P21-BLOG

By: Benscha
Posted: Monday, April 18, 2016 - 17:06

The National Assembly of Ecuador has effectively banned bitcoin and decentralized digital currencies while establishing guidelines for the creation of a new, state-run currency.

By: Benscha
Posted: Monday, April 18, 2016 - 17:08

Voices of Liberty’s Joe Gressis speaks with economics professors George Selgin and William J. Luther, and cryptocurrency enthusiasts Andreas Antonopoulos, Amanda Billyrock and Mark Friedenbach regarding the the future of money and how cryptocurrencies could affect the global landscape.

By: Benscha
Posted: Monday, April 18, 2016 - 17:28

Richard Gendal Brown, IT-Architect for IBM UK in charge for innovation in banking and financial markets, discusses why the payment card system works the way it does – and why Bitcoin isn’t going to replace it any time soon.

By: Benscha
Posted: Monday, April 18, 2016 - 17:12

With advent of new digital currencies such as Bitcoin, their acceptance rate is growing rapidly with each passing day. People are even starting to use bitcoins not only for online purchases, but also in the offline world. For example, in many places you can now pay for a hotel room or cup of coffee in a café with bitcoins. According to coinmap.org, there are currently around 5,000 offline places where you can spend your bitcoins, and that number is quickly growing. Bitcoin software development is also moving forward by leaps and bounds, with many different wallet applications available today. 

By: Benscha
Posted: Monday, April 18, 2016 - 23:46

Cointelegraph.com features Torsten Hoffmann, the German-Australian producer and director of the documentary “The End of Money As We Know It”. His article on what the Bitcoin community can do to improve the image of the cryptocurrency recommends a pragmatic approach:

By: Benscha
Posted: Monday, April 18, 2016 - 23:48

A financial engineer’s proposal for an elastic monetary base

By: Benscha
Posted: Monday, April 18, 2016 - 23:53

Will digital cash overtake traditional currencies?

One of the most heated debates in the Bitcoin community today is whether crypto coins such as Bitcoin will ever triumph over the mighty USD to become the world’s primary means of payment for cross-border transfers. Reading through numerous threads and blogs, our research shows that many Bitcoin enthusiasts believe this scenario is not only possible, but is bound to happen in the not-so-distant future.

Powerful currencies have fallen in the past

By: Benscha
Posted: Tuesday, April 19, 2016 - 00:01

Comparing and contrasting two forms of money transfers

By: Benscha
Posted: Monday, April 18, 2016 - 23:50

How banks can benefit from Bitcoin technology

By: Benscha
Posted: Tuesday, April 19, 2016 - 00:14

How Bitcoin Can Bring Complementary Currencies Back Into the Spotlight

By: Benscha
Posted: Tuesday, April 19, 2016 - 00:16

The story about Ronald from Kampala, Uganda who receives bitcoin from his family in the US to support his education.

By: Benscha
Posted: Tuesday, April 19, 2016 - 00:26

In this article we look at the different aspects of the definition of Bitcoin that have emerged so far and try to differentiate it from the traditional definition of a currency.

By: Benscha
Posted: Tuesday, April 19, 2016 - 00:29

Here we provide a simple comparison of definitions in different jurisdictions including Germany, UK, USA, Japan, Canada, China, Singapore, India, Russia, Switzerland, Sweden, Norway, New Zealand, Finland, Brazil, Estonia, and Denmark.

By: Benscha
Posted: Tuesday, April 19, 2016 - 00:41

In this article we provide a simple comparison of VAT (Value Added Tax) in different jurisdictions including Germany, UK, USA, Japan, Canada, China, Singapore, India, Russia, Switzerland, Sweden, Norway, New Zealand, Finland, Brazil, Estonia, and Denmark.

By: Benscha
Posted: Tuesday, April 19, 2016 - 00:43

Many comments have been devoted to Bitcoin’s contribution in simplifying the legacy clearing and settlement system; but surprisingly, most of these articles lack a fundamental explanation to the mechanism of global payment system and the roles of central banks in global payment system. This article tries to bridge that knowledge gap and provide a simplistic description of the global payment systems.

Begin accepting digital payments in 5 easy steps