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ragster
su1gnwxis@lnmarkets.com
npub1gyhy...hv26
UK 🇬🇧 London Bitcoiner. Orange pilling High Street Bank. Payments. Umbrel ☂️⚡️node=BTCRich
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ragster 2 years ago
Retail is back. 50% increase in volumes to exchanges and doubling of values in last couple of months
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ragster 2 years ago
The FT hates Bitcoin. Especially when it goes up in fiat terms!! image
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ragster 2 years ago
Money history in UK Throughout human history, the way that we pay for goods and services has been becoming progressively less tangible and more remote. Early human history was a barter economy. Then coins started appearing in the world around 600 BC, and the Romans brought them to Britain around the first century AD. The Royal Mint was founded in 886 and is the 10th oldest company on the planet. Cheques appeared around 1660 - issued by Goldsmith bankers for making loans. Banknotes - exchangeable for the equivalent value in gold - were produced in the UK from the mid-18th century. Wire transfers became possible around 1871. Around 1960, wages started to be paid direct into bank accounts, and the first ATM was introduced in 1967. The rate of change has accelerated rapidly over recent decades, with credit cards, debit cards, contactless, online banking, mobile banking and digital wallets. With each wave of innovation, money is less physical. and increasinglv has simply become a digitised number. As our relationship with money changes, the way that we authorise, understand and control our payments have changed at incredible pace over recent years. In 2022, 86% of payment transactions in the UK were digital, compared to 44% in 2012
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ragster 2 years ago
2012: "No one uses it" 2013: "Only criminals use it" 2015: "Only nerds use it" 2017: "Only speculators use it" 2019: "Only a small % of the world uses it" 2020: "Only small companies use it" 2021: "Only small countries use it" 2022 and 2023?
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ragster 2 years ago
UK banks have a mixed ability to allow payments to crypto exchanges
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ragster 2 years ago
Could they use bolt cards instead? Replace tokens with sats and that would be interesting. Fixed costs is 4000 sats a go (£1) image
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ragster 2 years ago
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at It will surprise nobody that London accounts for an outsized share of Britain’s output, but the magnitude of the UK’s economic monopolarity is remarkable. Removing London’s output and headcount would shave 14 per cent off British living standards, precisely enough to slip behind the last of the US states. Britain in the aggregate may not be as poor as Mississippi, but absent its outlier capital it would be. image
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ragster 2 years ago
Bought lunch at calm Indian cow using bitcoin today. However schoolboy Error… I forgot to check and sent an on chain payment! 8000 sats fee! Location. 40 Clifton Street, London, EC2A 4DX
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ragster 2 years ago
The HSBC UK fiat exit gates are closing. From August 2023, we’re limiting the value of payments you can send to cryptocurrency exchanges using: your debit card our digital banking services (Online & Mobile Banking) our branch & contact centres We will apply the following limits: • Payments – £2,500 for a single payment and a total payment limit of £10,000 in any rolling 30-day period • Debit cards – £2,500 for a single card payment and a total card payment limit of £10,000 in any rolling 30-day period