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JP Morgan Chase CEO Weighs In On OCC’s Recent Approval Of Banks Using Stablecoins For Payments

Crypto News Point

Jan 18, 2021
2 min

JP Morgan Chase CEO Weighs In On OCC’s Recent Approval Of Banks Using Stablecoins For Payments

Jamie Dimon, the CEO of JP Morgan Chase, along with the CFO Jennifer Piepszak weighed in on the OCC’s recent approval of banks using stablecoins for payments during its Q4 2020 earnings call, as well as whether or not the approval will have any impact on the development of JPM Coin. It has been reported that during the question-and-answer portion of the call, Portales Partners analyst Charles Peabody asked about the approval from the OCC for banks to use public blockchain net

PayPal’s Crypto Trading And Payments Goes LIVE For All Eligible Customers In The US

Crypto News Point

Nov 14, 2020
2 min

PayPal’s Crypto Trading And Payments Goes LIVE For All Eligible Customers In The US

PayPal‘s crypto trading and payments went live for all eligible customers in the United States on November 12 (Thursday). It has been reported that PayPal ended its waitlist for customers looking to use cryptocurrency in the US Trading features a limit of $20,000 per week, which is double the originally announced $10,000. However, PayPal plans to make crypto payments available at 26 million merchants globally. A representative said that PayPal will notify US customers about t

Stax Announces West Coast Aquaculture Group To Conduct Its First IPO, Accepts Virtual Currency As Pa

Crypto News Point

Oct 31, 2020
2 min

Stax Announces West Coast Aquaculture Group To Conduct Its First IPO, Accepts Virtual Currency As Pa

Stax, the Australian crypto-friendly capital-raising platform, has announced that its client West Coast Aquaculture Group (WCA) will be conducting the country’s first initial public offering that accepts a virtual currency as payment. It has been reported that investors participating in WCA’s offering can purchase equity in the company using Tether (USDT) or Australian dollars. USDT was chosen over Bitcoin (BTC) and Ether (ETH) due to its price stability. Kenny Lee, the CEO o

Eftpos Australia To Trial DLT Micropayments Proof-of-Concept Using Hedera

Crypto News Point

Jul 28, 2020
2 min

Eftpos Australia To Trial DLT Micropayments Proof-of-Concept Using Hedera

Eftpos Australia has announced a partnership with (DLT) firm Hedera to conduct a micropayments proof-of-concept using an Australian dollar stablecoin. Eftpos Australia is the country’s leading point-of-sale technology provider. Australian Payment Card Company @eftposAust to Trial Micropayments Using Hedera Hashgraph | NASDAQ https://t.co/Wv4EKMyTfT — eftpos Australia (@eftposAust) July 22, 2020 Eftpos chief executive Stephen Benton says that the collaboration with Hedera is

Alibaba Payments Subsidiary Ant Group Launches AntChain Blockchain Solution

Crypto News Point

Jul 24, 2020
1 min

Alibaba Payments Subsidiary Ant Group Launches AntChain Blockchain Solution

The payments subsidiary of Alibaba, Ant Group has launched a new blockchain solution called AntChain. According to a report AntChain is built on top of Ant Group’s blockchain technology that includes artificial intelligence, the Internet of Things (IoT), secure computation, and other technologies. Alibaba payments arm Ant launches new technology brand to help speed up digital transformation of traditional industries https://t.co/FoTWDbHJbH — SCMP News (@SCMPNews) July 23, 20

5 Topmost Spanish Banks Completes Proof-Of-Concept For Smart Contract Payments

Crypto News Point

Jul 18, 2020
2 min

5 Topmost Spanish Banks Completes Proof-Of-Concept For Smart Contract Payments

Multinational bank Banco Santander along with four Spanish banks have successfully deployed a proof-of-concept for payment services using smart contracts. The company currently overseeing the Spanish Payment System, IberPay coordinated the proof-of-concept. Iberpay Finaliza con éxito la prueba de concepto de los principales bancos españoles para habilitar transferencias inmediatas programables en redes blockchainhttps://t.co/FMQLmOiKUy pic.twitter.com/GLOEe3ZpYN — 7★ Digita

Strike App To Allow Users Send And Receive Bitcoin And Lightning Network Payments Directly To A Bank

Crypto News Point

Jul 7, 2020
2 min

Strike App To Allow Users Send And Receive Bitcoin And Lightning Network Payments Directly To A Bank

Jack Mallers, the Developer of the Zap Lightning Wallet, has announced that a new app “Strike” for iPhone, Android, and Chrome, to allow users to send and receive Bitcoin (BTC) and Lightning Network payments directly from and to a bank account. It has been reported that the app has now entered the public beta phase, enables interaction with the Bitcoin and Lightning protocols with no wallet, seed, channels, liquidity, or white papers, while Know Your Customer (KYC) protocols

Crypto Holders In Austria Will Be Able To Spend Their Coins At More Than 2,500 Points

Crypto News Point

Jul 4, 2020
1 min

Crypto Holders In Austria Will Be Able To Spend Their Coins At More Than 2,500 Points

Crypto holders in Austria will soon be able to spend their coins at more than 2,500 points of acceptance using A1 Payment. A1 Payment is one of the largest mobile network operators in Austria. On July 2 fintech firm Salamantex announced that its Crypto Payment Service Software is now integrated into the A1 Payment platform. #MASSADOPTION 🚀 Owners of #Bitcoin, #Dash & Co can be excited. From this summer on, they can spend their coins at points of acceptance using #A1Payment

SIA and Quant Network Successfully Test Cross-Blockchain Interoperability

Crypto News Point

Jun 29, 2020
1 min

SIA and Quant Network Successfully Test Cross-Blockchain Interoperability

SIA, a European payment services business, and U.K.-based technology company Quant Network has successfully tested cross-blockchain interoperability between different protocols. On June 5, SIA and Quant Network first announced their partnership to work on cross-platform applications and services for banks and financial institutions. .@quant_network and SIA successfully tested #blockchain #interoperability. Breakthrough achieved by integrating Quant Network’s #Overledger techn

New Service From Bitcoin.com Lets Users Send Bitcoin Cash Via Email

Crypto News Point

Jun 27, 2020
1 min

New Service From Bitcoin.com Lets Users Send Bitcoin Cash Via Email

Bitcoin.com has introduced a new service that allows users to send any amount of Bitcoin Cash (BCH) via email. Bitcoin.com founder Roger Ver says that in his opinion, the service is unique in the sense that higher fees make similar Bitcoin (BTC) services unrealistic. #BitcoinCash has PayPal except for: 1. No registration 2. No identity requirements 3. No transaction limits 4. No charge backs 5. No geographic boundries 6. No feeshttps://t.co/pAT0wemPEk — Roger Ver (@rogerkver)

Bitbns, Ripple, Brave, Blockchain.com, GoPay, Huobi And 40 Others Join Open Payments Coalition &#821

Crypto News Point

Jun 20, 2020
3 min

Bitbns, Ripple, Brave, Blockchain.com, GoPay, Huobi And 40 Others Join Open Payments Coalition &#821

More than 40 companies including the leading Indian cryptocurrency exchange, Bitbns, GoPay, Ripple, Blockchain.com, Brave and Huobi have joined forces to form the Open Payments Coalition and launch universal payments network, PayID. PayID is a simple, web-based protocol designed to make it as easy to send someone money as it is to send them an email. The new payment process will allow users to send or receive money anywhere in the world across any payment network in real tim

Shopify Integrates Crypto Payment Processor CoinPayments

Crypto News Point

May 21, 2020
1 min

Shopify Integrates Crypto Payment Processor CoinPayments

Crypto payment processor CoinPayments partners with Canadian e-commerce giant Shopify for digital asset payment compatibility. On May 20 a press release stated that Shopify sellers can now harness CoinPayments’ digital asset payment processing platform, paving the way for sellers to accept 1,800 different cryptocurrencies as payment. CoinPayments is proud to announce a successful integration to world-leading #ecommerce platform @Shopify The collaboration will bring crypto

Aeternity Blockchain Launches New P2P Crypto Tipping Platform For Content Creators

Crypto News Point

May 21, 2020
2 min

Aeternity Blockchain Launches New P2P Crypto Tipping Platform For Content Creators

Blockchain firm Aeternity launched its social monetization tool “Superhero” on May 20. The platform is described as “the first decentralized peer-to-peer instant payment tool for digital goods or social content.” In addition to Firefox and Chrome, the extension is supported by the crypto-friendly internet browsers Brave and Opera. Its DApp is also available on mobile for iOS and Android. æternity founder Yanislav Malahov speaks about “Future of Decentralized Social Digital In

Coil Creators Can Now Use Uphold Wallets, Receiving Payments Over 50 Currencies

Crypto News Point

May 20, 2020
2 min

Coil Creators Can Now Use Uphold Wallets, Receiving Payments Over 50 Currencies

Digital payment platform Uphold has announced a partnership allowing Coil creators to be able to select the platform as their wallet provider to receive payments in over 50 currencies. Coil provides alternative methods for content producers to monetize their work online. Uphold is now an official wallet provider for @Coil. Our @Interledger integration means #CoilCreators can connect their #Uphold account, earn real-time payments for great content and easily access 50+ #crypto

China’s Hainan Province To Pilot On Cross-Border Payments Via Blockchain

Crypto News Point

May 10, 2020
1 min

China’s Hainan Province To Pilot On Cross-Border Payments Via Blockchain

Chinese province, Hainan, joins the blockchain ecosystem with the announcement of a pilot program of a cross-border financial services platform. According to Hainan Daily, the central government approved the initiative, allowing banks to provide loans to companies that look to export their products abroad. The measure seeks to reduce the bureaucracy of customs procedures while reducing the number of loan applications through regular channels. Initially, the pilot program will

World’s First Digital Asset Bank Sygnum Adds Ripple’s XRP Tokens On Its Banking Platform

Crypto News Point

May 1, 2020
2 min

World’s First Digital Asset Bank Sygnum Adds Ripple’s XRP Tokens On Its Banking Platform

Sygnum Bank, the world’s first digital asset bank announced that Ripple’s XRP tokens are now available through its banking services platform. On April 30 Sygnum Bank announced that users can access deposit, exchange, and credit services using the popular digital currency. The bank will now allow the third most capitalized digital token behind Bitcoin (BTC) and Ethereum (ETH) to be used by clients seeking to diversify their direct investments in digital tokens, in conjunction

Stablecoin vs e-money: Are They The Same Thing?

Crypto News Point

Feb 3, 2020
3 min

Stablecoin vs e-money: Are They The Same Thing?

The world is currently witnessing the fourth industrial revolution or Industry 4.0. Meanwhile, the debate on stablecoin vs e-money is growing as the dynamics of industries “is characterized by a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries, and even challenging ideas about what it means to be human”. Market players are now turning to crypto-assets and the underlying blockchain techno

Blockchain Technology In Banking & Finance: Boon Or Bane?

Crypto News Point

Jan 24, 2020
4 min

Blockchain Technology In Banking & Finance: Boon Or Bane?

Blockchain technology in banking and finance is transforming the dynamics of payment systems from tracking transaction history to the whole process of how money is being transferred. The question lies here can the traditional financial sector embrace the revolutionizing technology or be replaced by it? Blockchain technology is already disrupting the currency market while the banking sector is starting to get the heat of it. The technology behind blockchain features trustlessn

Lightnet Raises $31M To Boost Cross-Border Payments In Southeast Asia

Crypto News Point

Jan 11, 2020
1 min

Lightnet Raises $31M To Boost Cross-Border Payments In Southeast Asia

Thailand based blockchain startup Lightnet has raised $31.2 million to boost cross-border payments in Southeast Asian countries. On Jan. 10 Business Insider Malaysia reported that the firm completed a Series A funding round led by major financial conglomerates in the region: Singaporean United Overseas Bank (UOB) South Korea’s Hanwha Investment & Securities Plans To Replace Payment Systems Like SWIFT The report notes that Lightnet plans to replace established payment systems

Russia’s Central Bank To Support Ban on Crypto Payments

Crypto News Point

Dec 2, 2019
1 min

Russia’s Central Bank To Support Ban on Crypto Payments

The Central Bank of Russia has backed on a potential ban to support cryptocurrency payments. On Nov. 29, Russia’s state-operated news agency, RIA reported that Russia’s central bank has the view that “private cryptocurrencies cannot be equated with fiat money and cannot be legal tender.” An official of the central bank added: “If it is decided to ban cryptocurrencies as a means of payment at the legislative level, we consider it appropriate to support this position.” Russia J

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