Payment systems news
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.
U.S. Weighs Curbs on Venezuela Transaction Processing
The U.S. is considering sanctions that would effectively prohibit Visa Inc., Mastercard Inc. and other financial institutions from processing transactions in Venezuela, an administration official said, a step aimed at cutting off funds to Nicolas Maduro’s regime.
Samsung Pay Will Integrate Cryptocurrencies for 10 Million Users: Report
Even before the official announcement of Samsung Electronics on the launch of the Samsung Blockchain Wallet, local publications speculated that Samsung Pay could be behind the high-profile crypto integration for the Galaxy S10.
Tippin.me Takes Off at Lightning Speed With More Than 14,000 New Users
As the new Lightning network (LN) protocol continues to take the Crypto-Twitterverse by storm, it’s taking at least one new app with it, as the tipping and micropayment app Tippin.me catches on like wildfire. Founder Sergio Abril told Bitcoin Magazine he is “overwhelmed” by the interest and support he is receiving from around the world.
Cryptocurrency Could Soon Open New Revenue Streams, Disrupt Payments System, Per Analyst
One of the longtime fears that the traditional financial world seems to have about cryptocurrency is its potential for overtaking payment systems. People who are comfortable with the archaic system do not want to see a broader market, which is partially due to the lack of faith that they have in cryptocurrency.
Aave Pay allows crypto bill & tax payments through bank transfer in 6 fiat currencies
Mainstream adoption for cryptocurrencies is still a problem that is in continues need of attention from the crypto sphere and Aave Pay is doing just that for its users. The application launched by the Estonia based tech company Aave allows cryptocurrency users to make payments in six different fiat currencies using the international bank account details of the receiving party.
Fintech Unicorn Brex Launches New Credit Card For E-Commerce Merchants
Brex, a San Francisco credit card startup that reached a valuation of $1.1 billion late last year, 22 months after its founding, is launching its second product, a physical credit card for e-commerce companies. Its first card, targeted to venture-backed tech startups, has attracted more than 3,000 customers by providing higher spending limits and simplifying the application process.
EU weighs new payment rules in challenge to U.S. companies
The European Commission is considering new rules to speed up adaptation of an instant-payment system the European Central Bank introduced last year, challenging card companies and tech giants such as Visa and PayPal, officials said.
Amazon Rival Rakuten Set To Integrate BTC In March
The Japanese e-commerce site that is Rakuten has outlined their plans to implement the leading cryptocurrency with their online platform. In the e-commerce space, there isn’t much competition with big platforms like Amazon dominating the industry but with this new move from Rakuten, that could change.
Mercury FX Plans Opening 10 Payment Corridors Supporting Ripple’s XRP
Mercury FX, an international currency exchange provider, is planning to open 10 new corridors that would use the xRapid solution. With this implementation, it will be possible for the company to use the XRP virtual currency. The information was released by the CEO of the company, Alastair Constance, at Ripple Regionals 2019 in London.
Galaxy Digital Founder Michael Novogratz: One of the Social Media Cryptos Will Succeed
$778 LTC transaction costs user $17,500 in transaction fees
Maltese Government Awards 19 Blockchain Scholarships Using DLT Fund
Thailand’s oldest bank hints at new blockchain app powered by Ripple
Bitcoin Cash Miners Undo Attacker’s Transactions With ‘51% Attack’
LocalBitcoins Bans Bitcoin Buying in Iran in Blow to Rising Crypto Commerce
Expert: Ledger wallets are not 100% safe
E-Commerce Giant Alibaba to Integrate Blockchain Into Intellectual Property System
Lawyer explained why the US authorities are concerned about FB Coin release
Panic Attack: How Ledger Earns on Crypto-Exchange Hacks
The Six Challenges Facing Crypto CEOs
Parabolic growth or bullish rally: what’s happening to the BTC exchange rate?