Tag: GBP

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 …
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Online Retailers Immediately Impacted By Brexit Outcome

The Brexit is affecting all of the United Kingdom as we speak. The region voted for a new era, and they will also have to deal with the consequences of that decision. Various UK webshops have temporarily closed their online doors, as they need a “time-out”. It is possible these companies will be forced to rethink their entire online strategy moving forward. Online Businesses And Payment Methods One of the …
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Ethereum Makes Significant Gains In EUR and GBP Markets

Now that the Brexit has passed in a favorable fashion for those who wanted to leave the EU, there is a lot of focus on the EUR value. In the world of cryptocurrency, the EUR markets are rather small compared to the rest of the world. But surprisingly enough, there is no sign of weakness to be found. In fact, it appears as if Europeans are warming up to Ethereum …
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Circle Becomes First Blockchain Firm in the UK to Receive E-money License

US-based blockchain payment app Circle has been granted the first E-money license in the UK by the country’s Financial Conduct Authority. This makes Circle the first regulated digital currency company in the UK to allow mobile users to freely send and receive worldwide GBP/EUR payments, with the same speed and simplicity as sending an instant message. An article by Reuters states that Barclays bank will be handling all fiat transactions …
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