Since Bitcoin was introduced in 2009, the world has seen a shift in traditional fiat-based financial transactions. The controversial nature of the acceptance of cryptocurrencies is now more tilted to the positive end where the world now deems it fit to establish guidelines to tax cryptocurrency holders. The first part of this guideline was issued … Continue reading IRS Announces New Tax Payment Guidance on Cryptocurrencies
Binance, an Asian based cryptocurrency exchange is undoubtedly one of the biggest cryptocurrency exchanges available in the cryptosphere today. Its centralized exchange operations are backed by technologies that have not only made it a go-to trading platform but has also built trust in terms of ease of use. In light of advancing the company’s market … Continue reading Binance Now Accepts Fiat Payments Through Alipay and WeChat
Alipay, one of the most popular digital payment systems under China’s Alibaba group, officially stated that it would be banning all payment transactions related to Bitcoin and other cryptocurrencies. As mentioned in a twitter thread, “there’re several reports about @Alipay being used for bitcoin transactions. To reiterate, Alipay closely monitors over-the-counter transactions to identify irregular behavior … Continue reading Alipay Officially Bans All Bitcoin-Related Transactions
Keplerk, a French-based cryptocurrency startup has relaunched its Bitcoin for tobacco service in as many as 5200 outlets across France starting from October 10th, according to a report by France’s top news Channel BFM TV. Bitcoin is undoubtedly the most dominant cryptocurrency in the cryptosphere today and it not only has the largest market cap, … Continue reading 5200 Vendors Now Accept Bitcoin Payments For Tobacco Purchases
Circle, a worldwide financial services firm, revealed on Oct.16th that Bermuda has started accepting tax payments using its stablecoin known as USD Coin (USDC). This undertaking is a part of a broader strategy by the Bermuda administration to utilize decentralized financial services and protocols, as well as the United States dollar-backed stablecoins. Circle CEO and … Continue reading Crypto Tax Payments Permitted in Bermuda
Cardano, based in Zug, Switzerland recently partnered with COTI, an enterprise-grade fintech platform to create an ADA payment solution for merchants. The ADA payment system will be launched in November this year, and it will help merchants to process payments in ADA and receive payments in 35 different local currencies into their bank account. This … Continue reading Cardano Partners With COTI To Enable Merchant Transactions via ADA Payment Gateway
Greyp, a Croatian mobility tech startup and electric bike manufacturer, has partnered with two blockchain firms, the Energy Web Foundation (EWF) and slock.it, to establish an automated payment structure for IoT vehicles. EWF utilizes blockchain in the energy industry, whereas slock.it is an IoT firm that connects physical devices to the blockchain network. According to … Continue reading Greyp Teams Up with Blockchain Entities for Automated Payment System
October 2019 has seen change come to China regarding blockchain, technology innovation and future plans in the Chinese financial system. Earlier this month, China’s President Xi Jinping made announcements on blockchain prompting banks to begin investing in the industry. In line with this, it is reported the next direction will be a new digital currency … Continue reading China Creates New Regulatory Authority for Blockchain Products and Digital Payments
David Marcus, Head of Calibra, the digital wallet for Facebook’s Libra stablecoin explained at Money 20/20 conference in Las Vegas about how the network aims to transform the traditional payments industry. Marcus claimed that anti-money laundering (AML) standards of Libra will be more substantial and secure than any other payment network. He added: “We also … Continue reading Calibra Head David Marcus Declares Libra as the Most Secure Payment Network
It is now possible to purchase Bitcoin on Dropbit wallet through Apple Pay or Google Pay. This news was announced in a Medium post by Coin Ninja on November 5. Prior to this announcement, Dropbit was only used to send and receive Bitcoin, which can be done by using just the phone number of the … Continue reading Bitcoin Purchase Made Possible By Dropbit Through Apple Pay and Google Pay