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Posts published in “Currencies”

Wise launches new features for SMEs, fintech

Wise has introduced a range of new features to its partners through the Wise Platform API, including the issuance of digital debit cards, multi-currency account details, and the capability to conduct transactions seamlessly in over 170 countries.  The platform’s latest offering, initially launched in Australia in partnership with ProSpend and Parpera, introduces a customized approach

Decrypting cryptocurrency for SMEs: Your top crypto questions answered

People use cryptocurrency for a variety of purposes. Some buyers of cryptocurrencies do so with the anticipation that their value will rise. Regardless of your financial situation, cryptocurrencies will likely impact you and your business in the future. However, the use of bitcoin in commerce is still fraught with uncertainty. Cryptocurrency is becoming a more…

Let’s Talk: Should I trust cryptocurrency with my business?

Cryptocurrencies are used for a variety of purposes by people. Some people buy cryptocurrencies with the assumption that their value will rise. Whatever your financial strategy, there is a good chance that cryptocurrencies will affect you and the way you do business in the future. However, there is still a lot of uncertainty surrounding the…

Don’t let FX fall through the cracks during the holiday sales rush

In the blink of an eye, we’re launching into the 2021 holiday sales season. As retail stores begin to reopen in Australian states emerging from lockdown, online and in store sales are set to spike once again during Cyber Monday, Black Friday and Christmas.  Amidst preparation for the retail holiday sales rush, it’s important that…

Send money across the world using Wise

Wise, formerly known as TransferWise, allows businesses and individuals to hold and trade using multi-accounts. Using Wise makes international purchases and purchases straightforward and transparent.  Why Wise Wise can be used to send one-off international transfers of any size. For longer-term solutions, Wise supports multi-currency accounts. Using the service, businesses and individuals can manage their…

Police crack down on sim-swapping gang that stole millions in cryptocurrency from celebs

Listen to this story Authorities have taken down a criminal network of 10 individuals across various countries for allegedly running a scheme that resulted in millions stolen from US celebrities, including sport stars, social media influencers and musicians. A total of 10 individuals have been arrested in the UK, Scotland, Malta and Belgium for allegedly…

Bitcoin price soars after Tesla bets big on the cryptocurrency

Listen to this story Worshippers at the house of Bitcoin are likely looking to Elon Musk as a heaven-sent blessing today, as the price of the usually unstable cryptocurrency surged following a big Tesla announcement. On Tuesday morning, electric vehicle and clean energy company Tesla unveiled its annual report, and buried there, without any sort…

Leverage crypto traders lose over $US13 billion in 2020

Data from cryptocurrency trading simulator Crypto Parrot has found that cryptocurrency traders on Bitfinex and BitMEX lost $US13.47 billion in 2020. The data found that $US9.26 billion of long positions and $US4.21 billion of short positions were liquidated over 2020. Credit: Crypto ParrotCrypto shorting is a bet that the price of a certain crypto asset…

Will we see more Australian businesses transact with cryptocurrency?

Cryptocurrencies have had a rocky road towards mainstream acceptance. In 2017, the CEO of JP Morgan, Jamie Dimon, called bitcoin “a fraud”. However in 2019, JP Morgan became the first US bank to successfully test its own digital coin.   The growth of digital currency has enthralled investors. Bitcoin, the world’s largest cryptocurrency by market…