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Blockchain Life 2021

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Bitcoin holders barred from depositing profits in UK banks

Crypto Holders in the UK Cannot Deposit Profits in Banks

January 10, 2021 by Wayne Jones at Bitcoin

For the past few months, Bitcoin has been rallying to all-time highs, but anyone who wants to take profits might struggle to cash into banks. It is because some banks are refusing transfers from bitcoin exchanges. HSBC, one of the world's largest banks, does not process cryptocurrency payments and does...

Paypal’s Move to Crypto Might Is not What it Seems, Here’s the ‘Catch’

PayPal to Develop Robust Digital Wallet in 2021, Witnesses Surge in Crypto Demand

November 4, 2020 by Anthonia Isichei at Bitcoin

Following its recent adoption of cryptocurrency, PayPal recently gave details of its crypto and digital wallet plans for 2021, while also stating that central bank digital currencies (CBDCs) may take time, but they are here to stay. PayPal Sees Rise in Crypto Demand According to Fortune on Tuesday (November 3, 2020)...

PayPal Has Filed a Patent for a Cryptocurrency Transaction System

Bitcoin Sets New 2020 High as PayPal Announces Crypto Adoption

October 21, 2020 by Anthonia Isichei at Bitcoin

The Bitcoin (BTC) price is making a move towards the $13,000 price mark buoyed by the news of PayPal allowing crypto transactions on its platform. Bitcoin had been trading in a tight-range at the $11,540 region as downward pressure from multiple sell walls at $12,000 preventing the top-ranked crypto from...

bitcoin being exchanged between two people

Can Payment Services Drive the ‘Fourth Industrial Revolution’ in Crypto?

September 2, 2020 by Aisshwarya Tiwari at Altcoins, Opinion

The legislative body of the European Union is concluding the proposal for the region’s first cryptocurrency and digital finance framework. With tokenized securities, payment solutions, and DeFi on the rise, this grants industry businesses opportunities to leverage their legitimacy and open their doors to the broader consumer market. Skepticism remains...

Switzerland’s top online retailer completes transaction with digital franc

Sygnum Stablecoin Used for Payment Transaction on Swiss Giant Online Retail Platform

August 28, 2020 by Anthonia Isichei at Regulation

Switzerland crypto-friendly bank Sygnum in conjunction with cryptocurrency platform Coinify and Galaxus, Switzerland’s largest online successfully completed an e-commerce transaction using Sygnum’s stablecoin. First e-Commerce Transaction Using Stablecoin Sygnum announced the news of the transaction via a press release on Thursday (August 27, 2020). According to the post, the e-commerce...

Austrian Telecoms Giant Enables Crypto Payment Support

Austrian Telecom Giant Enables Bitcoin Payment Support

July 28, 2020 by Anthonia Isichei at Bitcoin

Customers of A1 Telekom subsidiary will now be able to make crypto payments based on a recent collaboration with the Austrian crypto payments processor, Salamantex. Bitcoin and Other Cryptocurrencies Accepted on A1 Payment The company made the announcement via a press release on Monday (July 27, 2020). According to the...

Twitch Doubles Down on Crypto, Gives Subscribers 10% Discount

Streaming Service Twitch Offers Discount for Crypto Subscribers

July 27, 2020 by Osato Avan-Nomayo at Bitcoin

More than a year after disabling crypto payments, Twitch is back on the cryptocurrency bandwagon with discounted subscription plans for customers who pay using virtual currencies. As more service platforms integrate with exchanges and other payment gateways, crypto token payments may take-off leading to the desired broad-based retail adoption of...

Washington DC Bar Association Greenlights Crypto for Payment of Legal Fees

July 1, 2020 by Osato Avan-Nomayo at Regulation

The Washington D.C. Bar Association has released an ethics opinion to its members indicating that payment of legal fees using cryptocurrencies will be accepted. Using cryptos as a payment method for legal fees has been okayed by the bar association as long as professionals charge fair fees and consider market...

Japan on the Verge of Legalizing Initial Coin Offerings (ICOs)

Japanese Banks Exploring Digital Currency Payments Interoperability

June 4, 2020 by Anthonia Isichei at Regulation

Major banking giants in Japan together crypto exchange platform DeCurret have formed a working group to explore digital currency payments interoperability. Meanwhile, regulators in the country are warning investment advisors to fulfill the necessary licensing requirements before offering their services. Japanese Banks Ponder Digital Settlements Infrastructure According to Reuters on...

CoinMarketCap Finally Releases an Official Mobile App

CoinMarketCap Taps Gilded for Automated Crypto Invoicing Solution

April 23, 2020 by Anthonia Isichei at Bitcoin

CoinMarketCap (CMC), a top cryptocurrency data platform, collaborated with Gilded, a finance network headquartered in New Orleans, to offer automated invoices along with crypto and traditional payment options for clients. Automated Crypto Invoicing for CMC Clients According to a press release on Markets Insider on Thursday (April 23, 2020), CoinMarketCap...

Censorship-resistant Crypto to the Rescue as PayPal Ditches PornHub

Pornhub Announces Tether Payment Option For Adult Entertainers

January 23, 2020 by Osato Avan-Nomayo at Altcoins

Adult entertainment platform Pornhub has introduced a new crypto payment option for models, enabling support for popular stablecoin Tether (USDT) via its TRONlink wallet. Pornhub Announces Tether And Cosmo Payment Options Pornhub announced the news via a blog post on its website published on Thursday (January 23, 2020). According to...

CAD and JPY walking outside the Simplex Building Green

Cryptocurrency Payments Processor Simplex now Supports JPY and CAD

December 10, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Simplex, a European Union-licensed financial institution that functions as the fiat gateway provider of top crypto exchanges like Binance, Huobi, Poloniex and a host of others, has now added support for two more fiat currencies: the Japanese yen (JPY) and Canadian dollar (CAD). The move could enable Binance and other...

eToro Cryptocurrency Debit Cards Coming in Q2 2020

December 10, 2019 by Aisshwarya Tiwari at Bitcoin

UK-based social trading platform eToro is poised to launch cryptocurrency-enabled debit cards in Q2 2020, reports Business Insider, December 9, 2019. Bringing Crypto to the Masses In a bid to make the use of cryptocurrencies a mainstream phenomenon, UK-based cryptocurrency trading firm eToro is seriously considering launching digital currency-enabled debit...

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