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Will anyone still buy coffee with bitcoin? Digital currency's surge impairs its usefulness in real life "A customer wanted to pay for a HK$56 cup of coffee, but since the transaction fee was HK$97, we had to decline," said Paul Li, manager of the Crescent Moon in Kowloon, one of 30 establishments in Hong Kong that accept the digital currency in lieu of cash. "The transaction fee was only about HK$5 to ...
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New Cryptocurrencies On Anvil: OilCoin Backed By Crude Oil Reserves And Petro From Venezuela The Petro will likely help Venezuela fix its economy. Venezuela's oil reserves can be worth $267 billion worth of financial instruments. The Maduro government has set up a separate ministry, Unique Registry of Digital Mining, to recruit miners for the digital currency. So far, over 8.6 lakh persons have ...
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Government interference stifling service delivery, says MDC-T "The Reserve Bank of Zimbabwe (RBZ) has the sole responsibility of prioritising and allocating foreign currency to all the sectors of the country's economy. ... Gutu said the MDC-T was, however, pleased to note that the RBZ had since pledged to make sure that adequate foreign currency would be ...
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Business optimistic about economic turnaround "Given the performance of 2017 where we have seen that, yes there were pressing issues about prices, currency unavailability, we still have optimism and the good thing is that we believe those cases are being attended to. We believe the currency issue can be addressed by increasing exports," ...
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