why bitcoin NOT accepted in some countries?
whether bitcoin could threaten paypal , mastercard etc.
Paypal isn't a bank, but its currency has a set value based on the current nation's currency valuation.
Bitcoin is entirely theoretical, its value based only on the value users assign to it.
Some countries ban it as a speculative investment or gambling.
Others ban it because it doesn't have a set value / exchange rate.
You can still get Bitcoin in those nations, and you see it in Greece and Argentina to try to get around currency controls. And those nations don't like it, if not ban it, because they need currency controls to slow down their inflationary cycle.
by Dean Walsh 4 years ago
Since we hubbers are making our money here digitally, it would be great if Hubpages could send us payments from the ad program in digital currency using Bitcoin, or even better Ripple.Either of these would have lower transaction costs for Hubpages compared to paypal (Ripple is cheapest, at around...
by Jack Lee 13 months ago
The value of Bitcoin, a digital currency, has just passed the $10,000 mark.It has increased in value by 10 folds in just one year...Is this a super bubble or a legitimate investment class?
by Bev G 4 days ago
Great news. I just had an email saying that international earnings can now be paid by direct credit to a local bank account. Yay! I hold off claiming mine because of the extortionate charges of paying in a foreign currency cheque.Here's the email..."We have good news to share. You can now...
by Paula 2 years ago
What Countries/Nations should the U.S. STOP sending Money to ASAP! Why?Since we are so deeply in debt and have countless issues to FIX ($$) in our own Country, why don't we simply stop giving money away to foreign countries?
by Rhonda D Johnson 5 months ago
What did the US use for collateral when we borrowed money from other countries?We know that the US government has borrowed billions of dollars from China, Japan and other countries. But what did we use for collateral? I've been told that the United States is actually a...
by cashmere 5 years ago
What exactly is Bitcoin and how does it work?I've heard of a new currency which is not country specific but is being used online to make payements. Its called Bitcoin, but I have no idea how to use it and how you make it work. Do you know more about it?
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