Bitomat

  

Categories: Banking, Tech

No, not a laundromat for your...bits. Get your mind out of the gutter.

Bitomat is a Polish Bitcoin exchange, which has been around since 2011 (only two years after Bitcoin was invented, so it’s dinosaur age in Bitcoin-years, nbd).

It was acquired less than six months after its birth by Mt. Gox Bitcoin exchange.

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Finance: What is a Dual Currency Bond?33 Views

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Finance allah shmoop what is a dual currency bond Well

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a currency duel would be way cooler to bonds One

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dusty road in the wild west a saloon a gal

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and a gun plan retired or called are paid whatever

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they call bonds when they're dead Anyway a duel currency

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bond is a bond where the principal and the interest

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payments are made in different currencies like here's a bond

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whose principal is paid off in u s dollars But

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its interest is paid in euros and yeah whatever currency

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being used for interest payments is called the base currency

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Well why would you the investor of want one of

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these things Well dual currency bonds or subject to exchange

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rate risk In other words you're making a gamble not

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just on an investment but on which way the exchange

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rate will bounce That is if you own something it's

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highly exposed two euros while then you're kind of making

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a bet that the relative to the dollar the euro

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zehr gonna appreciate mohr like the government's printing less of

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them You have less inflation whatever because then if that

01:10

repayment currency appreciates well boom you're more in the money

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Than just the interest you collected And if that currency

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doesn't appreciate well there's always bank robbery is a last 00:01:21.189 --> [endTime] resort dual currency dueling currencies No

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