Payments News

On The Web

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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 […]
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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 […]
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Systems

New Jersey Attorney General Issues Cease And Desist Order Against Multi-Billion Dollar Bitcoin Financial Services Platform

“According to a draft press release from the New Jersey Office of the Attorney General, the Bureau of Securities is planning to issue a Summary Cease and Desist Order to New Jersey-based multi-billion dollar bitcoin financial services platform BlockFi to stop offering interest-bearing accounts.  If signed, this action could be the first of its kind […]
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Global

After El Salvador, India May Move to Classify Bitcoin As an Asset Class

“After El Salvador’s historic move to adopt Bitcoin as legal tender (rendering it full currency status), things are looking brighter back home in India for crypto-enthusiasts. Top sources tracking the industry told this publication that the government has moved away from its earlier hostile stance towards virtual currencies and will most likely classify Bitcoin as […]
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Systems

El Salvador Move Could Strain Bitcoin Blockchain, JPMorgan Says

“El Salvador’s declaration of Bitcoin as legal tender could create challenges for both the country and the cryptocurrency, according to a team from JPMorgan Chase & Co. Bitcoin trading volumes commonly exceed $40 billion to $50 billion per day, but most of that is internalized by major exchanges, said a group from JPMorgan including Steve […]

On The Wires

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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 […]
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