A Gold-Based Digital Currency Was Presented By Texan Politicians

Several authorities throughout the world are concerned about Central Bank Digital Currencies (CBDCs). In a quest for alternatives, Texas legislators decided to offer plans for a gold-backed alternative to compete with the US Central Bank (FED).Legislation in the Texas House and Senate has been submitted to create state-issued gold-based digital money. These projects seek to provide an alternative to central bank digital currencies (CBDCs) for consumers and companies while also challenging the Federal Reserve’s dominance over the money supply.

Comments

Post a Comment

Popular posts from this blog

Kuwait Capital Markets Authority (CMA) Imposes “Absolute Ban” on Cryptocurrency Transactions

The Kuwait Capital Markets Authority (CMA) has issued an important announcement. The oversight board has reaffirmed its intention to execute a “absolute ban” on nearly all operations related to cryptocurrency. This ban essentially imposes strong limitations on the usage and exchange of digital currencies and covers payments, investments and mining. The CMA also forbids regional authorities to grant licenses to companies that offer services related to virtual assets . Exemption for Regulated Securities and Financial Instruments The restriction does not apply to securities and other financial instruments governed by the Central Bank of Kuwait and the CMA despite the fact that it applies to a wide variety of cryptocurrency-related activities . This exception guarantees that conventional financial markets will continue to be governed and supervised by the appropriate authorities . The CMA has stressed the value of caution and understanding of the dangers involved with cryptocurrencies. FO...
Read more

Revolutionize Your Business with Crypto Payment Gateways

A crypto payment gateway is a software that enables businesses to accept payments in cryptocurrencies. It works by integrating with the merchant’s existing e-commerce platform or point-of-sale system, allowing customers to pay with cryptocurrencies seamlessly. The payment gateway converts the cryptocurrency payment into a traditional currency, such as US dollars or Euros, which can be deposited into the merchant’s bank account. By using a crypto payment gateway, businesses can tap into a new and rapidly growing customer base and reduce the costs associated with traditional payment methods. Furthermore, accepting cryptocurrency payments can provide businesses with a competitive advantage. The benefits of accepting cryptocurrency payments are numerous. Firstly, cryptocurrencies are decentralized and do not require intermediaries, which means lower transaction fees for merchants. This can result in significant cost savings for businesses, especially those that operate in high-volume, low-...
Read more

Mirror Protocol (MIR) Coin Overview and Weekly Technical Review

This article centers around a thorough assessment of MIR coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our MIRort aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits. What is Mirror Protocol (MIR) Coin? The Mirror Protocol (MIR) coin is a cryptocurrency that powers the Mirror Protocol, which operates on the Terra blockchain . Mirror Protocol is a decentralized synthetic asset protocol that enables users t...
Read more