“Bitcoin Is About To Make Fiat Institutions Like The IMF Obsolete,” Says Market Analysts

The cryptocurrency industry’s growth has drawn a lot of attention, especially in 2021. Commentators in government at the international and national levels have had to express their stance on the industry and in particular, Bitcoin – which is the largest cryptocurrency by market valuation as well as the pioneer cryptocurrency. One such commentator, the International… Continue reading “Bitcoin Is About To Make Fiat Institutions Like The IMF Obsolete,” Says Market Analysts

Binance suspends popular fiat ramp for U.K. customers amid regulatory crackdown

Binance’s U.K. customers are currently unable t use the popular local payments provider, Faster Payments, to withdraw British pounds (GBP) from the exchange.  On Monday, June 28, a notice on the Binance website declared that GBP withdrawals via Faster Payments had been “suspended for maintenance,” according to the Financial Times. Faster Payments is a payment… Continue reading Binance suspends popular fiat ramp for U.K. customers amid regulatory crackdown

Fiat is a Fraud, Buy Bitcoin Says Billionaire Salinas

“Fiat is a fraud. Look, I started my career in 1981, the Mexican Peso was 20 to $1. Today we are at 20,000 to 1. And that is in Mexico, but if we look at Venezuela, Argentina or Zimbabwe, the numbers lose all proportions.” So said one of Mexico’s most powerful man, Ricardo Salinas Pliego,… Continue reading Fiat is a Fraud, Buy Bitcoin Says Billionaire Salinas

Fiat and crypto together at last thanks to new driver rewards system

Crypto users no longer have to set up a complicated mining farm in their cars to earn tokens while on the road — in a bit of linguistic irony, Fiat has provided a solution. According to an announcement from the Italian car manufacturer on Tuesday, Fiat’s parent company Stellantis has partnered with Kiri Technologies to… Continue reading Fiat and crypto together at last thanks to new driver rewards system

Fiat brand to electrify 60% of its models by end-2021: Executive

FILE PHOTO: The logo of car manufacturer Fiat is seen in Zurich, Switzerland October 30, 2019. REUTERS/Arnd WiegmannMILAN (Reuters) – By the end of next year 60% of the car models offered by Fiat Chrysler’s Fiat brand will be electrified, either hybrid or full electric, the Head for EMEA for Fiat, Lancia and Abarth brands… Continue reading Fiat brand to electrify 60% of its models by end-2021: Executive

Binance announces fiat on-ramp for Ghanaian Cedi

Binance has been able to harness the interest in Africa when it comes to cryptocurrency. Its latest announcement brings it one more step closer to the second-largest continent. On 17 November, Binance opened a new fiat on-ramp for the Ghanaian Cedi [GHS]. The users will be able to deposit GHS via mobile money into their… Continue reading Binance announces fiat on-ramp for Ghanaian Cedi

Fiat Chrysler and Engie EPS to set up e-mobility joint venture

MILAN (Reuters) – Fiat Chrysler and Engie EPS, a division of French utility Engie that focuses on energy storage systems and microgrids, plan to set up a joint venture to take full advantage of an expected boom in electric mobility.FILE PHOTO: New Fiat Panda and Fiat 500 mild-hybrid cars are seen in piazza Maggiore, in… Continue reading Fiat Chrysler and Engie EPS to set up e-mobility joint venture

Mastercard files a patent, proposes a new way to keep crypto transactions…

In the race of fiat and crypto payment processors trying to outperform one another, Mastercard has rolled out a futuristic idea of keeping crypto transactions private. They recently filed a patent and according to the US Patent and Trademark Office, the industry giant has proposed a method of executing the transaction on the blockchain. As… Continue reading Mastercard files a patent, proposes a new way to keep crypto transactions…

U.S. appeals court stays order requiring GM, FCA meet to resolve GM lawsuit

DETROIT (Reuters) – A U.S. appeals court on Monday stayed a lower court’s order requiring officials from General Motors Co (GM.N) and Fiat Chrysler Automobiles (FCHA.MI)(FCAU.N) to resolve GM’s racketeering lawsuit. “In order to provide sufficient time to consider the matters raised in GM’s petition, and having considered the relevant factors, we conclude that a… Continue reading U.S. appeals court stays order requiring GM, FCA meet to resolve GM lawsuit

Fiat Chrysler Resumes Brazil Operations

Fiat Chrysler Automobiles N.V. slowly started operations at its manufacturing plants in the South American country of Brazil after suspending operations for 48 days due to the ongoing coronavirus (COVID-19) pandemic. FCA noted that it is resuming vehicle production in Brazil after adopting world-standard measures in sanitation, health, safety and reorganization of processes at all… Continue reading Fiat Chrysler Resumes Brazil Operations

BABB Launches Cash-Out Fiat Gateways in 36 New Regions

Crypto wallet banking and donation app BABB has announced on April 20 that they have incorporated a cash-out fiat gateway with GBP/EUR conversion in 36 countries in Europe. According to the official announcement, users can convert fiat currency (GBP/EUR) into BAX, which is the BABB’s native token, and then be sent without having to go… Continue reading BABB Launches Cash-Out Fiat Gateways in 36 New Regions

Hit by coronavirus, Fiat Chrysler, Peugeot seek to boost cash before merger

LONDON/MILAN/PARIS (Reuters) – With their sales hammered by the coronavirus outbreak, car makers Fiat Chrysler (FCHA.MI) and Peugeot’s owner PSA (PEUP.PA) have postponed their shareholder meetings and are looking at ways to boost cash reserves ahead of their planned merger. The two car makers have turned to their banks to secure much needed cash, and… Continue reading Hit by coronavirus, Fiat Chrysler, Peugeot seek to boost cash before merger

Binance to Launch Fiat Support in South Africa, Donate $1M to Blockchain Education

Binance CEO Changpeng Zhao has announced that the company will launch a fiat gateway for South African users, allowing them to make Rand deposits. The announcement was made on day one of the Blockchain Africa conference being held in Johannesburg this week. CZ confirmed that South African traders would soon be able to make Rand… Continue reading Binance to Launch Fiat Support in South Africa, Donate $1M to Blockchain Education

Peugeot CEO Tavares says China strategy needs rethink

RUEIL-MALMAISON, France (Reuters) – Peugeot boss Carlos Tavares said on Friday PSA and Fiat Chrysler (FCA) will need to review their strategy in China after the closing of the merger between the two groups. “We are in China to stay, we need to find a formula in order to succeed,” Tavares said. Car sales of… Continue reading Peugeot CEO Tavares says China strategy needs rethink

Fiat Chrysler CEO Manley received 13.3 million euros in 2019 compensation: filing

DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCA) Chief Executive Mike Manley received compensation of 13.28 million euros ($14.45 million) for 2019, in line with a target set by the company, the Italian-American automaker said in a filing on Tuesday. Compensation for Manley, who took over as head of FCA in July 2018 after the… Continue reading Fiat Chrysler CEO Manley received 13.3 million euros in 2019 compensation: filing

Listing Spree: Binance Adds Czech, Bulgarian, Romanian Fiats

Global crypto exchange Binance has added support for another three fiat currencies, this time targeting central Europe and Balkan nations. Announced on Thursday, the Malta-registered exchange will now allow its users to purchase certain cryptocurrencies with Czech koruny (CZK), Bulgarian leva (BGN) and Romanian lei (RON) Discover iFX EXPO Asia 2020 in Macao – The… Continue reading Listing Spree: Binance Adds Czech, Bulgarian, Romanian Fiats

Crypto Could Replace Fiat By 2030 According To Deutsche Bank

Deutsche Bank has recently said that it believes cryptocurrencies could end up becoming the replacement of fiat currencies by as soon as 2030. They cite crypto to be the “forces that hold the fiat money system together”. The Deutsche Bank has recently said that it believes cryptocurrencies could end up becoming the replacement of fiat… Continue reading Crypto Could Replace Fiat By 2030 According To Deutsche Bank

British Virgin Islands Announce US Dollar-Backed Digital Currency

Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI). According to a press release on Dec. 3, the currency is part of a broader initiative to grow the local fintech sector and will be presented during the BVI Digital Economy symposium.  The coin… Continue reading British Virgin Islands Announce US Dollar-Backed Digital Currency

Auto workers, Fiat Chrysler reach tentative contract with $9K signing bonus

Fiat Chrysler merging with Peugeot owner  Fox Business Briefs: Fiat Chrysler combining with Peugeot owner to create one of the world’s largest automakers, with a market value of $48 billion. The United Auto Workers and Fiat Chrysler reached a tentative agreement Saturday on a new four-year contract, which includes a total of $9 billion in investments… Continue reading Auto workers, Fiat Chrysler reach tentative contract with $9K signing bonus

Ghana Exploring Digitized National Currency, Says Central Bank Exec

The Republic of Ghana is exploring the benefits of issuing a central bank digital currency (CBDC), the governor of the country’s central bank says. Ernest Addison, a Ghanaian economist currently serving as the governor of the Bank of Ghana (BoG), revealed that the bank is working with key stakeholders to explore a pilot CBDC project.… Continue reading Ghana Exploring Digitized National Currency, Says Central Bank Exec

Can Ethereum Become The Future of Finance as Global Debt Skyrockets?

The economic and financial news this year has been grim to say the least. As central banks battle to keep their monetary systems afloat, global debt is skyrocketing to an unsustainable level. A massive paradigm shift is needed and Ethereum could be part of it. Flawed Fiat = Galloping Debt All signals are pointing to… Continue reading Can Ethereum Become The Future of Finance as Global Debt Skyrockets?

Merged PSA and Fiat would retain all brands: Tavares

Peugeot maker PSA Group and Fiat Chrysler would retain all of their car brands if their planned $50 billion merger goes ahead, the would-be chief executive of the combined group said on Friday. PSA CEO Carlos Tavares, seen as the architect of PSA’s turnaround and in line to take the operational helm in the Fiat… Continue reading Merged PSA and Fiat would retain all brands: Tavares

Binance Adds Euro to Fiat On-Ramp Frenzy | BTCMANAGER

Cryptocurrency exchange Binance has added native platform support for the Euro through AdvCash deposits. Changpeng Zhao, the founder and CEO of Binance, indicated that many fiat currencies will be added to the platform whilst announcing support for the Russian Ruble last week, November 8, 2019. Fiat to Crypto Expansion At the beginning of 2019, Binance… Continue reading Binance Adds Euro to Fiat On-Ramp Frenzy | BTCMANAGER

Italy's economy minister expressed appreciation to FCA Chairman for Peugeot deal: sources

MILAN (Reuters) – Italy’s Economy Minster Roberto Gualtieri expressed his appreciation to Fiat Chrysler Chairman John Elkann for a planned merger with France’s automaker PSA (PEUP.PA), government sources said on Friday. In a phone call with Elkann, Gualtieri said he would closely follow the developments of the deal as “a large number of Italian qualified… Continue reading Italy's economy minister expressed appreciation to FCA Chairman for Peugeot deal: sources