Binance’s decentralized wallet supports XRP, credit card payments

Cryptocurrency exchange giant Binance is gaining ground among its competitors and is quickly becoming a global force behind crypto adoption. It has launched operations around the globe and, most recently, hinted that it was ready to introduce a fiat-to-crypto exchange in Argentina. Now, the third largest crypto exchange by volume has made changes to its…

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Facebook may be looking to replicate a major feature from one of China's top apps

Facebook is reportedly pushing into payments on WhatsApp, a move analysts said is aimed at replicating the success of WeChat in China. Tencent-owned WeChat is China’s most popular messaging app and has a mobile payments feature known as WeChat Pay. Analysts said the difference between China and other markets for payments could make it difficult…

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Japanese bank MUFG to launch a blockchain-based payments system

Mitsubishi UFG Financial Group (MUFG) has announced that it intends to launch a blockchain-based payments system by 2020. The new system will first launch in MUFG’s home country of Japan. The financial services giant partnered with Akamai Technologies, a Cambridge, Massachusetts-based digital services company. The new system will be known as the Global Open Network…

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UAE Exchange Joins Ripple-Based Payments In Thailand

The worldwide payment platform and foreign exchange operator, Finablr is based in the United Arab Emirates and has recently joined Ripple’s RippleNet blockchain network according to a press release posted yesterday (February 11th). Finablr’s network brands, UAE Exchange and payment platform Unimoni will use the blockchain-based platform that Ripple have provided to follow through will…

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Ripple partner and startup raises a whopping $1.7 million in funding to improve cross-border payments

SendFriend, a partner of Ripple and a startup that focuses on improving cross-border payments has received a whopping $1.7 million in funding during its first round of investment. The next-generation remittance company focuses on the smartest way to send money to the Philippines which will help overseas Filipino workers to securely transfer USD to PHP…

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Ripple ready to Expand as XRP payments launch at Thousands of Stores

Ripple is preparing to amp up their hiring in response to XRP’s quickly growing network. They’ve been securing partnerships at a non-stopped pace and now have one in place that could spark mass adoption. Cryptocurrency payment processor CoinGate now supports XRP payments which means 4500 stores now accept XRP for goods or services. CoinGate is…

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JPMorgan Notes Marginal Improvements to Payment System With Blockchain Technology

Experts at financial services giant JPMorgan say that blockchain technology will provide benefits to banks and payment systems, Bloomberg reports on Jan. 29.   JPMorgan’s chair of global research, Joyce Chang, said, “Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be three…

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Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. Among major new customers this past year, BitPay named Dish Networks, HackerOne, and the…

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SafeCharge Posts Record Revenues in the Final Quarter of 2018

SafeCharge is the next company from the industry to report record revenues in the final quarter of last year. The payment service provider managed to outperform its management’s expectations. The company posted a pre-close trading update on its investor relations website this morning. The strong momentum which the company guided the market on in November…

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Chilean Treasury Launches Blockchain Platform to Process Public Payments

The Chilean General Treasury of the Republic (TGR), which oversees tax collection in the country, has launched a blockchain platform to process payments, according to a press release published Dec. 19. TGR — a dependent institution under the Ministry of Finance — reportedly first met with the Digital Government Division of the Ministry General Secretariat…

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Brazilian Supermarket Chain Now Accepts Payment in Bitcoin

A Rio de Janeiro supermarket chain, Oásis Supermercados, is now accepting payment in bitcoin core, bitcoin cash and litecoin. It joins a growing number of Brazilian businesses in construction, ecommerce, hospitality and transport, already taking payment in cryptocurrency. Also read: Pan-African Bitcoin Exchange Kubitx Goes Live, Launches OTC Wallet Shopping the Cryptocurrency Way Beginning Dec. 18,…

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Signature Bank Hits New Ethereum Blockchain Platform For Institutional Payments

If you’re not involved in the blockchain, in five years, you won’t be around as a bank. Claiming that, we have to do this, otherwise we’re not going to exist.  Signet Develop to Overcome the Lack of Traditional Platform  First Blockchain Platform With Regulatory Compliance  New York continues to support and help advance innovation through…

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InstaReM CEO: We Are Looking to Acquire Licenses in APAC Region

Cross-border payments are a perennial problem for both individuals and businesses alike. And though many new service providers have risen up over the past twenty years, issues still remain. Hidden fees and bad exchange rates are often the name of the game and can leave a user feeling as though they got gypped. Companies such…

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KuCoin Partners with Simplex, Enables Credit Card Payments

KuCoin, a Singapore-based cryptocurrency exchange, has signed a partnership which will allow users to buy cryptocurrency with credit and debit cards. Filling the gap Israeli payments firm Simplex is the other half of the deal. According to the KuCoin website, customers will now be able to buy Bitcoin, Ethereum, Litecoin, USD and EUR using their…

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Study263 Helps Zimbabweans Import Food Using Bitcoin

Study263, a Zimbabwean-owned fintech startup operating from South Africa, has opened an online store allowing Zimbabweans to buy food hampers that are delivered directly to their homes. Shoppers have the option to pay for items like cooking oil and baked beans in BTC, Paypal or Ecocash, a local mobile money payment system. Also Read: Ivy and…

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Digital Bank Revolut Surpasses 3 Million Customers

U.K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015. It currently offers payment and exchange services for a growing number of fiat currencies and cryptocurrencies. Also read: Huobi Opens in Russia, Plans…

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Major Thai Bank to Test Visa Blockchain Solution for Cross-Border Payments

Thailand’s fourth largest bank, Kasikornbank, has recently joined the blockchain-based Visa B2B Connect program for cross-border payments, local newspaper The Nation reported Thursday, September 20. According to The Nation, Kasikornbank is the “first” bank in the country to use the technology, setting the stage for a more widespread use of blockchain in the country’s banking…

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Mastercard To Use Blockchain To Track Consumer Payments

Mastercard is ready to use Blockchain technology to improve its services and processes. According to newly published patent filings, the company is analyzing blockchain technology for keeping track of consumer payments. Mastercard Analyzing Blockchain Technology The U.S. Patent and Trademark Office has published several patent applications filed by Mastercard. The application number is 62467900 and…

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Vad är bitcoin – bitcoin explained and made simple | guardian animations

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Distributed ledger startup Ripple has endorsed three cryptocurrency exchanges as its “preferred partners” for transacting with its xRapid payments service, which uses the cryptocurrency XRP. Announced Thursday, Bittrex, Bitso and Coins.ph will now serve as Ripple’s “preferred digital asset exchanges” as part of its efforts to build out the XRP ecosystem. Cory Johnson, Ripple’s chief markets…

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