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
Mainstream investors apparently liked the company's turn toward crypto.
Wall St drives PayPal to all time high on Bitcoin news
Benjamin Pirus
2020-10-21T21:39:06+01:00
11234
Market Update
The long-awaited “flippening” of fiat at PayPal will begin next year, as Bitcoin price action offers almost 5% daily gains.
Bitcoin breaks above $12.3K after PayPal says Venmo will become a BTC wallet
William Suberg
2020-10-21T13:34:19+01:00
38263
News
Important questions about CBDCs remain unanswered for the Kiwis' central bank.
New Zealand has no imminent plans to issue CBDC, says central bank exec
Helen Partz
2020-10-20T14:25:30+01:00
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News
The U.S. already has a “safe and active dynamic domestic payment system,” Powell argued.
Better to get it right than to be first with CBDC, says US Fed chair
Helen Partz
2020-10-19T15:08:27+01:00
11234
News
A StakeHound collaboration allows Dash holders to earn masternode staking rewards and access DeFi services at the same time.
Payments-focused cryptocurrency Dash now has a bridge to DeFi
Jack Martin
2020-10-19T13:50:00+01:00
7293
News
Some winners purchased additional digital yuan during the pilot.
95% of winners in China’s CBDC lottery spent digital yuan prizes
Helen Partz
2020-10-19T09:16:16+01:00
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News
The Bahamas’ digital currency is currently used domestically.
The Bahamas central bank wants to make its digital ‘Sand Dollar’ global
Helen Partz
2020-10-15T14:34:30+01:00
3617
News
People will be able to “bank themselves” with crypto.
Bankless society ‘inevitable’ due to crypto, says Morgan Creek CEO
Helen Partz
2020-10-15T13:48:06+01:00
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