What is the exchange rate of EUR (Euro) / USD (US Dollar) on Monday September 14, 2020

What is the exchange rate of EUR (Euro) / USD (US Dollar) on Monday September 14, 2020

EUR USD exchange rate

Get the latest mid-market rate for EUR (Euro) / USD (US Dollar) for Monday September 14, 2020 right here. 

The latest rates for EUR (Euro) / USD (US Dollar)  are available below. As a leading finance news site the team at Born2Invest collates and analyses the latest Forex Market data to bring you live information to help you make the right forex trading decisions. 

Monday September 14, 2020 1 EUR (Euro) is worth 1.18805 of USD (US Dollar) . 

Remember to always trade with a reputable broker. It’s also possible to apply forex concepts to cryptocurrency trading.

Forex trading is risky and complicated. There are countless pairs to choose from and it’s easy for a novice trader to become overwhelmed. Information is power and Born2Invest has curated some beginners forex trading tips to help you get started.

Currency pairs are the foundation of forex trading. Whenever you purchase one currency you sell another. Every pair has a base currency, in this example EUR (Euro) and a quote currency, or USD (US Dollar).

A currency pair represents how much quote currency, or USD (US Dollar), that needs to be spent in order to purchase one unit of EUR (Euro), the base currency. In the current example you would need to spend 1.18805 of USD (US Dollar) in order to purchase 1 EUR (Euro).

Forex pairs can be broadly separated into three categories; the majors, the commodity currencies, and the cross currencies:

  • Major currencies are the most traded currencies on the market. Which currencies make the cut will vary, but almost all lists will include EUR/USD, USD/JPY, GBP/USD, and USD/CHF
  • Commodity currencies are currency pairs where their value is closely tied to a commodity such as oil, coal, or iron ore. Examples include AUD/USD and USD/CAD
  • Cross currencies are currency pairs which don’t include USD. Examples include EUR/GBP and EUR/JPY.
  • Cryptocurrencies share many aspects with forex trading, namely the concept of currency pairs and high volatility but there are some key differences. Cryptocurrencies aren’t currencies persae, and are usually traded against Bitcoin, which takes the role of USD on many exchanges.

    It is also difficult to trade cryptocurrency outside of exchanges and there is more security risk than trading with a registered broker. One way around this is to use a CFD broker which enable traders to purchase contractors for specific amounts of crypto, without directly owning it.

    Source: born2invest.com


    Star-Studded Line-Up on Judging Panel Announced for Wirex and The Fintech Times' 'Rising Women in Crypto Power List'

    Star-Studded Line-Up on Judging Panel Announced for Wirex and The Fintech Times’ ‘Rising Women in Crypto Power List’

    LONDON, Sept. 14, 2020 /PRNewswire/ — Following the recent announcement that leading payments platform, Wirex are launching their inaugural ‘Rising Women in Crypto Power List’ in partnership with The Fintech Times, the companies have revealed the list of their highly sought after judging panel.

    Wirex and The Fintech Times are calling on women driving the future of digital currencies, to nominate themselves and others that they believe are making a difference in the space. There has been an overwhelming response from the community already, with over 250 entries into the competition that closes on the 30th September. The nominations of exceptional women will be then be analysed by a group of hand-selected judges and experts in their field, representing a range of disciplines and backgrounds, including:

    – Dr. Ruth Wandhöfer – Fintech Global 50 Influencer, former Global Managing Director at Citi, VC investor for fintech in Gauss Ventures, I-NED and advisor

    – Pavel Matveev – CEO and co-founder of Wirex, with 15 years experience in software development and IT management, and firm advocate of the mass adoption of cryptocurrencies

    – Jason Williams – CEO of The Fintech Times and Founder of the Fintech Power 50

    – Myrtle Ramos – Founder of Blocktides and Business Director of Asia Token Fund, renowned for empowering women and youths through blockchain

    – George Coxon – Chief Operating Officer at the Nano Foundation and Director of Appia, on a mission to make the global economy equal and open to all

    With considerable first-hand experience and knowledge of what it takes to be an inspirational figure in the cryptocurrency and fintech arenas, the judges will be assessing nominees in terms of their achievements, potential, leadership skills, ambition, influence and innovation. The judges are considering women that have long-standing experience in the field, as well as those that may be new to the scene and developing.

    The Power List was created by thefemale employees working at Wirex, inspired by the companies’ vision to empower everyone, and especially women, to experience a world where all currencies are equal. By offering a platform where anyone can seamlessly spend multiple crypto and traditional currencies in the everyday, they are endeavouring to use this campaign, as well as other insightful content, to inspire women to get involved in the blockchain space that is so often stereotypically associated with men.

    Pavel Matveev, CEO and Co-Founder of Wirex, and one of the judges of the panel, explained that: “It’s very exciting to be part of such an inspirational and relevant campaign, at a time when women in the fintech and cryptocurrency sectors should be praised for their achievements. We hope that Wirex and The Fintech Times are able to give these women a platform to be celebrated, and showcase some of the incredible women making waves in this space.”

    Dr. Ruth Wandhöfer, a Fintech Global 50 Influencer and also on the judging panel, went on to say: “I’ve been an advocate for women’s involvement in the fintech and crypto spaces for many years, and I’m delighted to be invited to be a judge for this Power List. There’s been an incredible selection of entries so far, and we hope that this only continues for the remainder of the competition.”

    Entries for the ‘Rising Women in Crypto Power List’ remain open and close on the 30th September, with a longlist being published by Wirex and The Fintech Times on the 5th October. The final 10 winners will be announced on the 2nd November. To nominate yourself or someone else, simply fill out the short form here: https://wirexapp.com/blog/post/rising-women-in-crypto-power-list-2020-0211

    About Wirex

    Wirex is a worldwide digital payment platform and regulated institution that has forged new rules in the digital payments space. In 2015, the firm developed the world’s first contactless payment card that gives users the ability to seamlessly spend crypto and traditional currencies in real life.

    Wirex was created in 2014 by CEOs and co-founders Pavel Mateev and Dmitry Lazarichev, who identified the need to open up the esoteric world of cryptocurrencies and make digital money accessible for everyone. With the core aim of making it as easy as possible to use digital assets in everyday life, Wirex provides a trusted and cost-effective service for crypto and traditional currency transactions by incorporating the next generation of payments infrastructure integrated with cryptocurrency blockchains.

    With over three million customers across 130 countries, the company offers secure accounts that allow customers to easily store, buy and exchange multiple currencies instantly at the best live rates on one centralised mobile app. Quick and simple money transfer options are available, as well as the freedom to spend 150+ traditional and cryptocurrencies in more than 54 million locations around the world using the Wirex card.

    Wirex continues to develop the product in line with market developments, whilst adhering to regional regulations and securing appropriate licencing where it exists. A proven industry pioneer, Wirex introduced the world’s first bitcoin reward programme, Cryptobackâ„¢, which earns cardholders up to 1.5% back in Bitcoin for every in-store transaction they make. They also launched their own native utility token, WXT, which entitles holders to rewards and incentives such as heavily-discounted fees and higher Cryptobackâ„¢ rewards.

    Wirex is based in London with offices in Singapore, Kyiv, Tokyo, Toronto, Dallas and Atlanta. With over $3bn worth of transactions processed already and rapid expansion into new territories, Wirex is uniquely placed to support and promote the mass adoption of a cashless society through creative solutions. 

    | wirexapp.com |

    [ Back To www.mobilitytechzone.com\LTE’s Homepage ]

    Source: www.mobilitytechzone.com


    What is the value of GBP (British Pound Sterling) / USD (US Dollar) on Monday September 14, 2020

    What is the value of GBP (British Pound Sterling) / USD (US Dollar) on Monday September 14, 2020

    GBP USD exchange rate

    Ready for the mid-market exchange rate of GBP (British Pound Sterling) / USD (US Dollar) for Monday September 14, 2020?

    The current rates for GBP (British Pound Sterling) / USD (US Dollar) are available in this article. As a top finance news site the Born2Invest team has analysed the latest forex market data to bring you live information that enables you to make the right forex trading call every day.

    Monday September 14, 2020 1 GBP (British Pound Sterling) is 1.288037 of USD (US Dollar) .

    Remember to always trade using a reputable broker. It’s also possible to apply many forex concepts to cryptocurrency trading.

    Considering making a trade? Forex is one of the most volatile markets in the world and there are hundreds of currency combinations to choose from. Understanding how the market works is key and we’re here to help you.

    Currencies are always traded in pairs. When you buy or sell one currency you automatically buy or sell another. In every currency pair there is a base currency, in this case GBP (British Pound Sterling) and a quote currency USD (US Dollar).

    The price displayed for a currency pair represents the amount of quote currency, or USD (US Dollar) you will need to spend to purchase one unit of the base currency GBP (British Pound Sterling) In this example that means you need to spend 1.288037 of USD (US Dollar) in order to purchase 1 GBP (British Pound Sterling).

    Forex pairs can be grouped into three main categories; the majors, the commodity currencies, and the cross currencies:

  • Major currencies are the most commonly traded currencies on the market. Different publications will use different criteria but pretty much every list will include EUR/USD, USD/JPY, GBP/USD, and USD/CHF
  • ll Commodity currencies are currency pairs that are closely linked to commodities such as oil, iron ore, and coal. Common examples include AUD/USD and USD/CAD
  • Cross currencies include all currency pairs that don’t include USD. Examples include EUR/GBP and EUR/JPY.
  • Cryptocurrencies share many aspects with forex trading, namely the concept of currency pairs and high volatility but there are some key differences. Cryptocurrencies aren’t currencies persae, and are usually traded against Bitcoin, which takes the role of USD on many exchanges.

    It is also difficult to trade cryptocurrency outside of exchanges and there is more security risk than trading with a registered broker. One way around this is to use a CFD broker which enable traders to purchase contractors for specific amounts of crypto, without directly owning it.

    Source: born2invest.com


    INX starts accepting crypto payments after raising $7.5M in its IPO

    INX starts accepting crypto payments after raising $7.5M in its IPO

    INX, a Gibraltar-based cryptocurrency exchange, is now accepting major cryptocurrencies as part of its initial public offering, or IPO. The company hopes to raise $117 million from both retail and institutional investors.

    According to the announcement, more than 3,000 retail and accredited investors registered for the INX token offering in the first 3 days. INX says that the company set the offering price $0.90 per token with a minimum investment of $1,000. BTC/USD, ETH/USD and USDC/USD exchange rates will be determined in the manner as disclosed in the final prospectus, the firm noted.

    As previously reported, INX’s ongoing sale is the first-ever security token IPO that is registered with the United States Securities and Exchange Commission, or SEC. A registration statement relating to the offering of these securities was declared effective by the SEC on Aug. 20, 2020.

    In the announcement, INX clarified that the offering is only available in California, Colorado, Connecticut, Georgia, Hawaii, Illinois, Louisiana, Michigan, Minnesota, New York, Texas, Washington, Wisconsin and Wyoming.

    According to the firm, INX intends to use the funds raised from the sale of INX tokens to launch a multi-service digital asset platform. As such, INX plans to set up a regulated crypto trading platform for crypto, security tokens, and their derivatives, as well as to launch a cash reserve fund.

    In late August, some figures in the crypto community explicitly criticized INX for “shilling” a SEC-cleared token. As reported, Stefan Jespers, known as WhalePanda on Twitter, compared the INX token to Binance’s native coin Binance Coin (BNB). Jameson Lopp, the CTO of Casa and a self-proclaimed cypherpunk, expressed a similar stance, stating: “Not an equity offering. Not yo’ mama’s ICO. A guaranteed share of cash flow.”

    Source: elexonic.com

    Author: by elexonic


    What is the exchange rate of USD (US Dollar) / KRW (South Korean Won) on Monday September 14, 2020

    What is the exchange rate of USD (US Dollar) / KRW (South Korean Won) on Monday September 14, 2020

    USD KRW exchange rate

    Get the latest mid-market rate for USD (US Dollar) / KRW (South Korean Won) for Monday September 14, 2020 right here. 

    The latest rates for USD (US Dollar) / KRW (South Korean Won)  are available below. As a leading finance news site the team at Born2Invest collates and analyses the latest Forex Market data to bring you live information to help you make the right forex trading decisions. 

    Monday September 14, 2020 1 USD (US Dollar) is worth 1182.110106 of KRW (South Korean Won) . 

    Remember to always trade with a reputable broker. It’s also possible to apply forex concepts to cryptocurrency trading.

    Forex trading is inherently risky and there are countless forex pairs to choose from. The only way to make a profit from forex trading is to understand how the market works. Luckily for you the Born2Invest forex team has collated some forex trading tips to get you started.

    Forex trades are always made using currency pairs. Whenever you buy one currency you are selling another. In every pair there is a base currency, for example USD (US Dollar) and a quote currency, which would be KRW (South Korean Won).

    The price of a currency pair represents the amount of quote currency, or KRW (South Korean Won), that you will need to spend in order to purchase a single unit of USD (US Dollar), the base currency. So using the current example you would need to spend 1182.110106 of KRW (South Korean Won) in order to purchase 1 USD (US Dollar).

    Forex pairs fall into three categories; the majors, the commodity currencies, and the cross currencies:

  • Major currencies represent the most commonly traded currencies on the market. Different brokers will use different criteria, but almost all lists will include EUR/USD, USD/JPY, GBP/USD, and USD/CHF
  • Commodity currencies are currency pairs whose price is closely tied to commodities such as oil, iron ore, and coal. Commonly cited examples are AUD/USD and USD/CAD
  • Cross currencies are all currency pairs that don’t include USD. Examples include EUR/GBP and EUR/JPY.
  • Cryptocurrency trading shares many similarities to forex trading. Specifically the concepts of currency pairs and high price volatility. That being said there are some key differences. Cryptocurrencies don’t operate like fiat currency and many are tied to a project or product. The crypto market is also highly unregulated, which makes it inherently risky compared to trading forex.

    Additionally most cryptocurrency trades happen on exchanges. These are generally unregulated and come with a certain degree of risk that many investors would find unacceptable. One alternative is to trade using a CFD broker which allows crypto pairings, but this means you will not directly own and cryptocurrency you buy.

    Source: born2invest.com


    The Crypto Firms Collaborating on a Swiss Franc Stablecoin

    The Crypto Firms Collaborating on a Swiss Franc Stablecoin

    The folks building the next generation of digital money in Switzerland understand the need to collaborate.

    Stablecoins, digital tokens pegged one-to-one to the Swiss franc (CHF) in this case, are a prime example. SEBA Bank and Sygnum Bank, the two B2B players that hold banking licenses from the Swiss Financial Market Supervisory Authority and that specialize in digital assets, are both involved in stablecoin explorations, as is the country’s respected crypto conglomerate, Bitcoin Suisse. 

    “Within the Crypto Valley and here in Switzerland, there’s a very good collaboration going on, where everyone’s working together to try to design a Swiss franc stablecoin which has more or less the same definition or is fully interoperable,” said Matthew Alexander, SEBA Bank’s head of asset tokenization. 

    Related: ‘No Other Option but More Collateral’: The Short- (and Long-) Term Fixes for Dai’s Broken Peg

    “Coopetition” is an ungainly term at the best of times, while “interoperability” is a word that gets bandied about the blockchain world an awful lot. But it appears that’s what’s happening among Swiss stablecoin issuers.

    The end goal, Alexander said, is that “you’ve got something which a consumer, or a central bank or a corporate can trade with anybody else because they know they have the same thing on the other side.” 

    The Swiss also see the advantage in avoiding the kind of separate and competing currency pairs that have emerged with USD stablecoins like tether (USDT) and USDC.

    Sygnum, which works in partnership with telco giant Swisscom, recently claimed the world’s first e-commerce transaction using a bank-issued stablecoin, the Sygnum Digital Swiss Franc (DCHF).

    Related: European Ministers Call on EU Commission to Regulate Stablecoins

    “We are absolutely in discussion with other players in the ecosystem,” Martin Burgherr, co-head of clients at Sygnum Bank, said on the topic of stablecoins. “To the clients, it’s a new way to transfer assets via a blockchain and this requires some disruption, and disruption is easier if you not only compete but also team up on certain aspects. We think that there will probably be multiple stablecoins for multiple purposes, but agree that you don’t need 200 stablecoins with a Swiss franc common denominator.”

    Bitcoin Suisse is no stranger to crypto interoperability, having led the OpenVASP network to harmonize global anti-money laundering (AML) standards. The firm’s Swiss Crypto Tokens AG subsidiary was the first of the three to come out with a Swiss franc stablecoin, the CryptoFranc (XCHF).

    “Within the Swiss crypto industry, we are in frequent discussion with partners and other stablecoin issuers to see what cooperation and new use cases may make sense for the XCHF and how we can further adoption of cryptocurrencies in general,” said Armin Schmid, CEO of Swiss Crypto Tokens. 

    All three firms praised the support of the Swiss National Bank (SNB). Asked for comment on the growth of stablecoins in Switzerland, a spokesman for SNB referred to a speech by the bank’s chairman, Thomas Jordan.

    “We believe that cryptocurrencies and cryptocurrency-based tokens are of only limited use as payment instruments, stores of value and units of account because they are subject to major fluctuations,” he said last September. “The picture may be different for stable coins, however.”

    Diving into the nuts and bolts, there are two levels of stablecoin interoperability, said SEBA’s Alexander. On the one hand, there’s the relatively straightforward technological design of the coins; on the other, the legal and regulatory underpinnings. 

    Stablecoins, normally built on the Ethereum ERC-20 standard, have an advantage in Switzerland because they tend to be regulated and audited by firms like PwC or Grant Thornton. Starting out with small projects and experiments, an agreed-upon set of rules and auditing capabilities can be defined.

    “It literally becomes like an open banking API, and those who prove capable will be allowed to join the network,” said Patrick Salm, SEBA’s head of token platform. “A lack of collaboration will result in five standards and a race for a standard, which is not efficient.”

    Standardized common languages are critical. For example, an attempt to implement a stablecoin such as tether (USDT) or USDC within a core banking system would not work, simply because such systems are not capable of handling a four-character currency unit, Salm pointed out. Currencies, according to ISO definition, are supposed to be three characters.

    “It starts with stuff like this,” said Salm. “We’re not just talking about using a four-digit stablecoin as a settlement coin. … It’s really about the deep roots of banking.”

    Naturally, interoperability is front and center when it comes to establishing a euro stablecoin, said Alexander of SEBA. 

    “We are trying to help design something that is truly interoperable,” Alexander said, adding: 

    “If lots of European countries are doing their own definition of a euro, you destroy the idea of a European Union when you reach a border and have to exchange your currency in your electronic wallet. You’ve got to have one definition and one means of operating; otherwise, what’s the point of having an integrated European banking system?”

    • The Crypto Firms Collaborating on a Swiss Franc Stablecoin
    • The Crypto Firms Collaborating on a Swiss Franc Stablecoin

    Source: finance.yahoo.com

    Author: Ian Allison


    What is the exchange rate of EUR (Euro) / USD (US Dollar) on Monday September 14, 2020


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