Adoption of Bitcoin payments by Kroger and Starbucks may be tipping point for crypto. It’s no secret that cryptocurrencies don’t receive many plaudits in the mainstream media as reliable means of payment. Critics have even claimed that Bitcoin “sucks” as a payment mechanism. Yet, despite that blinkered skepticism, cryptocurrency payments actually grew last year. Payment […]
Continue ReadingBitPay reports seeing over $1 billion in transactions this past year, along with record high transaction fee revenue. Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms […]
Continue ReadingAn undisclosed investment from UPS reveals a commitment to blockchain profitability after cautionary statements from the logistics giant. The investment arm of logistics giant UPS has made an undisclosed equity investment in United States enterprise blockchain company Inxeption, the firm confirmed in a press release Jan 16. Inxeption, which began operations in 2017, aims to […]
Continue ReadingDecentralized exchange aggregator Totle has closed a fresh funding round led by Arrington XRP, NEO Global Capital (NGC) and Goren Holm Ventures. Decentralized exchange (DEX) aggregator Totle has closed a fresh funding round led by major blockchain investors, according to a blog post from the firm Jan. 14. Arrington XRP, a crypto-focused hedge fund created […]
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Payment services giant Visa will reportedly acquire Ripple’s partner Earthport for over $251 million. American payment services giant Visa Inc. is acquiring Ripple partner Earthport Plc, a payment network for cross-border transactions, Reuters U.K. reported Dec. 27. Founded in 1997, London-based Earthport is a financial services firm that offers cross-border payments service to banks and […]
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Morgan Stanley’s report shows Bitcoin’s appeal to institutional investors as the market evolves. On October 31, multinational investment bank and financial services company, Morgan Stanley, released their latest report on Bitcoin. The report, entitled “Update: Bitcoin, Cryptocurrencies and Blockchain,” stated that Bitcoins and altcoins have constituted a “new institutional investment class” since 2017. In comparison […]
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Revenue Department of Thailand to use blockchain and machine learning to tackle tax avoidance and fraud. The Thai Revenue Department has revealed its plans to track tax payments using blockchain and maсhine learning, local news outlet Bangkok Post reported Nov. 5. Ekniti Nitithanprapas, the Revenue Department’s director-general, told reporters that blockchain will be used to […]
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sponsored An American Blockchain startup aims for the mass adoption of cryptocurrency and blockchain with a chain of agnostic protocols to process business transactions. An American startup is building a blockchain agnostic protocol in a bid to provide small businesses with affordable access to new technology, and drive the mass adoption of blockchain and cryptocurrencies. […]
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Chinese payments conglomerate Alipay is ramping up its B2B services with a new suite of offerings for small businesses (SMBs). Reports in Financial IT on Monday (Oct. 29) said Alipay is introducing a range of solutions for small businesses to support growth of China’s SMB community. They include business intelligence solutions like analysis and support […]
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Content marketing platform Skyword and marketing insights platform TrackMaven announced their merger on Tuesday, saying the move will provide B2B and B2C marketers with a greater understanding of how their content is performing compared to competitors. In June, Skyword released the next generation of its platform, called Skyword 360, and last month it broadened into […]
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