It is evident that Bitcoin is making a significant impact on the travel sector, albeit not necessarily in ways most people would anticipate. Unlike traditional currencies, Bitcoin can be used to convert a local currency to a foreign one without much trouble. More importantly, it reduces most exchange rate fees and does not require a bank account or payment card to do so. The Benefit of Using Bitcoin To Obtain …
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Arbitrage in the cryptocurrency world is nothing new under the sun, as various exchanges seem to maintain different prices. However, these gaps are usually a few dollars worth at best. That situation has come to change, as trading Bitcoin or other cryptocurrencies against particular fiat currencies may prove to be far more lucrative than anticipated. FX Turmoil Opens Reverse Bitcoin Arbitrage Opportunities When it comes to arbitraging Bitcoin exchanges, traders …
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KB Kookmin Bank, one of South-Korea’s largest financial institutions and subsidiary of KP Financial group, has partnered with blockchain solutions provider company Coinplug, to provide cross-border foreign exchange services that will utilize blockchain technology. According to statements released by KB Kookmin Bank, a Memorandum of Understand has been signed between KB and Coinplug. “KB Kookmin Bank is on joint development with Coinplug for the efficient overseas remittance, based on blockchain …
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