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.
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, 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 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’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.
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 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 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 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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...