Payments News

On The Web

nbsp; nbsp;

Systems

Jack Dorsey’s Square Plans to Build an Open-source Bitcoin Mining System

“Dorsey believes that further decentralizing the Bitcoin network will be critical for securely settling the transactions “well after the last bitcoin is mined.” Moreover, Square’s system aims to deliver energy-efficient mining solutions by innovation in silicon, software and integration. The initiative will be led by Jesse Dorogusker, Square’s hardware lead, who previously helped launch Square’s […]
nbsp;

Systems

Twitter Accelerates Again With Bitcoin Tips, NFTs, Recorded Spaces, Creator Fund and More

“Twitter’s slate of new product announcements is not slowing down. The company today introduced a number of new initiatives aimed at better serving the conversations and community using its platform, including support for tipping with crypto, NFT authentication, and plans for other experiments designed to provide more context about a conversation to those just joining […]
nbsp;

Systems

El Salvador’s Adoption of Bitcoin Is Off to a Rocky Start

“El Salvador faced a rocky transition in its adoption of Bitcoin as legal tender on Tuesday. The government’s app for facilitating transactions — its “digital wallet” — went offline temporarily, protesters took to the streets of the capital to denounce the move, and the price of Bitcoin dropped sharply, demonstrating the volatility of the cryptocurrency […]
nbsp;

Systems

MVB Bank to Offer Bitcoin and Banking Platform to Fintechs

“MVB Bank Inc. and Victor Technologies Inc. on Tuesday said they were entering a partnership which will help MVB Bank integrate Bitcoin into its banking-as-a-service solutions. MVB Bank and Victor said they will work with NYDIG, a technology and financial services firm dedicated to Bitcoin. MVB said it will be able to offer its fintech […]
nbsp; nbsp;

Global

El Salvador Gets Ready for a Risky Bitcoin Experiment

“In less than two weeks, El Salvador will become the first country to adopt bitcoin as a national currency . No one knows what comes next. The government of the impoverished Central American nation aims to spend up to $75 million as part of a plan to hand out $30 to people who sign up […]
nbsp;

Systems

Amazon Denies Report of Accepting Bitcoin As Payment

“Amazon.com Inc (AMZN.O) on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year. The report from London’s City A.M. newspaper, citing an unnamed “insider”, sent the world’s biggest cryptocurrency up as much as 14.5% before it trimmed gains to last trade 6% higher […]
nbsp;

On The Wires

nbsp;

Systems

Worldline and Bitcoin Suisse Launch WL Crypto Payments in Switzerland

“Today Worldline [Euronext: WLN] and Bitcoin Suisse announce the go-live of their omnichannel crypto payment solution for the more than 85’000 Swiss merchants in the Worldline network. Now all merchants in Switzerland using the Worldline point-of-sale and e-commerce payment services can let their clients pay in Bitcoin and Ether as easily as with other traditional […]