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Bank of England poll reveals XRP and other cryptocurrencies as the most favorite way of receiving money

Priya

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Bank of England poll reveals XRP and other cryptocurrencies as the most favorite way of receiving money
Source: Unsplash

Recently, Bank of England, the Central Bank of United Kingdom conducted a poll on their official Twitter handle regarding digital currencies. The central bank laid out the question on people’s most preferred method of receiving money this Christmas. The options that were laid out by the bank were cash, bank transfer, gift voucher, and digital currency.

With four more days to go for the poll to end, there are currently around 6662 total participants, and the majority of the partakers preferred receiving their Christmas money through digital currency as the option received a whopping 67% votes. The second most preferred money was cash, which received over 23% votes. Bank transfer got placed in the third position with over 8% votes and gift voucher turned out to be the least preferred with 2% votes.

Bank of England poll on Twitter | Source: Twitter

Bank of England poll on Twitter | Source: Twitter

Additionally, the comment section of the official tweet showed that XRP was one among the most preferred digital currency. Scubaman said:

“Not any digital currency! I’d accept XRP..the greatest digital asset ever created!”

Dragon Master, a Twitterati said:



“Cryptocurrencies right to one of my digital wallets. Instant transfer for a percentage of a penny in many cases. No need for banks, nobody taking a massive fee for slowing down my transfer. Cutting out the middle man is what’s smart, just like #XTZ”

Crypto Wolf, another Twitterati said:

“I am just an old dinosaur when it comes to cryptocurrency,, (in brief) in 2010 my son asked me could I lend him £20 to buy something called bitcoin ?? (what I had no clue about) so I gave him quite a bit more now please buy me @getbabb tokens “

Barnaby Perrin Aldous, an XRP enthusiast said:

“In the past its been cash or transfer, but with reference to future ambitions, my attention is shifting to digital assets. I’m interested and incidentally would like to know more about where @bankofengland stands on the matter”





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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