Payments

Bank of England To Test Blockchain Features For New Payment System

4 months ago kakp2 Comments Off on Bank of England To Test Blockchain Features For New Payment System
The Bank of England is undertaking a proof-of-concept (PoC) to understand how the renewed Real Time Gross Settlement (RTGS) service could be capable of interacting with Distributed Ledger Technology (DLT), according to the bank’s statement on March 27. Real Time Gross Settlement systems are special payment systems where the transfer of funds is conducted between Read More

BitPay Payment Processor Begins Enforcing Ban On Prohibited Activities On Its Platform

5 months ago kakp2 Comments Off on BitPay Payment Processor Begins Enforcing Ban On Prohibited Activities On Its Platform
After updating their terms of use to ban explicit content and other related services on Feb. 2, payment processor BitPay has begun putting the ban into effect this week. Pornstar and Reddit user Sexy_Saffron posted on the subreddit /r/bitcoin on Feb. 24 an image of an email from BitPay stating that her account would be Read More

Coinbase’s GDAX Exchange Introduces Full SegWit Support

5 months ago kakp2 Comments Off on Coinbase’s GDAX Exchange Introduces Full SegWit Support
Coinbase’s professional trading platform Global Digital Asset Exchange GDAX announced it has implemented Segregated Witness (SegWit) support for Bitcoin transactions in a blog post published Friday, Feb. 23. The platform characterizes SegWit technology as “a critical step forward in the development of Bitcoin” and promises support for SegWit transactions will be made available to 100% Read More

Petro: Stable Coin for Crypto Economy or Illegal Oil Futures?

5 months ago kakp2 Comments Off on Petro: Stable Coin for Crypto Economy or Illegal Oil Futures?
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Starting in late 2017 Venezuela’s President Nikolas Maduro began expanding heavily into media space in an attempt to Read More

PayPal Exec Says ‘Very High Likelihood’ Bitcoin Will Become Popular Payment Method

5 months ago kakp2 Comments Off on PayPal Exec Says ‘Very High Likelihood’ Bitcoin Will Become Popular Payment Method
PayPal’s chief financial officer, John Rainey, spoke positively of Bitcoin’s (BTC) use as a future popular option for payments during an interview with The Wall Street Journal (WSJ) published Monday, Feb. 19. In a section of the interview entitled, “Тhe crypto factor,” Rainey said that PayPal was one of the first companies to accept Bitcoin Read More

Finland: Authorities Unsure How To Store 2,000 Seized Bitcoins After Treasury Guidelines

5 months ago kakp2 Comments Off on Finland: Authorities Unsure How To Store 2,000 Seized Bitcoins After Treasury Guidelines
Authorities in Finland are trying to devise a means to store 2,000 bitcoins confiscated in 2016, following new guidelines from the Treasury published Tuesday, Feb. 20, Bloomberg reported. According to Bloomberg, citing the Treasury guidelines, the authorities are prohibited from storing the Bitcoin stash, worth roughly $22.8 mln today, on virtual currency exchanges or services, Read More

Bank of England Governor Claims Bitcoin Has ‘Failed’ As A Currency

5 months ago kakp2 Comments Off on Bank of England Governor Claims Bitcoin Has ‘Failed’ As A Currency
Bank of England (BoE) Governor Mark Carney declared that Bitcoin cannot be considered a legitimate currency by “traditional” definitions, The Telegraph reported Monday, Feb. 19. At an event at London’s Regent’s University, Carney claimed that Bitcoin failed to meet two major requirements of a traditional currency, claiming that Bitcoin is neither a means of exchange, Read More

Amazon Sparks Speculation by Buying Three Cryptocurrency-themed Domain Names

9 months ago adcity Comments Off on Amazon Sparks Speculation by Buying Three Cryptocurrency-themed Domain Names
On October 31, Amazon registered three domains related to cryptocurrency, sparking speculation that Amazon may soon begin accepting cryptocurrency. The domains are amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. Amazon already owns the “amazonbitcoin.com” domain name. This is not the first time a rumor has circulated that Amazon will accept digital currency. A few weeks ago, there was Read More

New York Preschool Accepts Bitcoin, But Not Credit Cards

9 months ago adcity Comments Off on New York Preschool Accepts Bitcoin, But Not Credit Cards
While Bitcoin sceptics claim that Bitcoin is only used for speculation and has no actual uses, a New York preschool has shown that Bitcoin can be a convenient and successful method of payment. Enquiry from parents In an interview given by Marco Ciocca, the Chairman of The Montessori Schools in Flatiron and SoHo, to Business Read More