Money

Money is any item or data that is accepted as payment for goods and services in the country or any socio-economic context. Fiat currencies are currencies established as primary money in most jurisdictions.

Bitcoin and many other cryptocurrencies are mostly considered as a means of payment and sometimes considered as money in the Internet. However, there are only a few countries that accept it as a legal means of payment (like Japan) and some countries that ban using bitcoin and altcoins.

Is Bitcoin a real money? Is cryptocurrency money? Can Bitcoin be used to earn money? Does Bitcoin mining cost money? Will bitcoin replace money?

These and many other questions covered in the following articles on Coinidol.com:



Banks Are Getting Increasingly Tough on Bitcoin and Other Cryptocurrencies Amidst Mainstream Adoption
May 11, 2021 at 12:11
News
Banks Are Getting Increasingly Tough on Bitcoin and Other Cryptocurrencies Amidst Mainstream Adoption
About 86% of the central banks including Bank of America and the ECB, are busy delving into the development of CBDCs to defend their territories from the evasion of Bitcoin and other digital assets.
MasterCard: There is Increased Use of Digital Payment Technologies During Covid-19 Pandemic
May 06, 2021 at 10:36
News
MasterCard: There is Increased Use of Digital Payment Technologies During Covid-19 Pandemic
According to the new research by MasterCard, it has been found that the use of digital payment technologies including mobile money (MoMo), Bitcoin and other cryptocurrencies have boosted especially during the Covid-19 pandemic.
Fraudsters Are Flourishing Amidst Bitcoin Fever: 23 Scams Happen Daily
May 05, 2021 at 11:15
News
Fraudsters Are Flourishing Amidst Bitcoin Fever: 23 Scams Happen Daily
Scammers are taking advantage of the bullish market of cryptocurrency to steal money. Since the interest in bitcoin, as well as other crypto-assets, has grown, criminals discovered it as a fruitful field for their activity. Currently, investment scams and phishing attacks are the most popular schemes.
African Migrants Turn to Cryptocurrency for Low Fee Remittance
May 04, 2021 at 12:31
News
African Migrants Turn to Cryptocurrency for Low Fee Remittance
Due to poverty and stringent economic conditions, hundreds of able Africans seek better employment opportunities in Europe and Asia. However, the high taxes and unfavourable monetary policies of many African countries make home remittance expensive. Migrant workers from the African continent are turning to cryptocurrency to affordably send money home.
Where Can You Use Your Cryptocurrency to Buy Gift Cards Safely in 2021?
Apr 29, 2021 at 12:13
News
Where Can You Use Your Cryptocurrency to Buy Gift Cards Safely in 2021?
Although it was quite uncommon to use cryptocurrency for buying items a few years ago, things have changed quite a bit. In fact, using crypto to buy items online is popular, and there are many websites which accept this type of payment.
Cryptocurrency Mastercard or Visa Cards: How to Use Them and Not Face KYC Sanctions
Apr 26, 2021 at 11:00
News
Cryptocurrency Mastercard or Visa Cards: How to Use Them and Not Face KYC Sanctions
Cryptocurrency cards are the modern way to spend bitcoins for purchases even if the vendor doesn’t accept cryptocurrency directly. However, users worldwide face multiple issues while using these crypto cards, including the inability to pay everywhere, bad customer service, bad exchange rates, high fees, and even closed or frozen accounts with money lost.
Robbers are Getting More Educated About Cryptocurrencies as They Target Private Keys and Cold Storages
Apr 25, 2021 at 10:10
News
Robbers are Getting More Educated About Cryptocurrencies as They Target Private Keys and Cold Storages
While in this age of digitization no one gets surprised by hacks and virtual theft, physical robbery is still something that has not become a thing of the past. Moreover, ordinary burglars try to keep pace with progress as well. Thus, some of them are getting so sophisticated that they are interested in stealing cryptocurrencies through private keys and cold storage.
Other Side of Akon City: How Viable Is the Dream for Ordinary Afticans? Part II. Uganda
Apr 16, 2021 at 13:04
News
Other Side of Akon City: How Viable Is the Dream for Ordinary Afticans? Part II. Uganda
Akon is continuing to expand the planning of his futuristic cities across the African continent. Now, Akon wants to expand the project to Uganda, the Pearl of Africa. But how real are these plans for the African population?
Blockchain to Revolutionize Regulation, Food and Beverage Sectors in Australia
Apr 14, 2021 at 12:24
News
Blockchain to Revolutionize Regulation, Food and Beverage Sectors in Australia
Australia is investing huge sums of money to support blockchain innovations in the country.
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