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An action group pressuring payment entities to block funds destined for white supremacists has successfully lobbied PayPal and is going after Visa and MasterCard.
MasterCard has rolled out facial recognition “selfie payments” across Europe, as privacy-centric cryptocurrencies push in the opposite direction towards anonymity.
As banks and major financial institutions continue to be exposed for their illegitimate operations and felonious actions, a more convincing case for Bitcoin and mainstream adoption is being established.
UK-based fintech startup Revolut raised over £7.75 million of funding via venture capital firms.
The boss of MasterCard in the UK and Ireland believes cash will be practically extinct in the next five years across Britain and Ireland and will seem as antediluvian as carrying a pouch full of gold.
The WEF was dedicated to the Fourth Industrial Revolution and FinTech. The World’s financial and banking giants again shared their attitude to Bitcoin and Blockchain technology.
Ted Rogers about Bitcoin debit card market in 2016-2017.
Let’s see what Visa & Mastercard Execs have to say about Bitcoin.
MasterCard has been feeling the heat of Bitcoin for over a year now. Bitcoin has become big enough worldwide so that it can no longer be ignored as a viable payment option and currency.
OneBit, a bitcoin wallet app that enables its users to pay with bitcoin at any credit card accepting store, has entered the alpha stage of development.
Classified ads site Backpage.com has filed a lawsuit against the County Sheriff who led a successful campaign to have Visa and MasterCard cut its payment processing.
International classified ad sites Backpage.com has switched to providing exclusively cryptocurrency payments for its adult entertainment section.
While other financial establishments such as VISA are experimenting with bitcoin and its blockchain technology, MasterCard has shifted its focus to biometric data security.
Apple has applied for a patent that would enable the transfer of money between iPhones, PayPal spends a boatload on Xoom, and more top stories from this week in FinTech.
The personal ad site Backpage has just had its payment processing terminated by both Visa and Mastercard, following termination by American Express last year.
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