Cryptocurrency News by Bitcoin Romania, May 2021

Thu | 06.05.2021

FX & Currency

In this cryptocurrency era, things are moving faster than ever, so you'd better keep one eye constantly on the market changes. Find out what are the top performance leaders in the past 5 days.

4 IN 10 PEOPLE PLAN TO USE CRYPTOCURRENCY IN THE NEXT YEAR

Mastercard published on Tuesday the results of a survey it conducted online of 15,569 consumers in 18 countries in four regions worldwide between Feb. 26 and March 10. The research was conducted by The Harris Poll and Mastercard Global Foresights, Insights, and Analytics.

The company explained that “The Mastercard New Payments Index, conducted across 18 markets around the world, shows 93% of people will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year.” In addition, “nearly 90% of in-person transactions globally take place at a contactless-enabled merchant.”

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OVER 350 ATMs IN THE US

Bitcoin Depot, which runs a growing network of crypto teller machines in the U.S., has added 355 new kiosks only in the past month. In March, it announced the launch of 115. Its ATMs allow registered users with a wallet to acquire cryptocurrency. For amounts of less than $250, providing a phone number will be enough for identity verification.

The Atlanta-based company says it has installed over 2,500 crypto ATMs worldwide, most of which are in the U.S. The latest batch of 355 machines have been deployed in 40 U.S. states, 20 of which are in its home state of Georgia, 40 in Florida, 32 across North Carolina, 24 in Texas, and 23 new kiosks across California. Most locations are open 24/7.

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EBAY MAY ACCEPT CRYPTOCURRENCY FOR 187 MILLION BUYERS

Ebay CEO Jamie Iannone said in a CNBC interview on Monday that the company is looking at accepting cryptocurrency as a payment option.

He was asked about how Ebay is responding to the rise in popularity and adoption of bitcoin and other cryptocurrencies. The CEO replied:

"We are expanding the types of payments that we take. We now take Apple Pay and Google Pay. More choice for buyers … We will continue to look at other options, like cryptocurrency."

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GOLDMAN SACHS LISTS 19 'CRYPTO' STOCKS THAT CRUSHED S&P 500

Goldman Sachs released a research note last week listing 19 large-cap U.S. stocks with blockchain and cryptocurrency exposure that outperformed the S&P 500.

Ben Snider, the bank’s strategist and managing director, said: “Our screen yields 19 stocks with market caps greater than $1 billion … On average, these stocks have outperformed the S&P 500 by 34 percentage points year to date (+46% vs. +12%).” He noted that during the same time period, the price of bitcoin rose by 86% and Bloomberg Galaxy Crypto Index increased 156%.

The Goldman Sachs strategist elaborated:

"On average, these stocks have dramatically outperformed the S&P 500 during the last several months alongside the surge in the price of bitcoin."

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MORE VENEZUELANS TAKE REFUGE IN CRYPTOCURRENCIES

Earlier this week. Nicolas Maduro, president of Venezuela, announced a minimum wage raise through its Labour minister, Eduardo Piñate, in a public support rally to Maduro’s government.

The raise of 300% takes the minimum wage to an approximated value of three U.S. dollars monthly, a number that is insufficient to cover the basic needs of a family even for a day. According to ground reports, one kilogram of meat costs about $3.75, making this increase useless to tackle the devaluation of the local currency, the Bolivar, and the subsequent increase in prices.

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WHAT ARE CENTRAL BANK DIGITAL CURRENCIES?

What is a central digital bank currency?

CBDCs are essentially electronic cash.

Like traditional cash, they would give holders a direct claim on the central bank and allow businesses and individuals to make electronic payments and transfers.

Access to central bank money beyond physical cash has so far been restricted to financial institutions like banks.

 

Haven't we already been using digital cash?

Using a debit or credit card, or payment app, to purchase coffees or make payments in shops is a form of digital money.

But this is created by commercial banks, based on central bank money credited electronically to their accounts.

The difference is this form of digital cash is not as "risk-free" as a CBDC.

At commercial banks, you could lose your savings if a bank fails as governments usually only insure a certain amount.

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This article is provided by our Cryptocurrency Partner, Bitcoin Romania.  

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