A new patent-pending technology named SpeedPath that is anticipated to redefine restaurants and other merchants accept digital wallets has been introduced by a decentralized global payment processing company, Radpay. The CEO of Radpay, Dana Love explained, “Radpay’s recent patent filing titled ‘A Blockchain-based Secure Payment System’ laid out 26 novel claims. SpeedPay is one of those claims
The World Token Issuing Alliance (WTIA) and MEDSiS International (a financial service firm based in US) have entered into deeper partnership in Argentina. The agreement reported empowering the Argentinian registration and payment system powered by Maxwell stablecoin. The CEO of MEDSiS, Joshua Dax Cabrera explained, “Maxwell is key to the SUPOFEPRA project. It will help stabilize the unbanked and add jobs and opportunities to new populations like never before.”
During the World Blockchain Summit taking place Singapore, BLOCK 30 was awarded the title “Best North America Startup – 2019”. The CEO of BLOCK 30 Labs, Briant Foote proudly said, “We think that a Web 3.0 online marketplace model – that solves for the trustless verification of ID’s, goods, sellers and chain of ownership has some very real implications for how customers may want to utilize blockchain in the future.”
Square (a payment firm) has made public that it has made $125 million ($2 million gross profit) from its bitcoin sales on its crypto friendly Cash App. Jack Dorsey, head of Square and Twitter CEO commented, “We love you, Bitcoin,” & he himself contributed to the increase in revenue Cash App. It is also bring out its crypto-focused subsidiary Square Crypto.
A popular cryptocurrency payment gateway, BitPay which allows crypto-to-fiat for vendors has suddenly cut its support for users from Germany with little explanation. Many suspect BaFin which has passed a new regulation which comes into force from February 1, 2020 and also its push to EU to adopt similar law, might have scared BitPay off and forced it to shut its doors in Germany.
The Robert Wood Johnson Foundation (RWJF) has contributed a grant the city of Austin, Texas to connect homeless with social and health services. The mission reported reducing the homelessness problem such as to streamline health care access and identity verification by blockchain-enabled digital identity platform which will be done by Austin’s office of innovation, which has already built a successful prototype.
The archipelago nation, Malta has announced that it will employ blockchain for its national business registry (MBR). The junior Minister for Financial Services Silvio Schembri explained that “The goal is to increase the system’s efficiency and lessen unnecessary bureaucratic procedures through an extensive investment in information technology. The new MBR will also feature new services that were previously not possible.
An open mobility ecosystem, Car eWallet ( an application for all smartphones and indeed, communicate through the car screen) has shared its plan to utilize IBM blockchain technology for car-related transactions into the central doorway. The wallet will facilitate the cars to record the transactions for tolls, parking, fuel and insurance automatically as blockchain could offer a more reliable, fast and centralized option.
The venture capital and investment arm of the NEM blockchain, NEM Ventures has shared their plan to invest in blockchain and IoT startup, IoDLT. The Director and Co-founder of NEM Ventures, David Mansell expressed, “We see huge potential in IoDLT, and are thrilled to be investing in a startup with significant potential for scalability. Facilitated by NEM Catapult, IoT devices connected directly to the blockchain will have a wide array of industry application.”
A blockchain-powered payment system, PumaPay has shared that they have launched its new crypto billing solution named PullPayment Protocol which is also PCI compliant. The CEO of PumaPay, Yoav Dror explained, “PCI compliance puts PullPayment Protocol on the map, giving PumaPay the recognition it needs to deliver its crypto billing solution, while also keeping users’ financial information secure.”