Payments

74 Beauty Clinics in Japan Now Accept Payments in BTC

6 days ago admin2 0
News This week the Japanese cryptocurrency exchange and payment processor, Bitflyer, announced its partnership with SBC Medical Group the parent company of the popular Shonan Beauty Clinic. The union between both firms means that 74 clinics nationwide will allow patients to settle their bills in cryptocurrency. Also read: Markets Update: BTC Price Jumps Over $1000 in Read More

Arizona’s Crypto Tax Payments Bill Is Being Revamped

2 weeks ago admin2 0
Arizona’s cryptocurrency tax payments bill is being reworked, according to one of its sponsors, with the hope of putting it forward for a vote in the coming weeks. In an interview with CoinDesk, Arizona Representative Jeff Weninger detailed the work being done on the measure, which, as previously reported by CoinDesk, would allow residents in Read More

Blockchain Remittances Face Efficiency Hurdle, Says Taiwan Central Bank

4 weeks ago admin2 Comments Off on Blockchain Remittances Face Efficiency Hurdle, Says Taiwan Central Bank
Blockchain systems for interbank clearance and remittance may not be as efficient as centralized systems just yet, according to a report released by the Central Bank of Taiwan. Announced by the bank’s new governor Yang Chin-long at a press event Thursday, the report outlined various explorations currently being conducted by the island’s central banking authority into Read More

Bitcoin Will Be World’s ‘Single Currency’ Says Twitter CEO

4 weeks ago admin2 Comments Off on Bitcoin Will Be World’s ‘Single Currency’ Says Twitter CEO
Jack Dorsey, chief executive of Twitter and payment company Square, has spoken of his strong belief in the future potential of bitcoin. In an interview with The Times published Wednesday, Dorsey, himself a noted bitcoin investor, said he believes the cryptocurrency will take over the U.S. dollar’s dominant place in world finance and become the primary global Read More

The Payment Industry is About to Be Struck by Lightning: Expert Take

4 weeks ago admin2 Comments Off on The Payment Industry is About to Be Struck by Lightning: Expert Take
In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please Read More

Israeli Regulator: Utility Tokens Shouldn’t Be Deemed Securities

1 month ago admin2 Comments Off on Israeli Regulator: Utility Tokens Shouldn’t Be Deemed Securities
The Israel Securities Authority is recommending lenient regulations for initial coin offerings, including a clear definition of what separates a so-called “utility token” from a security. In a report released last week, the regulator even proposed a temporary sandbox, where regulators would allow entrepreneurs to experiment under supervision as the cryptocurrency market evolves. According to Read More

Singapore Central Bank Eyes Blockchain Potential in Cross-Border Remittance

1 month ago admin2 Comments Off on Singapore Central Bank Eyes Blockchain Potential in Cross-Border Remittance
The Monetary Authority of Singapore (MAS), the city-state’s de facto central bank, is looking to adopt blockchain technology in conducting cross-border remittances. During a speech on Thursday at a financial industry event, MAS managing director Ravi Menon doubled down on his belief that one of the “strongest” use cases for crypto tokens is to facilitate cross-border settlements. Read More

Square Seeks BitLicense to Bring Bitcoin Buying to New York

1 month ago admin2 Comments Off on Square Seeks BitLicense to Bring Bitcoin Buying to New York
Digital payments company Square is in the process of applying for a BitLicense in a bid to expand its Cash App’s bitcoin buying option to New York. A spokesperson for Square confirmed the process following a tweet on Tuesday that suggested the company was “working on” opening up bitcoin buys and sells to users in that Read More

PayPal Is Seeking Faster Crypto Payments Tech

2 months ago admin2 Comments Off on PayPal Is Seeking Faster Crypto Payments Tech
PayPal is eyeing a way to boost the speed of cryptocurrency payments, a newly-released patent filing shows. An application for an “Expedited Virtual Currency Transaction System” published on March 1 by the U.S. Patent and Trademark Office (USPTO) details a method by which private keys – the strings of numbers and letters used to transact Read More

E-Commerce Giant Rakuten Is Launching Its Own Cryptocurrency

2 months ago admin2 Comments Off on E-Commerce Giant Rakuten Is Launching Its Own Cryptocurrency
Japanese e-commerce giant Rakuten is launching a cryptocurrency. Rakuten CEO Hiroshi Mikitani unveiled the “Rakuten Coin” initiative – which will be used as part of the company’s points-based loyalty rewards system – during this week’s Mobile World Congress event in Barcelona. Speaking Tuesday, Mikitani pitched the project as a way to help the company expand Read More