Tagged: crypto payments

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

CoolBitX Partners with Payment Processor BitPay to Support Cryptocurrency Purchases Directly from Hardware Wallet

Blockchain security firm CoolBitX is focused on developing the infrastructure to bridge the gap between mainstream financial institutions and the nascent crypto-asset sector. On July 30, 2020, CoolBitX revealed that it has teamed up with BitPay, the leading provider of cryptocurrency payment services. As mentioned… Read More

London’s Micropayments Fintech SatoshiPay Acquires $550,000 Investment in XLM Cryptocurrency from Stellar Development Foundation

London-based SatoshiPay, a Fintech firm that aims to provide fast and affordable payment solutions, has teamed up with the San Francisco-headquartered Stellar Development Foundation (SDF). According to a release, SatoshiPay has received a $550,000 investment from SDF’s Enterprise Fund. The funds will be used to… Read More

Hardware Wallet Provider, Ledger, to Accept Digital Currency Payments via Crypto.com’s App

Ledger, a leading cryptocurrency hardware wallet provider, recently revealed that it’s now allowing its customers to make payments for products through Hong Kong-based Crypto.com’s online wallet app. As noted in an announcement published on April 9, 2020, Ledger will be accepting payments made using Bitcoin… Read More

Lightning Labs Introduces New Protocol for Handling Bitcoin Payments without Requiring Personal User Details

Lightning Labs, a company focused on developing the Lightning Network (LN), a layer-two scalability solution for conducting faster, cheaper micro-payments in Bitcoin (BTC) and other cryptocurrencies, has introduced a new authentication mechanism, called the Lightning Service Authentication Tokens (LSAT) protocol. The LSAT protocol will help… Read More

Crypto Startup Travala Partners Booking.com to Accept Digital Currency Payments for Hotel Reservations

Travala, a service that lets users pay for hotel reservations with digital currencies, will now be allowing its clients to book any hotel that is available via Booking.com. Travala’s management says that it has integrated Booking.com’s listed accommodations on its platform. The newly launched feature… Read More

NEM Ventures Strategically Invests in Cyclebit, a Company that Provides Tools for Accepting Cryptocurrency and Fiat Payments to Online and In-Store Merchants

NEM Ventures, the venture capital and investment division of the NEM blockchain ecosystem, one of the world’s largest cryptocurrency platforms with a market cap of more than $300 million (at time of writing), has reportedly made an investment in Cyclebit, a provider of “simple, affordable… Read More

Germany’s WEG Bank AG Is Planning to Process Bitcoin Payments for Its Retail Clients

WEG Bank AG, a German bank that’s partly owned by blockchain-related organizations Nimiq, TokenPay, and the Litecoin Foundation, is reportedly preparing to accept cryptocurrency transactions on behalf of its clients next year.  WEG Bank AG CEO Matthias von Hauff said that the bank’s program is… Read More

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