Britons are hoarding more than £870m in foreign currency in their homes

Britons are hoarding more than £870m in foreign currency in their homes with almost two-thirds keeping coins and banknotes in jars and drawers, survey reveals Almost two-thirds of people keep foreign coins and banknotes in jars or drawers Some admit to still having pesetas, lira and francs, all replaced by the euro  Most people surveyed said … Read more

Britons are hoarding more than £870m in foreign currency in their homes

Britons are hoarding more than £870m in foreign currency in their homes with almost two-thirds keeping coins and banknotes in jars and drawers, survey reveals Almost two-thirds of people keep foreign coins and banknotes in jars or drawers Some admit to still having pesetas, lira and francs, all replaced by the euro  Most people surveyed said … Read more

It’s Britcoin! Treasury launches task force into digital currency

It’s Britcoin! Treasury launches task force into creating a digital currency backed by the Bank of England By Lucy White For The Daily Mail Published: 22:00 BST, 19 April 2021 | Updated: 22:00 BST, 19 April 2021 Bank of England and Treasury officials have set up a panel to explore the launch of ‘Britcoin’.  The … Read more

Coinbase is here: A digital currency exchange goes public

The chief executive of crypto exchange Coinbase who became a multibillionaire on Wednesday after the company’s much-anticipated IPO started the firm from a two-bedroom apartment in San Francisco when bitcoin was worth $6.  Shares of Coinbase are listed on the Nasdaq under the ticker ‘COIN,’ and were trading around $376 after about 40 minutes of … Read more

Currency exchange giant ICE set to change hands

Currency exchange giant ICE set to change hands for £150m after Chinese owner puts it up for sale Houlihan Lokey have been appointed to sell International Currency Exchange  ICE is owned by Chinese conglomerate HNA that declared itself bankrupt ICE has more than 350 outlets, many in airports across the world By Ben Harrington and Emma … Read more

Ethereum hits new high after Visa allows virtual currency on its network

World’s second-biggest cryptocurrency Ethereum hits new high of $2,150 after Visa agrees to allow crypto-payments on its network Ethereum, which hosts the Ether cryptocurrency, traded at under $150 last year Cryptocurrencies’ total market capitalisation reached the $2tn value for the first time   Visa said it would accept the use of USD Coin for trades on … Read more

Britons are hoarding over £3.5billion worth of foreign currency from past holidays

Britons are sitting on a treasure chest of foreign currency worth £3.5billion, a survey has revealed. Over four-in-five (82 per cent) of those quizzed had taken overseas holidays in the past but only 22 per cent of them changed leftover foreign cash back into sterling when they returned home. Instead over half of holidaymakers (51 … Read more

Is Tesla buying Bitcoin a sign the currency is becoming mainstream?

Bitcoin’s value hit another record this week after Elon Musk’s electric car company Tesla revealed its $1.5billion (£1.1billion) investment in the cryptocurrency and said customers would soon be able to buy its vehicles with the currency. The virtual currency’s value has now soared by 372 per cent in the last year to over $45,000, and … Read more

Sending money overseas: The currency mark-ups by big banks revealed

Britain’s biggest banks have been accused of hiding the true cost of sending money overseas and breaching the ‘spirit’ of new laws designed to bring transparency to international payments. An investigation by This is Money and the currency conversion service Transferwise has found those wishing to send money to European countries are being hit with … Read more

What is diem? New digital currency to launch from Coinbase, Facebook and Uber 

Facebook’s much talked about cryptocurrency launch of libra has been ditched and instead the social media giant is part of a new digital currency named diem. It will be supported by the Diem Association, which consists of 27 members, of which Facebook is one. It is set to launch in January 2021 and there have … Read more