Britons are hoarding more than £870m in foreign currency in their homes with almost two-thirds keeping coins and banknotes in jars and drawers, survey reveals Almost two-thirds of people keep foreign coins and banknotes in jars or drawers Some admit to still having pesetas, lira and francs, all replaced by the euro Most people surveyed said … Read more
Britons are hoarding more than £870m in foreign currency in their homes with almost two-thirds keeping coins and banknotes in jars and drawers, survey reveals Almost two-thirds of people keep foreign coins and banknotes in jars or drawers Some admit to still having pesetas, lira and francs, all replaced by the euro Most people surveyed said … Read more
Currency exchange giant ICE set to change hands for £150m after Chinese owner puts it up for sale Houlihan Lokey have been appointed to sell International Currency Exchange ICE is owned by Chinese conglomerate HNA that declared itself bankrupt ICE has more than 350 outlets, many in airports across the world By Ben Harrington and Emma … Read more
World’s second-biggest cryptocurrency Ethereum hits new high of $2,150 after Visa agrees to allow crypto-payments on its network Ethereum, which hosts the Ether cryptocurrency, traded at under $150 last year Cryptocurrencies’ total market capitalisation reached the $2tn value for the first time Visa said it would accept the use of USD Coin for trades on … Read more
Britons are sitting on a treasure chest of foreign currency worth £3.5billion, a survey has revealed. Over four-in-five (82 per cent) of those quizzed had taken overseas holidays in the past but only 22 per cent of them changed leftover foreign cash back into sterling when they returned home. Instead over half of holidaymakers (51 … Read more
Britons are sitting on a treasure chest of foreign currency worth £3.5billion, a survey has revealed. Over four-in-five (82 per cent) of those quizzed had taken overseas holidays in the past but only 22 per cent of them changed leftover foreign cash back into sterling when they returned home. Instead over half of holidaymakers (51 … Read more
Bitcoin’s value hit another record this week after Elon Musk’s electric car company Tesla revealed its $1.5billion (£1.1billion) investment in the cryptocurrency and said customers would soon be able to buy its vehicles with the currency. The virtual currency’s value has now soared by 372 per cent in the last year to over $45,000, and … Read more
Britain’s biggest banks have been accused of hiding the true cost of sending money overseas and breaching the ‘spirit’ of new laws designed to bring transparency to international payments. An investigation by This is Money and the currency conversion service Transferwise has found those wishing to send money to European countries are being hit with … Read more
Facebook’s much talked about cryptocurrency launch of libra has been ditched and instead the social media giant is part of a new digital currency named diem. It will be supported by the Diem Association, which consists of 27 members, of which Facebook is one. It is set to launch in January 2021 and there have … Read more
In the same week the British Treasury announced new proposals to help maintain access to physical cash, around 50,000 people in China were handed 200 digital yuan, around £23, each. Much in the way the UK government handed out ‘helicopter money’ to those eating out to help out in August, China’s version last week had … Read more