Tag: Adoption

Trading of cryptocurrencies like Bitcoin has been declared forbidden for Muslims by the national council of Islamic scholars in Indonesia, as the popularity of digital currencies grows in the world’s largest Muslim-majority country. How Indonesian Muslim crypto enthusiasts find a way around Islamic fatwa, Erwin Renaldi and Hellena Souisa said on ABC News. Key points:…

El Salvador announced Saturday plans to create a “Bitcoin City” near a volcano funded by the cryptocurrency, the President said. Also, the country plans to partner with Blockstream, a digital assets infrastructure company, to raise about $1 billion via a “Bitcoin Bond.” The Central American nation plans to build a “Bitcoin City” near the Conchagua…

Despite the impact of the pandemic, the survey conducted by Visa reveals that consumers in the UAE are gaining confidence in their shopping behaviors towards the local merchants, digital payments, online shopping, and cryptocurrencies. Also, 84% of UAE consumers know about cryptocurrencies, with about half of them seeing crypto as an alternative to cash. According…

Depending on who you ask, cash will not remain king. The Covid-19 pandemic not only accelerated the shift toward digital and contactless payments but also led to a more mainstream acceptance of physical cash alternatives like cryptocurrency that will likely stay, economist Eswar Prasad tells CNBC Make It. “For many consumers and businesses that made…

AMC theater chain has revealed that it is starting to let moviegoers in the United States pay for their tickets and snacks in Bitcoin and other cryptocurrencies. In August, AMC has announced that it will start accepting cryptocurrency by the end of the year. Now, company CEO Adam Aron has revealed on Twitter that you…

Saudi Arabia and the UAE are rolling out a red carpet of easy cryptocurrency regulation, US crypto entrepreneurs say. It’s setting up a contrast to the US, where officials are tightening crypto rules. Financial giants like Goldman Sachs CEO David Solomon and Blackstone CEO Stephen Schwarzman attended the Future Investment Initiative in Riyadh, where joined…