Bitcoin came into being at a time when the fragility of the global economy was exposed. While the proponents of the world’s largest digital currency believe that Bitcoin would bring about financial salvation, its critics, on the other hand, term it…
Tag: Payment
Samsung Partners With Israeli Fintech on Blockchain Solution for Merchants
Samsung SDS, the South Korean tech giant’s IT services subsidiary, has just announced a partnership with Israel-based fintech and smart payments provider Credorex. According to a report from The Korea Herald, March 4, the two companies will collaborate to develop a payment…
Italians Prefer BTC to Visa or Mastercard When Shopping Online
According to new data from marketing analysis firm SEMRush, Bitcoin (BTC) is the third-most preferred online payment method in Italy. Bitcoin comes in third place On Oct. 31, the Italian news outlet La Stampa reported that the Boston-based marketing analysis company, it was…
Opera Browser Adds Bitcoin Payments to Android Update
The Opera web browser has added bitcoin e-commerce and TRON integration to its Android app, the company said. The enhanced crypto functionality will let Opera for android users make bitcoin payments directly from its built-in digital wallet and interact with…
Facebook-led Libra Association secures 21 signatures at inaugural charter meeting
Twenty-one organizations have formally joined Libra after Monday’s Association meeting. The commitments follow a string of significant departures, as Visa, PayPal, MasterCard, Stripe, eBay and Booking departed from the Facebook-led stablecoin project. During a meeting in Geneva, the twenty-one organizations formally signed…
The IRS Will Now Ask if You Own Crypto in the Most Widely Used US Tax Form
The Internal Revenue Service (IRS) has updated the main form individual U.S. taxpayers use to report their income to include a question about cryptocurrencies. Following the release earlier this week of the IRS’s long-awaited guidance for reporting crypto-related income, the IRS on…
Senators Caution Mastercard, Visa, Stripe on Libra Membership
Two Senate Democrats are urging three payment processing companies to reconsider their involvement with the Libra cryptocurrency project envisioned by Facebook Inc. and a coalition of other groups. Libra poses risks not only to global financial systems, but also to the companies’…
Venezuelan Exchange Rolls Out Crypto Debit Card With Petro Support
Two Venezuelan companies have partnered to release a cryptocurrency debit card and point-of-sale (PoS) system. “Crypto transfer device” supports four currencies According to a social media release by state-sanctioned exchange CriptoLAGO on Oct. 1, the joint offering with so-called “investment cryptobank” Glufco is already taking orders.…
Ohio businesses can no longer pay taxes in bitcoin as the method gets suspended
Ohio, which became the first U.S. state to allow taxes to be paid in bitcoin last November, is no longer accepting cryptocurrency tax payments. Ohio Treasurer Robert Sprague announced Wednesday the immediate suspension of the OhioCrypto.com website, which allowed businesses in the…
Swift Chairman Says Cryptocurrencies Are Causing Extraordinary Change in Financial Industry
In what seems like quite the endorsement for cryptocurrencies, the chairman of the global provider of secure financial messaging services, Swift, said that cryptocurrencies are causing an extraordinary change in the financial industry. He also mentioned Libra, the cryptocurrency created…