News, stories and events about currency from around the world.
In Korea a company called Coinplug allows ATM operators to accept bitcoins. Over 7000 ATMs can now accept bitcoins in Korea thanks to the ATM manufacturer Nautilus Hyosong.
There's interesting news out of Ecuador. The government is planning to release a new digital currency, possibly as soon as late this year. Unlike Bitcoin and other existing digital currencies, this new version will be the first digital currency released by a national central bank as an official state currency.
Does this step indicate a "giant leap forward" for an all-digital monetary system, moving us even closer to a completely cashless society? While a total lack of cash may be somewhere in the future, we're not there yet. Not even close.
In the age of the instant everything, why does the money I transfer electronically disappear from my account immediately, but take up to five business days to reach its destination?
I can’t help but imagine a giant multinational conglomerate conspiracy as I watch my funds fly off into the abyss of nothingness for days before my debts are settled at the other end. Where did they go? And importantly, who is earning interest off of them while they’re unavailable?
