27 Mar '16, 10pm

Bitcoin Crushes Bank Fees in Emerging Economies - Breitbart

New evidence is emerging that virtual currencies and distributed ledgers, like bitcoin , are gaining strength in emerging economies by cutting out huge fees charged by local banks and financial institutions. Developed markets make up only 43 percent of global gross domestic product and are generally not required to hold much foreign exchange reserves, yet they have been able to issue 87.5 percent of the world’s bonds. It is emerging market central banks that buy 80 percent of those bonds as foreign exchange reserves to gain market credibility. Because of financial immaturity, emerging market banks can charge huge fees, and — except for a small band of powerful elites — offer little local access to capital. The general population and the small local merchants remain largely unbanked or underbanked. The most egregious example of emerging market banks financially hammering th...

Full article: http://www.breitbart.com/big-government/2016/03/27/bitcoi...

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Advanced Economies Must Still Make Things

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#bitcoin

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cnbc.com 28 Mar '16, 12pm

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bitcoinmagazine.com 29 Mar '16, 2pm

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