Lightning Network Friendly Fold App Raises $2.5 Million to Bring Bitcoin Payments to Retailers

September 27, 2019 @ 3:46 am By Omar Faridi |

The Lightning Network (LN)-compatible Fold App, which lets users purchase clothes and various other items and receive Bitcoin-back rewards, has added support for fiat currencies after completing its first investment round as an independent startup. The company recently spun out of crypto venture studio Thesis… Read More

Read more in: Blockchain & Digital Assets, Fintech | Tagged amazon, bitcoin, Fold App, lightening, payments, target

Chainalysis: Use of Bitcoin for Retail Payments Declined Dramatically in 2018

November 24, 2018 @ 12:51 pm By Cali Haan |

Despite Bitcoin having achieved some of the price stability advocates have long said would facilitate its adoption at the retail level, the retail use of Bitcoin declined 80% in 2018, says blockchain analysis firm Chainalysis. Currently, many Bitcoin transactions are settled directly to the blockchain, meaning… Read More