PayPal debuts US dollar-backed stablecoin for payments
PayPal on Monday launched a stablecoin digital currency backed by US dollars to be used for transactions at its global online payments platform.
Aug 8, 2023
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PayPal on Monday launched a stablecoin digital currency backed by US dollars to be used for transactions at its global online payments platform.
Aug 8, 2023
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Financial technology experts agree that some form of digital payment system by the U.S. central bank is inevitable, although opinions diverge on the form it should take.
Oct 28, 2020
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Bitcoin breached the $60,000 mark for the first time since April on growing optimism that American regulators will greenlight the first US futures exchange-traded fund for the cryptocurrency.
Oct 15, 2021
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The Bank of Jamaica is preparing to issue a nationwide digital currency for the first time in its history following recent approval from legislators.
Jun 7, 2022
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A digital euro should be a reality within five years, European Central Bank president Christine Lagarde said Wednesday.
Jan 13, 2021
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The total value of all bitcoin topped $1.0 trillion on Friday, capping a spectacular record-breaking week for the world's most popular cryptocurrency.
Feb 19, 2021
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Virtual currency bitcoin—which broke the $20,000 barrier in trading for the first time Wednesday—morphed from an academic paper to one of the world's most closely-watched crypto currencies.
Dec 16, 2020
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Cryptocurrency prices have fluctuated wildly in recent weeks as China intensifies a crackdown on trading and mining operations.
Jun 21, 2021
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First he loved them, then he doubted them, but is he manipulating them? Tesla boss Elon Musk's tweets about cryptocurrencies like bitcoin are annoying their devotees and raising eyebrows among market watchers.
May 21, 2021
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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
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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