Search Results for: Merchants

Samsung Collaborates with Israel’s Credorax On Automated Blockchain Platform For Merchants

Samsung SDS, a division of the South Korean tech giant that provides IT solutions, has partnered with Israel-based fintech and payment service provider Credorax, to tap the European payments market. The two firms will work together to build a blockchain-based settlement solution, which helps automate account reconciliation for European merchants and banks. Inside Samsung’s Quest … Continue reading Samsung Collaborates with Israel’s Credorax On Automated Blockchain Platform For Merchants

Shopify Adds Another Option for Merchants to Accept Payments in Over 1,000 Cryptocurrencies

CoinPayments, Cayman Islands-based crypto payment solution provider, has announced a partnership with the Canadian e-commerce giant Shopify. The partnership aims to offer an alternative payment option for Shopify merchants as well as expanding the adoption of cryptocurrencies. Shopify is a leading multinational commerce platform for online stores across multiple sales channels, including mobile, social media, … Continue reading Shopify Adds Another Option for Merchants to Accept Payments in Over 1,000 Cryptocurrencies

Binance Unveils Crypto-Powered Debit Card in Europe For Seamless Transactions Across 60 Million Merchants

Leading crypto exchange Binance has rolled out its Binance Card, a crypto debit card, in Europe that will enable users to convert their stored cryptocurrencies like Bitcoin (BTC), Binance Coin (BNB), Swipe (SXP), and Binance USD (BUSD) to fiat and spend them at more than 60 million merchants worldwide. Eliminating the conversion hustle and bustle  … Continue reading Binance Unveils Crypto-Powered Debit Card in Europe For Seamless Transactions Across 60 Million Merchants

United States CFTC Issues Advisory on Digital Currencies for Futures Commission Merchants

The Division of Swap Dealer and Intermediary Oversight (DSIO) of the Commodity Futures Trading Commission (CFTC) has released an advisory to futures commission merchants (FCMs) clarifying how to hold digital currencies in segregated accounts. Segregated accounts are customer funds that are held in separate accounts from a company’s own funds. The clients’ funds are held in … Continue reading United States CFTC Issues Advisory on Digital Currencies for Futures Commission Merchants

PayPal to Enable Customers to Pay with Crypto at 29 Million Merchants Worldwide

Normal 0 false false false EN-US X-NONE X-NONE PayPal Holdings Inc. will begin allowing US consumers to use their crypto assets to pay at 29 million merchants worldwide. Currently, the cryptocurrency checkout service is being worked out, and is set to be available in the upcoming months. The new development is therefore set to boost … Continue reading PayPal to Enable Customers to Pay with Crypto at 29 Million Merchants Worldwide

Nearly 70% of Merchants Believe Crypto Payments will Revolutionize Business Models, Study Shows

The appetite for cryptocurrencies in e-commerce continues to gain steam as they offer more convenient and safer payment methods, according to a report by global payments solution provider Checkout.com. Based on a study entitled “Demystifying Crypto: Shedding light on the adoption of digital currencies for payments in 2022 report,” Checkout.com invited 3,000 merchants and 30,000 … Continue reading Nearly 70% of Merchants Believe Crypto Payments will Revolutionize Business Models, Study Shows

87% of Merchants Believe Crypto Payments Enhancing Competitive Advantage: Deloitte Survey

87% of merchants believe crypto payments will enable them to stay at the top of their game based on the competitive advantage rendered, according to a survey by big four audit firm Deloitte. Per the report: “Overall, merchants understand that their adoption of digital currency payments puts them at a competitive advantage, broadly agreeing (87% … Continue reading 87% of Merchants Believe Crypto Payments Enhancing Competitive Advantage: Deloitte Survey

BigCommerce Partners with BitPay & Coinpayments to Enable Crypto Payments for Merchants

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Is It Wise for E-Commerce Stores to Accept Crypto As Payment?

Everyone is aware of crypto these days. Once obscure, these digital assets are rapidly integrating into the mainstream, particularly in the realm of e-commerce. The industry is predicted to grow from its previous perception as a niche investment for tech enthusiasts to $2.9 billion by 2030. The increasing digitisation of various aspects of life demands … Continue reading Is It Wise for E-Commerce Stores to Accept Crypto As Payment?

Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches

  Photo by Fancycrave on Unsplash Market regulator highlights 11 cases where supermarkets and online platforms sold food products that did not meet national food safety standards Zen Soo   Celia Chen   China’s market regulator has highlighted 11 cases of supermarkets and online platforms selling food products that did not meet national food safety standards, some of which are … Continue reading Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches

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