News
The economic historian said that President-elect Biden’s administration should consider Bitcoin as an alternative to a “Chinese-style digital dollar.”
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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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Fast food chains like Burger King and Church's Chicken already accept crypto payments in the South American nation.
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The user’s funds are reportedly under a 180-day hold.
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The launch of Stellar’s new protocol was received positively by the crypto market, coinciding in a 100% price rise for XLM across the last 48 hours.
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The MFSA is finally issuing the first licenses formed under the crypto laws introduced in 2018.
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The paper also put forward CBDCs as solutions to high transaction fees and the energy use of mining cryptocurrencies like Bitcoin.
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The Switzerland-based branch of a major Russian bank has also joined OpenVASP.
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A major music festival in Thailand is adopting blockchain for safer, smoother payments.
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Regulatory compliance is crucial for firms hoping to drive mainstream crypto adoption no matter which part of the world they operate in.
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BitPay beat Pinterest by several ranks on Deloitte's prestigious list.
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Fidelity Digital Assets has published its response to commonplace criticisms of Bitcoin.
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BIS Innovation Hub head Benoît Cœuré stressed the importance of maintaining multiple payment options beyond just CBDCs.
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BitPay Send allows businesses to issue mass crypto payments around the world without having to hold any crypto themselves.
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Customers will be able to trade up to $20,000 a week, rather than the originally announced $10,000.
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Deutsche Bank has called on Europe to accelerate the development of central bank digital currencies.
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