Central American nations ask: Can Bitcoin cut remittance costs? | Banks News
Bitcoin news

Central American nations ask: Can Bitcoin cut remittance costs? | Banks News

Central American countries are eagerly waiting to see if El Salvador’s adoption of Bitcoin as parallel legal tender cuts the cost of remittances, an important source of income for millions of people, say the region’s development bank. President Nayib Bukele’s congressional allies have already approved legislation giving the cryptocurrency official currency status alongside the US…

Gold as an Inflation Hedge: What the Past 50 Years Teaches Us
USA finance

Gold as an Inflation Hedge: What the Past 50 Years Teaches Us

On a Sunday evening 50 years ago—on Aug. 15, 1971, to be exact—then-President Nixon interrupted “Bonanza,” one of the most popular TV shows of that era, to announce that he was ending the convertibility of the U.S. dollar into gold. Many consider it to be one of the most consequential decisions he made. Up until […] More