On The Web

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Systems

With bitcoin near all-time high, this is where Visa’s CEO sees crypto going

November 25 2020

• in
• Cryptocurrencies

“Every day, in every corner of the Earth, people have a choice of how to spend, whether it is cash, checks, or using Visa , Mastercard or a local card in their market, and new fintech platforms. The post-Covid world does not look great for cash and checks — just look at the stock price […]

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Domains

Andreesen Horowitz-backed Deel launches crypto payroll tool

November 13 2020

• in
• Cryptocurrencies
• Income

“A payroll platform which has drawn in $44 million in venture capital funding during the pandemic has unveiled a new tool to allow remote workers to be paid in cryptocurrency.Deel, which supports remote workforces with payroll and compliance, says the new tool will enable international workers to be paid in bitcoin, ether, or XRP — […]

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Companies

PayPal says all users in US can now buy, hold and sell cryptocurrencies

November 12 2020

• in
• Cryptocurrencies
• PayPal

“PayPal announced today it’s dropping the waitlist to buy, hold and sell cryptocurrency in the U.S. With the move, all customers in the U.S. will be able to purchase cryptocurrency directly from within their PayPal accounts. U.S. customers will also be alerted to the new feature through both an email and a push notification in […]

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Companies

Coinbase launches its cryptocurrency Visa debit card in the US

October 28 2020

• in
• Coinbase
• Cryptocurrencies

“Coinbase has announced that US customers can now join the waitlist for its Coinbase Card, a debit Visa card that allows customers to spend cryptocurrency anywhere Visa cards are accepted. Coinbase claims it’s “the easiest, quickest way to spend your crypto worldwide.” Previously, the card was only available in Europe.”

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Systems

$10 billion crypto firm Ripple considers relocating to London over U.S. regulation

October 23 2020

• in
• Cryptocurrencies

“Ripple, the $10 billion financial technology company best known for cryptocurrency XRP, is considering relocating its headquarters overseas due to frustration with the U.S. regulatory environment. The San Francisco-based firm’s CEO Brad Garlinghouse, who says he visited London only last month, told CNBC that U.K. markets watchdog the Financial Conduct Authority doesn’t deem XRP a […]

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Companies

PayPal in Talks to Buy Crypto Firms Including BitGo

October 23 2020

• in
• Cryptocurrencies
• PayPal

“PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc. , according to people familiar with the matter, a move that would expand its embrace of digital coins. PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the […]

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Companies

PayPal to allow cryptocurrency buying, selling and shopping on its network

October 21 2020

• in
• Cryptocurrencies
• PayPal

“PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets. PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021, the company said […]

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Risk

BitMEX Founders Charged With Failing to Prevent Laundering

October 2 2020

• in
• Cryptocurrencies
• Money laundering

“Founders of the pioneering crypto-derivatives exchange BitMEX were charged with skirting U.S. laws preventing money laundering and hit with civil sanctions as well, abruptly sending the price of Bitcoin down.    Arthur Hayes, Benjamin Delo and Samuel Reed were indicted in New York, where federal prosecutors claim the digital-asset exchange served American customers while flouting […]

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Systems

FinCEN Director Warns Banks About Cryptocurrency Risk Exposure

September 30 2020

• in
• Cryptocurrencies

“The U.S. Financial Crimes Enforcement Network ( FinCEN ) director Kenneth Blanco has warned banks to think seriously about their cryptocurrency risk exposure. During the virtual 2020 ACAMS anti-money laundering Conference in Las Vegas this week, Blanco discussed the obligations of banks in implementing effective anti-money laundering ( AML ) policies.”

On The Wires

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Systems

Ternio Joins Visa’s Fast Track Program as New Enablement Partner

October 13 2020

• in
• Cryptocurrencies

“The global fintech platform Ternio, announced today that it has joined Visa’s Fast Track program as a cryptocurrency focused enablement partner. By becoming part of Visa’s Fast Track program, Ternio will be able to make it quicker and easier for fintechs to leverage Visa’s global payments network and introduce new crypto-friendly payment experiences. Ternio’s existing […]