from Rethinking the Dollar:
Reliance on remittances and the prevalence of peer-to-peer phone payments have led to a steep rise of cryptocurrency use in Africa’s largest economy.
Almost a third of Nigerians said this applied to them.
by Stephen O’Neal, Coin Telegraph:
The central bank of France is about to start several experimental trials centering the digital euro.
Banque de France has picked eight potential candidates to test the integration of a CBDC for interbank settlements, according to the announcement published earlier today.
The list of approved participants includes mainstream juggernauts like Accenture, HSBC, and Societe Generale, as well as smaller crypto-focused players like Seba Bank and LiquidShare.
by Joseph P. Farrell, Giza Death Star:
(This week, due to company, I am on a reduced blogging schedule, and accordingly, there will be blogs today and Wednesday, and no blogs Tuesday, Thursday, or Friday. Thank you for your understanding and patience. )
G.B. spotted this article, and offered a few tangential but important comments. Essentially, it’s an “update” to the Bank of International Settlements’ plans to roll out digital currency, ultimately to replace cash:
Essentially, there are two important points to note. Firstly, various central banks are already engaged in a limited roll-out of digital currencies:
by Simon Black, Sovereign Man:
In early 1775, Benjamin Franklin and his European colleague, Charles Dumas, developed a secret method of communicating with each other.
Dumas had spent years gathering intelligence in Europe to assist the Americans in their revolt against Britain. But the two needed a secure way to pass information across the Atlantic.
So they developed a special cipher– a crude form of encryption where letters and words were substituted for numerals.
The decryption key changed with every letter; so, for example, in a letter from Franklin dated March 2, 1781, the word “MERCHANT” was written as “23. 3. 4. 13. 6. 14. 24. 18.”
Venezuela’s passport service is accepting Bitcoin as payment for some applications, according to people using the online system. The move suggests an increased shift to alternative payment systems in the South American state.
A screenshot of a Bitcoin (BTC) payment prompt on Venezuela’s Administrative Service for Identification, Migration and Foreigners (SAIME) was posted to Reddit on June 23. Social media users on other platforms confirmed that the cryptocurrency could be used by citizens overseas who are applying for a Venezuelan passport.