While more and more people are learning about Bitcoin (BTC) and other cryptocurrencies, there is a still a lack of places that accept it as a payment method.
Crypto debit cards are one solution to that problem.
And while there are some clear benefits of them, there are some drawbacks you need to know about too – which aren’t all that clearly communicated.
In this post, I’m going to summarise what I consider these pros and cons to be.
Wondering if the UK has a central bank digital currency (CBDC) or if there are plans to introduce a digital pound in the future?
You’ve come to the right place.
Sifting through the countless research papers and news announcements about the potential for a UK CBDC is enough to make anyone’s head spin. In this article, I’ve outlined the history of CBDCs in the UK and what we know about the Bank of England’s plans for the future.
Let’s get started.
A CBDC, or central bank digital currency, is a type of virtual money that’s issued and backed by a central bank, like the Bank of England. There are only a handful of CBDCs that are currently in circulation, but dozens of countries around the world are exploring the possibility of taking their national currency digital in the coming years.
But are CBDCs actually a good idea? What are the pros and cons of using CBDCs in our everyday lives?
In this post, I’ll brought together some of the best arguments for and against the creation of CBDCs. From financial inclusion to privacy concerns, here’s what I think you need to know about the advantages and disadvantages of central bank digital currencies.
Central bank digital currencies (CBDCs) are a bit of a hot topic in the financial community right now.
Broadly speaking, they’re a type of digital money that’s designed to replicate the government-backed fiat money that we already use in our day-to-day lives.
But how do CBDCs even work? And how do CBDCs differ from cryptocurrencies like Bitcoin (BTC)?
In this post, I’ll go through exactly what CBDCs are, how they work, and what makes them different from cryptocurrencies like bitcoin, as well as stablecoins.
Let’s get to it.
Bitcoin and other cryptocurrencies are gaining popularity around the world. But even despite rising numbers of crypto traders across the globe, there are still counties that ban cryptocurrencies.
Trastra is a European fintech company that offers a number of crypto-related tools including its flagship Trastra Card. The Trastra Card is a crypto-backed Visa debit card that lets you quickly convert your coins and tokens into a spendable Euro (EUR) cash balance.
In this Trastra Review, I’m going to take you through everything you need to know about this card and how it works. I’ll discuss every aspect of the Trastra Card, including its fees, features, limits, and more.
Looking to buy Solana (SOL) in the UK?
Check out this post for a quick list of where you can buy it with GBP in 2023.
Whether you’re interested in the technical aspects of blockchain technology, the current state of Bitcoin, or the next up and coming cryptocurrency, podcasts are a great source of information for all things crypto.
However, with so many to choose from – and more coming online every month – knowing which ones are worth your time is often easier said than done.
If you’re after the best cryptocurrency podcasts to improve your crypto-knowledge, but don’t know where to begin, then stick around and continue reading.
Looking to buy Synthetix (SNX) with GBP in the UK?
Check out this quick list of the best places where you can buy it in the UK.
Looking to buy Pax Dollar (USDP) in the UK?
Check out this quick post for an overview of where you can buy USDP from in the UK.
Note: this was previously known as Paxos Standard (PAX), so you might have to search for this in some places still.