Hey, Your Crypto Newsletter for June 24, 2021

If you are interested in cryptocurrencies, this newsletter is for you. [FeedBinary Newsletter]( You Might Like     [Learn more about RevenueStripe...]( [How the pandemic can help make digital currencies truly global](  We know that digital cash will be a direct claim on a central bank, just like its physical counterpart. But there the similarity ends.  Digital currencies are almost here, with China’s e-CNY possibly off the block as early as the 2022 Beijing Winter Olympics. But among the many things we still don’t know about these new payment instruments is their usage overseas: How helpful will one country’s electronic cash be in another?  All we know is that digital cash will be a direct claim on a central bank, just like its physical counterpart. But there the similarity ends. There’s a whole money-changing industry ready to swap — for a fat fee — our banknotes for different ones that can be used where we’re going. However, when the cash resides in a wallet on our smartphones, tourists may not be able to spend it at a coffee shop or a curio store overseas if merchants aren’t allowed to receive foreign digital currencies.  Commercial banks have solved this problem. By using intermediaries like Visa Inc. and PayPal Holdings Inc., they’ve made our claims acceptable as payments in other countries. But for monetary authorities to do this, every one of them will need a way to verify the identities of 8 billion people. That’s because, in theory, anyone on the planet can land in any country with purchasing power acquired abroad. [Read More](  Are Your Marketing Emails Going To Spam? We Can Help!  --------------------------------------------------------------- [CRYPTO CRASH: BITCOIN BASHERS AND CRYPTO CYNICS ARE WRONG – HERE’S WHY](  Bitcoin and other cryptocurrencies have experienced a major sell-off this week following China’s crackdown on the sector, but the “crypto haters” are wrong to dismiss the digital assets, according to the CEO of one of the world’s largest independent financial advisory and fintech organisations.  The bullish message from Nigel Green, chief executive and founder of deVere Group comes during a turbulent week for cryptocurrencies.  Around $400 billion in value has been wiped from the total digital currency market since Friday, when a major Bitcoin mining hub ordered miners to shut down operations.  It followed reports saying that China’s central bank had a meeting with banks and gave instructions to freeze all payment channels supporting cryptocurrency trading.  Bitcoin, the world’s largest cryptocurrency, experienced a wild trading session on Tuesday where it briefly dropped below $30,000 – seen as a key support level – before rallying back into positive territory. [Read More](  [Sending Cryptocurrency – WIthout Blockchain]( Cryptocurrencies are one of the most important developments that have occurred in the world of finance. However, even though cryptocurrencies are such a major technological and financial breakthrough, they are still tricky to send from person to person. This makes them difficult to use as actual currencies, which is what they were designed for.  How is Cryptocurrency Sent Through Blockchain?  Right now, if you want to send some cryptos to, say, a friend or a vendor from whom you just bought an e-book, you need to rely on the blockchain.  You must log in in your virtual wallet, and then send funds using the recipient’s “receive” address or QR code. Blockchain sends crypto using an address through a server (NODE) which can be seen by a public scanner.The blockchain technology will validate and complete the transaction, and through a smart contract, you’re guaranteed that the transaction can be trusted even if one of the parties doesn’t trust the other. [Read More]( You Might Like     [Learn more about RevenueStripe...]( Connect with FeedBinary on social media [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 Want to change how you receive these emails? [Update your preferences]( or [Unsubscribe](