Do crypto, CBDCs, stablecoins together spell 'demise of cash'

2021-11-13 05:30

The Covid-19 pandemic had far-reaching effects on not only the global psyche but also the economy and how business is conducted. One important aspect of this has been the slow disappearance of cash, aThe post Do crypto, CBDCs, stablecoins together spell 'demise of cash' appeared first on AMBCrypto.

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cash stablecoins crypto cbdcs together spell demise

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Pro-crypto senator agrees that stablecoins must be backed by cash

The issue of whether or not stablecoins are safe to use if they are not backed by cash became a very hot topic recently after the SEC chair, Gary Gensler, first gave voice to the matter. Now, his views are seemingly mirrored by Cynthia Lummis, a well-known pro-crypto Republican Senator, indicating that Lummis shares Gensler’s […] The post Pro-crypto senator agrees that stablecoins must be backed by cash appeared first on Invezz.

2021-10-4 17:01


China Has No Final Date for Launch of e-CNY, the ‘Cash Substitute’ with Smart Contract Feature Aiming for Internationalization

Declining use of cash and rapid rise in crypto, especially stablecoins, drove POC’s digital fiat development, which will coexist with physical RMB. In its whitepaper, e-CNY claims to offer anonymity for small value and collects less transaction information than traditional electronic payment unless, of course, “stipulated otherwise in laws and regulations.

2021-7-17 19:04


BlockFi Adds New On-Ramp, Allowing Customers to Use Cash Deposits to Buy BTC

The cryptocurrency-focused financial company BlockFi said it now has a newly enabled feature that allows its customers to buy Bitcoin (BTC) with cash. Before, the Jersey City-based crypto lender, only allowed users only to transfer their digital assets [BTC, ETH, LTC, and stablecoins USDC, GUSD] onto the platform from wallets and exchanges. But after today's […]

2020-3-10 21:18


Tron Partners With Tether to Launch TRC20-Based Stablecoin

Tether (USDT), the seventh most valuable crypto asset by market cap, has shrugged off attempts by newer stablecoins to usurp it. Now, a new version of tether is coming to the Tron network. Also Read: Gibraltar Exchange to List Bitcoin Cash Fiat Trading Pairs Tether to Trade on Tron Tron is officially partnering with Tether […] The post Tron Partners With Tether to Launch TRC20-Based Stablecoin appeared first on Bitcoin News.

2019-3-5 01:30


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BitPay-Pal? BitPay Introduces Settlement in USD-Pegged Stablecoins

BitPay, purportedly the largest blockchain payments provider, will allow merchants to accept settlements in USD-pegged stablecoins. Gemini Dollar and USD Coin Get the Green Light The leading blockchain payments provider BitPay announced that it will allow merchants to receive settlement in USD-backed stablecoins, namely the Gemini Dollar (GUSD) and Circle’s USD Coin (USDC).

2018-10-16 08:00