News on Payment made using CryptoCurrencies
Armanino LLP, a popular accounting company in USA has announced that it will now accept 1000 cryptocurrency payment. A partner of Armanino, Andries Verschelden explained, “With more fintech companies, banks and brokerages exploring ways to mainstream cryptocurrency, it made sense for Armanino to build the infrastructure necessary to accept cryptocurrency payments for what we expect to be a growing form of payment.”
A collaboration made between Coinify (a bitcoin payment provider) and Verrency (a global payment company) have joined to allow the banks to offer their customers with virtual currency and token purchase & usage via their debit and credit card. The CEO of Coinify, Mark Hojgaard explained, “Coinify is honoured to partner with Verrency and connect our two platforms, which holds a huge potential for crypto adoption.”
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.”
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.
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.
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.”
The Australian government unveiled a new draft bill which is supportive of digital currencies. In its memorandum: “Digital currency is a new and developing area in the Australian economy. Unlike physical currency, it does not have a firmly established regulatory framework or industry structure. This makes it difficult to apply the cash payment limit in a way that would not largely prevent the use of digital currency in Australia or significantly stifle innovation in the sector.”
The Phone House (an European telecom service provider) has partnered with with UTRUST (a digital currency payment provider) which has announced that it is now accepting Bitcoin (BTC) and other digital assets for customer’s payments. General Director of Phone House Pedro Brehm said, “We are excited to announce our partnership with UTRUST, making payment through cryptocurrency possible for our Phone House customers.”
Aug 20, 2019
Aug 20, 2019
Aug 20, 2019