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What’s Preventing Crypto Payments from Entering the Mainstream?


Pavel Matveev is the Co-founder and CEO of Wirex, a blockchain-based payments platform. _______ In the past few years, interest in crypto has increased dramatically as businesses and individuals begin to recognize the benefits that blockchain technology can offer. Meanwhile, with bitcoin (BTC)...

Leading Bitcoin Payments Processor Bitpay Joins Crypto Patent Alliance COPA


The world’s largest provider of cryptocurrency payment services, Bitpay has announced the company is joining the Square-founded crypto patent effort the Crypto Open Patent Alliance (COPA). Bitpay has been working with blockchain products since 2011 and the firm will share open-source projects...

Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges


The Central bank of the Republic of Turkey has issued a cryptocurrency regulation prohibiting the use of cryptocurrencies for payments of goods and services. From the end of this month, crypto assets cannot be used directly or indirectly as a means of payment in the country and no service can...

Turkey Bans Crypto Payments


Turkey’s central bank banned the use of cryptoassets in payments as they entailed significant risks due to volatile market values, irrevocable transactions and are used in illegal actions, Reuters reported. Also, the bank said that these assets were “neither subject to any regulation...

Insurance Giant AXA Allows Swiss Clients to Pay for Services With Bitcoin


The French multinational insurance firm AXA is now allowing clients in Switzerland to pay for services in bitcoin. The newly added support is part of the company’s “digital future” and stems from customer demand for crypto payments. AXA Supports Bitcoin Payments In Switzerland...

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