Financial services provider Square invests 50 Mio. USD in Bitcoin

After Microstrategy, another company is allocating part of its liquid assets to Bitcoin. The financial services and mobile payment company Square, headquartered in San Francisco, announced that it has purchased 50 million USD of the cryptocurrency. Founded in 2009 by Jack Dorsey (Twitter co-founder) and Jim McKelvey, the company launched its first service in 2010 […]

Brazil plans to introduce a digital central bank currency in 2022

Roberto Campos Neto, the President of the Central Bank of Brazil, shared the plans regarding digital Central Bank currency (CBDC). A possible starting point is 2022. The Banco Central do Brasil is not the only central bank that currently works on digital currencies. At present, 80% of central banks worldwide research possibilities to implement their […]