Payment

News on Payment made using CryptoCurrencies

Coinify Partners with Verrency for Crypto Payments

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.”

New Patent-pending Payment System Introduced by Radpay

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

MEDSiS Teams-up with WTIA For Stablecoin Payment System

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.”

Payment Firm earns $125 Mn From Bitcoin Sales

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.

Germany is Ousted From BitPay List

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.

IBM Blockchain Adopted By Car eWallet for Payments

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.

PumaPay Introduces PullPayment Protocol

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.”

Blockchain Payments Program Introduces by MasterCard

As an effort in expanding its services, Mastercard has recently formed a collaboration with BENEFIT (Bahrain’s Electronic Network for Financial Transactions) for blockchain payment. The division president for Mastercard in the Middle East and North Africa, Khalid Elgibali explained, “As a technology company, Mastercard is proud to introduce the latest payment technologies to the region, which are helping to build the infrastructure for a smart economy.”

Australia’s New Cash Payment Draft Bill Positive For Crypto

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.”

Phone House Joins Hands with UTRUST For Crypto Platform

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.”