Binance, an Asian based cryptocurrency exchange is undoubtedly one of the biggest cryptocurrency exchanges available in the cryptosphere today. Its centralized exchange operations are backed by technologies that have not only made it a go-to trading platform but has also built trust in terms of ease of use. In light of advancing the company’s market … Continue reading Binance Now Accepts Fiat Payments Through Alipay and WeChat
At the Eurasia Blockchain Summit Istanbul, Huobi Global declared its ambition to launch a crypto trading platform for Turkish users, which will start with Turkish Lira (TRY) / USDT pairing and which they hope will enable users to exchange more crypto assets with greater liquidity. According to the press release, Huobi claimed that a fiat … Continue reading Huobi Announces Plan To Launch A Fiat Gateway For Turkish Users
Facebook has welcomed the ideas of using national currency – pegged stablecoins for its upcoming launch of Libra. Reuters reported on Oct 20 that David Marcus, the head leading the Libra project for Facebook, suggested that the project could use alternative stablecoins in replacement of the initially proposed token. At a banking seminar earlier in … Continue reading Facebook Considers Fiat-pegged Stablecoins for Libra
Innovation has become decentralized globally, with several countries making significant progress while others have struggled with infrastructure and macroeconomic issues. Several factors like state-of-the-art infrastructure, corporate investment, favorable government’s incentives, and policies, and others affect a country’s perception. According to MERIC’s new survey, the US continues to dominate in the blockchain innovation landscape by 34%. … Continue reading South Korea Intensifies Blockchain in Banking but Rules Out Digital Fiat Currency
At the moment the crypto community seems too busy to notice the recent addition of Lira, Turkish fiat currency to enable trading against Bitcoin, Ethereum, and XRP on the Binance web platform. However, it is only possible to buy with the fiat currency. The selling option is yet to be enabled at press time. The … Continue reading Binance Adds Its Sixth Fiat-To-Crypto: The Turkish Lira
Ernesto Vila, CEO of Consol Freight, presented at the November 2019 Malta AI and Blockchain Summit. Vila was tasked with commenting on the startup investor landscape and questioned if the blockchain sector was different from traditional tech. “For sure, there are two different aspects to crypto versus traditional fintech,” he said. “Crypto investors are used … Continue reading Consol Freight CEO talks crypto, fiat investments and protestors at Malta AI and Blockchain Summit
Central banks are scrambling to react to the rise of cryptocurrencies. The new form of money appears to test the powers of central banks. In an interview with media house personalities, Jalak Jobanputra – the Managing Partner at Future Perfect Ventures – discussed the significant shifts taking place in the banking sector. Central banks have gained greater interest to adopt fiat-backed … Continue reading Central Banks Race to Adopt Fiat-Backed Cryptocurrencies
Murilo Portugal, the President of the Brazilian Banking Federation, has argued that cryptocurrencies like Bitcoin and Ethereum are not real currencies. Portugal was speaking at a debate associated with the impact of the digital revolution redefining financial sector. The debate focused on disruptive technologies, how their deployment and use is affecting the traditional financial ecosystem. … Continue reading Brazilian Banking Federation President Claims Crypto Cannot Replace Fiat Money
EU leaders have come into an agreement on an unprecedented plan to jointly borrow €750 billion to be used for the recovery of the coronavirus pandemic, which has taken over 135,000 lives in the EU. The recovery fund spearheaded by the EU is made up of €390 billion in grants and €360 billion in loans, … Continue reading EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto
China has not always been friendly towards cryptocurrencies, however, the country has not completely banned Bitcoin, according to the Beijing Arbitration Commission. In 2017, China completely banned Bitcoin exchanges in the country but this did not stop initial coin offerings and virtual currency trading. Without Bitcoin exchanges operating in China, traders turned to foreign exchanges … Continue reading China Clarifies its Stance on Bitcoin: Legal if the Crypto Does Not Act as Alternative to Fiat