Payments News

On The Web

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Systems

Can Cryptocurrency Become the UN Money of the Future?

“As it does in other settings, cryptocurrency presents opportunities and challenges for UNICEF and, more broadly, the whole UN system. Cryptocurrencies are volatile and vulnerable to scams and money laundering. But they are also highly traceable and, when it comes to the UN, could some day provide the international organization greater independence from the countries […]
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Companies

Shopify Joins Libra, Defying a Wave of Defections From the Crypocurrency Venture

“The controversial Libra cryptocurrency project gained a new member Friday with Shopify Inc.’s announcement it will join the Libra Association , the governing body for the fledgling venture. Shopify’s decision comes in the face of a string of eight high-profile defections from the association since October, including decisions by Mastercard Inc., PayPal Holdings Inc., Stripe […]
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Systems

India lifts ban on cryptocurrency trading

“India’s Supreme Court on Wednesday overturned central bank’s two-year-old ban on cryptocurrency trading in the country in what many said was a “historic” verdict. The Reserve Bank of India had imposed a ban on cryptocurrency trading in April 2018 that barred banks and other financial institutions from facilitating “any service in relation to virtual currencies.””
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Deals

Bakkt Raises $300M Series B From Microsoft, Pantera

“Crypto derivatives provider Bakkt closed a $300 million Series B fundraising round and shared additional details about its upcoming mobile application in a blog post Monday. According to the post, authored by CEO Mike Blandina, Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, Pantera Capital and Bakkt parent firm Intercontinental Exchange (ICE) all […]
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On The Wires

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Systems

BitPay and Poynt Take Bitcoin to the Streets

“BitPay , the world’s largest provider of blockchain payment services, together with Poynt , the world’s first open commerce platform, today announced the integration of BitPay’s Bitcoin and cryptocurrency payments with Poynt’s Smart Terminal point-of-sale devices at more than 100,000 Poynt retailers worldwide.”