Traditional Payment Processing Companies Are Increasingly Focusing on Crypto
More than two decades after the dot-com bubble ushered in a new era of digital commerce, the payment infrastructure is still very much in flux. That reality is even more prevalent as 2020 approaches, and the cryptocurrency movement is offering a new tool and a unique complication into today’s approach to executing payments.
Cryptopia Liquidation: Refund Deadline ‘Not Practicable’ as Users Wait
Liquidators of hacked New Zealand cryptocurrency exchange Cryptopia have recovered almost $11 million in the past six months, but say the process remains difficult.
Ripple-Powered Nium Partners with Visa to Enable Instant Payments to Indonesia
Another RippleNet member boosts its global presence – Nium enables remittances to Indonesia via Visa Direct after it has received a license from Bank of Indonesia
Revolut partners with Mastercard to issue debit cards in the US
Crypto-friendly fintech startup Revolut has partnered with payments giant Mastercard to launch debit cards in the U.S.
Cambodia’s Central Bank Testing Digital Wallet to Ease Cross Border Payments
Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its in-house digital wallet, the Hyperledger Iroha-powered Bakong, might get the job done.
Ohio businesses can no longer pay taxes in bitcoin as the method gets suspended
Ohio, which became the first U.S. state to allow taxes to be paid in bitcoin last November, is no longer accepting cryptocurrency tax payments.
Ripple’s Xpring Looks to Build XRP DeFi Products With New Acquisition
Ripple has made its first move towards building decentralized finance (DeFi) products based on XRP.
You Can Now Buy Lightning-Powered Bitcoin With a Credit Card
The feature, made possible thanks to a partnership with fiat-to-crypto broker MoonPay, is available to users in 35 countries. According to the company, it simplifies the currently long-winded procedure for lightning payments.
Mastercard and R3 Partner to Develop New Blockchain-Powered Cross-Border Payments Solution
Mastercard and R3, a leading enterprise blockchain software provider, have today announced a strategic partnership to develop and pilot a new blockchain-enabled cross-border payments solution that will initially focus on connecting global faster payments infrastructures, schemes and banks supported by a clearing and settlement network operated by Mastercard.
Facebook’s Libra seeks payment system license from Swiss regulator
The Libra Association, the non-profit organization behind Facebook-led cryptocurrency project Libra, is looking to get a payment system license from Switzerland’s financial regulator.
Swift to reveal European E2E payments pilot
Swift is gearing up to announce its latest end-to-end international payments pilot held across European borders.
WhatsApp in talks to launch mobile payments in Indonesia
Facebook Inc’s (FB.O) messaging service WhatsApp is in talks with multiple Indonesian digital payment firms to offer their mobile transaction services, in a bid to tap the nation’s fast growing e-commerce sector, people familiar with the matter said.
South Korea’s Woori Financial Teams up with Kakao’s Crypto Payments Group
Woori Financial Group, one of South Korea’s largest banking companies, has agreed to work with Ground X in developing blockchain financial services.
Over 5 Million Merchants Throughout Thailand Now Accept Zcoin Payments
Privacy-focused cryptocurrency Zcoin is now available for spending in Thailand at any merchant registered with the Thai QR code system through Satang App.
UK Pension and Welfare Agency Examining Blockchain and DLT
The United Kingdom pension and welfare agency has identified blockchain and distributed ledger technology (DLT) as technologies that could disrupt the payments industry.
Andrew Yang Super PAC Will Accept Lightning-Powered Bitcoin Donations
This could be the first time the Lightning Network, a bitcoin scaling solution, officially impacts the U.S. presidential election.
Expert talked about the role of cryptocurrencies in payment systems
Today, the role of cryptocurrencies in payment systems is absolutely negative and criminal. That’s what said the chairman of the association “Association of Blockchain developers of St. Petersburg" Dmitry Plakhov in an interview for LetKnow.News.
Major Australian Supermarket Chain Now Accepts Bitcoin
IGA is a network of independent retailers comprising over 1400 stores spread all over Australia. Now, these stores are accepting payments in bitcoin and other cryptocurrencies.
Identification on blockchain: what you need to know about Digital ID
Digital ID on blockchain is the future of state and financial services. Distributed ID allows people to manage their own personal data. Besides preferences, however, that opportunity brings a number of threats.
Goldman Sachs CEO Hints Bank Might Launch ‘JPM Coin’-Like Crypto
Goldman Sachs may ultimately take part in the crypto disruption of finance, according to its CEO, David Solomon.