payments

Europe Has Fallen Behind on Digital Payments, Lagarde Says

Europe Has Fallen Behind on Digital Payments, Lagarde Says

A European Central Bank (ECB) panel tasked with exploring a central bank digital currency (CBDC) is set to reveal its findings in the near future, followed by a public consultation, said ECB President Christine Lagarde. Speaking at the Deutsche Bundesbank’s conference on banking and payments in the digital world Thursday, Lagarde addressed the competition to …

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Crypto-friendly fintech firm Ziglu receives e-money license, launches P2P payments

Crypto-friendly fintech firm Ziglu receives e-money license, launches P2P payments

Ziglu, a crypto-friendly fintech firm based in London, has received an Electronic Money Institution (EMI) license from the U.K.’s Financial Conduct Authority and has launched peer-to-peer (P2P) payments for both fiat and cryptocurrencies. The EMI license, which allows Ziglu to issue e-money and provide payment services, was issued on September 1. The firm initially applied …

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Another Bitcoin Lightning Startup Is Working With Visa to 'Fast Track' Card Payments

Another Bitcoin Lightning Startup Is Working With Visa to ‘Fast Track’ Card Payments

Last month, Bitcoin Lightning startup Strike announced  it would be working with the world payment giant Visa. Now, another startup in the same vein, LastBit, which just launched its app in beta, will be going through the same Visa Fast Track program.  This partnership will eventually make it possible for users to pay for items …

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Facebook launches group to oversee “all things payments” with David Marcus at the helm

Facebook launches group to oversee “all things payments” with David Marcus at the helm

Facebook has launched Facebook Financial, a new group focused on all payments and commerce-related opportunities with Libra co-founder David Marcus at the helm. Marcus will now head up all payments projects at the tech giant. According to a Bloomberg report published Monday, the project, internally known as F2, is an effort to reorganize commerce strategy …

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Audius Rallies EDM Artists, Crypto VCs to Back Vision for Music Payments on Ethereum

Audius Rallies EDM Artists, Crypto VCs to Back Vision for Music Payments on Ethereum

Music is back on the blockchain.  Audius, a streaming service that connects music fans directly with artists, has raised $3.1 million in a strategic round co-led by Multicoin Capital and Blockchange Ventures, with participation from Pantera Capital and Coinbase Ventures.  Audius has now raised a total of $8.6 million as the platform prepares for prime …

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To Beat Online Censorship, We Need Anonymous Payments

To Beat Online Censorship, We Need Anonymous Payments

Richard Myers is an decentralized applications engineer at GoTenna and Global Mesh Labs. Online censorship and surveillance will persist as long as local fiat currencies are the only way to pay for telecommunication services. The risk of internet censorship and surveillance is a growing concern in many parts of the world. NetBlocks, a digital rights …

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Bitcoin's price 'unlikely' to rise following 2nd stimulus payments

Bitcoin’s price ‘unlikely’ to rise following 2nd stimulus payments

On 22 June, the President of the United States, Donald J. Trump, hinted that the second round of stimulus payments could be on its way as the U.S economy continues to recover from the pandemic-induced crash. After 27 March’s historic $2.2 trillion stimulus bill, many expected the 2nd stimulus check to have a positive impact …

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JPMorgan nabs former Gemini executive to work on wholesale payments innovation

JPMorgan nabs former Gemini executive to work on wholesale payments innovation

Sarah Olsen, a former executive at crypto exchange Gemini, has joined the ranks of JPMorgan’s blockchain staff, a spokesperson for the bank confirmed to The Block.  Olsen, who previously was a managing director at Gemini, joined JPMorgan in June, according to her LinkedIn profile. As an executive director in JPMorgan’s corporate investment bank, Olsen will …

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Bitcoin makes up over 90% of payments processed by BitPay

Bitcoin makes up over 90% of payments processed by BitPay

Bitcoin continues to be the dominant payment method for BitPay, according to new payment statistics released by the firm. Since November 2019, bitcoin has maintained a 90% market share of all payments processed, by payment count, through BitPay’s platform. The closest competing asset is bitcoin cash, which maintained a market share of between 3-5%. Additional …

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