Digital currency

Cryptocurrencies have become increasingly popular around the world in recent years, and in Bulgaria, it turns out, there is already a store where you can shop for basic necessities and pay with bitcoins.

The US dollar strengthened slightly against major currencies today as the Euro fell in Asian trade as stock markets were nervous of tensions in Ukraine and a possible more aggressive rise in the Federal Reserve's (Fed) reference rate this week.

The currency lost 3% against the US dollar

Ljubljana – Consumers in five Central European countries, including Slovenia, have been using cashless forms of payment more often since the start of the Covid pandemic. Electronic payment is the most popular in Slovenia, where the majority of the surveyed residents would oblige retailers to offer at least one form of cashless payment.

The test period begins in October

The Turkish Central Bank signed an agreement with defense and technology firms Aselsan and Havelsan, and the Scientific and Technological Research Council of Turkey (TÜBİTAK) for the research, development and testing processes of potential digital Turkish lira.

The idea of money has come a long way and has played a part in the development of human history for at least 3,000 years. Humans have moved from the barter system to coins and paper money. Cryptocurrencies are sort of the latest evolution of money and many are starting to catch on.

The Turkish central bank (also known as CBRT or TCMB) has issued "Regulation on the Disuse of Crypto Assets in Payments." It was published Friday in the official newspaper of the Turkish government.

The central bank also announced Friday that "studies on the regulation regarding the disuse of crypto assets in payments have been completed."

Across the world, digital payment methods are becoming increasingly widespread. Where once cash was king, consumers are now turning to methods that offer greater flexibility. They no longer want to have pockets full of change or make frequent trips to their nearest ATM; rather, they like to know they have constant access to their money at the click of a button.

Ljubljana – The Slovenian central bank held a virtual debate on Thursday which heard that, although payments in the eurozone are still mostly done in cash, the increasing digitalisation forces banks to consider introducing the digital euro.