For nearly a decade, critics of cryptocurrency have had one last holdout argument against the non-hard form of money: it’s not acceptable as a standard form of payment except in a few niche markets. Now that some of the world’s largest paysites, banks, retail stores, and e-commerce entities accept Bitcoin (BTC) and several other cryptos,...Read More
OKEx Exchange native token $OKB has been listed on the leading cryptocurrency payment technology payment provider, Alchemy Global Payment Solutions. Alchemy payment solutions provide hybrid fiat and crypto payment systems. The payment solution provider now makes OKB available for offline payments. OKEx team got onto Twitter to announce this latest development of the token. The...Read More
Accenture, with its brand name in digital technology, has turned towards blockchain to enhance global trade experience for its customers. The company has partnered with the Dublin-based distributed ledger technology company TradeIX as per a Tuesday announcement. The current trade finance process involves a lot of paperwork and is tedious to do. TradeIX plans to...Read More
Ripple based money transfer startup SendFriend is supposed to save 80% remittance fees. David Lighton, the co-founder and chief executive of SendFriend explained how XRP impacts the payment process. As per Lighton, traditional money transfer firms usually charge up to 10 percent of the total amount being transferred from end to end. However, when SendFriend’s...Read More
The Legislative arm of Ukraine, The Verkhovna Rada, has passed an amendment to legalize crypto payments in the country. The anti-money laundering (AML) law complies with the Financial Action Task Force (FATF) standards. The law mainly handles the maintenance of virtual assets and virtual asset service providers (VASP’S). It provides clear guidelines for traders and...Read More
The Financial Stability Board (FSB) says government and regulators should closely monitor the emerging trend of BigTech companies entering the crypto payments and digital money transmission markets. BigTech Crypto Payments Pivot Could Disintermediate Banks In a report published on Sunday (December 8, 2019), the FSB called for greater monitoring of BigTech’s involvement in financial services....Read More
Apple officially launched its Apple Card payments service to US customers. Also, introduced its Daily Cash rewards program and other benefits. As per the announcement, iPhone users can easily apply for the Apple Card through the phone’s wallet app. Hence, start using it right away in stores, apps, and websites accepting Apple Pay. The Apple...Read More
One of the leading Facebook Owned Messaging platform Whatsapp, is currently planning to launch Digital payments in Indonesia. The platform is in talks with different digital payments firms as well as a state-owned bank to launch digital payment. It aims to tap the nation’s fast growing e-commerce sector. According to the reports , WhatsApp is currently...Read More
