PYMNTS

NOVEMBER 26, 2019

As part of his job, Blieden had control over the company’s bank accounts, and would wire company money to his personal bank account. In other news, crypto exchange Bitfinex and its sister firm, stablecoin issuer Tether , have been accused again of manipulating the bitcoin markets. Department of Justice.

Bitcoin

PYMNTS

JULY 2, 2020

Those applications could accept credit cards, wire transfers and ACH, according to the company. Cointelegraph described the initiative as “a stablecoin backed by a network of banks.” Mike Crapo (R-Idaho) said digital dollar and stablecoins are “inevitable, beneficial, and the U.S. Initially, the network will be supporting U.S.

Blockchain

PYMNTS

FEBRUARY 23, 2020

The market is scrambling to provide users with a stablecoin. Local exchange BuyCoins has debuted $50,000 worth of Ethereum-based stablecoin Naira, backed one to one in the bank. Reginald Fowler, “an alleged operator behind payment processor Crypto Capital , was charged with wire fraud” on Friday (Feb.

Stablecoins

PYMNTS

FEBRUARY 15, 2019

There was a time when JPMorgan Chase (JPMC) CEO Jamie Dimon didn’t have much in the way of positive things to say about bitcoin. He said he regretted calling bitcoin a fraud, and that the blockchain was a genuinely interesting technology with potential. I didn’t want to be the spokesman against bitcoin. Dimon clarified.

Real Time Payments

PYMNTS

MARCH 19, 2019

IBM Blockchain World Wire has announced that it will be using Stronghold USD , a U.S. The World Wire network will support more than 50 countries, with more than 20 currencies and more than 30 banking endpoints. “As Integrating our technology with IBM Blockchain World Wire represents a paradigm shift for payment processors.”.

Wires

PYMNTS

APRIL 26, 2019

Cryptocurrencies have had a rough week of it, evidenced by a double-digit percentage drop in bitcoin, arguably the marquee name in the space. At a recent price of $5,092 as reported Friday (April 26), bitcoin is down from levels earlier in the week that topped $5,580.

Bitcoin

PYMNTS

NOVEMBER 15, 2019

In other news, the People’s Bank of China (PBoC) has denied a report that the country’s stablecoin is set to launch. Website DECPAPI.com spotlighted an API with a countdown that showed the national stablecoin would launch on November 20. An investigation has also been launched into the company.

Stablecoins

PYMNTS

OCTOBER 6, 2020

The feature includes an option to pay with cryptocurrency if the user desires, or with credit cards or wire transfers. Stablecoin transactions reached a volume of $54.9 CEO Gil Hildebrand said in the release that the company is excited about incorporating crypto into the billing process. billion in June.

Wire Transfer

PYMNTS

MAY 1, 2020

Any business that trades internationally or manages a global workforce will be familiar with the pain points of traditional cross-border wires and bank transfers. ” In this regard, stablecoins have been particularly disruptive at enabling corporates to embrace the benefits of cross-border digital currency payments.

Digital Currency

PYMNTS

JULY 11, 2019

In one example, he said one large firm, Avnet, has used BitPay for large transactions, and total costs have been cheaper than bank wires. He added that the firm performs routine checks to ensure that bitcoin (with transparency across the blockchain) is not being sourced from the dark web or other questionable locations. The Volatility.

Correspondent Bank

PYMNTS

NOVEMBER 2, 2020

Beyond the most immediate challenges, we’re headed into a longer-term evolution where digital payments are paving the way for the adoption of digital currencies, spanning, as Webster noted, crypto, digital bitcoin, digital dollars and stablecoins.

B2B

BitPay

APRIL 25, 2023

Employees can then allocate a portion of their earnings to their preferred cryptocurrency, whether it’s Bitcoin (BTC), Ethereum (ETH) or more than a dozen other top cryptocurrencies and stablecoins. Send globally with less fees: Pay employees across borders without the cost of traditional bank transfers or wires.

Payroll

BitPay

MAY 25, 2023

Pay less in transaction fees Crypto transaction fees are a fraction of the cost of wire transfers or credit card payments, in many cases totaling less than half of the fees imposed with traditional payment methods. BitPay supports the top cryptocurrencies, including Bitcoin (BTC), altcoins and stablecoins. How do I get started?

Cryptocurrency

PYMNTS

OCTOBER 30, 2017

Whether it was a bit of prescience – or perhaps a bit of prompting – we had a feeling that we might hear from the ecosystem after Karen Webster’s argument for just saying bye-bye to bitcoin. Bitcoin has only two proven use cases after eight years: criminal activity and speculation. “Few people speak out. How right she was.

Bitcoin

Clearly Payments

JANUARY 8, 2025

Cryptocurrencies, on the other hand, burst onto the scene in 2009 with the launch of Bitcoin and have seen explosive growth ever since. Bitcoin, Ethereum, Binance Coin, and several others remain the largest by market cap. Credit cards were introduced in the 1950s as a convenient way to make payments without cash.

Credit Cards