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
Eftpos revealed its plans to use distributed ledger technology to power smart cities and self-driving vehicles during the Australian Blockchain Week conference.
Eftpos reveals plans to power Australian smart cities with blockchain tech
Brian Quarmby
2021-04-20T13:56:26+01:00
16860
News
The coworking firm is the latest to see crypto as a suitable asset for its corporate treasury.
WeWork to accept crypto payments and hold them on its balance sheet
Osato Avan-Nomayo
2021-04-20T13:25:15+01:00
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News
Venmo is following in the footsteps of its rival, Square’s Cash App, by introducing cryptocurrency trading.
PayPal-owned Venmo launches cryptocurrency trading
Marie Huillet
2021-04-20T11:41:26+01:00
11947
News
After debuting Bitcoin payments back in 2014, online electronics retailer Newegg added a Dogecoin payment option.
Electronics retailer Newegg now accepts Dogecoin as payment
Helen Partz
2021-04-20T08:18:44+01:00
18429
News
Crypto.com users can buy 18-month subscriptions of Time Magazine using CRO and other cryptocurrencies.
Time Magazine to accept crypto payments for digital subscriptions
Sam Bourgi
2021-04-19T12:00:00+01:00
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Event Recap
Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate” event sheds light on Bitcoin’s role as an investment tool, along with the future of stablecoins.
Visa, JPMorgan and ING discuss Bitcoin, Ether and stablecoin development
Rachel Wolfson
2021-04-16T14:58:05+01:00
8368
News
Coinbase and cryptocurrencies viewed cynically on Chinese social media, and news of a large mining GPU smuggling bust in Hong Kong.
Our Man in Shanghai: Coinbase listing scorned, graphics cards seized, nostalgia coins rule
Ben Yorke
2021-04-16T02:43:09+01:00
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News
A new resolution would establish a task force to study crypto in Miami-Dade County's public administration.
Miami commissioner wants to let residents pay taxes in Bitcoin
Helen Partz
2021-04-15T14:41:10+01:00
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