Payments

New Italian Fintech Startup Bitsa Adds XMR Support to Its Prepaid Card

Italy’s new crypto-powered debit card supplier Bitsa has just expanded its prepaid card with major privacy-focused altcoin Monero (XMR). By enabling Monero support on its Bitsa Card, the company unclocks “all types” of XMR-based card transactions in physical stores and online, including card-to-card transfers and Monero conversion to euro (EUR), Bitsa announced on Feb. 21. …

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Brazilian Central Bank Promises Instant Payment Platform to Compete With Crypto

The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November. The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer and business-to-business transactions in 10 seconds or less via mobile phone, internet banking, or select ATMs.  According to a press release published Feb. 20, …

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Brazil’s Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies

A new payments system is coming to Brazil later this year promising almost instant transfers. Called PIX, the project from the country’s central bank will provide 24/7 payments in up to 10 seconds via mobile apps, internet banking and ATMs, according to reports from Reuters and local crypto news site Livecoins on Wednesday. Slated for …

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Speculation Undermines Crypto Prices and Utility, Says Bank of England Senior Economist

Speculation creates congestion on the blockchain that harms a cryptocurrency’s utility and overall value, a senior economist at the Bank of England (BoE) has said. Peter Zimmerman, who has been a senior economist at the U.K. central bank since 2007, argued in a working paper published Friday that speculation undermines the effectiveness of cryptocurrencies to …

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Curious About Bitcoin, Nigerians See Increasing Opportunities to Buy and Spend Cryptocurrencies

</header> <strong>Higher prices since the start of the year have been restoring popular interest in cryptocurrencies. Google searches for “bitcoin” have increased since December to about half of those registered in June last year. There’s one country that sticks out as a benchmark for the indicator. Nigeria has consistently topped the chart in the past …

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A Million EPayments Accounts Frozen Due to Regulation Control

EPayments Systems Ltd, a United Kingdom-authorized electronic money institution, must suspend online payment operations due to the Financial Conduct Authority’s anti-money-laundering (AML) procedures.  EPayments has released a short statement on its website and has sent out emails to its customers to give a few details on the FCA’s regulatory checks. This regulation has frozen ePayments …

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Top Bitcoin Developers Face Off in a Lightning-Powered Boxing Match

Wasabi Wallet developer nopara73 and BTCPay lead developer Nicolas Dorier faced off in a digital boxing match at bitcoin developer conference Advancing Bitcoin in London. In a video game from bitcoin startup Zebedee, the two developers played digital versions of themselves kicking and punching each other on a screen in front of a crowd of …

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Overwriting Satoshi: Kraken Exec Says Bitcoin Wasn’t Built for Payments, Isn’t Peer-to-Peer

</header> <strong>As Director of Business Development for popular crypto exchange Kraken, when Dan Held speaks, people listen. As such, his recent 46-tweet diatribe on why the “payments narrative” for bitcoin is flawed grabbed the attention of many, tickling the ears of hardcore Lighting Network fans and bitcoin core maximalists alike. His argument is prima facie …

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Lightning Labs Raises $10M Series A to Be the ‘Visa’ of Bitcoin

Lightning Labs has raised $10 million in Series A financing as it gears up to launch its first paid service for merchants looking to accept bitcoin payments. Craft Ventures led the round, with Managing Director Brian Murray joining Lightning Labs’ board of directors. Other investors include Slow Ventures, former Goldman Sachs co-head of securities David …

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BitPay Restores Service to All Bitcoin Wallets to Drive Mainstream Adoption

The leading provider of Bitcoin (BTC) and cryptocurrency payment services, BitPay, announced on Feb. 4 that the company will soon allow invoices to be paid from any Bitcoin wallet or exchange.  BitPay CEO Stephen Pair told Cointelegraph that the decision to enable merchant payments from any Bitcoin wallet was driven by merchant feedback, putting control …

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