Payment systems news
Shinhan Card develops blockchain-based payment system
Shinhan Card has obtained a patent for a blockchain-based payment system. The company is the first in the world to have established a credit transaction service using the new record-keeping technology, it said Monday.
Visa funds $40M for no-password crypto vault Anchorage
Visa and Andreessen Horowitz are betting even bigger on cryptocurrency, funding a big round for fellow Facebook Libra Association member Anchorage’s omnimetric blockchain security system. Instead of using passwords that can be stolen, Anchorage requires cryptocurrency withdrawals to be approved by a client’s other employees. Then the company uses both human and AI review of biometrics and more to validate transactions before they’re executed, while offering end-to-end insurance coverage.
Coinbase launches its cryptocurrency debit card in six more countries in Europe
Digital currency exchange Coinbase announced Wednesday its Visa debit card is to launch in six more European countries after debuting in the U.K. in April.
Visa looks to speed up cross-border payments with new network launch
Visa Inc has launched a new network to help financial institutions process cross-border payments globally on behalf of corporate clients faster and at a lower operational cost, it said on Tuesday.
Ripple: xRapid-powered remittance service to The Philippines will go live this month, confirms SendFriend
After years of being ridiculed an mocked, the world of cryptocurrencies and digital assets is finally getting its due following the growing involvement of several institutional investors. Presently, it’s not just financial and non-financial institutions running the race to get a step ahead in the field, but governments across the world are in the same boat as well. The participation of each and every one of these institutions is a step forward in the goal to spur global crypto-adoption.
Visa and App Provider LINE Pay to Use Blockchain in New Fintech Offerings
Japanese app provider LINE Pay Corporation has inked a deal with Visa to create new fintech services for their retail and merchant customers.
Crypto Pioneer David Chaum: Pseudonymous Messaging With Integrated Payments Is Blockchain’s Killer App
E-cash inventor David Chaum says he believes the real killer app for blockchain and cryptocurrencies will be privacy-oriented messaging systems integrated with payments. Chaum made his remarks in an interview on the Bloomberg Odd Lots podcast on May 27.
JPMorgan Adds New Privacy Features to Its Ethereum-Based Quorum Blockchain
JPMorgan Chase’s blockchain team has developed a privacy feature for ethereum-based blockchains, obscuring not only how much money is being sent but who is sending it.
Samsung Electronics Pushing for Integration of Cryptocurrencies to Samsung Pay
Samsung Electronics appears to be moving to integrate cryptocurrencies to Samsung Pay, which accounts for 80 percent of the South Korean simple payment market. The company has recently transferred the blockchain task force (TF) of the mobile business division to the service business division.
Coinbase Commerce eclipses $50 million in transactions
Coinbase Commerce, the exchange’s online retail service, announced today it has facilitated $50 million in transactions since launching last year. With 10,000 monthly users, the platform is on a growth trajectory, homing in on early adopters with plans to innovate, according to Justin O’Brien, the product lead for the platform.
Venezuela to ditch Visa & Mastercard by early 2020
The central bank of Venezuela will develop an independent national payment system to get rid of international giants Visa and Mastercard in response to US sanctions, according to local media citing the regulator.
Pyrofex Launches Cryptocurrency Payments Solution
Currently in beta mode, Numifex allows merchants to accept payments in ethereum, with plans to add bitcoin.
Payments Startup Uphold to Use Ledger Vault
French crypto hardware firm Ledger will provide its technology to American payments startup Uphold to improve security, according to a press release shared with Cointelegraph on May 13.
Why bitcoin isn't a big focus yet at PayPal
PayPal isn’t yet entirely sold on bitcoin being the future of payments.
Ripple Partners With One of the World’s Largest Money Transfer Providers
Ria Money Transfer, a subsidiary of Euronet Worldwide and one of the largest money transfer businesses in the world, has joined RippleNet. Ria will leverage xCurrent to connect and transact with Ripple’s global blockchain payments network of 200+ financial institutions.
McAfee Says His Bitcoin Debit Card’s Coming Soon. Can We Believe Him?
John McAfee just tweeted out from somewhere in the Bahamas a teaser image for a new crypto debit card. The dotcom, anti-virus-millionaire promises the Visa-branded bitcoin card will be coming soon.
You Can Now Shop With Bitcoin on Amazon Using Lightning
Bitcoin spenders can now use the lightning network to shop at e-commerce sites like Amazon.
Weiss Ratings CEO Interview: Crypto Ratings are Needed to Cut Through Hype and Fear
Weiss Ratings, an investment rating agency, published their first list of cryptocurrency ratings in Jan. 2018. A little over a year later, CryptoSlate interviewed Dr. Martin Weiss, founder and chairman of Weiss Group, on the importance of a rating system for cryptocurrencies, as well as the future of payments, cryptocurrency adoption, and the challenges currently faced by the blockchain industry.
Pay in Bitcoin for a Luxury Weekend
A new smartphone application developed in the Swiss «crypto valley» will make payments cryptocurrencies simpler. Two firms active in the luxury industry have already committed themselves to the solution.
Bitcoin Insider Says Western Union Is the Real Competitor of the World’s Largest Crypto
Speaking on a panel at the 2019 MIT Bitcoin Expo, Bitcoin Core developer and applied cryptography consultant Peter Todd says Bitcoin, the world’s largest cryptocurrency, is really competing against Western Union – not Visa or Mastercard.
IMF: Network Effects Could Spark Blaze of Digital Money Adoption
Dimon plays down Facebook’s crypto: ‘We’re going to be talking about Libra’ years from now
Bitpoint Reveals Amounts Stolen, Pledging to Reimburse Users in Crypto
Shinhan Card develops blockchain-based payment system
BTCPay Server Launches Tor Crowdfunding Campaign
Mnuchin: US has ‘very serious concerns’ that Facebook’s Libra could be misused by terrorists
Binance is in talks to establish a local entity in South Korea
Crypto Victims Delcare War On Bitmixers: Bitblender Public Site Suspended
MyDashWallet Was Compromised For 2 Months — Users, Move Your Cryptocurrency
Top 5 Facets of AI
“Stable” bitcoin: what influences the exchange rate of the prime cryptocurrency
How Blockchain is Disrupting Traditional Media and Entertainment