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Payza Founders Sentenced in $250M Money Laundering Case
13.11.2020
Canadian brothers Firoz and Ferhan Patel are headed to prison after admitting their payments company had broken the law
BIS head says physical cash still important, even if CBDCs take over
13.11.2020
BIS Innovation Hub head Benoît Cœuré stressed the importance of maintaining multiple payment options beyond just CBDCs
Bitpay Launches New Payroll Service for Companies That Opt to Pay Employees in Crypto
13.11.2020
The Atlanta-based cryptocurrency payment processing company Bitpay is now getting involved with payroll services. The firm announced the launch of Bitpay Send, a mass payout service that enables organizations of all sizes to pay employees, affiliates, and freelance contractors. Bitcoin...
From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure
13.11.2020
Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub
US Company Now Lets Travelers Pay for Passports With Bitcoin
13.11.2020
Payments for passport renewals and name changes are being processed by Coinbase Commerce
Ripple Files Trademark for Possible New Payments Service
13.11.2020
The new title and logo suggest Ripple has another payments product in the works
Payments Provider BitPay Rolls Out Cryptocurrency Payroll Service
13.11.2020
With the launch, BitPay now provides a new alternative to crypto payroll services such as BitWage
BitPay launches mass crypto payments for businesses
13.11.2020
BitPay Send allows businesses to issue mass crypto payments around the world without having to hold any crypto themselves
South Korean SME Minister Sings Praises of Blockchain-powered Payments
13.11.2020
A South Korean minister has been championing blockchain-powered payments, claiming they have the power to transform the business landscape for smaller businesses in the country.
Per News1, the comment came from the country’s Minister of Small and Medium Enterprises and Startups Park Young-sun,...
PayPal's crypto trading goes live in the US
12.11.2020
Customers will be able to trade up to $20,000 a week, rather than the originally announced $10,000
Shopping.io Enables Crypto-Payments on Popular E-Commerce Websites
12.11.2020
PRESS RELEASE. The adoption of crypto is not possible without accelerating its usage as a currency, and not only as an asset. While e-commerce giants such as Amazon, eBay, and Walmart aren’t able to offer crypto-payment, Shopping.io launches a gateway to make purchases from the aforementioned...
Deutsche Bank: central bank digital currency will replace cash in long term
12.11.2020
Deutsche Bank has called on Europe to accelerate the development of central bank digital currencies
Second Stimulus Checks: When Direct Payments to Americans Will Come Under Joe Biden
9.11.2020
The outcome of the U.S. presidential election is affecting how fast Americans will receive their second stimulus checks. With Joe Biden named the president-elect, Americans are eager to know how soon they will receive the second round of direct payments. When Second Stimulus Checks Are Coming Many...
8,000 Bitcoin Scam Victims Get Refunds From US Regulator
7.11.2020
The U.S. Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams. The fraudulent schemes promised that investors could turn their cryptocurrency payments of about $100 into $80,000 in monthly income. Bitcoin Pyramid Schemes’ Victims...
South Korea To Ban Crypto Exchanges From Handling Privacy Coins
6.11.2020
South Korea is to ban crypto exchanges from handling digital assets it considers “dark coins”. Regulator Financial Services Commission (FSC) is specifically targeting privacy coins such as dash, monero and zcash. ● The ban is with effect from March 2021. In an update to crypto...
Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation
6.11.2020
The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic...
Justice Department files antitrust lawsuit against Visa's acquisition of Plaid
5.11.2020
Monopolizing a market is legal in some instances, but not others
Chinese Payments Giant UnionPay to Support Crypto Payments With New Virtual Card
4.11.2020
The world's biggest credit and debit card company will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering
Paypal Begins Crypto Service: CEO Reveals Increased Limits, Expansion Plans, Venmo Rollout
3.11.2020
Payments giant Paypal has revealed more details of its new cryptocurrency service. The company is currently rolling out crypto functionality to U.S. customers, after which it will launch the service internationally and on the Venmo platform. Paypal’s CEO Unveils Crypto Plans Paypal CEO...
PayPal CEO Discusses ‘Expansive’ Digital Wallet Plans on Q3 Earnings Call
2.11.2020
PayPal’s cryptocurrency products are going to expand rapidly in 2021, executives said on the company’s third quarter earnings call Monday