Mastercard will support select crypto into its network in 2021
In a blog post dated February 10, Mastercard said that it will start supporting select cryptocurrencies directly into its network in 2021. “We are preparing right now for the future of crypto. Mastercard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants and businesses to move digital value […]
“Thank me later”: Redditor leaked a month ago that Tesla “just bought 800 million worth of Bitcoin”
We noted that Tesla’s buy of $1.5 billion in bitcoin wasn’t a huge surprise to us yesterday. But it turns out we might not have been the only people who weren’t surprised by the purchase. That’s because a Reddit post that’s making its rounds on social media this morning appeared to leak that Tesla had […]
Tesla will accept Bitcoin payments
Electric vehicle giant Tesla plans to offer a new payment method for its cars: Bitcoin. The company also announced that it invested $1.5 billion into cryptocurrency, according to its 2020 SEC filings.
Central banks put wind at Bitcoin’s back
“Russia, Russia, Russia,” the current president used to sarcastically chastise opponents for wondering about 2016 election tinkering from Putin’s principality. Recent MAGA rallies featured “Covid, covid, covid,” with President Trump complaining that the press could think of nothing else. In investmentland, it’s “Bitcoin, bitcoin, bitcoin,” again knocking on dollar door number twenty thousand, where it […]
Why central bank digital currencies are a bad idea
Tomas Forgac, Mises Institute Central bank digital currencies (CBDC) are being sold with the narrative of protecting consumers who are increasingly moving to cashless payments. Some say that these cashless payments will rob us of the privacy advantages of cash while exposing us to bank runs, payment network blackouts, and foreign financial adversaries. Yet while these risks are […]
