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Payments Startup Raises $80M In Funding From SBI Group, Visa Invest And Others
Blockchain News16 hours ago

Payments Startup Raises $80M In Funding From SBI Group, Visa Invest And Others

Data From LocalBitcoins Shows China’s BTC Volume on Hits 2-Year Low
Bitcoin News18 hours ago

Data From LocalBitcoins Shows China’s BTC Volume on Hits 2-Year Low

Former Bakkt CEO Who Is Now A Senator Loeffler Delays Disclosing Assets
Bitcoin News20 hours ago

Former Bakkt CEO Who Is Now A Senator Loeffler Delays Disclosing Assets

Dump Tron now
Blockchain News21 hours ago

If you own Tron, dump it in the name of Kobi!

Cash is unlikely to disappear anytime soon despite declining use as a payment method and the surge of digital currencies, Germany’s largest bank says. Deutsche Bank, a German multinational investment bank that previously predicted that cryptocurrencies will replace fiat by 2030, now claims that cash “will be around for a long time” as a preferred method of payment. The bank has forecast a tentative future for cash in one of its recent “The Future of Payments” reports carried out by Deutsche Bank’s research arm Deutsche Bank Research. Titled “Cash: the Dinosaur Will Survive … For Now,” the report was issued on Jan. 21 and represents the first part of a series of reports on the future of payments. The second part, called “Moving to Digital Wallets and the Extinction of Plastic Cards,” was published on Jan. 23, while the third and final part of the series, “Digital Currencies: the Ultimate Hard Power Tool,” was issued on Jan. 27. Despite expressing its confidence that cash will remain a major payment method in the near future, Deutsche Bank admits to a growing role for the ongoing digital payment revolution. The bank wrote in its “Cash” report: “In this report, we argue that cash is unlikely to disappear anytime soon. However, a real digital payment revolution has been underway for the past ten years. Cash is losing ground as a payment method. Several countries have recently removed large notes worth $100 or more and implemented policies to replace traditional payment methods with digital solutions. In the midst of these changes, non-sovereign cryptocurrencies pose a threat to political and financial stability.” As part of the cash-focused report, Deutsche Bank Research conducted a survey indicating that a third of people in developed countries consider cash to be their favorite, while more than 50% are sure that cash will always be around. Additionally, the bank found out that Germans hold the highest average rate of cash among advanced economies, which accounts for 52 euro or about $57 at press time. According to Deutsche Bank, Germany plans to use even more cash in the coming six months. Deutsche Bank further outlined that the future of cash will greatly depend on further developments in China and India, which are the world’s two most populous countries. Specifically, the bank emphasized that both countries have been encouraging greater use of digital currencies and blockchain. As such, China's President called for the country to accelerate its blockchain adoption in late 2019, while India’s securities regulator recently urged on Jan. 23 that exploration of the best possible usage of blockchain in securities markets. As China has reportedly seen progress with its government-backed digital currency, Deutsche Bank warned that the adoption of such a currency poses a serious threat to the United States dollar: “China is working on a digital currency backed by its central bank that could be used as a soft- or hard-power tool. In fact, if companies doing business in China are forced to adopt a digital yuan, it will certainly erode the dollar’s primacy in the global financial market.” As to the growing trend of crypto and blockchain industry, Deutsche Bank has also been actively working in the developments in this area. In September 2019, Deutsche Bank joined JPMorgan’s blockchain-based network, the Interbank Information Network to reduce the cost of processing difficult payments and offer better client services.
Altcoin News22 hours ago

Deutsche Bank Says Cryptocurrencies Won’t Replace Cash In Near Future

Cryptocurrency And Blockchain News Update 27th January 2020
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Cryptocurrency And Blockchain News Update 27th January 2020

Crypto and Blockchain Firms Are Set To Help Coronavirus Victims
Exchange news2 days ago

Crypto and Blockchain Firms Are Set To Help Coronavirus Victims

A Single Wallet Owns 27% of Ether Behind MakerDAO’s Sai Stablecoin
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A Single Wallet Owns 27% of Ether Behind MakerDAO’s Sai Stablecoin

Prime Minister Of India Gives Crypto App Creator Award While Supreme Court Deliberates on Ban
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Prime Minister Of India Gives Crypto App Creator Award While Supreme Court Deliberates on Ban

Nasdaq Looks Into A Bitcoin Futures Product
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Nasdaq Looks Into A Bitcoin Futures Product

A Blockchain Programmer Operates AFull Bitcoin Node on A Tesla Car
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A Blockchain Programmer Operates AFull Bitcoin Node on A Tesla Car

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E-Learning Platform Coursera Has 21 Bitcoin-Related Courses

The CEO Of Ripple Drops A Hint About An IPO
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The CEO Of Ripple Drops A Hint About An IPO

ConsenSys Seeks To Construct A Global Trade Platform For Agribusiness Giants
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ConsenSys Seeks To Construct A Global Trade Platform For Agribusiness Giants

Lancashire Cricket Club Is Using A Blockchain Platform to Sell Tickets
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Lancashire Cricket Club Is Using A Blockchain Platform to Sell Tickets

Research Firm and Environmental Agency Is Testing World’s First Air Quality Ledger
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Research Firm and Environmental Agency Is Testing World’s First Air Quality Ledger

The Effect CME Futures Options Has On BTC Price May Depend On Halving
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The Effect CME Futures Options Has On BTC Price May Depend On Halving

RIPPLE TOPS LIST OF BLOCKCHAIN CAPITAL RAISERS IN 2019
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RIPPLE TOPS LIST OF BLOCKCHAIN CAPITAL RAISERS IN 2019

Circle CEO says Stablecoins Need Open Standards to Transform Commerce
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Circle CEO says Stablecoins Need Open Standards to Transform Commerce

MIT Research Group Looks Into Testing A Central Bank Digital Asset
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MIT Research Group Looks Into Testing A Central Bank Digital Asset

Binance Research Finds ETH Is the Highest Correlated Asset in Crypto
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Binance Research Finds ETH Is the Highest Correlated Asset in Crypto

Crypto Insurance May Soon Become the Norm
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Crypto Insurance May Soon Become the Norm

Has Facebook’s Libra Made People Reconsider USD As Global Reserve Currency
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Has Facebook’s Libra Made People Reconsider USD As Global Reserve Currency?

Chainalysis Research Shows Exchanges Improving Security While Hackers Refine Attacks
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Chainalysis Research Shows Exchanges Improving Security While Hackers Refine Attacks

Litecoin Is Not ‘Digital Silver’ According To Report
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Litecoin Is Not ‘Digital Silver’ According To Report

Chainalysis Research Shows Exchanges Improving Security While Hackers Refine Attacks
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Research Firm and Environmental Agency Is Testing World’s First Air Quality Ledger

ConsenSys Seeks To Construct A Global Trade Platform For Agribusiness Giants
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Circle CEO says Stablecoins Need Open Standards to Transform Commerce
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Circle CEO says Stablecoins Need Open Standards to Transform Commerce

RIPPLE TOPS LIST OF BLOCKCHAIN CAPITAL RAISERS IN 2019
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RIPPLE TOPS LIST OF BLOCKCHAIN CAPITAL RAISERS IN 2019

Crypto Insurance May Soon Become the Norm
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Crypto Insurance May Soon Become the Norm

A Blockchain Programmer Operates AFull Bitcoin Node on A Tesla Car
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A Blockchain Programmer Operates AFull Bitcoin Node on A Tesla Car

A Single Wallet Owns 27% of Ether Behind MakerDAO’s Sai Stablecoin
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A Single Wallet Owns 27% of Ether Behind MakerDAO’s Sai Stablecoin

The Effect CME Futures Options Has On BTC Price May Depend On Halving
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The Effect CME Futures Options Has On BTC Price May Depend On Halving

Has Facebook’s Libra Made People Reconsider USD As Global Reserve Currency
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Has Facebook’s Libra Made People Reconsider USD As Global Reserve Currency?

Binance Research Finds ETH Is the Highest Correlated Asset in Crypto
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Binance Research Finds ETH Is the Highest Correlated Asset in Crypto

Crypto and Blockchain Firms Are Set To Help Coronavirus Victims
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Crypto and Blockchain Firms Are Set To Help Coronavirus Victims

Cryptocurrency And Blockchain News Update 27th January 2020
Altcoin News1 day ago

Cryptocurrency And Blockchain News Update 27th January 2020

Litecoin Is Not ‘Digital Silver’ According To Report
Altcoin News5 days ago

Litecoin Is Not ‘Digital Silver’ According To Report

Nasdaq Looks Into A Bitcoin Futures Product
Bitcoin News2 days ago

Nasdaq Looks Into A Bitcoin Futures Product

Bitcoin News3 days ago

E-Learning Platform Coursera Has 21 Bitcoin-Related Courses

Lancashire Cricket Club Is Using A Blockchain Platform to Sell Tickets
Blockchain News4 days ago

Lancashire Cricket Club Is Using A Blockchain Platform to Sell Tickets

MIT Research Group Looks Into Testing A Central Bank Digital Asset
Blockchain News5 days ago

MIT Research Group Looks Into Testing A Central Bank Digital Asset

Prime Minister Of India Gives Crypto App Creator Award While Supreme Court Deliberates on Ban
Blockchain News2 days ago

Prime Minister Of India Gives Crypto App Creator Award While Supreme Court Deliberates on Ban

The CEO Of Ripple Drops A Hint About An IPO
Ripple news3 days ago

The CEO Of Ripple Drops A Hint About An IPO

Cash is unlikely to disappear anytime soon despite declining use as a payment method and the surge of digital currencies, Germany’s largest bank says. Deutsche Bank, a German multinational investment bank that previously predicted that cryptocurrencies will replace fiat by 2030, now claims that cash “will be around for a long time” as a preferred method of payment. The bank has forecast a tentative future for cash in one of its recent “The Future of Payments” reports carried out by Deutsche Bank’s research arm Deutsche Bank Research. Titled “Cash: the Dinosaur Will Survive … For Now,” the report was issued on Jan. 21 and represents the first part of a series of reports on the future of payments. The second part, called “Moving to Digital Wallets and the Extinction of Plastic Cards,” was published on Jan. 23, while the third and final part of the series, “Digital Currencies: the Ultimate Hard Power Tool,” was issued on Jan. 27. Despite expressing its confidence that cash will remain a major payment method in the near future, Deutsche Bank admits to a growing role for the ongoing digital payment revolution. The bank wrote in its “Cash” report: “In this report, we argue that cash is unlikely to disappear anytime soon. However, a real digital payment revolution has been underway for the past ten years. Cash is losing ground as a payment method. Several countries have recently removed large notes worth $100 or more and implemented policies to replace traditional payment methods with digital solutions. In the midst of these changes, non-sovereign cryptocurrencies pose a threat to political and financial stability.” As part of the cash-focused report, Deutsche Bank Research conducted a survey indicating that a third of people in developed countries consider cash to be their favorite, while more than 50% are sure that cash will always be around. Additionally, the bank found out that Germans hold the highest average rate of cash among advanced economies, which accounts for 52 euro or about $57 at press time. According to Deutsche Bank, Germany plans to use even more cash in the coming six months. Deutsche Bank further outlined that the future of cash will greatly depend on further developments in China and India, which are the world’s two most populous countries. Specifically, the bank emphasized that both countries have been encouraging greater use of digital currencies and blockchain. As such, China's President called for the country to accelerate its blockchain adoption in late 2019, while India’s securities regulator recently urged on Jan. 23 that exploration of the best possible usage of blockchain in securities markets. As China has reportedly seen progress with its government-backed digital currency, Deutsche Bank warned that the adoption of such a currency poses a serious threat to the United States dollar: “China is working on a digital currency backed by its central bank that could be used as a soft- or hard-power tool. In fact, if companies doing business in China are forced to adopt a digital yuan, it will certainly erode the dollar’s primacy in the global financial market.” As to the growing trend of crypto and blockchain industry, Deutsche Bank has also been actively working in the developments in this area. In September 2019, Deutsche Bank joined JPMorgan’s blockchain-based network, the Interbank Information Network to reduce the cost of processing difficult payments and offer better client services.
Altcoin News22 hours ago

Deutsche Bank Says Cryptocurrencies Won’t Replace Cash In Near Future

Data From LocalBitcoins Shows China’s BTC Volume on Hits 2-Year Low
Bitcoin News18 hours ago

Data From LocalBitcoins Shows China’s BTC Volume on Hits 2-Year Low

Payments Startup Raises $80M In Funding From SBI Group, Visa Invest And Others
Blockchain News16 hours ago

Payments Startup Raises $80M In Funding From SBI Group, Visa Invest And Others

Former Bakkt CEO Who Is Now A Senator Loeffler Delays Disclosing Assets
Bitcoin News20 hours ago

Former Bakkt CEO Who Is Now A Senator Loeffler Delays Disclosing Assets

Dump Tron now
Blockchain News21 hours ago

If you own Tron, dump it in the name of Kobi!

Cryptocurrency And Blockchain News Update 27th January 2020
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Cryptocurrency And Blockchain News Update 27th January 2020

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