Given its advantages in global payments—including the decentralized design, lack of foreign exchange exposure, the ability to make money far faster and cheaper than current systems, and that it offers secure payment channels and traceability—the report concludes that “Bitcoin's global reach and neutrality could spur it to become the currency of choice for international trade.”
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Markets Report: Bitcoin bounces back near $50K as Citi U-turns on skepticism
A surprise vote of confidence from one of Bitcoin’s best-known naysayers provides the backdrop to a return of bullish sentiment
After hitting local lows of $43,000 in recent days, Monday is seeing a renaissance in momentum on Bitcoin markets, with even Bitcoin-skeptical Citibank flipping bullish on long-term prospects.
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Facebook is joining Apple and Google in coming after Citibank and Chase
The social media giant’s Libra cryptocurrency is about a lot more than just payments
The tech giants are coming for the banks. If there’s one message to be taken out of Facebook’s aggressive push into blockchain-based payments via its new cryptocurrency, libra, it’s that Facebook is now also a FinTech company.
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As Facebook moves aggressively into crypto, challenges await
The social media giant is getting serious about its stablecoin, says CFTC Chair Giancarlo
Facebook has begun talking to U.S. regulators about getting approval for its forthcoming stablecoin cryptocurrency, said to be referred to as “GlobalCoin” at Facebook.
