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Ethereum, XRP Making Gains on Bitcoin in Crypto Pay Stakes – BitPay Stats
22.12.2020
Data from major crypto payment gateway BitPay suggests that major altcoins are slowly gaining ground on bitcoin (BTC) in the payments sector.
In a release shared with Cryptonews.com, the firm wrote,
“While bitcoin remains the most popular crypto used by consumers for purchases (representing 79%...
Spain Gets Bullish for Bitcoin as Hotel Booking Site Inks Crypto Pay Deal
18.12.2020
The hotel booking service provider Mirai has sealed a deal with Criptan, a Spanish crypto platform operator – a move that will see over 1,200 hotels in the country getting an option to accept payments in cryptoassets such as bitcoin (BTC).
In a blog post, the accommodations booking site announced...
Hotels in Argentina Are Ready to Consider Adopting Crypto Pay
25.11.2020
Argentinian hotels are “preparing to accept crypto payment” as they prepare to re-open after long, COVID-19 pandemic lockdown-enforced closures.
According to a report from La Nacion, many hotels in the country have been financially crippled by up to eight months of disrupted trade, with scores...
Venezuelan Authorities Clamp Down on Off-The-Books Crypto Pay Vendors
20.11.2020
Venezuelan tax agents on the prowl. Source: Twitter/@jdavidcabello
Customers spending foreign currency and cryptoassets in Venezuelan stores have been warned to demand invoices and receipts in fiat bolivars, with the nation’s tax authorities worried that crypto pay and payment in overseas fiats...
Russian Lawmaker: Crypto Pay Could ‘Destroy the Financial System’
15.8.2020
The chief architect of Russia’s crypto regulations has defended a new Russian law that outlaws payment in bitcoin (BTC) and altcoins – claiming that a failure to do so could have spelled the end for the ruble-powered Russian financial system.
The comments were made by the head of the parliamentary...
Venezuelan Petro Crypto Pay Platform Left in Two-month Limbo
6.3.2020
Venezuela’s biometric authentication-powered crypto payment system is still down, over two months after it went offline, causing havoc for traders across the country.
The Biopago platform was the brainchild of the central Bank of Venezuela and allowed citizens to make payments in the petro (PTR)...
Maduro OKs Petro-to-Fiat Trades, Will Provide Stores with Crypto Pay Tech
24.10.2019
Venezuelan president Nicolás Maduro has authorized Petro-to-fiat trading, and says his government will provide the necessary technology to all business holders in the country who want to start accepting crypto pay.
Maduro stated that his move – effective as of October 23 – would allow the “three...
Crypto Pay Adoption Booms in Spanish-speaking Countries
8.10.2019
Venezuela’s government claims that some 93 commercial establishments in the country now accept its oil-backed, state-issued Petro digital token, while a Spanish travel agency claims that over 7% of its customers paid using Bitcoin in 2018 and the company has recently added new crypto...
Colombian Coffee Axis Becoming a Cradle of Crypto Pay
7.10.2019
Coffee crop. It seems that Latin America dominates crypto adoption news agenda with new announcements every week. This time, multiple news have arrived from Colombia and Venezuela.
The Coffee Axis town of Pereira, in Colombia’s western Risaralda department, appears to be turning into the country’s...
Venezuela: Gov’t Crypto-remittance Platform Opens as Crypto-pay Booms
28.8.2019
Cryptocurrencies are once again making the headlines in Venezuela – with a chain of pharmacies set to accept crypto pay, a government-run crypto-remittance platform now “fully operational” and a crypto-friendly department store claiming crypto pay success.
As previously reported, Venezuela’s...
Pundi X Strikes Deal in Venezuela, Mobile Operator Embraces Crypto Pay
21.8.2019
Another two announcements just showed how crypto adoption is growing. This time, the news came from Austria and Venezuela.
One of Austria’s biggest mobile network operators, A1, is to accept in-store payments in six popular cryptocurrencies including Bitcoin at selected stores – with a view...
S Korean Crypto-Pay Company Dragged into Mega Burning Sun Scandal
13.6.2019
Seungri. Source: a video screenshot, Youtube/CNBC Indonesia
A South Korean cryptocurrency payments platform Nupay is the latest company to be pulled into the aftermath of the long-running major Burning Sun K-pop drug, sex and prostitution scandal.
The scandal originated with a police investigation...