Press "Enter" to skip to content adds support for Ethereum {ETH} and Monero {XMR}; Ex-Interpol director fears the advent of a cashless society

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Björn Gustaf Eriksson is a Swedish individual who had served as the Swedish Chief of Police. Björn had also been associated with the Swedish Coast Guard, the Swedish Customs Service, and so on. He was also the president of Interpol from 1994 to 1996.

Over 5 years ago, Mr. Eriksson had explained the dilemma brought about by a nation embracing e-money and technology that forces citizens to go cashless. In many areas and across various fields around the world, card payments have become compulsory. Privacy is being infringed upon, as transactions occurring over the web [or involving a MasterCard, VISA, PayPal, and so on] can be effectively tracked by governmental organizations.

This might be a key reason why banks and lawmakers have vehemently declared their opposition to privacy-centric projects like Monero, Decred, Zcash, etc. Because, the power that the ones-in-charge hold over us all will thus be abolished. VCC Exchange [a Bittrex partner] has decided to list Monero [XMR] on their platform; a tweet put out a day back enunciates the latest addition to their network.

The scheduled network upgrade is slated to be carried out 18 days later. Fellow HODLers, are you ready?

Monero is ranked at #13 in the market. The trading volume recorded stands at approximately $198.978 million, while the supply has 17,305,281 XMR coins included as part of circulation. The total market cap of Monero amounts to $1.099 billion. As of this very moment, the price rose at a rate of 1.33% in the course of the past 24-hours. This, in turn, helped $XMR head all the way up to the $63.52 mark where it presently holds.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.