When bitcoin was invented in 2009, it was pegged to the US dollar.Since then, it’s been used to buy and sell everything from online shopping to a mobile phone.That has led to the currency’s price fluctuating wildly.Bitcoin prices are now rising, but not for long.The price of one bitcoin has risen more than 10,000 percent…
Tag: currency rate
Korea’s currency is getting a currency rap
Yap Island, Korea, has a currency that has made it the butt of jokes around the world: the “yap” in its name.But while the term “yip” has been around since the late 1700s, the “pang” currency it’s a hybrid that uses both the Korean for “money” and the “korean” for “bank”.“The reason why we call…
Swiss bank pays €40m to buy U.S. mortgage for €100M
U.K. banks are offering U.A.E. lenders a cheaper, more flexible loan option, after their banks found themselves unable to sell mortgages due to high interest rates and the prospect of Brexit.The London-based HSBC and Barclays Group are both seeking bids for mortgage products at a price of about $45 a month and $50 a month…
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