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Tag Archives: Payments

How Blockchain Can Finally Fulfill Its Promise in Global Payments

Several leading institutions are working towards producing tokenized digital central bank money, a more viable approach than unbacked crypto-assets.

South Africa’s Central Bank Claims Success in Blockchain Payment Trial

South Africa Reserve Bank indicates that tests of a blockchain-based system for interbank clearance and settlement produced astonishing results.

Project Jasper Reveals Proof of Concept for Accelerated Payments

Payments Canada, the Bank of Canada, TMX Group and Accenture have shown — through their collaboration on Project Jasper — that it is feasible to instantaneously clear and settle securities on-ledger, and have demonstrated for the first time that both central bank cash and assets can be tokenized to complete instant equity settlements via distributed […]

IBM, Global Citizen Seek Blockchain Ideas to Transform Humanitarian Aid

IBM and Global Citizen are issuing a challenge to the world’s developers: use blockchain to revolutionize donations to humanitarian causes.

BitPay Raises $40M in Series B Funding to Expand into Emerging Asian Markets

While the price of bitcoin continues to loom around the $7,000 range, Bitcoin payments seem to be holding strong in various parts of the world. In particular, emerging markets in Asia looking to facilitate low-cost payment solutions for cross-border commerce are benefiting from cryptocurrency transactions. This has become apparent as BitPay, the largest global blockchain […]

Newegg to Accept Bitcoin Payments from Canadian Customers

Newegg Inc., the online e-commerce site that is rivaling Amazon for sales in technical equipment and electronics, is expanding its payment options to include bitcoin for its customers in Canada. Apparently unfazed by recent price volatility and citing “the increasing mainstream awareness of cryptocurrencies,” Newegg is showing its confidence in the future of the cryptocurrency […]

Blockchain payment system Choice secures NZ$1 million through NEM

Choice, a new blockchain based payments system in New Zealand, has today announced it has successfully raised 2.6 million XEMS (NZD$1 million) through the NEM blockchain community fund.  Blockchain payment system Choice secures NZ$1 million through NEM

South Korean Financial Watchdog Touts Blockchain in Fintech Plans

South Korea’s Financial Services Commission plans to encoureage businesses to use blockchain tech in new payment systems and more.

Wirex brings back integrated bitcoin card for UK, Europe

Wirex, the bitcoin wallet and banking app announced the return of prepaid cryptocurrency spending to the UK and Europe, with the launch of new hybrid accounts. The company provides exchange between fiat and cryptocurrencies… Wirex brings back integrated bitcoin card for UK, Europe

Singlepoint Launches Bitcoin Payment Solution for Cannabis Industry

Singlepoint has launched a bitcoin payment solution for the cannabis industry. The company also plans to launch a cryptocurrency exchange in the upcoming months as well as a crypto wallet which will be ready for testing in the next weeks. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Singlepoint’s Bitcoin Solution Publicly-traded […]