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
Binance’s debit card process makes it a more of a centralized bank-like institution than the decentralized tech dreamed by Bitcoin’s creator.
Why Binance’s New Debit Card Fails to Fulfill Satoshi’s Vision
Joshua Tate
2020-08-10T14:17:00+01:00
8100
Opinion
It is high time for traditional financial institutions to see that the crypto industry has matured enough and does not possess high risks.
Cryptocurrency Cards: An Unnecessary Solution That Should Be Stopped
Alex Axelrod
2020-08-09T00:30:00+01:00
6097
News
Travala.com now offers a total of 3 million accommodation options users can book with cryptocurrency.
Travala Adds 1 Million More Holiday Homes You Can Book With Crypto
Joshua Mapperson
2020-08-06T05:50:00+01:00
2865
News
Coinbase Wallet now allows to register and store “.crypto” domains, featuring payments through domain handles instead of cryptographic addresses.
Coinbase Follows Huobi in Supporting .Crypto Domains-Based Payments
Helen Partz
2020-08-05T14:00:00+01:00
7817
News
China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector.
China’s Digital Yuan to Reportedly Target Dominance of Alibaba and Tencent
Mohammad Musharraf
2020-08-04T11:13:00+01:00
10096
News
Lawmakers contend that the Russian government’s intent is to curb illicit financial activity.
Russian Government Bans Anonymous Wallet Deposits
Michael Kapilkov
2020-08-03T22:25:00+01:00
10173
News
Travala is expanding its crypto-powered offerings thanks to a new partnership.
Travala Adds 600,000+ Hotels to Their Crypto Booking Platform
Adrian Zmudzinski
2020-08-03T17:09:00+01:00
3794
News
A number of crypto businesses and non-profits have written to the main banking regulator in the U.S. asking for banks to have more authorization to deal with cr...
Industry Calls on US Regulator to Open Floodgates on Banks’ Crypto Capabilities
Kollen Post
2020-08-03T16:58:00+01:00
4897

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