‘Big 4’ Auditor PwC’s Luxembourg Office to Accept Crypto Payments

‘Big 4’ Auditor PwC’s Luxembourg Office to Accept Crypto Payments

“Big Four” auditing firm PwC’s Luxembourg branch will accept cryptocurrency payments from clients starting next month. The move, announced Monday, is a response to client demand and demonstrates PwC Luxembourg’s belief in blockchain technology’s “medium to long-term” role in the economy, the firm said. PwC Luxembourg said it partnered with a local exchange to facilitate the payments.
$100K Crypto Donation to Amazon Rainforest Charity Blocked By BitPay

$100K Crypto Donation to Amazon Rainforest Charity Blocked By BitPay

A large donation to a non-profit working to protect the Amazon rainforest and the environment has been blocked by compliance rules at crypto payments firm BitPay. The charity, Amazon Watch, took to Twitter on Friday to appeal to BitPay to let the $100,000 payment through. @BitPay @BitPaySupport a donor, no doubt upset about horrific #AmazonFires tried to donate $100,000 to our account today and it was rejected as too high.
New Flexa Tech Will Let You Spend Bitcoin From Other Apps Too

New Flexa Tech Will Let You Spend Bitcoin From Other Apps Too

The merchant payments startup Flexa will soon allow any other app to run payments in crypto just like its own SPEDN app has since May. Staking with the company’s Flexacoin (FXC) will enable apps to trustlessly provide payments to merchants without any danger of malicious apps reversing a transaction after Flexa has transferred funds.
South Korea’s Woori Financial Teams up with Kakao’s Crypto Payments Group

South Korea’s Woori Financial Teams up with Kakao’s Crypto Payments Group

Woori Financial Group, one of South Korea’s largest banking companies, has agreed to work with Ground X in developing blockchain financial services. Group Chairman Chairman Son Tae-seung made the announcement on the 21st at the company’s headquarters in central Seoul, some reports said. Further detail appeared in Shin-A Ilbo, CoinDesk Korea, and other publications.
Terra Signs Music Streaming Platform to Crypto Payments Alliance

Terra Signs Music Streaming Platform to Crypto Payments Alliance

Terra has added another partner to its payment provider alliance. The Singapore-based, South Korean-focused blockchain provider and stable coin issuer has agreed to work with Bugs, a South Korean music streaming service. Bugs is the latest addition to the Terra Alliance, a group of ecommerce companies for which Terra provides payment services.
UK’s Pensions and Welfare Department Eyes DLT for Faster Payments

UK’s Pensions and Welfare Department Eyes DLT for Faster Payments

To keep up with the changing face of payments, the U.K.’s pensions and welfare division of government, the Department for Work and Pensions (DWP), says it is investigating distributed ledger technology. In a blog post published late last week, Richard Laycock deputy director at the DWP’s Digital Delivery Shared Platforms, said that improvements are planned across the DWP payments systems to ensure its 20 million customers “receive their payments on time.
No Humans Required: Commerzbank Develops Blockchain Payments for Automated Trucks

No Humans Required: Commerzbank Develops Blockchain Payments for Automated Trucks

Commerzbank has developed a blockchain-based solution for machine-to-machine payments that it says could be used to allow automated trucks to pay for power charging without the need for a human to get out their wallet. Calling it a “concrete pilot project,” the German bank worked together with its incubator research and development unit and Daimler Trucks on the system that it said “deals with fully automated payment processing of charges between a tank charging station for electricity and a lorry system.
SpankChain Launches Crypto Payments Service for Adult Content Providers

SpankChain Launches Crypto Payments Service for Adult Content Providers

Adult industry-oriented blockchain project SpankChain has launched a cryptocurrency payments platform. Dedicated to helping adult content providers maintain a reliable payments provider in the face of a largely reluctant traditional finance industry, the new SpankPay service allows users to pay with cryptocurrencies including bitcoin (BTC), ether (ETH) and litecoin (LTC), as well as the “privacy coins” zcash (ZEC) and monero (XMR). “With SpankPay, we are bringing immediate value to adult merchants by helping them accept crypto, avoid chargebacks, and reach a global audience,” said Ameen Soleimani, CEO of SpankChain.
Samsung’s Galaxy S10 Adds Wallet App from Blockchain Phone Rival Pundi X

Samsung’s Galaxy S10 Adds Wallet App from Blockchain Phone Rival Pundi X

Rival manufacturers of blockchain smartphones, Samsung and Pundi X, appear to see the benefits of working together on crypto adoption. Announced by Pundi X in a blog post on Monday, the firms have entered a symbiotic relationship regarding their wallet tech, with Pundi X integrating with Samsung’s Blockchain Wallet and making its XWallet available to the Galaxy S10 phone’s blockchain app options.
Norwegian Air to Accept Bitcoin Through Exchange Set up By Founder

Norwegian Air to Accept Bitcoin Through Exchange Set up By Founder

Norwegian business magnate Bjørn Kjos and his family have reportedly set up a cryptocurrency exchange and plan to introduce bitcoin payments at their airline, Norwegian Air Shuttle. As reported by local business newspaper Dagens Naeringsliv (DN) on Tuesday, the new exchange is dubbed Norwegian Block Exchange (NBX) and is slated to launch in August.
Tech Retailer Newegg Expands Bitcoin Payments to Another 73 Nations

Tech Retailer Newegg Expands Bitcoin Payments to Another 73 Nations

Online electronics and software retail giant Newegg has expanded its bitcoin payments option to a host of new countries. In an announcement on Wednesday, the U.S.-based firm said it will accept bitcoin in 73 additional of its country-specific stores. The news means that the cryptocurrency can be used to pay for purchases in nearly all of its 80 served nations. The firm first started offering bitcoin payments back in July 2014, soon after expanding the option to Canada.
Crypto Companies Offer Deals to Amazon Prime Day Shoppers

Crypto Companies Offer Deals to Amazon Prime Day Shoppers

As Amazon offers deep discounts this Prime Day, a few crypto companies are also rewarding their users through special deals during the two-day eCommerce extravaganza. Fold, a payments platform that recently introduced a lightning network protocol, is offering a $5 Amazon gift card for clients that spend over $50 through its platform.
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.