Posts in category

Merchants


Blockchain firm Bitfury has come up with a novel product aimed to make it easier to pay for products with bitcoin. To that end, a specialized engineering team within the company has developed a coffee vending machine capable of connecting to the Lightning Network, a second-layer transaction protocol designed to make bitcoin more scalable by …

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The New York Office of the Attorney General (OAG) has released a report on cryptocurrency trading platforms, finding that many are vulnerable to market manipulation and referring several exchanges to another agency for potential violations of state law. The NYAG’s inquiry was launched in April, seeking voluntary participation from 13 of the world’s most notable …

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Payment services giant Mastercard is looking at the use of blockchain for keeping track of consumer payments, newly published patent filings suggest. In a series of largely similar patent applications published last week by the U.S. Patent and Trademark Office, Mastercard outlines how a distributed ledger can be used to record “point-to-point transactions” as they …

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The Republic of India may be taking a deeper look at how it can use blockchain technology. India’s Union Cabinet – an executive decision-making body composed of senior government officials and led by Prime Minister Narendra Modi – said it would allow the nation’s Export-Import Bank (Exim Bank) to conduct research on distributed ledger and blockchain …

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Cryptocurrency exchange ShapeShift has launched a new membership program that will eventually become mandatory for its users. Positioned as a loyalty program, the initiative will see the startup offer a range of benefits while also moving to start collecting some personal information from its users, essentially forming a pivot away from its “exchange without accounts” …

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British maritime classification society Lloyd’s Register has developed a prototype blockchain platform aimed to enable more efficient shipping registration, the organization announced Tuesday. The not-for-profit, which is already looking at using blockchain to improve the safety and security of critical shipping infrastructure and individuals in the industry, is now working to speed up the process of …

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Crypto wallet and exchange startup Abra is opening up a new channel for deposits: European bank accounts. Residents in the Single Euro Payments Area (SEPA), as well as additional nations in the European Union, can now transfer euros or other national currencies directly to Abra, which in turn deposits bitcoin into users’ digital wallets. Customers can then convert …

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Peer-to-peer cryptocurrency exchange AirTM has raised $7 million in a Series A funding round. The Mexico-based startup, which seeks to help individuals conduct transactions and bypass traditional banking services, revealed the news Wednesday, saying it will direct the funds toward growing its reach across various markets in South America. In particular, the firm intends to …

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Sonya Mann works in communications and marketing at the Zcash Foundation, a financial privacy non-profit. She is a former technology journalist. For Americans, it can be easy to discount the social relevance of censorship-resistant digital assets like bitcoin. Unlike people living under authoritarian regimes, we are free to enter into commercial transactions how and when …

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The World Bank has exceeded its $73 million goal for its upcoming blockchain bond by $8 million, according to a new announcement. As previously reported by CoinDesk, Australia’s Commonwealth Bank (CommBank) intends to settle the bond, dubbed bond-i (for blockchain operated new debt instrument), on Tuesday, marking the first time the World Bank settles a …

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U. S. Customs and Border Protection will begin its live testing of a shipment tracking system on a blockchain after Labor Day, an agency official said. As previously reported, CBP plans to trial blockchain technology in a “live fire testing” as part of an effort to eliminate paperwork in verifying North American Free Trade Agreement (NAFTA) …

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Wirex, a London-based bitcoin wallet and payment card provider, announced on August 23 that it has become the third crypto-enabled company to receive an e-money license from U.K. financial regulators. The license, which is granted by the U.K.’s Financial Conduct Authority (FCA), enables the company to issue electronic money and provide payment services throughout the …

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Ink Protocol, a decentralized platform for peer-to-peer (P2P) payments, announced Tuesday that its decentralized application (dapp), Ink Pay, is now available on Coinbase’s Wallet app. According to a news release, the new dapp enables buyers to evaluate a seller’s reputation prior to making purchases – as well as leave their own feedback – and conduct …

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Two weeks after the Intercontinental Exchange (ICE) introduced Bakkt, a new digital assets platform, the latter’s CEO has set out to explain what the service will offer consumers. Bakkt chief executive Kelly Loeffler outlined the fundamentals for a platform to trade, store or spend cryptocurrencies in a post published on August 20. The platform is currently working with …

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A newly published Coinbase patent seeks to protect a way of making bitcoin purchases more secure for customers. In the filing, published August 14, the U.S.-based cryptocurrency exchange outlined how it could develop a payment portal which would allow users to pay using bitcoin directly from their digital wallet. “It may be a security concern for …

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Technology giant Tencent is trialing a new blockchain-based feature on its popular WeChat messaging app that is aimed to speed up the reimbursement of expenses for company employees. According to a blog post published on Friday, Tencent has piloted the application at a local restaurant in Shenzhen, China, where a user paid the bill through its …

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U.S.-based cryptocurrency exchange platform Coinbase has announced a new service aimed to boost cryptocurrency payment options for e-commerce businesses. According to a blog post published Thursday, Coinbase Commerce – the startup’s non-custodial cryptocurrency payment solution for merchants – has now launched a plugin for popular e-commerce platform WooCommerce. WooCommerce, going by figures cited by Coinbase, currently provides …

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U.S.-based custody bank Northern Trust is helping traditional “mainstream” hedge funds expand into cryptocurrencies, Forbes reported Tuesday. Northern Trust’s president, Pete Cherecwich, told the news organization that the financial services firm is working with three hedge funds – whose names he declined to provide – to add cryptocurrency investments to their portfolios. To that end, Northern Trust …

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Cryptocurrency payments startup Ripple is partnering with Madonna to raise funds for orphans in the African nation of Malawi. The legendary pop icon announced the fundraiser Monday as a way to celebrate her 60th birthday, saying all donations would go to Raising Malawi, a non-profit organization she co-founded with American screenwriter Michael Berg in 2006, to support its …

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Cryptocurrency merchant bank Galaxy Digital is set to trade on Toronto’s TSX Venture Exchange on August 1, Bloomberg reported Monday. The cryptocurrency merchant bank, which was first announced in January, received final approval from Canadian regulators to begin trading, founder and billionaire investor Michael Novogratz told BNN Bloomberg Toronto. He called the process to receive …

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