SWIFT Gives Blockchain Platforms Access to ‘Instant’ GPI Payments Following R3 Trial

SWIFT Gives Blockchain Platforms Access to ‘Instant’ GPI Payments Following R3 Trial

Global interbank messaging giant SWIFT has revealed it will allow blockchain firms to make use of its Global Payments Innovation (GPI) platform for near real-time payments. In a report published late last week, SWIFT said that, following a successful proof-of-concept with R3’s Corda platform, it would “soon be enabling gpi payments on DLT [distributed ledger technology]-based trade platforms.
Crypto App, Debit Card 2Gether Adds Dash to Roster of 9 Tokens

Crypto App, Debit Card 2Gether Adds Dash to Roster of 9 Tokens

2gether, a European payment app allowing users to spend crypto via a Visa debit card, is adding dash to its list of supported coins. Launched in March and available in 19 countries of the European Union, 2Gether now supports nine tokens, including bitcoin, ether, XRP, bitcoin cash, EOS, Stellar, litecoin, QTUM and dash. Users can buy and sell cryptos using an iOS or Android app, as well as pay for goods and withdraw cash in the ATMs against their crypto holdings.
Breez Reveals Lightning-Powered Bitcoin Payments App for iPhone

Breez Reveals Lightning-Powered Bitcoin Payments App for iPhone

Breez, a non-custodial wallet and payment platform, is launching its services for the iPhone. This is the first payment project built on Neutrino, a bitcoin lightning network client, according to the company announcement. Additionally, Breez has resolved the issue of how to dispute purchases and receive refunds, “so it’s suitable for every kind of purchase right down to a cup of coffee or paying back a friend,” said company founder Roy Sheinfeld, in a statement.
Two Startups Are Partnering to Enable Amazon Purchases with Ethereum

Two Startups Are Partnering to Enable Amazon Purchases with Ethereum

Two blockchain-focused startups are teaming up to enable Amazon purchases with ethereum. In a press release published Friday, crypto payments firm CLIC Technology said it is collaborating with blockchain infrastructure provider and B2B platform Opporty to develop an app-like browser extension allowing Amazon customers to pay for items in the ether (ETH) token, even though Amazon itself does not accept cryptocurrencies.
Visa Goes Live With Blockchain-Powered Business Payments Service

Visa Goes Live With Blockchain-Powered Business Payments Service

Visa’s blockchain-powered business-to-business payments service, first made public in October 2016, has officially gone live. As reported by Reuters on Tuesday,  the payments giant has launched its Visa B2B Connect network – a product that was originally developed alongside blockchain startup Chain.
Visa and App Provider LINE Pay to Use Blockchain in New Fintech Offerings

Visa and App Provider LINE Pay to Use Blockchain in New Fintech Offerings

Japanese app provider LINE Pay Corporation has inked a deal with Visa to create new fintech services for their retail and merchant customers. In a joint statement emailed to CoinDesk on Thursday, the two companies said they will collaborate on “innovative financial experiences” in the areas of global payments, transfer platforms and blockchain. The planned blockchain offerings will enable users to use business-to-business (B2B) and cross-border payments, as well as “alternative currency transactions.
SBI Plans Launch of In-Store Payments With Ripple-Powered ‘Money Tap’ App

SBI Plans Launch of In-Store Payments With Ripple-Powered ‘Money Tap’ App

SBI Ripple Asia, a subsidiary of Japanese financial giant SBI Holdings, has launched a “demonstration test” of in-store payments using its Money Tap app before a planned full launch of the new service. The demo trial will see the money transfer app, which uses Ripple’s xCurrent payments product, used for live payments at affiliated merchants and kicks off at a restaurant at SBI Group’s headquarters in Roppongi, Tokyo. The effort is aimed to gauge customer experiences with the app before a public launch “within the year,” the firm said Thursday SBI said that using the app for in-store payments will bring about a “merchant settlement service that combines convenience and security.
Barclays Leads $5.5 Million Round for Blockchain Business Payments Startup

Barclays Leads $5.5 Million Round for Blockchain Business Payments Startup

Barclays Bank has backed a $5.5 million Series A funding round for blockchain-based B2B payments startup Crowdz. The round was jointly led by Barclays and investment firm Bold Capital Partners, Crowdz announced Tuesday, with TFX Capital Partners, Techstars Ventures and First Derivatives also participating. The investment will go toward product development, marketing and sales, as well as team hiring, according to the firm.
Coinbase Now Lets Merchants Accept Payments in the USDC Stablecoin

Coinbase Now Lets Merchants Accept Payments in the USDC Stablecoin

Coinbase Commerce, the cryptocurrency exchange’s merchants payments offering, has added support for the dollar-pegged stablecoin USD Coin (USDC). The development means businesses can now receive payments in USDC from customers “in minutes with zero transaction fees” and no chargebacks, Coinbase announced in a blog post on Monday. “Unlike accepting credit card payments, merchants can accept USD Coin without geographical limitations or the need for a traditional bank account,” the firm said.
You Can Now ‘Spedn’ Bitcoin at GameStop, Barnes & Noble and More

You Can Now ‘Spedn’ Bitcoin at GameStop, Barnes & Noble and More

On Monday, the payment processing startup Flexa announced the release of its new custodial crypto wallet SPEDN, which allows users to spend bitcoin, ethereum, bitcoin cash or GUSD at a variety of brick-and-mortar retailers. Although the merchants receive fiat in the end, the partnership enables new possibilities for people looking to spend crypto as easily as they might use Apple Pay.
Facebook in Talks to Build Ecosystem for Planned Stablecoin: WSJ

Facebook in Talks to Build Ecosystem for Planned Stablecoin: WSJ

Social media giant Facebook is said to be in talks with firms, including Visa and Mastercard, to support and fund its planned fiat-backed cryptocurrency. A Thursday report from The Wall Street Journal, citing “people familiar with the matter,” said that Facebook has been working for over a year now to launch a stablecoin-based payments platform.
Payments Firm Wirex Launching 26 Stablecoins on the Stellar Blockchain

Payments Firm Wirex Launching 26 Stablecoins on the Stellar Blockchain

Payments platform Wirex is launching 26 stablecoins on the Stellar blockchain network. The U.K.-based firm announced the news on Thursday, saying that the stablecoins will be backed by fiat currencies including the U.S. dollar, euro, the British pound, Hong Kong dollar and the Singapore dollar. Wirex, which is licensed by the country’s finance watchdog, the Financial Conduct Authority (FCA), added that the cryptocurrencies can be spent using its own multi-currency Visa card.
Moon Enables Lightning Network Payments on Amazon

Moon Enables Lightning Network Payments on Amazon

Crypto payment startup Moon has announced an online web browser extension that allows crypto users to make purchases on e-commerce sites like Amazon.com with Lightning Network payments, CoinDesk reported. Once the extension has been added to a user’s browser, they will be prompted to register and integrate it with a Lightning-enabled wallet.
You Can Now Shop With Bitcoin on Amazon Using Lightning

You Can Now Shop With Bitcoin on Amazon Using Lightning

Bitcoin spenders can now use the lightning network to shop at e-commerce sites like Amazon. Crypto payment processing startup Moon announced today that any lightning-enabled wallet can now also be used through Moon’s browser extension. Before this lightning feature, roughly 250 beta users already used Moon to spend crypto on e-commerce sites by connecting the browser extension to exchange accounts like Coinbase.
JPMorgan Expanding Blockchain Project With 220 Banks to Include Payments

JPMorgan Expanding Blockchain Project With 220 Banks to Include Payments

Investment banking giant JPMorgan Chase is planning to expand an existing blockchain project to include settlement features as it seeks to fend off competition from payments upstarts such as TransferWise and Ripple. The blockchain-based Interbank Information Network (IIN), set up in partnership with Australia’s ANZ bank and the Royal Bank of Canada back in 2017, currently allows its over 220 banking members to quickly address payments that contain errors or get held up for compliance reasons – problems that can takes weeks to solve with multiple banks being involved across the payments chain.
India’s National Payments Corporation Wants to Build a Blockchain Solution

India’s National Payments Corporation Wants to Build a Blockchain Solution

The National Payments Corporation of India (NPCI) – a bank consortium-owned umbrella organization for retail payments and settlements – is planning to use blockchain technology to boost digital transactions. According to a report in Business Today on Sunday, the NPCI has said it plans to develop a “resilient, real time and highly scalable” blockchain solution using open-source technology.
Japanese Bank Abandons Work With SBI Ripple’s ‘Money Tap’ App

Japanese Bank Abandons Work With SBI Ripple’s ‘Money Tap’ App

Resona, one of the three Japanese banks working with SBI Holdings and Ripple on their cash transfer app Money Tap, is pulling out of the project. The bank – Japan’s fifth largest – announced the decision on Thursday, saying that it would cancel the remittance service provided through the app on May 13. It did not provide any reason for the decision, however.
Coinbase Introduces Debit Card Linked to Cryptocurrency Balances for U.K. Customers

Coinbase Introduces Debit Card Linked to Cryptocurrency Balances for U.K. Customers

Major U.S.-based crypto platform Coinbase has launched the Coinbase Card, a debit card that lets U.K. customers make purchases online and in-store using cryptocurrency. The new card will link the customers' crypto balances held on the Coinbase platform with their debit cards — converting crypto holdings into fiat currencies to complete each transaction. The Coinbase card gives users the ability to make payments via "contactless, Chip and PIN, as well as cash withdrawals from ATMs," an official press release from the exchange states.
‘Crypto Stripe’ Flexa Raises $14 Million So You Can Buy Coffee With Bitcoin

‘Crypto Stripe’ Flexa Raises $14 Million So You Can Buy Coffee With Bitcoin

Consider yourself $14.1 million closer to buying your morning coffee with bitcoin. New York-based payments startup Flexa just raised that amount in a private token sale involving Pantera Capital, 1kx, Nima Capital, Access Ventures and others. The startup’s token, Flexacoin, is an ethereum-based ERC-20 token that will eventually be used by developers and businesses to stake value on Flexa’s network for merchant payment processing.
Facebook Said to Be Seeking $1 Billion in Funding for Crypto Project

Facebook Said to Be Seeking $1 Billion in Funding for Crypto Project

Social media giant Facebook is said to be seeking to raise as much as a billion dollars in outside funding for its cryptocurrency project. Nathaniel Popper, a technology reporter at The New York Times, tweeted Monday that sources have said Facebook is targeting “big sums – as much as $1b” from venture capitalists to support the stablecoin effort. The company would use the funds as collateral to back the token, one person apparently told the journalist.
Study Predicts Bitcoin Could Become Leading Payment System Within Decade

Study Predicts Bitcoin Could Become Leading Payment System Within Decade

A new report by the software firm DataLight predicted that Bitcoin could become the world’s top payment system within the next decade if it maintains its current growth rate. “In just 10 years, Bitcoin has managed to compete with the leaders of the payment system industry,” the report found. “Bitcoin’s development is occurring exponentially.
Zebpay Integrates Bitcoin Lightning Payments on Its Mobile App

Zebpay Integrates Bitcoin Lightning Payments on Its Mobile App

Malta-based cryptocurrency exchange Zebpay now supports Lightning payments. The exchange announced the news via a blog post, where it claims to be the "first major exchange" to enable Lightning payments for its users. Per the report, Zebpay users can now login into their wallet and use their bitcoin balances to make micro-purchases for free.
Alibaba Seeks to Eliminate Middlemen in Blockchain Payments Patent

Alibaba Seeks to Eliminate Middlemen in Blockchain Payments Patent

Chinese e-commerce giant Alibaba has been exploring the use of blockchain technology to speed up international payments, according to a new patent filing. The patent application – “A System and Method That Adjusts Account Balance on a Blockchain” – was filed with the China State Intellectual Property Office in January of this year and was revealed on Friday. Aimed to tackle the broad concept of adjusting account balances over a blockchain, the company explained how the system could be used to facilitate cross-border transactions that specifically involve a third-party payment vendor.
AlipayHK Opens Blockchain Remittance Corridor to the Philippines

AlipayHK Opens Blockchain Remittance Corridor to the Philippines

Ant Financial, the payment affiliate of Chinese e-commerce giant Alibaba, has launched a blockchain-based cross-border settlement service for consumers. According to a local news report, Ant Financial announced the blockchain remittance service at a press conference in Hong Kong on Monday, saying it will initially be rolled out for consumers sending funds between Hong Kong and the Philippines.
Bitcoin Payment Processor OpenNode Gets $1.25M From Investors

Bitcoin Payment Processor OpenNode Gets $1.25M From Investors

Bitcoin payment processor OpenNode has announced a seed investment round of $1.25 million with venture capitalist Tim Draper and early-stage investment firm Draper Associates. According to a published post on its Medium page, the startup revealed that the funds would be used to grow its team and push for the adoption of bitcoin.