Tag: foreign exchange

Bitcoin Facilitates Exchanging To Foreign Currency At Lower Fees

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 …
[Read More]

Bitcoin Traders Should Explore Foreign Exchange Arbitrage Opportunities

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 …
[Read More]

Consumers Have No Access To Pound Sterling Due To Foreign Exchange Shortage

One of the more worrisome side effects of the Brexit is how consumers are struggling to buy Pounds Sterling. After the price had dropped to its lowest point over 30 years, a lot of people started buying up Pounds en masse. Foreign currency providers are feeling the effects, as they have no stock to meet customer demand. Scarcity in Fiat Currency Is Not A Positive Thing Gold and Bitcoin are …
[Read More]

South Korea’s KB Kookmin Bank Developing Blockchain Exchange Service

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 …
[Read More]