{"id":37746,"date":"2022-11-21T10:34:39","date_gmt":"2022-11-21T16:34:39","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=37746"},"modified":"2022-11-21T10:34:39","modified_gmt":"2022-11-21T16:34:39","slug":"currency-always-has-costs-ctd-35","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2022\/11\/21\/currency-always-has-costs-ctd-35\/","title":{"rendered":"Currency Always Has Costs, Ctd"},"content":{"rendered":"<p>From almost a month ago, prior to the <a href=\"https:\/\/huewhite.com\/umb\/2022\/11\/12\/currency-always-has-costs-ctd-34\/\" target=\"_blank\" rel=\"noopener\"><em><strong>FTX<\/strong><\/em> collapse<\/a>:<\/p>\n<blockquote><p>A cryptocurrency platform in the United Arab Emirates announced today it will offer a card linked to cryptocurrencies.<\/p>\n<p>The Dubai-based\u00a0<a href=\"https:\/\/blog.bitoasis.net\/mastercard-and-bitoasis-sign-strategic-partnership-across-mena-to-launch-crypto-linked-cards\/\" target=\"_blank\" rel=\"noopener\">BitOasis<\/a>\u00a0and Mastercard will partner to offer \u201ccrypto card programs\u201d that will use cryptocurrencies for everyday purchases. The cards will convert the crypto assets into fiat currency, such as US dollars or Emirati dirhams. BitOasis said in a statement that the cards will launch in early 2023.<\/p>\n<p>\u201cWe continue to witness sustained demand amongst our customers for crypto to be integrated into, and relevant, for their daily lives,\u201d said BitOasis CEO Ola Doudin. \u201cResearch tells us that 47% of the Middle East population now believe crypto is the future of money.\u201d\u00a0<em>[<strong><a href=\"https:\/\/www.al-monitor.com\/originals\/2022\/10\/dubai-based-crypto-firm-offer-payment-card?utm_medium=email&amp;utm_campaign=business%20newsletter%20102622%20October%2026%202022%20303&amp;utm_content=business%20newsletter%20102622%20October%2026%202022%20303+CID_dd8408b408a423563a095d5059af399f&amp;utm_source=campmgr&amp;utm_term=crypto%20card%20programs\" target=\"_blank\" rel=\"noopener\">AL-Monitor<\/a><\/strong>]<\/em><\/p><\/blockquote>\n<p>Given the description, deeply simplified I&#8217;m sure, this rather defeats one of the purposes of the blockchain: to record who bought what for how much.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From almost a month ago, prior to the FTX collapse: A cryptocurrency platform in the United Arab Emirates announced today it will offer a card linked to cryptocurrencies. The Dubai-based\u00a0BitOasis\u00a0and Mastercard will partner to offer \u201ccrypto card programs\u201d that will use cryptocurrencies for everyday purchases. The cards will convert the \u2026 <a class=\"continue-reading-link\" href=\"https:\/\/huewhite.com\/umb\/2022\/11\/21\/currency-always-has-costs-ctd-35\/\"> Continue reading <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-37746","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/37746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=37746"}],"version-history":[{"count":1,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/37746\/revisions"}],"predecessor-version":[{"id":37747,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/37746\/revisions\/37747"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=37746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=37746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=37746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}