Mommin' It Monday Episode 15 Crypto News

We are total goofballs! On this episode Lisa and I talked a good half an hour before realizing we were not live and not recording. Yep, we both have a case of Mondays, or better, a case of Mommin' It Monday. We apologize to everyone who was waiting for us and we are so glad we caught YOU half way there. We still managed to talk about few interesting topics that discussed by major crypto news publications. Below are some of the headlines we busted thru in an half an hour.1. US Lawmakers Set to Vote on Two Blockchain and Cryptocurrency Proposals by Dailyhold2. Coinbase CEO renews critique of Apple, says tech giant preventing its app from enabling DeFi access by theBlockCrypto
3. Apple forces Coinbase to change its crypto products, says CEO by Cointelegraph
4. The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning by Cointelegraph
And more! It is a packed 30 minutes.
Hope you get a chance to watch and catch up with some of the latest crypto news topics. I feel like…

Printer going BRRRR In Brazil - Signs of Inflation

 

The Brazilian Central Bank recently announced that it has created a NEW $200 Real Bill, which will go into circulation by the end of August 2020. Up to this month and since the introduction of the Real Currency on June 1st, 1994, the highest valued currency bill in Brazil was $100 Reais, and the lowest valued coin was 1 cent of Real. However, given the inflation accumulated over the years, Brazil no longer produces the 1 cent coin as it is too costly to produce. And, the buying power of Real has diminished considerably. To be exact, taking inflation in consideration, $100 Reais 26 years ago equals to $620 Reais today according to SuperApril.com 

Given the Pandemic, The BC of Brazil is taking measures to make sure that there is enough cash in circulation to attend to the population needs. Unlike many developing countries that have easily digitized their relief efforts for the 2020 Pandemic; Brazil is still a country with difficult digital access, with many places lacking internet accessibility. Also, the majority of the population in Brazil is currently un-banked hence the strong need for Physical Cash. "BRRRRAZIL"!

This video is all about my take on the new $200 Real bill, and my historical perspective growing up in Brazil and truly experiencing Inflation daily. Truly surreal to think that in my lifetime Brazil had 6 different currencies implemented and issued. 

So How about the US? How long do you think the penny will last? Are you feeling the impacts of inflation? Let me know your thoughts on the comments below! 

All my best,

Michelle M.
www.mammycrypto.com
Zazzle Store
Lbry Português: @MamãeCrypto
Lbry English: @Mammycrypto

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Disclaimer

My opinions are simply my opinions and not investment advice. I strongly recommend everyone in the crypto realm to do their own research and get very educated about risks and security before acquiring, earning or investing. The content in this blog/ website is not investment advice. Please note that this web site also features sponsored content.

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