Swiss Zug residents can pay $100,000 taxes with Bitcoin and Ether starting February
Reports today have informed that Switzerland Canton of Zug is expanding its support for cryptocurrencies, as residents and companies in the region can choose to pay more taxes with Bitcoin (BTC), including Ether (ETH) by next year. This is not the first time that the local authorities are letting residents pay taxes with Bitcoin and […]
Crypto exchange AirTM to distribute $18M to health workers in Venezuela
$18 million seized from Nicholas Maduro government to be shared amongst health workers through Crypto exchange AirTM. According to records, the $18 million that is to be distributed through Crypto exchange AirTM has been previously seized from the present Nicholas Maduro led government. The report claims the cash was earlier scheduled to be shared amongst […]
Ripple dragged to court in Australia over the PayID trademark
Ripple is set to spend the next few months arguing a court case after it was slammed with a PayID trademark infringement lawsuit. The National Payments Platform Australia (NPPA) has decided to sue Ripple following the use of the PayID trademark by the digital assets outfit. According to the NPPA, Ripple’s infringement on their brand […]
Crypto payments firm Wirex fulfills American dream with a new license
The UK-based crypto payments platform Wirex announced in an official blog post on Friday that it has bagged a money transmission license from the US state of Georgia. This license will serve as the first crucial step in fulfilling its dream of expanding in America. Multicurrency crypto payments platform that allows secure and borderless spending […]
Massive surge in crypto outlets as Slovenia crypto adoption increases
Slovenians are presently turning to digital assets to make a good return after it was confirmed that over 1,000 locations around the country now accept Bitcoin. Cafes and restaurants are presently leading the pack as statistics show Slovenia crypto adoption rate has increased massively. Major service providing firms now accept digital assets as payments. Announcing […]
Kraken CEO: PayPal will remain a choke point despite bitcoin adoption
Kraken CEO stated that PayPal supporting Bitcoin might be a huge leap for the asset’s adoption, but it won’t change Paypal’s policies on account closures. Sources have reported that payment processors PayPal and Venmo are planning to offer the buying and selling of cryptocurrencies to their platforms. While the news may mean a huge leap […]
Singapore’s carpooling service now accepts Bitcoin payments
Bitcoin payments are now accepted by Singapore’s very first carpooling app called RYDE, which launched an exclusive cryptocurrency wallet for its riders on Wednesday. The trend for Bitcoin payments is witnessing a massive spike in light of COVID-19. Increasing travel bans, stringent cash quarantine measures, and an aversion to fiat monetary systems due to economic […]
US banking regulator wants banks and crypto to band together
The US banking regulator, the Office of the Comptroller of the Currency (OCC) is seeking advice from the public on how banks and crypto can work together toward a common goal to strengthen the economy. Brian Brooks, a former legal counsel at cryptocurrency exchange Coinbase who now serves as the Acting Comptroller of the US […]
Western Union may soon acquire MoneyGram
According to Monday’s report by Bloomberg global remittance giant Western Union has offered to buy its competitor MoneyGram. Although there has been no final decision made in this regard, if the acquisition does go through, it would bring United States’ two largest money wiring service companies together. Notable takeover offers of 2020 So far, 2020 […]
Shopify now accepts cryptocurrency payments
Shopify and its extensive list of clients will now accept cryptocurrency payments after the Canadian e-commerce giant signed a strategic alliance with a crypto payments processor, CoinPayments, on Wednesday. Shopify is riding a wave of cryptocurrency and blockchain success. In February, it joined forces with the controversial yet eagerly-awaited project Libra led by Facebook’s Zuckerberg. […]
Tokenized real estate PayPal ban a big boost to crypto property traders
Tokenized real estate PayPal ban imposed on a U.S. based real estate firm RealT has turned out to be a boost to the platform sales. The permanent ban has come as a blessing in disguise for accompany that is fast disrupting the real estate sector. The platform which runs on the Ethereum ecosystem has recorded […]
LG facial recognition platform to power payments
LG facial recognition platform that revolutionizes how payments are done has been unveiled. The global brand and South Korea electronics manufacturer has been working behind the scenes on digital currency. Backed by an LG digital token, the platform is using the user face to make contactless payments. The pilot project comes at a time when […]
Banks in Argentina test new blockchain clearing system
Top banks in Argentina are reportedly conducting trials on a new blockchain-based system that will enable settlements amongst them, which will also form the basis for a new clearing system. The blockchain development team, IOV Labs disclosed the news on Tuesday. Argentina sees a new blockchain clearing system alternative IOV Labs specializes in developing financial […]
BIS researchers forecast adoption of digital payments amid Covid-19
Bank for International Settlements (BIS) researchers have reiterated reports that the coronavirus could be spread through physical cash; hence, it could eventually result in the adoption of digital payments. Coronavirus pushes adoption of digital payments In accordance with the Bulletin recently released by BIS, the researchers noted that the impact of the virus is slowly […]
