cease operations in Turkey. The shutdown will go into effect on June 6. Turkey recently denied PayPal of a new license, which is required to operate within the country. According to TechCrunch, the reason for the denial was that PayPal does not localize all of their IT infrastructure inside of Turkey. To get a clearer picture of what’s going on in Turkey, Bitcoin Magazine reached out to Emre Kenci, CTO and co-founder of BTCTrader, which owns and operates Turkish Bitcoin exchange BTCTurk. Will Other Online Payment Providers Leave Turkey? According to Kenci,....