Category: Payments
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Australian Court Accepts Cryptocurrency Exchange Account as Security for Legal Costs
A court in Australia has agreed that a crypto exchange account can be used as security for potential legal expenses. Acknowledging the volatile nature of decentralized digital assets, the judge nevertheless conceded that cryptocurrency is a recognized form of investment in the current uncertain financial times. Also read: Court Rejects Ripple’s Bid to Dismiss Class…
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Shopify Joins Libra While Quitter Vodafone Advertises Bitcoin on Facebook
Facebook’s coin project, Libra, continues to draw attention despite setbacks, including a shrinking pool of backers and a growing number of worried regulators. But now with JP Morgan seeing potential for the social network’s cryptocurrency and e-commerce giant Shopify joining the Libra Association, its chances might have improved. Although, assuring governments that Libra won’t undermine…
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Curious About Bitcoin, Nigerians See Increasing Opportunities to Buy and Spend Cryptocurrencies
Higher prices since the start of the year have been restoring popular interest in cryptocurrencies. Google searches for “bitcoin” have increased since December to about half of those registered in June last year. There’s one country that sticks out as a benchmark for the indicator. Nigeria has consistently topped the chart in the past 12…
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Bitcoin.com, Danal Japan and ALLEX Partner up to Offer BCH Payment Services
Danal Japan Co., Ltd. (CEO: Riichi Omura), which develops mobile payment systems and a financial settlement infrastructure business, ALLEX, a Standard Capital company that develops security token exchange and STO businesses (Representative: TAISEI YAMAGUCHI), Bitcoin.com (Representative: Roger Ver), which provides Bitcoin Cash (BCH), and Bitcoin Cash (BCH).We are pleased to announce that a business alliance…
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Overwriting Satoshi: Kraken Exec Says Bitcoin Wasn’t Built for Payments, Isn’t Peer-to-Peer
As Director of Business Development for popular crypto exchange Kraken, when Dan Held speaks, people listen. As such, his recent 46-tweet diatribe on why the “payments narrative” for bitcoin is flawed grabbed the attention of many, tickling the ears of hardcore Lighting Network fans and bitcoin core maximalists alike. His argument is prima facie absurd,…
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Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force
The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators are obliged to meet anti-money laundering and counter-terrorism financing regulations. Also read: Uzbekistan Prepares Crypto…
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New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country. Also read: Crypto Startups to Get up to…
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Monarch Wallet Becomes First Live Decentralized Mobile Recurring Payments App
[et_pb_section fb_built=”1″ _builder_version=”3.26.1″ custom_padding=”3px|||||”][et_pb_row _builder_version=”3.26.1″][et_pb_column type=”4_4″ _builder_version=”3.26.1″][et_pb_image src=”https://amazingcrypto.com/wp-content/uploads/2019/11/MonarchAdBanner1104.jpeg” _builder_version=”3.26.1″][/et_pb_image][et_pb_text _builder_version=”3.26.1″ header_font=”Montserrat||||||||” custom_margin=”0px||||false|false” custom_padding=”15px||||false|false”] Monarch Wallet Becomes First Live Decentralized Mobile Recurring Payments App [/et_pb_text][et_pb_text _builder_version=”3.26.1″ header_2_font=”Montserrat||||||||”] High fees and chargebacks are a thing of the past! Monarch Wallet now allows businesses, creators and others to easily accept cryptocurrencies on custom or recurring bases while reducing…
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Bankers Start to Recognize Bitcoin’s Role in Financial Evolution
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, and…
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PR: SMART VALOR Lists Bitcoin Cash & Offers Users 5% Cash Back in Crypto
The first Swiss company to operate an integrated cryptocurrency exchange and custody, SMART VALOR, has added Bitcoin Cash to its range of listed tokens.Why does this matter and what’s in it for buyers? The listing of Bitcoin Cash (BCH) on SMART VALOR matters, because it is the first fully compliant and licensed exchange launched out…