Tag - Interest

Traditional Money on the Decline Amid Rising Interest in Digital Currencies

Paying with traditional banknotes is on the decline as interest in contactless payments and digital currencies rises. That’s according to the co-founder of the Sohn Conference Foundation. Speaking with CNBC on the sidelines of the Sohn Conference in London, Evan Sohn said that a world without fiat money is quickly approaching, adding: How far are we from a restaurant that says we only take online payment? If you eat here, you have to download this application and we only take electronic payment, no [...]

Wealth Managers Are Seeing a Spike in Investors’ Interest in Bitcoin

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. As Bitcoin continues to gain in value, wealth managers are finding themselves being questioned about the asset and whether they should Invest in it. One such company that is experiencing this is Cumberland Advisors, based in Sarasota, Florida. In an interview with Bloomberg, David Kotok, co-founder, chairman and CEO of Cumberland Advisors, said that clients are frequently asking them about the digital currency. They think it’s cool. It has [...]