EBay, one of the world’s largest e-commerce platforms, is considering making the leap into cryptocurrency payments, according to a high-ranking company executive.
PricewaterhouseCoopers (PWC), one of the world’s largest accounting firms, has accepted its first ever bitcoin payment for its advisory services.
An ever-growing embrace of cryptocurrencies and blockchain technology among its clients has seen PwC accept bitcoin as a payment in Hong Kong. According to a Wall Street Journal report, PwC in Hong Kong revealed it is working with a number of startups involved in bitcoin and the wider cryptocurrency industry, prompting the firm to accept the world’s most widely-known cryptocurrency.
The global shipping industry could see substantial benefits in using bitcoin as a Ukrainian shipper negotiates its first bitcoin transaction.
Varamar Ltd., a shipping company based in Odessa, a port city in southern Ukraine, will be among the first shipping operators to accept payments in bitcoin. According to Bloomberg, the shipper is currently negotiating its first transaction in bitcoin with a client and will accept the cryptocurrency going forward.
Manhattan’s real estate market is embracing bitcoin for property payments as the digital currency increases in value.
One property developer who is hoping to capitalise on the recent digital currency boom is Ben Shaoul, of Magnum Real Estate Group.
Speaking to The Express, Shaoul said:
We were approached by a buyer who has been collecting bitcoin for many years and was interested in using it to buy property.
Eric Fernandez, owner of Sol/Mar Real Estate, recently listed a $3.5 million penthouse condo at the Blue Diamond in Miami Beach, Fla. saying the owners would accept payment in bitcoin or Ethereum, according to the Miami New Times.
Fernandez believes it is only a matter of time before bitcoin acceptance for real estate purchases gains popularity.
Since cryptocurrency relies on the Internet, cryptocurrency users have an interest in supporting a free and secure Internet. Internet Archive, a non-profit created to build an Internet library, gives cryptocurrency users a way to protect their holdings by donating to the organization.
As a non-profit created to build an Internet library that offers permanent access to historical collections in digital format, Internet Archive has announced that it is now accepting donations in Bitcoin Cash and Zcash, in addition to bitcoin, which it has been accepting since 2012, according to the organization’s blog.
When hurricane Irma struck, it left a path of chaos and destruction in its wake stretching from Antigua and Barbuda to Saint Martin, Anguilla, Turks and Caicos, the Bahamas, Cuba, and the United States. The storm, which lasted from August 31 to September 11, stretched across 650 miles and affected at least nine US states. Streets were turned into gurgling rivers, houses and vehicles submerged, power lines and trees snapped like twigs and over a hundred lives lost.
A 49-year-old man has decided to put his house up for sale for £80,000; however, he’s willing to accept bitcoin for it too.
Sean Atkinson from Grimsby, a major seaport on the east coast of England, said that he is willing to sell his three-bedroom house for £80,000 or £100 ‘plus bitcoins,’ reports The Telegraph.
Bitcoin has been enjoying an unprecedented rise in recent weeks.
Ease of payment, low fees, and speed of transactions are some of the reasons why a preschool in New York City has opted for tuition payments in Bitcoin.
Co-founded and chaired by Marco Ciocca, Montessori Schools is an early childhood education program built upon the classical methods of Maria Montessori. After following the growth cryptocurrency industry over the years, the school decided to start accepting Bitcoin and Ethereum in May, eschewing the traditional credit card payment system due to the ease of payment, low fees, and security that cryptocurrencies offer.
A new French restaurant in New York City is taking things one step further to give diners a unique experience: it’s letting them pay in bitcoin.
La Sirène, which opened on Friday, is located on Upper West Side, and proclaims to be an authentic French bistro. This is the second La Sirène restaurant in New York. The first is located downtown in Lower Manhattan.
According to the West Side Rag blog, though, while the restaurant accepts bitcoin, cash, cheque, and American Express, it doesn’t take Visa or Mastercard.
The Iranian government is reportedly laying the infrastructure for bitcoin users in a move that could see the cryptocurrency gain status as legal tender in the country.
In an interview published in Farsi newspaper Shargh in late October, Iran’s Minister of Information and Communication Technology (ICT) Amir Hossein Davaee revealed a concentrated effort by the ICT ministry to prepare the country for adopting bitcoin as a currency.
As quoted by the Iran Front Page in translated statements, the ICT minister stated:
The ministry of communications and information technology has already conducted a number of research studies as part of efforts to prepare the infrastructure to use Bitcoin inside the country.
In a 1999 interview, Professor Milton Friedman, an American economist who received the 1976 Nobel Memorial Prize in economic sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy, said the Internet would be a major force for reducing the role of government.
The one thing that was missing but would soon be developed, said Friedman, was a reliable e-cash. Nearly 10 years after the introduction of bitcoin, the cryptocurrency continues to gain acceptance as a form of payment.
According to online records, e-commerce giant Amazon, often seen as the “white whale of bitcoin payments, recently registered three cryptocurrency-related domain names: “amazoncryptocurrency.com,” “amazoncryptocurrencies.com,” and “amazonethereum.com.” The move was first reported by domain industry news website DomainNameWire.
FPT, a private Vietnamese university is planning to accept tuition fees in bitcoin with a workaround of the central bank’s ban on using cryptocurrencies as payment instruments.
FPT University is a private academic institution with campuses in Ho Chi Minh City, Hanoi and Da Nang, Vietnam’s three major cities. The university will soon begin accepting bitcoin for tuition payments from foreign students, according to FPT University President Dr. Le Truong Tung who shared the announcement on his Facebook page.
According to the Miami New Times, an early bitcoin investor and a firm believer in the new economy, Mike Komaransky, recently decided to put his seven-bedroom, 9,452 square-foot mansion near Coral Gables for sale. It has a chef’s kitchen, a summer kitchen, a basketball court and a pool.
Buyers wishing to purchase a Notting Hill mansion that will go on the market for £17 million will need to pay in bitcoin, which is believed to be a first for London, according to the Evening Standard. The six-storey stucco-fronted home is near Portobello Road.
Indian P2P car and bike sharing platform Drivezy is accepting bitcoin as a method of payment and has announced an ICO for a P2P sharing marketplace after raising $10 million in funding.
Drivezy, a Y-Combinator-backed startup formerly known as JustRide, has just raised $10 million in a part-equity and part-debt round of fundraising. The platform has also begun accepting bitcoin for payments to capitalize on the growing popularity of the cryptocurrency in the country.
The $10 fundraising round sees $5 million in equity investments from Japanese and American investors including Das Capital, IT Farm and Axan Partners.
A rumor has been circulating that claims Amazon will decide to accept bitcoin within the near future, potentially as early as October. Unfortunately, this rumor is based on a misleading blog post and is almost certainly false.
The Rumor: Amazon Will Accept Bitcoin
The report, which was first published by conservative news blog Squawker Media, cites a newsletter purportedly written by entrepreneur and stock researcher James Altucher.
Lawyers in Nebraska have been given the green light to accept bitcoin payments, according to a Nebraska ethics advisory committee.
Established by the state’s supreme court, the Lawyer’s Advisory Committee issued their opinion earlier this month. It is the first time that a state ethics body has considered the role of digital currencies for payments.
The opinion reads:
An attorney may receive and accept digital currencies such as bitcoin as payment for legal services.