PYMNTS

SEPTEMBER 17, 2020

Two individuals from Russia who were recently sanctioned by the Treasury Department purportedly put into place copycat websites for cryptocurrency exchanges that that tricked people into providing login information, CoinDesk reported. There were 9,680 bitcoin ATMs as of the start of the month, marking a 167 percent year-on-year rise.

Bitcoin

PYMNTS

APRIL 5, 2019

People who want to use UnionBank of the Philippines ‘s (UBP’s) new bitcoin ATM will need to have an account with the bank. According to The Next Web , UBP, the seventh-largest bank in the Philippines, launched its first cryptocurrency ATM this week. We see CODA as way more than just payments.

Bitcoin

PYMNTS

MARCH 3, 2020

The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. Algorand created a permissionless, open source and pure proof-of-stake blockchain technology. The supply of SOV will be set to increase at 4 percent yearly to stop inflation from occurring.

Digital Currency

PYMNTS

JANUARY 27, 2019

Business for bitcoin ATM companies seems to be booming, with Coin ATM Radar estimating that there are now 4,213 cryptocurrency ATM machines around the globe, most only offering bitcoin. And Jorge Farias, CEO of the Panama-based startup Cryptobuyer, is planning to open Venezuela’s first bitcoin ATM in Caracas next month.

Bitcoin

PYMNTS

JUNE 21, 2019

The firm plans to draft rules and oversight for cryptocurrency firms to prevent abuse. The initiative highlights concern from authorities around the world that cryptocurrency is being used to hide money gained from criminal activity. However, there are many ways to remain fairly anonymous.

Cryptocurrency

PYMNTS

JUNE 9, 2019

In other news, riders at London’s Bond Street station might have believed they hit the lottery when a bitcoin ATM started spitting out money. As you can see, there is a bag in the front of ATM. However, our ATMs support large transactions — and it is fair to say that a larger, redesigned presenter would be a good solution.

Bitcoin

Fintech News

JULY 3, 2024

Singapore, long known for its financial prowess and technological innovation, has emerged as an unexpected leader in cryptocurrency adoption. From the bustling streets of Marina Bay to the fintech hubs in the Central Business District, cryptocurrency has woven itself into the fabric of Singaporean life.

Financial Literacy

PYMNTS

NOVEMBER 14, 2018

Arket , a brand of H&M , is piloting a blockchain product integration with the help of VeChain, TheNextWeb reported. A spokesperson told TNW , “Arket has done a small Proof of Concept (POC) through a pilot testing with VeChain to use blockchain technology to secure product data traceability in the value chain.”

Bitcoin

PYMNTS

JUNE 6, 2019

In other news, Vancouver’s mayor is suggesting the ban of bitcoin ATMs, as the city’s police called them an “ideal money laundering vehicle.”. Aion Network has announced the launch of the world’s first JVM-compliant blockchain virtual machine. “We And Azarus has raised $1.8

Bitcoin

PYMNTS

DECEMBER 17, 2020

As of this writing, and as noted by CNBC , the marquee name of cryptocurrency stands out as it touches fresh new highs of about $23,000, eclipsing the highs seen as far back as three years ago, when bitcoin approached $20,000. Ternio, of course, has linked with Visa as a cryptocurrency-focused enablement partner.

Bitcoin

PYMNTS

AUGUST 19, 2019

Through the application, a process of handling cryptocurrency with a wallet interface that is multi-tiered is described on a peer-to-peer network that is decentralized. As it stands, Bank of America is said to have won 36 applications for blockchain patents with 31 pending.

Multi-Currency

PYMNTS

OCTOBER 28, 2018

According to Coindesk , the companies behind the new token include decentralized exchange startups Kyber Network and Republic Protocol , as well as cryptocurrency custody company BitGo. Ethereum is set to launch a new token at the beginning of 2019. You could use a note which represented a pound of gold and it was well accepted,” said Chan.

Bitcoin

PYMNTS

AUGUST 30, 2019

The asset manager is developing a platform that would tailor portfolios of cryptocurrency funds for institutional investors, the Financial Times reported on Aug. Howard is launching a $1 billion endeavor for specially-designed cryptocurrency hedge fund portfolios. Nevada currently has 110 bitcoin ATMs.

Bitcoin

PYMNTS

MAY 6, 2020

Irish bitcoin ATM operator Boinnex found itself facing roadblocks from Allied Irish Banks (AIB), which shut down its account and said it didn’t want to deal with an unregulated form like cryptocurrency, according to CoinDesk. Cryptocurrency still isn’t recognized by the Central Bank of Ireland as a legitimate form of payment.

Bitcoin

PYMNTS

OCTOBER 14, 2017

Enter blockchain, because cash no longer rules everything around the Wu-Tang Clan, and yet the ethos of CREAM can still live on. In the ever-proliferating wave of cryptocurrencies and ICOs, Wu-Tang Clan’s Ghostface Killah hopes to raise $30 million in a digital coin sale in November of this year. And now, it stands for something else.

Cryptocurrency

PYMNTS

JULY 12, 2019

Cryptocurrency exchanges in Canada will now only have to report transfers of more than CA$10,000 ($7,663). The Litecoin Foundation has announced that Litecoin has become the “Official Cryptocurrency of the Miami Dolphins.”. As a result, the platforms are now classified as money service businesses (MSBs).

Bitcoin

The Fintech Times

SEPTEMBER 14, 2024

Fintech in Taiwan In 2019, Taiwan’s financial industry spent over $700million on fintech research and development (R&D), as well as AI, AML, biometrics, blockchain, cloud services, cybersecurity, payment and regtech solutions. However, in Taiwan, cryptocurrencies are not regulated as legal tender.

Innovation

PYMNTS

SEPTEMBER 6, 2019

Sources have said that Sinochem Energy Technology Cois in talks with Royal Dutch Shell and Macquarie Group to build an energy blockchain platform. In other news, cities around Colombia could be getting some new bitcoin ATMs. Colombia is already home to 46 bitcoin ATMs, according to CoinDesk.

Bitcoin

Fintech News

MAY 27, 2024

Trialed Digital Tenge use cases include wholesale cross-border CBDC transactions with the Hong Kong Monetary Authority, CBDC vouchers for school meals, smart contracts designed to safeguard public funds allocated for road construction, and Digital Tenge stablecoins on the Binance cryptocurrency exchange.

CBDC

PYMNTS

FEBRUARY 24, 2017

Though the cryptocurrency flirted with higher numbers, bitcoin mostly settled just above or below $1,000 for the first half of the month — likely while investors waited to see how the whole Chinese exchange investigation storyline would pan out. The cryptocurrency’s maximum value, reached on Nov. machines per week.

Bitcoin

PYMNTS

MAY 7, 2020

Seattle-based digital currency ATM company Coinme has brought in a $5.5 In other news, digital currency financial services app Abra has notched a $5 million investment from the Stellar Development Foundation (SDF) that comes before its integration with the Stellar blockchain, CoinDesk reported.

ATM

PYMNTS

FEBRUARY 7, 2020

As noted in this space in 2019, Ripple Labs , which has been developing and deploying the XRP cryptocurrency, invested $50 million in MoneyGram, in an effort to develop cross-border payments functionality underpinned by blockchain. MoneyGram has, over the past several months, picked up significant investment from other companies.

Cross-Border

PYMNTS

OCTOBER 5, 2018

Overstock subsidiary Medici Ventures is investing in VinX , which is making a blockchain solution that monitors the ingredients of wine on their journey between the vineyard and the glass, according to reports. And a federal judge for a federal court has ruled that a cryptocurrency in a case is, in fact, a commodity, TheNextWeb reported.

Bitcoin

PYMNTS

JUNE 25, 2019

JPMorgan plans to test its proposed cryptocurrency, the JPM Coin, by the end of the year, according to reports. Umar Farooq, the head of digital treasury services and blockchain at the company, said the firm will run a pilot of the coin with select customers near the end of 2019, if regulators allow it.

Cryptocurrency

PYMNTS

DECEMBER 2, 2016

These things can change by the minute, as all cryptocurrency users well know, but the end of November and the first few days of December appear to have been good to bitcoin holders. While bitcoin remains largely unregulated and relatively unsecured worldwide, recent strides have been made in Japan to capitalize on the cryptocurrency market.

Bitcoin

PYMNTS

MARCH 26, 2018

This is why many experts are saying that cryptocurrencies — or at least bitcoin — have no place in small dollar, day-to-day transactions like buying a coffee — that, and the amount of time it takes to process a payment, which is long enough for a hot coffee to cool, or for that mochaccino to melt. Each one has its own approach and rationale.

Bitcoin

PYMNTS

JUNE 23, 2019

Overstock CEO Patrick Byrne said that he welcomes Facebook ’s entry into the cryptocurrency market. Overstock has spent $150 million on its blockchain business, tZero; the company owns 82 percent of the exchange. Overstock has spent $150 million on its blockchain business, tZero; the company owns 82 percent of the exchange.

Bitcoin

PYMNTS

AUGUST 19, 2019

Through the application, a process of handling cryptocurrency with a wallet interface that is multi-tiered is described on a peer-to-peer network that is decentralized. As it stands, Bank of America is said to have won 36 applications for blockchain patents with 31 pending.

Security

Stax

JULY 9, 2024

EFT transactions also include ATM withdrawals using debit cards with a personal identification number (PIN). Many cash-only businesses have an ATM onsite, given how ubiquitous debit cards are. By leveraging blockchain, EFT payments can become more efficient, reducing the need for intermediaries and lowering transaction costs.

Electronic Fund Transfer Act (EFTA)

Finovate

APRIL 16, 2024

A collaboration between digital payments platform CiNKO and cryptocurrency cash exchange Coinme is designed to boost access to digital assets for millions around the world. “Our mission is to provide more individuals around the world with access to a better financial future via cryptocurrency.

Cryptocurrency

CoinRemitter

AUGUST 17, 2023

Apart from some controversies over the legalization of cryptocurrencies, some countries believed in the latest cryptocurrency trends of 2023 and came forward in their support and contributed to the growth of worldwide crypto adoption in e-commerce and other industries. This shows the government’s support and faith in cryptocurrencies.

Cryptocurrency

PYMNTS

JANUARY 20, 2019

Indonesian ride-hailing company Go-Jek is acquiring a “substantial” number of shares in Philippine-based blockchain services platform Coins.ph. Bitcoin ATM company Coinme is partnering with Coinstar to allow bitcoin purchases through Coinstar kiosks at select Safeway or Albertsons stores in California, Texas and Washington state.

Bitcoin

PYMNTS

NOVEMBER 4, 2016

While bitcoin’s lack of anonymity may not be a major issue for regulators, banks and proponents of its underlying blockchain tech, it could still put a dent in its overall use by businesses and consumers who want to keep transactions private. Zcash made a splash this week in the world of cryptocurrency.

Bitcoin

PYMNTS

SEPTEMBER 17, 2020

Though the pandemic has spurred a decline in cash use and acceptance, according to the bank, and banks have “rationalized” ATM fleets, there still is “importance” in keeping access to cash in place.

Central Bank

PYMNTS

JANUARY 27, 2020

Letting crypto-to-fiat payments flourish will give cryptocurrencies a boost, according to most experts, as several of them are too volatile or not fast enough to become an effective payment option. This is why, Dorsey notes, he focused on boosting bitcoin as opposed to working to developed a blockchain-based currency specific to Square.

Visa

CoinRemitter

JULY 10, 2024

Built upon blockchain technology, DeFi offers a decentralized option by enabling financial interactions without needing trust in a central authority, operating autonomously. Fees: one of the biggest issues is that banks often charge fees for services such as overdrafts, ATM withdrawals, and account maintenance, which can increase.

Finance

Finovate

AUGUST 16, 2024

The bank announced the largest single investment in ATMs in the last decade earlier this year, as well as an investment of €15 million on new fraud prevention technology. Mexico City-based cryptocurrency exchange Bitso partnered with blockchain company Coincover for its non-custodial disaster recovery service.

AML