Many cryptocurrency analysts and industry representatives are predicting that the increasing integration of blockchain payments with messenger apps will comprise the catalyst for the next wave of mainstream distributed ledger technology (DLT) adoption. However, critics are warning that the blockchain payments integrated with messenger apps may undermine many of the core values underpinning cryptocurrency. They predict that […]
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Tag: payments
Binance to Stop Serving US Traders Following Announcement of US-Dedicated Platform
Major crypto exchange Binance announced today, June 14, that it has updated its terms of use, which notably includes a restriction of services to United States-based individual and corporate traders. The restriction follows yesterday’s news that the company is launching a separate, fully regulated fiat-to-crypto platform for the U.S. market. Today’s announcement provides a timeline for the new terms to come into effect, specifying that: […]
Visa Goes Live With Blockchain-Powered Business Payments Service
As the CoinDesk announced, Visa’s blockchain-powered business-to-business payments service, first made public in October 2016, has officially gone live. As reported by Reuters on Tuesday, the payments giant has launched its Visa B2B Connect network – a product that was originally developed alongside blockchain startup Chain. Visa B2B Connect at launch will serve businesses seeking to make payments to 30 […]
Coinbase Now Lets Merchants Accept Payments in USDC Stablecoin
Coinbase Commerce, the cryptocurrency exchange’s merchants payments offering, has added support for the dollar-pegged stablecoin USD Coin (USDC), the CoinDesk reported. The development means businesses can now receive payments in USDC from customers “in minutes with zero transaction fees” and no chargebacks, Coinbase announced in a blog post on Monday. “Unlike accepting credit card payments, merchants can […]
Largest Travel Management Firm in UK Accepts Bitcoin
Corporate Traveller, the largest travel management firm in the United Kingdom, is now accepting Bitcoin (BTC) for payments, according to a press release on April 15. A newly announced partnership with crypto payments company BitPay will allow Corporate Traveller — which provides business travel management services to SME companies — to accept bitcoins. Andy Hegley, U.K. General Manager at Corporate […]
Japanese Bank Abandons Work With SBI Ripple’s ‘Money Tap’ App
Resona, one of the three Japanese banks working with SBI Holdings and Ripple on their cash transfer app Money Tap, is pulling out of the project, the CoinDesk reported. The bank – Japan’s fifth largest – announced the decision on Thursday, saying that it would cancel the remittance service provided through the app on May […]
Facebook Seeks Counsel to Forge Blockchain Partnerships for New Products
As the CoinDesk announced, Facebook’s blockchain recruitment drive continues, as the social network looks to hire a lead commercial counsel for its initiatives with the technology. A new job posting at the company’s career page says the position will be responsible for “drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed […]
Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos
Banking startup 2gether is launching a prepaid Visa debit card that allows users to spend cryptocurrencies, the CoinDesk reported. In an announcement, 2gether said customers will be able to use the card to pay with either euros or any of the following seven cryptocurrencies: bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), EOS, Stellar (XLM) and litecoin (LTC). […]
Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency
The central banks of Saudi Arabia and the United Arab Emirates (UAE) have jointly launched a digital currency trial, the CoinDesk reported. The Saudi Arabian Monetary Authority (SAMA) and the Central Bank of the UAE jointly announced Tuesday that the project is aimed to facilitate blockchain-based financial settlements between the two countries. While the central remittance […]
R3 Adds Ripple as First Crypto for Its Universal Payments DApp
Enterprise blockchain software firm R3 has announced that ‘rival’ Ripple’s XRP token will be the first crypto supported on its new universal payment settlement platform, Finextra reports today, Dec. 5. Dubbed “Corda Settler,” the new open source Corda-based decentralized application (CorDapp) reportedly allows payment obligations raised on the Corda blockchain to be settled via any parallel payment rail that supports cryptocurrencies or assets, […]