China has become the frontrunner in developing a Central Bank Digital Currency (CBDC) among the world's biggest economies. China's central and provincial government is leading this initiative to promote global currency use. This trend is a significant challenge to the dollar-based financial system and currencies such as the Yuan (RMB) based on the U.S. dollar. Therefore, if you … [Read more...] about Digital Yuan Will Mitigate Dollarization in the Future
Cryptocurrencies Can Become the Most Potent Monetary Tool
Cryptocurrency is a mainstream digital asset, and financial institutions and investors face new risk profiles. One way to mitigate these risks is to have stablecoins in the mix, as they offer a layer of certainty not found with cryptocurrencies. As a result, if you have been thinking of investing in bitcoin, now is the time to do so on a trading platform like this trading … [Read more...] about Cryptocurrencies Can Become the Most Potent Monetary Tool
Central Bank Digital Currency – The Future Money
Unsurprisingly, China's central bank digital currency (CBDC) is already being dubbed the "People's Currency." Along with the prospect of a new type of domestic investment vehicle, it will offer a new level of control over personal assets for individuals. If you are on the fence about purchasing tokens or cryptocurrencies, use the official platform of Bitcoin Prime. The move … [Read more...] about Central Bank Digital Currency – The Future Money
What Factors Affect the Demand for a Particular Cryptocurrency in the Market?
Today, the world has significantly changed, and there have been a lot of technological advancements recently. One among them is Blockchain technology, which came into rice by using cryptocurrencies worldwide. You might be pretty familiar with the fact that there have been many cryptocurrencies around us lately. It is all because of their popularity on … [Read more...] about What Factors Affect the Demand for a Particular Cryptocurrency in the Market?
What is SHIB, and What Do You Need to Know About This Meme Token?
There are many cryptocurrencies globally, and not everyone is as prominent as Bitcoin. But, a meme token - Shiba Inu (SHIB), disrupted the industry with its meme origins, a vast ecosystem, and extreme price volatility. This token suddenly reached astounding popularity amongst all the crypto investors due to its affiliation with Elon Musk, as he has tweeted about Shiba Inu … [Read more...] about What is SHIB, and What Do You Need to Know About This Meme Token?