New tech that reduces costs of international payments would “be a boon for poor countries that rely on remittances” — but will BTC as legal tender fix that?
Legal and financial concerns may arise according to the International Monetary Fund following the decision of El Salvador to make bitcoin a legal tender in the country. IMF spokesperson Gerry Rice, speaking at a Thursday press briefing, said their group was already in the midst of discussions with lawmakers in El Salvador last year regarding […]
The International Monetary Fund has previously spoken out against smaller nations like the Marshall Islands recognizing a digital currency as legal tender.
The issue of central bank digital currency (CBDC) is becoming a hot topic of discussion among several governments. Now, the government of South Korea is seeking better technologies that can effectively lead to the creation of their state-owned CBDC dubbed e-KRW.
RSK Network, a smart contract platform secured by Bitcoin, announced today it has surpassed Lighting Network (LN) total value locked (TVL) in Bitcoin (BTC), and now stands at 1,445 BTC locked. This achievement is key for the RIF (RSK Infrastructure Framework) economy as RSK and Bitcoin are its foundation. RIF’s suite of open and decentralized […]