Payment

  • Facebook-owned WhatsApp Looks to Launch Digital Payments in Indonesia

    Facebook-owned messaging service, WhatsApp, is purportedly in preliminary talks with multiple digital payments firms to launch digital payment services in Indonesia.

    Aug 21, 2019
  • Austrian Telecommunications Giant to Accept Cryptocurrency

    One of the largest mobile providers in Austria is planning to accept cryptocurrency for payment at certain store locations.

    Aug 21, 2019
  • Bitex Partners With Bantotal For More Cross-Border Payments in Latin America

    Exchange Bitex has partnered with Uruguay-based financial software company Bantotal in order to expand it cross-border payments system on the Bitcoin blockchain to Latin America.

    Aug 14, 2019
  • Norway’s Largest Airline Reveals Bitcoin Plans As Crypto Takes Flight

    Norwegian Air Shuttle, Norway’s largest airline, says it plans to allow its customers to pay for flights with Bitcoin instead of using a credit card. According to the Norwegian finance outlet Dagens Næringsliv, the airline is also launching a cryptocurrency exchange in August. There’s no official launch date for Bitcoin payments on Norwegian Air, but according to board member Kjos-Mathisen, crypto payments will be implemented after the exchange is officially open. “First, the marketplace will be launched. Then NBX will make a payment solution for the airline so that airline customers can pay with virtual currency.” In a blog post on Medium, the NBX team predicts the emergence of a new digital economy. “We are not all the way there yet, but the market is maturing. And as this happens, more crypto-assets will mature, affording freedom of choice for users and a lot more flexibility. This brings us full circle to the prediction NBX lives by, and one we share with several other companies working within this industry: we will soon see the flow of money disrupted, but this disruption, instead…

    Jul 25, 2019
  • First City in Canada to Trial Bitcoin Tax Payments

    Canadian citizens in the city of Richmond Hill will soon have the choice to pay their municipal taxes in bitcoin.  In partnership with Coinberry exchange, Richmond Hill is the first city and the second Canadian municipality to offer the option. Innisfil, a town of 36,000 just outside of Toronto, announced its own year-long trial in March 2019. Building on the momentum of this successful rollout, Coinberry is now outfitting the Richmond Hill government with the tools to accept bitcoin from its 200,000 constituents.  The Richmond Hill city council gave its stamp of approval for the initiative in a July 10, 2019, vote, and Marina Krtinic, a representative of Coinberry, told Bitcoin Magazine that, while the final deal hasn’t been inked, “Coinberry will be the only partner” for the new feature. Like in Innisfil, the government will use Coinberry Pay, the exchange’s fiat rail, to process the bitcoin tax payments into CAD. EXPANDING BITCOIN TAX PAYMENTS This program only applies to the city’s municipal taxes, but a team of city staffers will report back on September 30, 2019, to evaluate whether the option might…

    Jul 16, 2019
  • Facebook Crypto Plans Turn up Heat on EU Banks Over Real-time Payments

    The euro zone could have an instant payments system shared by all banks in the bloc by the end of 2020, finance industry officials said, as lenders face more competition from the likes of Facebook and other tech firms. Real-time payments have been possible in the 19-country currency bloc since 2017, but only about half of the euro zone’s banks have joined the scheme that underpins these transactions and it is mostly used for domestic payments. The project could now accelerate as banks feel the heat of new competitors like Facebook, which last week unveiled plans for a cryptocurrency that would offer seamless payments to its users worldwide. “The clock is ticking,” said Etienne Goosse, director general of the European Payments Council (EPC), that brings together large European banks, including Spain’s Santander, Deutsche Bank and France’s Societe Generale. Goosse said that regardless of Facebook’s success with its move into payments, big technology firms were here to stay and banks needed to move more quickly. He said the big tech firms had the advantage of being global unlike the fragmented European…

    Jun 28, 2019
  • Market Rebound Boosts Adoption of Cryptocurrencies for Payments

    It reveals that cryptocurrency’s role as a viable means of payment has been expanding and this year’s market rebound has increased the turnover of crypto payments.

    Jun 27, 2019
  • Eight Reasons to Use Cryptocurrency Payments in 2019

    The cryptocurrency market is projected to reach USD 1.40 billion by 2024 from USD 1.03 billion by 2019, at a CAGR of 6.18% during the forecast period.

    Jun 13, 2019
  • Telecom Giant AT&T Now Accepts Bitcoin Payments

    On May 23, telecom giant AT&T announced that customers can now pay their bills through Bitpay. The firm has become the first major U.S. mobile and landline carrier to accept?BCH?and?BTC?for payments. AT&T Now Accepts Crypto Payments American multinational telecom conglomerate AT&T has partnered with Bitpay to allow users to pay their bills with cryptocurrencies. Customers can use the?AT&T online platform?when they log on to their accounts and select Bitpay as a payment option. This allows clients to access the Bitpay invoice portal, where they can select?BCH?or?BTC?in order to pay their bills. AT&T’s customer base is huge and the firm ranked #9 in the U.S. Fortune 500 rankings based on total revenue. AT&T decided to partner with Bitpay and accept?BCH?and?BTC?because the firm wants to offer payment alternatives to better serve its customers. The vice president of AT&T’s communications finance business operations, Kevin Mcdorman, is thrilled to give clients more payment options. “We’re always looking for ways to improve and expand our services,” Mcdorman detailed during the announcement. The vice president also stated: We have customers who use cryptocurrency, and we are…

    May 24, 2019
  • Indian Banks Could Start Using Blockchain Technology to Improve Digital Payments

    According to the Indian business magazine Business Today, the National Payments Corporation of India (NPCI) could start using blockchain technology to improve digital transactions.

    Apr 15, 2019

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