Payments News

Bitcoin, as any other type of money, is able to act as a means of payment. Bitcoin payments are supposed to be fast, secure and private, but there are some complications. Since every Bitcoin transaction must be recorded in the blockchain, the growing amount of strain on the network has resulted in transactions taking nearly four days to complete. As miners are paid with the fees from recording transactions, larger fees could help speed up your transaction, but this makes it unreasonable to pay with Bitcoin for small purchases, which are always the majority of transactions. These problems resulted in a hard fork and the establishment of Bitcoin cash, which is much faster and cheaper for payments. Other cryptocurrencies were made as an alternative for Bitcoin payments, by storing them in public blockchains or by getting rid of established mining pools, possibly resulting in the ability to double-spend a Bitcoin, if a successful 51% attack is performed.

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Opinion
Cryptocurrency is an alternative to sovereign currencies that are issued by state governments, but national digital currencies are not so far away from being la...
National Digital Currencies: Not Yet Too Big to Fail
Richard Dennis
2020-03-26T21:49:00+00:00
1951
News
Tron partnered with cryptocurrency service provider Metal Pay to enable instant purchase of TRX in the United States.
Tron Partnered With Metal Pay to Allow Instant Buying of TRX in the U.S.
Adrian Zmudzinski
2020-03-25T23:30:00+00:00
2112
News
U.S.-Latin American remittance provider reveals that Ripple is not being used for remittances in its “core markets.”
Intermex Is Not Using Ripple for Its Mexican Remittances
Samuel Haig
2020-03-22T14:35:00+00:00
5652
News
Less than 1% of Australians used crypto for consumer payments in 2019, according to a survey by the Reserve Bank of Australia.
Less Than 1% of Australians Used Crypto to Pay for Services in 2019
Helen Partz
2020-03-20T21:15:00+00:00
1470
News
Per a new report, financial institutions have mostly deployed blockchain to improve payments, securities settlement, fraud detection security and trade finance.
Report: Top Blockchain Use Cases Are in Payments, Security and Settlements
Ana Alexandre
2020-03-19T19:39:00+00:00
1748
News
Sweden’s central bank wants to join Switzerland, Singapore and Hong Kong in hosting the BIS innovation hub.
Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies
Helen Partz
2020-03-17T12:59:00+00:00
1973
News
Internet users in the U.S. get more crypto-native browser support, as Opera rolls out Bitcoin and Ether wallets and direct crypto purchases with debit cards and...
Opera Browser Enables Apple Pay and Debit Card Crypto Purchases in the US
Jon Rice
2020-03-17T08:33:00+00:00
2479
News
Starbucks mobile app users will soon be able to pay for their coffee and snacks using Bakkt Cash.
Bakkt Announces New Direct Payment Integration with Starbucks
Turner Wright
2020-03-17T05:03:00+00:00
5252

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