Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Amanda Jackson has expertise in personal ...

Discover the differences between fiat money and legal tender, their roles in the economy, and why it matters for your ...

Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common forms of legal tender in many countries. Legal ...

In the United States, the concept of “legal tender” has been surrounded by confusion for far too long. For example, it has been commonly argued that businesses cannot deny cash (technically U.S. coins ...

Pro-Bitcoin politician Sitiveni Rabuka recently took office as the new Prime Minister of the Pacific Islands of Fiji. Now, it seems the new PM is actively considering the adoption of bitcoin as legal ...

From amending the definition of "legal tender" to codifying a right to own self-hosted wallets, there is a lot of action Congress could take on crypto in 2024. To begin the new year on the right foot, ...

Will Bloomingdale’s be forced to accept Bitcoin? Remember that the main difference between electronic cash and the electronic money that we have now is that electronic cash can flow from person to ...