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Tokyo ‘Builds SWIFT Network for Crypto Payments with FATF’s Blessing’


The Japanese government is reportedly spearheading an international initiative to create a “network for cryptocurrency payments, similar to the SWIFT network used by banks” – in conjunction with the country’s top regulator and the inter-governmental Financial Action Task Force (FATF). Reuters...

South African Payment Gateway Drops BTC Over Fees and Network Congestion


On July 12, South African payment gateway service Payfast announced the company is dropping bitcoin core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.”...

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