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An Overview of Debit Cards, P2P Payments, and Digital Cash in 2024

Clearly Payments

Debit payments, peer-to-peer (P2P) money transfers, and digital cash have been evolving at a good pace over the past 10 years. Over 15,000 businesses worldwide accept Bitcoin payments as of 2024. For instance, PayPal’s Xoom service, which specializes in cross-border P2P transfers, reported a 20% increase in transaction volume in 2023.

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Bitcoin Tracker: The Unbanked-Profit Dilemma

PYMNTS

Can the unbanked benefit from bitcoin, or are they merely the experimental subjects of bitcoin adherents, lobbyists and scientists? This week’s Bitcoin Tracker takes a look at the recent bitcoin projects that are in the news and that are targeting the unbanked. Vogel also wanted to clarify regulations surrounding bitcoin.

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Bitcoin Daily: Bank Of Canada Chief Says Digital Currency Needs Global Approach; Ripple Eyes Blockchain Firm MoneyTap

PYMNTS

In other news, blockchain tech company Ripple plans to invest in MoneyTap , a blockchain payments solution owned by SBI Holdings, according to CoinDesk. The app uses RippleNet , Ripple’s global financial payments network, to provide international remittances, corporate payments and peer-to-peer (P2P) transfers.

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The Beginning Of The End For Bitcoin?

PYMNTS

Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year, and it stands to reason that bitcoin’s skyrocketing value must eventually slow and reverse.

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Blockchain Is Making Its Way Into The Energy Industry

CB Insights

In the energy industry, blockchain applications are growing increasingly common. The blockchain ledger is being used to reduce transaction costs, pinpoint origins of energy, and increase the efficiency of exchanges. Live briefing: BLOCKCHAIN TRENDS IN 2018. Join us for a deep dive into blockchain in 2018. First Name.

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Bitcoin Daily: China Shuts Down Gambling Sites Using Tether; Japan's Soccer Star Debuts Own Crypto

PYMNTS

On P2P marketplace Paxful , traders are selling up to $16.2 million in discounted bitcoin in exchange for gift cards — an amount that a report from Arcane Research says is half Paxful's trade volume, Cointelgraph reports. Trade of bitcoin for gift cards, the report says, comes out to 48 percent of Paxful's revenue.

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FaceCoin: Here’s What Facebook Could Build In Blockchain And Cryptocurrency

CB Insights

Could blockchain be an answer to scandal-plagued Facebook? A variety of different signals point to Facebook getting serious about blockchain and digital currency. Download our 78-page report on the future of the blockchain. VCs and corporations are hot on blockchain. Get the report to see where blockchain tech is going.