Benefits – DIGIT INFO

‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network

DIGIT — Sun, 09 Apr 2023 14:35:03 +0000

The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including […]

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Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

DIGIT — Fri, 03 Feb 2023 08:00:22 +0000

Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s Digital Ruble Said to Result […]

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FTX resumes employee and contractor payments after weeks in limbo

DIGIT — Tue, 29 Nov 2022 02:08:13 +0000

The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh, and Alameda’s Caroline Ellison.

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Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency

DIGIT — Mon, 31 Oct 2022 08:30:19 +0000

The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better Understand Risks of […]

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There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits

DIGIT — Fri, 29 Apr 2022 21:30:07 +0000

In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital assets. While a number of crypto projects have different burn schemes, the overall effect is usually the same, as destroying tokens reduces the circulating supply. Blockchain Projects Burn Tokens for […]

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Reserve Bank of New Zealand Seeks Public Opinion on Central Bank Digital Currency

DIGIT — Fri, 01 Oct 2021 10:30:17 +0000

The central bank of New Zealand has lined up among monetary authorities exploring the question of issuing their own digital currencies. The financial regulator is now seeking feedback from the public about the need for a digital form of the national fiat while also promising to preserve cash. New Zealand Central Bank Considers Risks and […]

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Ukraine’s Digital Ministry Plans to Pay Employees With Digital Hryvnia in Pilot Project

DIGIT — Wed, 18 Aug 2021 12:00:21 +0000

Employees of Ukraine’s Ministry of Digital Transformation may become the first in the country to get their salaries in digital currency. The National Bank of Ukraine is developing an electronic version of the Ukrainian hryvnia and the ministry is considering the option of using the state-issued coin for remuneration. Government Employees to Be Paid With […]

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Close to $6k in Bitcoin Cash Tips Paid to Read.cash Authors Last Week

DIGIT — Wed, 29 Jan 2020 22:00:21 +0000

The read.cash blog has been a resource for the Bitcoin Cash (BCH) community for a while now but ever since the recent miner funded development proposal, the blogging site has gathered significant traction. For instance, the front page of read.cash shows that during the last week, more than $5,730 in bitcoin cash has been given […]

The post Close to $6k in Bitcoin Cash Tips Paid to Read.cash Authors Last Week appeared first on Bitcoin News.

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Read.cash Platform Rewards Content Creators With Bitcoin Cash Incentives

DIGIT — Thu, 02 Jan 2020 22:50:18 +0000

Since the platform’s launch, the Bitcoin Cash-centric blogging site read.cash has gathered a lot of traction. The website’s user base publishes interesting content and new material on a daily basis with the most popular authors gathering tips in bitcoin cash for their work. Also Read: These Are the Bitcoin Stories You Loved in 2019 Read.cash […]

The post Read.cash Platform Rewards Content Creators With Bitcoin Cash Incentives appeared first on Bitcoin News.

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