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.
BTCPayServer Expands Lightning Operability, Integrates Spark Wallet

BTCPayServer Expands Lightning Operability, Integrates Spark Wallet

Decentralized payment processor BTCPayServer now offers wallet support for c-lightning users. Following its most recent update, the BitPay alternative announced support for Spark Wallet, a client for the Lightning Network's c-lightning implementation created by Bitrated founder and Blockstream employee Nadav Ivgi. With the implementation into BTCPayServer’s dock, users can now receive c-lightning payments in a Spark Wallet that is connected to their BTCPayServer.
This New Lightning Wallet Allows You to Receive Tips Without Running a Node

This New Lightning Wallet Allows You to Receive Tips Without Running a Node

A new program to set up Lightning Network micropayments, tippin.me, has recently entered beta testing. The developer for this project described some of its details on a Reddit thread to the r/Bitcoin subreddit. The dev says that it “allows you to receive tips (micro-payments) over the Lightning Network, anytime, anywhere, without needing a LN node,” by means of “a simple web custodial wallet.
R3 Announces Global Payment App With XRP as Base Currency

R3 Announces Global Payment App With XRP as Base Currency

R3 has unveiled a new app on their international blockchain, a global payment platform that uses Ripple’s XRP as its initial base currency. The app, dubbed Corda Settler, continues R3’s track record for pursuing  ambitious blockchain projects, and it is allegedly “purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world’s payment systems, both traditional and blockchain-based.
Bitfury Is Implementing Lightning Into Crypto Payment Platform Paytomat

Bitfury Is Implementing Lightning Into Crypto Payment Platform Paytomat

The Bitfury Group has recently announced a partnership with crypto payment processing system Paytomat, working to bring the Lightning Network to Paytomat’s participating merchants. According to a recent Medium post made by LightningPeach, “Bitfury’s in-house specialized Lightning Network engineering team,” the Bitfury Group is pouring its resources into Paytomat’s wallet and vendor system, enabling “users and merchants on the Paytomat system to send and receive bitcoin payments over the Lightning Network almost instantly.
EU Workers Now Have the Option to Take Their Pay in a Euro Stablecoin

EU Workers Now Have the Option to Take Their Pay in a Euro Stablecoin

Blockchain Payroll Platform WorkChain.io has partnered with tokenization platform STASIS to enable euro-backed crypto paychecks for its European Union (EU) users with the EURS stablecoin.  EURS becomes the second stablecoin selected for use on the WorkChain.
Ohio Gives Green Light to Paying Taxes With Bitcoin

Ohio Gives Green Light to Paying Taxes With Bitcoin

Ohio is now setting up an official website to allow businesses to pay taxes with bitcoin. According to a recent article published by the Wall Street Journal (WSJ), the state of Ohio seems to have given tacit acceptance to bitcoin by allowing businesses, although not individuals, to pay all manner of taxes with the cryptocurrency.
BitPay Integrates PAX Stablecoin Into Cryptocurrency Payment Platform

BitPay Integrates PAX Stablecoin Into Cryptocurrency Payment Platform

Bitcoin payment platform BitPay is now going to allow payments with the Paxos Standard token (PAX), which it calls “the fastest growing stablecoin and the highest trading volume of any U.S. dollar-backed stablecoin.” Although BitPay has previously integrated a number of different cryptocurrencies in its platform, such a widely trafficked stablecoin (the first of its kind to see support from the payment platform) holds certain distinct advantages, namely regulatory compliance and a stable value.
Price Dip Aside, Paxful Anticipates Big Week of Gift Card-to-Bitcoin Trades

Price Dip Aside, Paxful Anticipates Big Week of Gift Card-to-Bitcoin Trades

That special time of year is coming up — the time when individuals trade in their unwanted or unusable gift cards for bitcoin. And with the price of bitcoin dropping, peer-to-peer (P2P) bitcoin marketplace Paxful is making it possible to use these gift cards to “buy the dip.” Ray Youssef, Paxful’s CEO and co-founder, explained that, over the past few years, the busiest week for Paxful is the one right after Black Friday; in fact, as time has gone by, the rate of exchange between gift cards and bitcoin has gotten higher and higher.
Bakkt Delays Platform Launch; Announces January as Tentative Roll Out Date

Bakkt Delays Platform Launch; Announces January as Tentative Roll Out Date

Bakkt, an upcoming crypto retail payment system and futures platform, is delaying its launch to better ensure the platform’s success at release. On November 20, 2018, the CEO of Bakkt released an update on Medium, outlining the future business plans for the company, describing some of the progress in implementing new features and declaring that the company’s initial launch is being postponed until January 24, 2019.