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
Wirex and the Stellar Development Foundation emphasized that age is “no barrier to adopting blockchain technology.”
Older investors are getting into crypto, new survey finds
Helen Partz
2021-01-21T14:21:15+00:00
9300
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A global automotive consortium is leveraging blockchain-based “birth certificates” to track the purchase and maintenance history of secondhand vehicles.
Ford, BMW back blockchain 'birth certificates' to combat used car fraud
Samuel Haig
2021-01-20T03:31:41+00:00
10495
News
China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN.
China’s blockchain project BSN to pilot global CBDC system in 2021
Helen Partz
2021-01-15T11:49:57+00:00
7071
News
The Justice Department's November 2020 suit has reversed the planned merger.
Visa abandons $5.3B Plaid acquisition in the face of DoJ antitrust suit
Kollen Post
2021-01-12T21:50:15+00:00
17842
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The trade war with China homes in on the country's thriving digital payments industry.
Trump bans Chinese payment apps, including AliPay and WeChat Pay
Kollen Post
2021-01-06T14:57:02+00:00
15330
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Many gamblers may no longer need to use Bitcoin ATMs in casinos, as they could transfer their crypto directly to casino gaming accounts.
Slot machine manufacturer gets patent for crypto payment options
Turner Wright
2021-01-05T21:54:59+00:00
21140
News
Despite past claims, Dash insists that it's no more private than Bitcoin
Following delisting, Dash pushes back against 'privacy coin' label
Andrew Thurman
2021-01-02T21:55:43+00:00
31449
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Dash Core Group has announced the release of new updates for the Dash platform as well as the DashPay smartphone wallet app.
Dash announces new update, social payment wallet enters testnet
Osato Avan-Nomayo
2021-01-01T12:07:00+00:00
13890

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