What Are Smart Contracts

What Are Smart Contracts

Contracts are an inseparable part of our lives. However, traditional contracts can be a real pain in the neck, since you need to pay a lawyer or notary to prepare it, and in case the contract is not honored, you need additional services to protect your rights. On the other hand, smart contracts can save…

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How Crypto Can Help the Unbanked

How Crypto Can Help the Unbanked

If you live in a place where having a bank account is considered the standard, you may take it for granted. Owning a bank account can be helpful in several ways, for example, you can receive payments, prove that you have some savings, benefit from a small interest, use a debit or credit card, make…

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Swiss Bank Account or Bitcoin?

Swiss Bank Account or Bitcoin?

“Money, money, money must be funny in the rich man’s world,” are some of the lyrics we can hear in an iconic song by Abba. And the rich man’s world is often associated with a “Swiss bank account.” Why is it so attractive? Is it really just for millionaires? Can Bitcoin or other cryptocurrencies fulfill…

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Bitcoin and Changes in the World

Bitcoin and Changes in the World

The Great Depression created a huge downturn in the economy and caught many investors off guard in 2008. The preceding years were so prosperous that many made the mistake of thinking this would go on forever. Interestingly, the Bitcoin white paper was published in 2008 and the Bitcoin blockchain was launched shortly afterwards. Those who…

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Libra Takes It All?

Libra Takes It All?

On June 18, 2019 Facebook announced its virtual currency Libra, with the vision that Libra will become a global means of payment for the billions, especially for people without a bank account. The currency was first called “Facebook Coin” and “GlobalCoin,” pointing to its intended global reach, and later renamed to Libra. Why is Libra…

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Central Banks Exploring Blockchain

Central Banks Exploring Blockchain

The developments in blockchain and the ever-growing number of users of cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Tether, and others, is a reality that cannot go unnoticed. Countries and banks can see this trend and are starting to take steps in the same direction. Central banks in over 45 countries (as of May…

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