Do banks accept old shillings? The Bank of England will honour every banknote that has ever been issued by them, regardless of howlong ago it ceased to be legal tender. This means you will always be able to exchange your banknotes with them for their equivalent value in pounds. ...
Many businesses now accept Bitcoin and other cryptocurrency as payment. If someone pays you cryptocurrency in exchange for goods or services, the payment counts as taxable income, just as if they'd paid you via cash, check, credit card, or digital wallet. For tax reporting, t...
While the original founder(s) of Bitcoin never exposed his/her/their identity, the quotation that can be found in Bitcoin’s Genesis block hints at the motivation of its creation: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. It might therefore make sense to ...
Stablecoins take advantage of the stability provided by central banks and the government to create reserves in government-backed fiat currencies such as the U.S. dollar. To monetize stablecoin reserves, some of the funds backing stablecoins are allocated to fixed-income securities such as short-te...
To encourage counting for preschoolers, let them count coins.At the same time, you can work on sorting the coins by size and on learning the different values of the coins. Each of these are mathematical concepts that will develop over time, but that you can encourage by practicing regularly...
Let’s note here that the option to receive a salary or bonuses in crypto is voluntary. It is the employee's choice whether to accept compensation in digital coins. The employer only provides this option. That makes an employee more willing to work for a certain employer. ...
Should Small Businesses Accept Cryptocurrency? Keep in mind that individual cryptocurrencies (like many other types of digital currencies) can be prone to extreme price fluctuation, volatility, and lack of regulation. At the same time, crypto is becoming an increasingly popular pay...
This might initially sound like a fishy area, but really it’s not. After the last financial crisis, banks tightened up their lending procedures, and while that was, in general, a good thing, it also left a lot of people out in the cold and unable to get a loan. ...
U.S Dollar D. Coins Correct Answer A. Rufiyaa ExplanationThe Maldivian currency is called Rufiyaa. Rate this question: 5. Who rigged the Maldivian election in 2012? A. PSY B. Redfoo C. Coconut D. One Direction Correct Answer C. Coconut ExplanationThe given question is asking...
You are living in a “reliable dollar” world that hasn’t existed for many years (and started unravelling over 50 years ago). The AltCoins may all have their flaws (some/many/most/all of them massive) but they *all* have their impetus ...