Sentences with phrase «global currency speculators»

Not exact matches

Banks «earned their way out of debt» by lending to global speculators who used the yen loans to convert into foreign currency and buy higher - yielding assets abroad — capped by Icelandic government bonds paying 15 %, and pocketing the arbitrage difference.

Globally any currency is only worth as much as people value it on the Foreign Exchange Market, so the global success of a state - sponsored cryptocurrency may be crippled by risk - averse speculators.

It's global payment network was started in 2012, and has continued to grow as companies have adopted it, and currency speculators have taken interest in Ripple.