A report released by Banco de España (BDE) has expressed their opinion that they have considered Bitcoin (BTC) is not an effective medium-of-exchange (MoE). They explained, “Bitcoin: A solution for payment systems or a solution in search of a problem?”, stated that decentralization requires a “process of intensive validation reducing system efficiency.”
Bitcoin has been utilized for the first time for the export deal of pesticides and fumigation products between Argentina and Paraguay. The service is always quoted in local currency. In this case, Bitcoin is just a vehicle to process the payment. The exporter receives Argentine pesos or dollars, and the buyer pays in local currency.
Liechtenstein has started offering cryptocurrency exchange service in government-owned post office counter in the country located in the city of Vaduz, announced on February 15th. In order to make it possible the partnership has been established between the post office with the largest cryptocurrency ATM network in Switzerland, Zug-based Värdex Suisse.
The legal uncertainty on cryptocurrency has been cleared-up by the Indonesian regulators which have decided that bitcoin now accepted as a tradeable commodity in the country. The Indonesian Trade Ministry Futures Exchange Supervisory Board (Bappebti) have issued the regulation and authorizes cryptocurrency trading in Indonesia as well it prescribes compliance rules.
A technology firms based in Japan, Rakuten has revealed that they’re going to expand the functionality of its payment app by adding the support for Bitcoin by March 2019. Previously, it was reported that Rakuten has successfully acquired a domestic bitcoin exchange named Minna no Bitcoin which provides the service of selling, buying and trading Bitcoin in Japan to its users.
Now if you catch a taxi in London you can pay through crypto. FastBitcoin have become the payment service for the entire process which allows Jenkins to spend his Bitcoin asset. Jenkin has added that he is willing to educate the Londoners about Bitcoin so they could also have payment alternative method for public transportation.
Zhao Dong the Chinese investor who made himself billionaire by investing in Bitcoin predicts that the market will start growing in 2020 and Bitcoin is likely to reach $50,000 by 2021. This is consistent with predictions by Litecoin founder Charlie Lee. 2019 might become a year for cryptocurrency growth from the bearish hibernation.
A cryptocurrency payments platform, Bitrefill has become the connecting bridge for Tinder user and cryptocurrency as they have introduced the service to pay for Tinder subscription in Bitcoin. This indicates the effort to accelerate cryptocurrency adoption seriously as they have also allowed the crypto enthusiasts to purchase for Google Play or Apple iTunes gift card using cryptocurrencies.
After Craig Wright expresses claim on Bitcoin which the nChain executive published a blog post repeating his claim, has provoked Wikileaks to launch a Twitter war against his claim as Bitcoin creator. Wright alleged Bitcoin and anarchy were contrary to one another, and use should only occur within a broad context of “the law.”
2019 Carnaval do Rio de Janeiro, which will be held in the week of March 2 – 9. The choreographers will draw attention to the saving and investing of money through bank deposits, financial instruments and other means and trace history of money, from the first metal coins and paper bills to modern day cryptocurrencies.