Nigeria, Africa’s most populous nation and largest economy, is currently facing a financial crisis that has underscored the importance of cryptocurrencies for its population of over 219 million. Despi...
Tag: Cashless
Nigeria’s cashless bid pushes Bitcoin premium to 63%
The Bitcoin premium has reached 63% in Nigeria. Restrictions on cash withdrawals paired with a push towards a cashless economy led to an increase in demand for BTC. The recent effort of the Central B...
Bitcoin sells at a 60% premium in Nigeria as the government shifts to a cashless policy – Cryptopolitan
Bitcoin’s price in Nigeria has exponentially risen beyond its global market levels as the Central Bank of Nigeria(CBN) promotes digitalized cash. At the time of writing, the cost for one Bitcoin is 17...
Norway Going Cashless With CBDC
The Scandinavian nation has been working on CBDC since 2016. Major banks in the country have refused cash payments. Norway, along with Israel and Sweden, to be a part of Project Icebreaker in late 2...
State Bank of Vietnam (SBV) notes progress made in driving cashless payments
In a Dec. 28 press release, the State Bank of Vietnam (SBV) said significant progress has been made in recent years to stimulate growth of cashless payments in rural and inaccessible areas of the coun...
Inside Nigeria’s Ambitious Push of Cashless Society, eNaira CBDC
Nigeria’s push to adopt digital currency and move towards a cashless society shifted into high gear on December 6, when the country’s central bank announced a cap on cash withdrawals, either over the ...
What Would a Cashless Society Look Like?
Since the beginning of time, people have been seeking evolution. There was always the feeling that everything could be done better, faster, cheaper, or safer. We don’t have to rely on pigeons to del...
Bitcoin miner Argo in trouble after failed strategic investment leaves it cashless
Argo Blockchain, one of the largest public Bitcoin mining companies on the market, is facing a cash shortage that could force it to shut down in the near future. According to an October 31 press relea...
Introducing Digital Euro to Protect Monetary Sovereignty amid Cashless Tendency: Lagarde
Christine Lagarde, the President of the European Central Bank, and Fabio Panetta, a member of the ECB’s Executive Board, have shared their thoughts on the need for the digital Euro amidst the waning i...
Cryptocurrencies as a means to a cashless society
The report is called “Fear and favouring of digital currency” and aims to study the sentiment of different realities that make up the economic system, with a view towards the future cashless society. ...
Can Crypto Deliver on Private Transactions in Cashless World?
Right now, the simple answer is no – crypto cannot deliver on similar privacy to cash. There are currently too many issues that prevent crypto transactions from replacing the fiat transactions of the ...
Thousands Of Cashless Russians Stranded Overseas Amid Flight Cancellations
Topline Thousands of Russian tourists are stuck overseas, running short on cash and without functioning credit cards after their flights back home were canceled following Western sanctions on Russia o...