Latest Fiat News

  • Bottlepay Returns by September with Fiat Integration and Bitcoin Tweets
    Bottlepay Returns by September with Fiat Integration and Bitcoin Tweets
    Upon its planned comeback by September, the fully compliant, revamped Bottlepay app will feature fiat integration, enabling users to spend bitcoin (BTC) from their national currency, Pete Cheyne, founder of this UK-based BTC wallet provider, told Cryptonews.com. As reported, the first version of Bottlepay was shut down by its creators at the end of 2019.
  • Record Revenue for Blockchain Gaming Company During Pandemic
    Record Revenue for Blockchain Gaming Company During Pandemic
    Animoca Brands, the firm behind noted NFT-powered games The Sandbox and F1 Delta Time, has reported record revenue amid the COVID-19 lockdown. Animoca Brands, the firm behind blockchain-powered games The Sandbox, F1 Delta Time, and Crazy Defense Heroes, has reported unaudited revenue for the first four months of 2020 of $7.34 million amid the COVID-19 pandemic. The first quarter was Animoca Brands’ strongest on record with $4.33 million in revenue, followed by a record month with $3 million during April.  Animoca Brands held $6.08 million in fiat and crypto assets at the end of April.
  • Crypto lender Nexo will now get price data from Chainlink
    Crypto lender Nexo will now get price data from Chainlink
    Nexo, the leading fiat lending service backed by crypto collateral, will integrate Chainlink decentralized price feeds to better secure loans.
  • Bitcoin S2F Model Creator Reveals 4 Reasons Why He First Bought BTC
    Bitcoin S2F Model Creator Reveals 4 Reasons Why He First Bought BTC
    Fixed supply and interest rates that refuse to turn negative were among the top advantages of swapping fiat for BTC, says PlanB. Bitcoin (BTC) was the top choice of famous analyst PlanB thanks to its scarcity and zero likelihood of negative interest rates. In a series of tweets on July 7, the creator of Bitcoin’s stock-to-flow price model explained what drove him to buy the cryptocurrency. PlanB: “Most people are asleep” on BTC PlanB has become well known as an outspoken BTC supporter.
  • Binance Expands Reach With New Gateway for 15 Fiat Currencies
    Binance Expands Reach With New Gateway for 15 Fiat Currencies
    Binance users can keep their fiat funds with new partner Etana while buying and selling crypto assets on the exchange.
  • Binance Expands Fiat Gateway to Support 15 New National Currencies
    Binance Expands Fiat Gateway to Support 15 New National Currencies
    Binance added support for the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody. Major cryptocurrency exchange Binance has added support for deposits in 15 additional fiat currencies to its platform. According to a July 7 announcement, Binance added support for the United Arab Emirates dirham, Australian dollar, Canadian dollar, Swiss franc, Czech koruna, euro, British pound, Hong Kong dollar, Danish krone, Hungarian forint, Mexican peso, Norwegian krone, New Zealand dollar, Polish złoty and Swedish krona. Binance added the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody. Binance CFO Wei Zhou told Cointelegraph that users can transfer the funds via SWIFT wire transfer, adding, "After linking Binance accounts to Etana accounts, Binance users can wire funds directly from their bank accounts to Etana, and then have their Etana fiat balance credited to the corresponding Binance accounts instantly and free of charge by initiating a fiat deposit request on Binance." A more accessible fiat onramp for Binance users Etana’s onboarding process includes Know Your Customer and Anti-Money Laundering checks compliant with the Bank Secrecy Act.
  • Watch Fiat Currencies If You Want To Guess Bitcoin's Next Move
    Watch Fiat Currencies If You Want To Guess Bitcoin's Next Move
    As major fiat currencies face potential devaluations in the wake of the COVID-19 crisis over the coming months and years, an alternative currency like bitcoin (BTC) has never been so needed, according to Max Bronstein, a member of the Institutional Coverage team at Coinbase. Sharing his thoughts about the future of fiat currencies and BTC in a Twitter thread today,
  • Bitcoin Art: Famous Red Jester Painting Recreated to Reflect QE and Fiat Issues
    Bitcoin Art: Famous Red Jester Painting Recreated to Reflect QE and Fiat Issues
    A popular artist recreated a very famous Renaissance painting, adding a contemporary financial and Bitcoin twist to it. The post Bitcoin Art: Famous Red Jester Painting Recreated to Reflect QE and Fiat Issues appeared first on CryptoPotato.
  • A New Price Valuation Model Says $10,670 Fair Value For Bitcoin
    A New Price Valuation Model Says $10,670 Fair Value For Bitcoin
    Seba, a Switzerland based bank, is proposing a Bitcoin valuation model that places its fair value at $10,670.
  • OKEx Now Features Latin American Fiat Gateway with Latamex
    OKEx Now Features Latin American Fiat Gateway with Latamex
    OKEx partners with major LATAM digital settlement network to unlock crypto purchases with three local currencies. OKEx, a major global cryptocurrency exchange, is embracing the Latin American crypto market by launching a fiat gateway for three local currencies. According to a July 3 announcement, OKEx users can now buy Bitcoin (BTC) and Ether (ETH) in exchange for the Argentine peso (ARS), the Brazilian real (BRL), and the Mexican peso (MXN) via a direct bank transfer. OKEx implements Settle Network’s Latamex tool OKEx’s partnership with a company called Settle Network allowed them to enable these features.
  • Japan’s Central Bank to Begin Digital Yen Feasibility Pilot
    Japan’s Central Bank to Begin Digital Yen Feasibility Pilot
    The central Bank of Japan (BoJ) will conduct a controlled pilot for a central bank digital currency (CBDC) to see how a digital yen would function from a technical standpoint. The BoJ said it will begin a Proof-of-Concept (PoC) and wants to test the digital fiat in a controlled environment before deciding whether or not to proceed. The bank made its intentions clear
  • Public Mint Launches, Announces 200 Banks Are On Board
    Public Mint Launches, Announces 200 Banks Are On Board
    Public Mint wants its tokenized fiat currencies to power DeFi-like open financial applications. Public Mint launched its ‘fiat-native’ public blockchain on July 1 following two years of development. The platform comprises a blockchain for the tokenization of fiat currencies that are held in the accounts of insured and regulated fiat custodians — essentially comprising a stablecoin backed by a network of banks. Public Mint claims to have already partnered with a network of more than 200 banks to hold the funds backing its fiat token network.
  • Bitcoin Analyst: Central Bank Rate Cuts Mean ‘World Has Gone Zimbabwe’
    Bitcoin Analyst: Central Bank Rate Cuts Mean ‘World Has Gone Zimbabwe’
    Zimbabwe-style mayhem is a possible outcome from a flood of cheap money hitting the global economy, warns MMCrypto. Bitcoin (BTC) supporters are watching as almost every central bank in the world lowers interest rates and the global fiat money supply skyrockets. Statistics compiled by Charlie Bilello, CEO of wealth manager Compound Capital Advisors, show that in 2020, 84 of the world’s 118 central banks cut interest rates. “Bitcoin cannot be printed!” Largely due to coronavirus, institutions have slashed rates by as much as 1,700 basis points, with Argentina leading the way. Israel changed the least, with a 15 basis point reduction, while Ukraine, Pakistan, Barbados and the East Caribbean joined Argentina at the top of the list. Argentina’s current central bank interest rate is 38%, the highest of any central bank on the list. Lower rates are designed to incentivize borrowing and spending and go hand in hand with quantitative easing policies, under which the money supply of fiat currencies can increase exponentially. Missing from the rankings are countries such as Venezuela, Iran and Lebanon, where currency meltdowns have become an unavoidable feature of central bank policy.
  • Bitcoin as a tool to fight authoritarian regimes: Vladimir Putin critic explains
    Bitcoin as a tool to fight authoritarian regimes: Vladimir Putin critic explains
    Professor of Economics, Sergei Guriev, told Cointelegraph how Bitcoin can be used as a tool to combat authoritarian regimes. Sergei Guriev, professor of Economics at Paris’ Sciences Po and a critic of Vladimir Putin, told Cointelegraph how Bitcoin can be used as a tool to combat authoritarian regimes despite having “no fundamental social value”. Unlike fiat currencies, the purchasing power of Bitcoin is not backed by any institution.
  • Central Bank Digital Currencies Could be Next Step in Evolution of Money, BIS Reports
    Central Bank Digital Currencies Could be Next Step in Evolution of Money, BIS Reports
    The Bank for International Settlements (BIS) says central bank digital currencies (CBDCs), which are new forms of digital fiat guaranteed by governments, could be the future of money.
  • Tether: The Bridge of Crypto and Fiat
    Tether: The Bridge of Crypto and Fiat
    Tether (USDT) is one of the most stable and fastest-growing cryptos.
  • DeepTradeBot announces FIAT Currencies On The Platform
    DeepTradeBot announces FIAT Currencies On The Platform
    [PRESS RELEASE – Please see disclaimer] The long-awaited Payeer and PerfectMoney have just been added into the payment options list of deepTradeBot AI trading platform A popular crypto-trading SaaS solution, deepTradeBot.com, has announced the integration of fiat currencies into the platform payment options list.
  • KuCoin P2P Fiat Market Now Supports Crypto Purchase Through PayPal USD Payments
    KuCoin P2P Fiat Market Now Supports Crypto Purchase Through PayPal USD Payments
    The IDG-backed KuCoin crypto exchange platform has added support for another payment option on its P2P Fiat Market.
  • Binance Teams up with Payments Firm to Allow ‘Low-fee’ Crypto Buying
    Binance Teams up with Payments Firm to Allow ‘Low-fee’ Crypto Buying
    *********NOTE FROM AUTHROR: EMBARGOED UNTIL June 25, 9 am ET/3 pm CET.******** Estonia-based payment solutions provider Mercuryo says it has struck a partnership deal with Binance that will allow exchange customers to buy crypto with fiat.
  • KuCoin P2P Fiat Market Supports Buying Crypto With USD Via PayPal
    KuCoin P2P Fiat Market Supports Buying Crypto With USD Via PayPal
    On June 24, 2020, KuCoin, an IDG-backed crypto exchange, announced that its P2P Fiat Market added support for US Dollars (USD), meaning traders can buy cryptocurrencies like USDT, BTC and ETH with USD The post KuCoin P2P Fiat Market Supports Buying Crypto With USD Via PayPal appeared first on AMBCrypto.
  • KuCoin P2P Fiat Market Supports Buying Crypto With USD Via PayPal
    KuCoin P2P Fiat Market Supports Buying Crypto With USD Via PayPal
    Disclaimer: The text below is a press release that was not written by Cryptonews.com. On June 24, 2020, KuCoin, an IDG-backed crypto exchange, announced that its P2P Fiat Market added support for US Dollars (USD), meaning traders can buy cryptocurrencies like USDT, BTC and ETH with USD via PayPal and other payment methods.
  • Bitcoin's $1T market cap is 1% aggregated institutional investment away
    Bitcoin's $1T market cap is 1% aggregated institutional investment away
    Initially envisioned as a P2P electronic cash system, Bitcoin's narrative has changed over time, and now, the asset is primarily viewed as an inflationary hedge against various fiat currencies.
  • Where the NY Fed ‘Bitcoin Is Not New’ Blog Goes Wrong
    Where the NY Fed ‘Bitcoin Is Not New’ Blog Goes Wrong
    A recent post categorizing Bitcoin as just another fiat currency uses some strange definitions of money, our columnist writes.
  • Coinbase Listing Effect May Be 'More Muted' than Believed - Report
    Coinbase Listing Effect May Be 'More Muted' than Believed - Report
    Despite often being referred to as one of the most sure-fire ways to pump the price of a cryptoasset, a listing on the popular fiat-to-crypto platform Coinbase may not be as lucrative for token holders as some have thought, a new study from crypto analytics firm Coin Metrics has found. In the study, Coin Metrics looked at how the various assets had performed on the
  • Messari: 1% Allocation From Institutions Could Drive BTC to $50,000
    Messari: 1% Allocation From Institutions Could Drive BTC to $50,000
    Crypto research firm Messari has estimated that Bitcoin could trade for $50,000 each if institutions allocate a low-single-digit portfolio percentage to BTC. Messari’s Ryan Watkins has crunched the numbers and predicts that if institutions allocate just 1% of their portfolios to Bitcoin, then BTC’s market cap could rise to above $1 trillion, Watkins’ research sought to calculate the impact on the BTC price of institutions following the famed hedge fund manager Paul Tudor Jones’ example of investing a “low single-digit percentage” into Bitcoin.   $1 trillion BTC market cap The researcher predicts that a tiny percentage allocation from endowments & foundations, family offices, sovereign wealth funds, pension funds, and mutual funds to BTC would result in around $480 billion in new money entering the Bitcoin markets. Citing research by crypto researcher Chris Burniske that found fiat flows into crypto to typically drove price gains of between two times and 25 times during the 2017 bull trend, Watkins estimates that “an aggregate 1% institutional allocation to Bitcoin can easily bring Bitcoin’s market cap above $1 trillion, or over $50,000 per BTC”. Estimated impact of 1% institutional allocation to BTC on Bitcoin’s market cap: Messari  Which institutions will lead the crypto charge? While Watkins believes that “Bitcoin may not need institutions to succeed” he says that “if Bitcoin is to become a globally adopted non-sovereign store of value, it will need to convince institutional investors to transfer wealth into the asset.” Watkins predicts that hedge funds will lead the institutional charge into crypto, however Ryan Radloff, the CEO of multi-billion custodian Kingdom Trust predicts that the $28 trillion US retirement sector will be the first-mover as consumers demand the ability to allocate digital assets toward their retirement portfolios. Other analysts believe that institutions will be brought into the fold by i
  • Crypto Exchange ByBit Launches a Fiat Gateway Supporting Over 20 Currencies
    Crypto Exchange ByBit Launches a Fiat Gateway Supporting Over 20 Currencies
    Users are even eligible for up to $50 in bonuses. Cryptocurrency exchange ByBit now lets its users exchange over 20 fiat currencies for cryptocurrency. According to an announcement shared with Cointelegraph on June 22, ByBit users can trade their US dollars, Australian dollars, Canadian dollars, euros, Singapore dollars, British pounds sterling and many others for crypto of their choice.
  • Gold Bug Schiff Calls Bitcoin Fiat Following Fed Comments
    Gold Bug Schiff Calls Bitcoin Fiat Following Fed Comments
    Peter Schiff agrees with the Fed that Bitcoin should be classified as fiat currency.
  • Ripple-backed PayID initiative not limited to XRP or fiat
    Ripple-backed PayID initiative not limited to XRP or fiat
    San Francisco-based blockchain giant Ripple has continued to work towards strengthening its expansion into the Asian market.
  • Ripple Chief: Global Payments Coalition Will Eliminate Barriers in Banking, Bitcoin (BTC) and Crypto Markets
    Ripple Chief: Global Payments Coalition Will Eliminate Barriers in Banking, Bitcoin (BTC) and Crypto Markets
    Ripple CEO Brad Garlinghouse says a new payments coalition is squarely focused on making it far easier to send and receive both fiat and cryptocurrency.
  • New York Fed’s ‘Bitcoin Is Just Another Fiat’ Claim Sparks Controversy
    New York Fed’s ‘Bitcoin Is Just Another Fiat’ Claim Sparks Controversy
    Economists at the New York Federal Reserve think Bitcoin is a fiat currency.
  • New York Fed: Bitcoin just 'another example of fiat money'
    New York Fed: Bitcoin just 'another example of fiat money'
    An editorial for the New York Fed’s Liberty Street Economics blog says Bitcoin is just like any other fiat money.
  • Fiat Crash Not a Prerequisite for Bitcoin Takeoff, Says Saifedean Ammous
    Fiat Crash Not a Prerequisite for Bitcoin Takeoff, Says Saifedean Ammous
    Source: Fundación Rafael del Pino video screenshot. Do fiat currencies need to fail for crypto to truly take off? For many crypto experts hoping for monetary collapse and a digital coin-powered revolution, bitcoin (BTC) dominance seems impossible without a massive public loss of faith in conventional money, and a seismic crash that kills off cash once and for all. Many are now hoping that
  • Bitcoin measured in fiat presents an economic problem
    Bitcoin measured in fiat presents an economic problem
    The case of Bitcoin - the decentralized cryptocurrency seems absurd to most people, especially at a time like this. A digital currency presented as a, objectionably so, store of value and a medium The post Bitcoin measured in fiat presents an economic problem appeared first on AMBCrypto.
  • American Gaming Association Urges Policy Change On Digital Payments
    American Gaming Association Urges Policy Change On Digital Payments
    The American Gaming Association laid out a proposal of new guidelines for gambling payments. The culmination of a year and half of work, the American Gaming Association, or AGA, proposed a set of updated policy guidelines for casino payments.  The proposition looks to let visitors fund their activities at gambling establishments via digital avenues, instead of allowing only physical fiat currency, said a June 16 statement.  It remains unclear whether the AGA includes cryptocurrencies under its digital payments reference.
  • In Fintech, Fiat and Crypto Worlds Are Converging
    In Fintech, Fiat and Crypto Worlds Are Converging
    Crypto firms and banks are partnering at scale, part of the broader democratization of payments systems around the world.
  • KuCoin Supports Buying Crypto with RUB through Partnership with PayMIR
    KuCoin Supports Buying Crypto with RUB through Partnership with PayMIR
    KuCoin, an IDG-backed crypto exchange, announced a new partnership with PayMIR, a well-known fiat on-ramp service provider in Russia.
  • Crikey! Kraken Launches Support for Aussie Dollar Trading Pairs
    Crikey! Kraken Launches Support for Aussie Dollar Trading Pairs
    Kraken has launched support for trading and funding in AUD six months after acquiring veteran Australian crypto exchange Bit Trade. Major cryptocurrency exchange Kraken has announced support for Aussie dollar (AUD) trading pairs and account funding. Australian dollars will be tradeable against Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Tether (USDT) on the platform. AUD is the seventh fiat currency to be supported by Kraken, joining USD, CAD, EUR, JPY, GBP, and CHF. Kraken clients based outside of the United States will also be able to trade AUD-based foreign exchange pairs against USD, EUR, and JPY. Kraken launches AUD funding support Kraken will launch AUD support on June 17, with Australian users able to deposit fiat onto the exchange through banks that support Osko/PayID payments. The move follows the firm’s acquisition of Australia’s longest-running crypto exchange Bit Trade in January.
  • BitPay Launches Prepaid Crypto Mastercard for US Customers
    BitPay Launches Prepaid Crypto Mastercard for US Customers
    The new debit card enables US customers to spend their crypto holdings as fiat currency.
  • WhatsApp Debuts Fiat Electronic Payments While Libra Remains Stuck in Regulatory Maze
    WhatsApp Debuts Fiat Electronic Payments While Libra Remains Stuck in Regulatory Maze
    WhatsApp has announced instant in-app fiat payments for over 120 million users in Brazil. WhatsApp has premiered fiat electronic payments on its platform, with Brazil becoming the first country to experience a nationwide release. According to a statement released by WhatsApp earlier today, users who have Visa and Mastercard debit or credit cards from Banco do Brasil, Nubank, and Sicredi can now attach instant payments to their messages. There’s an unspecified monetary limit imposed due to AML and CFT concerns.
  • OKEx Taps Paxful to Provide New Fiat-to-Crypto Onramps
    OKEx Taps Paxful to Provide New Fiat-to-Crypto Onramps
    OKEx is partnering with Paxful, adding more than 160 fiat currency onramps to its crypto exchange business.
  • Peer-to-Peer Bitcoin Marketplace Integrates With Major Exchange OKEx
    Peer-to-Peer Bitcoin Marketplace Integrates With Major Exchange OKEx
    Major cryptocurrency exchange OKEx is integrating Paxful’s Kiosk and trading services into its platform. Peer-to-peer Bitcoin (BTC) marketplace Paxful is integrating its platform with major cryptocurrency exchange OKEx. According to an announcement on June 15, the partnership will offer several payment methods for OKEx users through Paxful’s Kiosk to buy Bitcoin with over 160 fiat currencies, together with bank transfer, gift cards and online wallets, among others. Paxful customers will be able to access different trading options such as spot, margin, and futures trading, as well as the derivatives markets through OKEx's decentralized platform, DEX.
  • Everyday payments? Bitcoin's got a long way to go...
    Everyday payments? Bitcoin's got a long way to go...
    Over the years, major cryptocurrencies like Bitcoin have moved away from competing as an alternative to fiat currencies in terms of payments and as an exchange of value and is now cementing itself as The post Everyday payments? Bitcoin's got a long way to go...
  • Crypto Milestone: People Can Spend Bitcoin (BTC), Ethereum (ETH) and XRP With First-Ever Prepaid Mastercard in the US
    Crypto Milestone: People Can Spend Bitcoin (BTC), Ethereum (ETH) and XRP With First-Ever Prepaid Mastercard in the US
    BitPay just launched a prepaid Mastercard that lets US customers instantly convert their crypto into fiat without conversion fees.
  • Bitcoin payments firm BitPay unveils prepaid Mastercard for US users
    Bitcoin payments firm BitPay unveils prepaid Mastercard for US users
    Latest option for converting crypto into fiat and spending it globally comes as the previous BitPay VISA card faces its demise.