The option, which expires at the end of March, gives the company a foothold in the U.S. ETF market as speculation whirls around the approval of a spot bitcoin product. Source
CoinShares Secures Option to Buy Valkyrie's ETF Unit
Tag: Option
Hi's Mastercard Debit Card Adds Option to Spend Sandbox's Token SAND
Cardholders of the hi Debit Mastercard, a partnership between crypto payments application hi and Mastercard, can now spend Metaverse platform Sandbox’s SAND token as a currency in eligible markets. Source
Crypto payment option for Honda cars only works via third-party platform
Major automobile manufacturer Honda does not accept cryptocurrency payments directly but one can use cryptocurrencies like Bitcoin (BTC) to buy a Honda car through a third party. In early October, several publications mistakenly reported that Honda started accepting cryptocurrency as payment. But Honda doesn’t allow one to purchase its cars in exchange for crypto, a spokesperson for the firm told Cointelegraph, stating: “American Honda does not accept cryptocurrency as payment. The recent reports regarding a change to this policy are incorrect.” Honda didn’t respond to additional questions on its stance…
Platforms Should Have Retail Payment Option for Digital Yuan CBDC
The director of Digital Currency Research Institute of the People’s Bank of China said that online platforms have the responsibility to adhere to the regulatory requirements. On Sunday, September 3, Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, emphasized the importance of wallet providers in enabling CBDC payment options across various retail settings. Mu’s comments come as China’s central bank digital currency (CBDC), the digital yuan, undergoes technological and business model enhancements. Speaking at the annual China International Service Trade Fair on Sunday,…
Platforms must provide digital yuan retail payment option
While China’s central bank digital currency (CBDC), the digital yaun, goes through technological and business model upgrades, wallet providers should facilitate payment options in all retail scenarios, according to a statement made by Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, on Sept. 3. In a speech at the annual China International Service Trade Fair, Mu said the digital yuan has “undergone a major upgrade” in terms of its “organizational forms” and business model. Now, it’s the turn of the payment tools to be upgraded.…
Circle’s Allaire Sees Stablecoins as Best Option for Yuan Internationalization
Although Allaire views stablecoins as a superior option to CBDCs, he said the two are complimentary. “If central banks are going to upgrade their own systems to move away from legacy technology into more modern distributed ledger technology, that’s great,” he told SCMP. “There’s a whole bunch of things that are useful from that, but I view that as very different than the work that the private sector does to innovate on the public internet.” Source
Bitcoin Preferred to Dollar and Yen as Safe-Haven Option amid Higher US Debt-Limit Default Risks
Amid mounting debt-limit default risks, US investors have turned to Bitcoin as ‘digital gold’ to better hedge their savings. Amid rising debt-limit default risks, Bitcoin (BTC) is the preferred safe-haven asset compared to other established global fiat currencies. A recent report stated that investors have turned to BTC to hedge their investments, compared to the US dollar, Japanese yen, or Swiss franc-yielding assets. In addition, Bitcoin’s growing popularity as a veritable option rivals that of gold now. The likelihood of a US debt default is at its highest point in recent times…
Warren Buffett Sees ‘No Option’ Other Than US Dollar as Reserve Currency, but Warns Fed Can’t ‘Just Print Money Indefinitely’ – Finance Bitcoin News
Warren Buffett, CEO of Berkshire Hathaway and one of the most renowned investors in the market, stated that he saw no viable option to become the world’s reserve currency besides the U.S. dollar. However, he warned about the dangers that printing too much money could bring to the strength of the currency in the future. Warren Buffett’s Only Valid Option for Reserve Currency Is the U.S. Dollar Warren Buffett, CEO of Berkshire Hathaway, also known as the ‘Oracle of Omaha’ due to his city of origin, gave his opinion about…
Liechtenstein Plans to Add Bitcoin as Payment Option for State, Prime Minister Daniel Risch Says: Report
The European Union is now finalizing its landmark licensing regime known as the Markets in Crypto Assets (MiCA) regulation – something that could draw to the region crypto firms seeking regulatory clarity. Although Liechtenstein is not a member of the bloc, it is part of the greater European Economic Area (EEA), to which the framework’s relevance can be extended. Source AddBitcoinDanielLiechtensteinMinisterOptionPaymentPlansPrimeReportRischState CryptoX Portal
Liechtenstein explores bitcoin payment option for government services
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Liechtenstein’s Prime Minister, Daniel Risch, has announced plans to allow citizens to pay for government services using bitcoin. In a May 7 interview, Risch stated that a bitcoin payment option is coming, without providing further details. The European microstate plans to accept payments in bitcoin and immediately convert them to Swiss francs, its national currency. This move follows similar initiatives by Swiss communities Zug and Lugano, where local authorities have made bitcoin payments legal for certain…