What Value does Tether Have?

Tether is a stablecoin. To explain, a stablecoin is a cryptocurrency that contains a smart contract linked to a trust account. A smart contract is an algorithm; or digital robot, that performs a specific act. When you make a USDT purchase, the Tether smart contract releases one $1 in US currency to the merchant.

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Bankex Launches MainWallet For Telegram With 5,000 Users

With MainWallet’s release, Bankex Group is enabling 200 million users of the popular Telegram messenger to send money, pay for goods and services, place bets, and get paid via simple Telegram messages. The name of the product – MainWallet – reflects a degree of irony by Bankex Group development team, as anyone with a Telegram nickname automatically has access to Bankex Group fintech platform and therefore has a “wallet.” This makes this wallet “main” – there is no software to download, and no additional registrations.

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Can Interest Rate Cuts Save America’s Economy?

Cutting the interest rates may not help real estate market. In fact, interest rates were already at 4.75% on 31 July 2019, which is low, The New York Times notes. To clarify, the average mortgage interest rate over the past 30 years was 6.25%. In contrast, Freddie Mac estimates the average mortgage interest rate was 3.75% on 1 August 2019. New home sales fell by 2% between June 2018 and June 2019, The New York Times estimates. Moreover, investment in residential structures has been falling for six straight quarters. Under those circumstances new home sales are below their post 2008 peak in 2017.

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