POS Cryptocurrency Investment Ecosystem For Central Bank Announced

Central banks in Europe are considering a central bank digital currency (CBDC). The groundbreaking BitRich POS ecosystem makes it easier for everyone to use cryptocurrency for everyday transactions.

Los Angeles, United States - July 12, 2018 /PressCable/ —

BitRich, which is known for its cutting edge NowAndPay system that makes it easier for anyone to make everyday transactions using cryptocurrency, is opening the door for central banks to invest in cryptocurrency. Investing in crypto is a hot topic these days among entrepreneurs, investors and global traders, and the platform could be what it takes to push the finance market over the edge.

More information can be found at: http://bitrich.tech

Recently, the Bank of England governor, Mark Carney, said that he is open-minded about the idea of a central bank digital currency (CBDC) as reported in Bloomberg on May 25th, and according to Business Insider, SIX, the owner of the Swiss stock exchange is launching its own cryptocurrency exchange now as well.

Carney was speaking at the Riksbank Anniversary conference, and he was not opposed to the idea of a central bank digital currency. However, he did say that he didn’t think it would happen anytime soon.

It is often the case that institutions are slow to adapt to new technology in many ways. Carney noted that cryptocurrency is not a store of value, because it is all over the map, with nobody using it as a store of exchange.

However, this is where the BitRich platform can change the landscape. BitRich has recently been listed on a new Swiss based exchange called Airisu. More information can be found at AirisuExchange.ch and is working to create a new form whereby people can invest in cryptocurrency and use it every day in their ordinary transactions at stores, restaurants, and other venues.

The NowAndPay system makes using cryptocurrency a lot easier than ever before, with people able to use debit cards for everyday transactions.

With cryptocurrency now dominating many financial systems and the rise of blockchain technology, central banks in Europe are considering a central bank digital currency (CBDC). It’s looking increasingly likely that the market will demand it before long.

BitRich is able to make this transition easier with its real-time cryptocurrency ATM POS ecosystem, which serves the needs of millions of people globally doing their daily business deals.

Full details can be found on the URL above.

Contact Info:
Name: James Hubbard
Organization: BitRich
Address: 3660 Wilshire Blvd. 6th Floor, Los Angeles, CA 90010, United States
Phone: +1-855-791-0500

For more information, please visit http://www.bitrich.tech

Source: PressCable

Release ID: 376597

More News From digitalpressnetwork.com

Amid furor, Trump pushes pause on deciding Rosenstein's fate

Sep 23, 2018

BRIDGEWATER, N.J. — As Air Force One streaked across the desert sky and Las Vegas faded in the distance, President Donald Trump began seeking opinions. The TVs on the plane, tuned as always to Fox News, carried headlines about an explosive new story: Deputy Attorney General Rod Rosenstein had suggested wearing a wire to secretly record Trump, and raised the idea of using the 25th Amendment to remove the president from office. On the flights both to and from a Missouri rally, Trump polled staff on the plane, called his outside network of advisers and kept a careful eye on...

Flacco shines as Ravens deal Broncos first loss, 27-14

Sep 23, 2018

BALTIMORE — Joe Flacco picked apart Denver's depleted defense for 277 yards and a touchdown, and the Baltimore Ravens defeated the previously unbeaten Broncos 27-14 Sunday. Connecting with eight receivers, Flacco went 25 for 40 without an interception on a rainy afternoon. He threw 28 passes in the first half alone, when Baltimore (2-1) took control. Flacco's success came against a Denver backfield that began the day without injured cornerback Adam Jones (thigh) and lost cornerback Tramaine Brock (groin) in the first quarter. As a result, rookie Isaac Yiadom saw significant playing time at right corner. Javorious Allen caught a...

Spain saves some 440 migrants; new crackdown on rescue boat

Sep 23, 2018

ROME — Spain's maritime rescue service said Sunday it rescued more than 400 people from 15 small boats, most of them off the country's southern coast, while humanitarian groups lamented that the sole private rescue boat operating near the deadly central Mediterranean human trafficking route risked being put out of action by Italy's anti-migrant leaders. While the Spaniards pulled 447 people to safety on Saturday in the western part of the sea, two humanitarian groups which operate the last private rescue vessel in the central Mediterranean, considered the deadliest route for trafficked migrants, said Panama had yanked the ship's registration...

Jeter's Marlins finish as poorest home draw since 2004 Expos

Sep 23, 2018

MIAMI — The Marlins became the first major league team to draw fewer than 1 million fans at home since the 2004 Montreal Expos, beating the Cincinnati Reds 6-0 Sunday before 13,595 to complete the Miami portion of their schedule in Derek Jeter's first season as chief executive officer. After trading star slugger Giancarlo Stanton to Jeter's former team, the New York Yankees, during an offseason payroll purge, the Marlins went 38-43 at home and drew 811,104 for an average of 10,014. They are last in the NL East at 62-93 overall, their eighth consecutive losing season. The Marlins have...

Maldives' opposition presidential candidate claims victory

Sep 23, 2018

MALE, Maldives — Opposition presidential candidate Ibrahim Mohamed Solih, a longtime but little-known lawmaker, declared victory at his party's campaign headquarters in the capital city Male in a contentious election widely seen as a referendum on the island nation's young democracy. Supporters draped in the Maldives' flag took to the streets, hugging one another, cheering and honking horns to celebrate Solih's unexpected win. Solih had 58.3 percent of the vote, with nearly 92 percent of ballots counted just after midnight Monday, according to independent newspaper website mihaaru.com. Election watchdog Transparency Maldives tweeted that Solih had won "by a decisive margin."...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH