Business
Nigeria and Ghana are racing to adopt a central bank digital currency as they look to ride the wave of popularity of cryptocurrencies in West Africa's two largest economies.
Sep 22, 2021
1
31
Business
Facebook is ready to launch a digital wallet that would let users store cryptocurrencies, a senior company executive said in a US media interview Wednesday.
Aug 26, 2021
0
5
Business
Stablecoins are a type of cryptocurrency linked to an asset like the U.S. dollar that doesn't change much in value.
Jul 29, 2021
1
6
Business
Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year, but acknowledged an interest in cryptocurrency.
Jul 27, 2021
1
224
Business
The European Central Bank inched closer to a "digital euro" on Wednesday with the formal launch of a pilot project, but questions remain about potential pitfalls and benefits for eurozone citizens.
Jul 14, 2021
1
6
Business
Financial payments startup Square was at work Friday on a real-world wallet for safely pocketing bitcoin cryptocurrency.
Jul 10, 2021
1
204
Business
A senior US State Department official met El Salvador President Nayib Bukele on Wednesday and recommended the regulation of bitcoin once it becomes legal tender in the Central American country from September.
Jul 1, 2021
1
5
Business
The Middle East's first bitcoin fund launched on the Dubai bourse on Wednesday, with Canadian digital asset manager 3iQ Corp seeking to raise around $200 million in the offering.
Jun 23, 2021
1
2
Business
Cryptocurrency prices have fluctuated wildly in recent weeks as China intensifies a crackdown on trading and mining operations.
Jun 21, 2021
1
4
Business
Digital currencies skyrocketed during the pandemic and Texas doesn't want to be left out of a future boom in the industry.
Jun 11, 2021
1
10
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply. The other part of a nation's money supply consists of bank deposits (sometimes called deposit money), ownership of which can be transferred by means of cheques, debit cards, or other forms of money transfer. Deposit money and currency are money in the sense that both are acceptable as a means of payment.
Money in the form of currency has predominated in human civilizations from about 10,000 BCE on. Usually (gold or silver) coins of intrinsic value (commodity money) have been the norm. However, nearly all contemporary money systems are based on fiat money – modern currency has value only by government order (fiat). Usually, the government declares the fiat currency (typically notes and coins issued by the central bank) to be legal tender, making it unlawful to not accept the fiat currency as a means of repayment for all debts, public and private.
This text uses material from Wikipedia, licensed under CC BY-SA
