Tagged: crypto payments

European Payment Services Provider Nets Group and Salamantex to Support Bitcoin, Ethereum Transactions in Austria

Nets Group, a European payment services provider, along with with Salamantex, an Austrian developer of software solutions for cryptocurrency payments, have announced that they’re bringing acceptance of virtual currencies like Bitcoin (BTC), Etherereum (ETH) and XRP to in-store points-of-sale in Austria. The partnership between Nets… Read More

Fintech Square Cash App Users Now Able to Send Instant Bitcoin Payments for Free

Payments company Square’s (NYSE:SQ) Cash App now allows users to complete Bitcoin payments without having to pay transaction fees. You can now instantly send bitcoin to other $cashtags for free, right from your Cash App. To celebrate, we’re giving out $1 million in BTC. To… Read More

Miami’s JAG Insurance Group Decides to Issue its Very First Policy Using Digital Currency

Miami-headquartered JAG Insurance has reportedly issued its very first policy using cryptocurrency. JAG Insurance Group, which is well-known for being a digital tech pioneer and challenging the standards of the insurance industry, has decided to take its first steps into the crypto-asset space by issuing… Read More

Elizabeth Stark from Lightning Labs Reveals how her Firm Is Developing Second Layer Scalability Solutions for Bitcoin

Crypto exchange OKCoin confirms that they recently became one of the first digital asset trading platforms to implement the Lightning Network (LN), which is a layer-two scaling solution enabling the faster and more efficient transfer of BTC. OKCoin has awarded a new grant to Bitcoin… Read More

BitPay Adds DogeCoin to List of Supported Cryptos, Confirms NBA Team Dallas Mavericks are Early DOGE Adopter

BitPay is welcoming Dogecoin (DOGE) to its list of supported digital currencies. This new addition is now being supported via the BitPay Wallet app and at all of BitPay’s enabled merchant locations. The Shiba-Inu based crypto-asset Dogecoin has become quite popular, especially with billionaire Elon… Read More

Proper Digital Payments Systems Use Cached Data for Speed and Persistent Data for Recoverability, Coinbase Explains

Digital asset exchange Coinbase recently explained how the company is building digital payments systems. Coinbase says that it aims to create an open financial system for consumers and businesses across the globe. The Coinbase Payments team’s mission is “to empower customers to move money in… Read More

Nearly 40% of US Consumers like Tesla Inc’s Decision to Accept Bitcoin as a Payment Method, according to New Survey

Consumer sentiment regarding Bitcoin (BTC) as a legitimate payment method has changed significantly following the historic crypto market bull run, which is truly unprecedented. With BTC prices reaching all-time highs (briefly hitting $49,000) on the heels of Elon Musk’s tech firm Tesla’s announcement that they’ve… Read More

PayPal Says it Won’t be Purchasing Bitcoin or Other Cryptos but Will Capitalize on the Growth Opportunity Presented by Digital Assets

PayPal Holdings Inc (NASDAQ:PYPL) has reportedly stated that they won’t be purchasing cryptocurrencies like Bitcoin (BTC), the payments giant’s CFO John Rainey told CNBC on Thursday (February 11, 2021). Rainey clarified that PayPal would not be investing corporate cash (probably) “in sort of financial assets… Read More

Bitcoin Adoption: Small Business Owners in India Reveal how Accepting BTC Payments has Helped their Companies

Deepika, who writes blog posts for LocalBitcoins, a peer-to-peer Bitcoin exchange, has asked whether there are any small business owners in India that accept BTC as a form of payment for goods and services. Deepika notes that it can be inconvenient when a small business… Read More

BitPay Says Fintechs Square and PayPal will Drive Bitcoin and other Cryptos to Become Globally Accepted Payment Method

The team at BitPay, a blockchain payment technology firm that allows users to accept and send Bitcoin and other cryptocurrencies, notes that even though 2020 was a “rollercoaster of a year for the world,” digital currency remains at the “forefront” of the future of finance…. Read More

OpenNode Celebrates Two Years Since Launch, Remains Focused on Supporting Bitcoin (BTC) Payments and Professional Business Invoices

The developers at OpenNode, which aims to offer a simple and reliable payments stack for businesses, notes that they had released the original beta version of their platform just two years ago. The OpenNode team writes in a blog post that they’ve grown really fast… Read More

Nash, a Fast and User-Friendly Decentralized Financial Services Platform, Introduces Easy Way to Accept Digital Asset Payments

The digital commerce sector is on track to surpass $4.6 trillion globally within the next two years, according to an update shared with Crowdfund Insider. Amazon, Walmart, and Costco alone are expected to generate sales and revenue valued at around $1 trillion during 2020. As… Read More

New Split Payment Settlement Feature from OpenNode lets Users Pay Certain Amount with Bitcoin (BTC) and Local Currency

The developers at OpenNode, which aims to offer a simple and reliable payments stack for business, have revealed that they’ve introduced a feature that allows users to split the settlement of a single payment across both Bitcoin (BTC) and local fiat currency. The company notes… Read More

Lightning Network (LN) Security Vulnerability Discovered, Cryptocurrency Users Told to Upgrade Software Immediately

Lightning Network (LN) node operators that may be running LND versions released before the October 1, 2020 version 0.11 update are now being asked to immediately upgrade their software. This, after a potentially serious vulnerability was recently identified in the source code of the protocol…. Read More

Microtransactions or Small and Quick Payments with Bitcoin (BTC) Can be Made via Lightning Network, OpenNode Team Explains

Ryan Flowers from OpenNode notes that the value of a single Bitcoin (BTC), the flagship cryptocurrency, keeps increasing and there will be more businesses that will accept BTC payments. Flowers points out that this has been the case in the past with larger corporations taking… Read More

BitPay Announces Wallet App Feature Expansion With Wyre Integration

Global blockchain payments provider BitPay announced on Wednesday a new feature enabling users to buy cryptocurrency from within the BitPay Wallet App using Wyre. According to BitPay, Customers can now buy Bitcoin and ETH using a debit card or Apply Pay through the mobile app. While sharing more… Read More

Bitcoin (BTC) Payments Now Accepted at Billion Dollar Food Delivery Giant, Just Eat in France, but Consumers Not Impressed

Billion-dollar food delivery giant, Just Eat in France, is now accepting Bitcoin (BTC) payments. Just Eat had been allowing users to pay with Apple Pay, Google Pay, PayPal, and also with their credit cards through its website. Other traditional payments options such as checks and… Read More

Cryptocurrency Payments Firm NetCents Technology Joins Visa Fintech Fast Track Program

NetCents Technology Inc (CSE:NC) (FSE:26N) has reportedly joined Visa’s Fintech Fast Track Program in order to enhance its payments platform. NetCents is a digital currency payments technology firm that will now be offering a Visa payment card to customers in the US and Canada. Like… Read More

Global Payment Sector to Reach $2.7 Trillion in Value by 2023, with Blockchain or DLT Increasingly Being Used by Cross-Border Payment Solutions: Report

The global payment industry and ecosystem has been growing steadily. The sector is projected to be valued at $2.7 trillion by 2023. Some of the challenges faced by the payment industry include high transaction fees, inefficient cross-border transactions, poor or lack of interoperability between different… Read More

Payments Firm Square Reports $875 Million in Bitcoin (BTC) Revenue via Cash App during Q2 2020

Payments company Square (NYSE:SQ) reported on August 4, 2020, that it generated $875 million in Bitcoin (BTC) related revenue through the company’s popular Cash App service during Q2 2020. Overall, Square reported a big beat topping analyst expectations. The jump was driven in part from… Read More

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