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Payments

ING: 32% of Europeans Believe Crypto Is the Future of E-Payments

Most Europeans believe cryptocurrencies can be spent in most stores, according to the results of a survey conducted by ING Bank and published on Sept. 18. Crypto can be spent in most stores? The survey, which has seen 15,000 Europeans from 15 different countries answer questions about crypto, revealed that 51% of the respondents believe …

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Deutsche Bank Joins JPMorgan’s Crypto Payments Network

JPMorgan’s blockchain-based payments initiative has added Deutsche Bank as its latest member. The addition brings the total number of banks signed up for the Interbank Information Network (IIN) to 320, according to a report from the Financial Times on Sunday. Announced in October 2017, IIN is built on Quorum, the ethereum-based blockchain network developed by the banking …

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PayPal: ‘A Lot of Work’ Still Needs to Happen for Libra to Become Real

PayPal representatives have said they remain cautious about the future of Facebook’s planned stablecoin Libra, according to a Sept. 14 report from Agence France Press (AFP). PayPal investor relations vice president Gabrielle Rabinovitch reportedly emphasized that the firm’s membership of the Libra Association represents a “non-binding commitment,” noting that: “Obviously, I think there’s a lot …

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Founder of Payments Network Zelle Joins Stellar-Focused Startup as CEO

Stellar-focused (XLM) crypto development company Interstellar appointed the founder of digital payments network Zelle Mike Kennedy as its new CEO. On Sept. 12, the company announced the appointment in a Medium blog post. Stellar as an international payments system Kennedy’s network Zelle is the payment system used by JPMorgan Chase, Citi, Bank of America and …

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Largest Bitcoin ATM Network Coinme Raises New Funding from Ripple’s Xpring 

Coinme, which provides kiosks and ATMs for digital currencies, raised $1.5 million in a Series A-1 financing round that included Ripple’s subsidiary Xpring and Blockchain Finance Fund. Proceeds from the funding will be used for additional licensing to expand its U.S. and international coverage. The company is licensed to operate bitcoin ATM’s in 29 states …

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Payments Processor Stripe Launches Lending Service for Online Companies

Online payments processor Stripe announced the launch of its lending service Stripe Capital for the U.S. internet businesses. On Sept. 5, Stripe announced the launch in a blog post, noting that — once approved — access to funds is usually granted on the next day. The press release states: “Stripe Capital’s full integration with Stripe …

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PNC Bank Using Ripple XCurrent — Is Interest in Blockchain Rising?

Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking …

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Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI

Blockchain forensics firm Elliptic has raised $23 million in a Series B funding round led by Tokyo-based financial institution SBI Holdings. Announced Wednesday, the funding will help drive Elliptic’s Asia expansion, which includes a recently opened Singapore office and one in Japan that will open this week. Tomoyuki Nii, executive officer for overseas investment at …

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PwC Luxembourg to Start Accepting Bitcoin from October 2019: Official

PwC Luxembourg, a subsidiary of the world’s second largest professional services firm, will start accepting Bitcoin (BTC) payments starting Oct. 1 2019. “Bitcoin cannot be compromised” The Luxembourg branch of the Big Four auditing firm announced the initiative in an official press release on Sept. 2, claiming that the move shows the firm’s commitment to …

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Crypto News From Brazil and Portugal: Aug. 24-31 in Review

This week saw major expansion of crypto payments in Brazil, new standards freeing Bitcoin from Portuguese taxes, and the allegedly fraudulent Grupo Bitcoin Banco’s refusal to pay clients their deposited funds.  Brazil’s central bank announced that it would classify cryptocurrencies according to International Monetary Fund (IMF) guidelines on Aug. 26. With the new classification under …

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