ERATO BRYN

                                               credits: alphacard.me Payments giant VISA could soon add Bitcoin and other cryptocurrencies to its expansive payments network, CEO Alfred Kelly said during an online appearance last week. However, despite the words, Kelly is not entirely convinced of the broader use case of cryptocurrencies so far. The payments veteran said that while Bitcoin was among the most widely used and known cryptocurrencies, its function was more like “digital gold” and that it was “not used as a form of payment in a significant way at this point.” Cryptocurrency services are, so far, allowed only for exchanges and wallet providers who receive fiat from a customer and exchange it to crypto on their end. This means that whenever a customer uses a “crypto card” at a retail merchant, the  actual  crypto itself does not interact with the VISA network. Instead, the exchange sells an equivalent amount of crypto, and VISA processes the payment in fiat. But Kelly says tha

               There has been quite misconstrued versions of stories surrounding cryptocurrency investments, and especially the most renowned one- Bitcoin (BTC). While it is agreeable that hoaxes and scamming has been rampant in the recent past over what con men term to be "bitcoin investment", finding a real and verified cryptocurrency trading platform will ease the hustle of you being a target to cons.            I was introduced to cryptocurrency by a roommate from my days in Campus. I was suspicious of the idea and I therefore "blew" a whooping Kshs. 100 to purchase my first bundle of bitcoins. That was about six years ago. I forgot about the a hundred shillings as they wouldn't be sold at a value worthy enough to satisfy my needs. September 2020, I was fixated! The idea of my crypto-trading account crossed my mind, however I grew numb because I had forgotten the password and had also lost the paper code to help with my login. I therefore requested a passwor

The Australian government is planning to spend AUD 190 billion (USD 132 billion) to support the economy in response to COVID-19, according to the latest Parliamentary Budget Office estimate. The total impact of COVID-19 on the government’s net debt, including both revenue impacts (down, because of less activity) and spending impacts (up because of spending to support the economy) amounts to between 11% and 18% of gross domestic product, or AUD 500 billion to AUD 620 billion. The estimates are based on the three possible scenarios developed by the Reserve Bank: “downside”, “baseline” and “upside”. Each differ in their assumed timing of the relaxation of social distancing and other restrictions, and for how long uncertainty and diminished confidence weigh on households and business activity. With similar blow-outs around the world, a view gaining ascendancy, including amongst commentators such as Alan Kohler, is that government debt doesn’t matter – provided the government owes the money