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Showing posts with the label fiat

Bitcoin can replace traditional currency within a decade

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According to scientists of the Imperial College of London, cryptocurrencies are "the next natural step" in the development of the world economy, according to an article on the portal Newsbtc.com. The study, described by the Independent, presents the results of Professor William Nottenbelt and Dr. Zeynep Gurguk. They argue that digital currencies such as Bitcoin and Ethereum have already passed one out of three fundamental tests in order to become a real currency: to act as a monetary contribution. They refer to three main criteria for the ... Read more about " Bitcoin can replace traditional currency within a decade " on coinatory.com

Binance launches operations with fiat in Uganda

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Changpeng Zhao, general manager and founder of Binance, said that the company is going to open a currency exchange in Uganda. On Thursday, Binance announced the beginning of support for the Ugandan shilling. The subsidiary company will be called Binance Uganda. Therefore, it may be easier to use cryptocurrency as a form of currency instead of trying to achieve opening bank accounts. In addition, the low standard of living of the population became a reason for a rapid assessment of the possibilities of working with digital money: a tangible ... Read more about " Binance launches operations with fiat in Uganda " on coinatory.com

Credit for bitcoin. Why is it advantageous to use cryptocurrency as collateral

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Laying bitcoin during the "bear market" is the only way to get money without losing money due to a depreciation. Loans secured by collateral become relevant. Most often, borrowers take money against auto, real estate and jewelry. You can talk a lot about the ethical side of the issue, but for 4000 years, since Sumerian civilization, the very form of issuing loans on bail has not changed much, only collateral has changed. At first, it could be cattle, plots of land, houses, luxury goods, then shares, bonds, and other securities were added ... Read more about " Credit for bitcoin. Why is it advantageous to use cryptocurrency as collateral " on coinatory.com