Demand deposit

South Korea’s sight deposit turnover hit its lowest level in August.

(Yonhap) South Korea’s demand deposit turnover rate hit an all-time low in August amid growing uncertainty from the coronavirus pandemic, central bank data showed Tuesday, The ratio, that is, demand deposit withdrawals divided by the average deposit balance, stood at 15.5 for the month of August, according to data from the Bank of Korea (BOK). […]

Reserve banking

Bitcoin’s viability in a full reserve banking scenario

Bitcoin is often seen as several things, ranging from a commodity to a currency, and even a solution to solving all financial problems in unbanked and underbanked regions. But very few people believe that Bitcoin has the potential to completely change reserve banking, freeing consumers from being enslaved to the banking ecosystem. While there are […]