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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News
The U.S. state of New Hampshire fails to pass its second bill to accept crypto for tax payments due to the high volatility of Bitcoin.
New Hampshire’s Second Bill to Accept Bitcoin as Tax Payment Fails
Helen Partz
2020-01-17T12:24:00+00:00
1834
News
Payments behemoth Visa has acquired financial technology firm Plaid for $5.3 billion to better connect with fintech applications.
Payments Giant Visa Acquires Fintech Firm Plaid for $5.3 Billion
Adrian Zmudzinski
2020-01-14T10:10:00+00:00
5709
News
The U.S. Treasury Department has almost completed tests of a blockchain-based grants payment capability.
US Treasury to Complete PoC of Blockchain-Based Grants Payment System
Ana Alexandre
2020-01-13T16:24:00+00:00
2503
News
Singapore-based crypto exchange Huobi partnered with a real estate firm in the UAE to offer secure crypto payment options for its real estate investors.
Huobi Exchange Partners With UAE Real Estate Firm to Enable Crypto Payments
Helen Partz
2020-01-13T11:46:00+00:00
2974
News
Thai Stellar-based blockchain startup Lightnet raised $31.2 million in a Series A funding round led by major financial conglomerates in South East Asia.
Thai Stellar-Based Startup Lightnet Raises $31M to Replace SWIFT
Helen Partz
2020-01-10T20:55:00+00:00
7048
News
New York lawmakers proposed a bill on a P2P savings and payment platform called the “New York Inclusive Value Ledger.”
Authors of New York’s P2P ‘Public Venmo’ Bill Hope for Greater Decentralization
Helen Partz
2020-01-10T19:08:00+00:00
2055
News
Christine Lagarde has pushed for the bank’s involvement in the development of a CBDC to address the demand for faster and cheaper cross-border payments.
ECB President Pushes for a Central Bank Digital Currency
Ana Alexandre
2020-01-09T17:05:00+00:00
3882
News
Major cryptocurrency exchange Binance has added support for Australian dollars and Thai baht.
Binance Crypto Exchange Adds Support for Australian Dollars and Thai Baht
Adrian Zmudzinski
2020-01-08T09:58:00+00:00
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