Cash cow: Cattle trade in India gets a digital twist – Sify
sify.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sify.com Daily Mail and Mail on Sunday newspapers.
Cash cow: Cattle trade in India gets a digital twist – Sify
sify.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sify.com Daily Mail and Mail on Sunday newspapers.
Sify
sify.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sify.com Daily Mail and Mail on Sunday newspapers.
welcome to a town in north central el salvador where live cattle trading is a longtime tradition. it s the kind of place where you look at people in the eye. when a deal is made, you shake hands and exchange cold, hard cash. other than feed and pasture, these cattle ranchers now have an additional worry. they know the government has legalized the new digital currency called bitcoin, and rumors are running rampant. the truth is that it s not that simple, this rancher says. if you want to know how much it s worth or how much it s going to get valued tomorrow, what if it goes up. it s like gambling. earlier this month, el salvador became the first country to adopt bitcoin as legal tender in addition to the u.s. dollar. the president says using bitcoin as legal tender will attract foreign investment, help lower commissions and remittances and give an alternative to people outside the banking system.