#Cryptocurrency Adoption News

Chinese Military Mulls Blockchain Technology Adoption and Crypto Rewards for Soldiers

November 19, 2019 by Osato Avan-Nomayo at Blockchain

China’s military hierarchy is reportedly eyeing the adoption of blockchain technology and cryptocurrency rewards for its personnel. Global Times reports that the Chinese military is keen to enhance the confidentiality of data transmission within its armed forces. PLA Looking Towards Blockchain Earlier in November 2019, the People’s Liberation Army (PLA)...

Censorship-resistant Crypto to the Rescue as PayPal Ditches PornHub

November 14, 2019 by Anthonia Isichei at Altcoins

PayPal has ceased offering its payment services to models of the adult entertainment site, Pornhub. With PayPal dropping the pornographic streaming site, major stakeholders and other members of the cryptocurrency community believe that it is a good opportunity for the nascent industry to gain more adoption. Crypto to the Rescue ...

Crypto Adoption May Not Be Mainstream Yet, But Growth is Undeniable

November 7, 2019 by Ashwath Balakrishnan at Bitcoin

If you asked someone in 2013 what the Bitcoin/cryptocurrency ecosystem would look like in 2019, they probably envisaged a future where they procure housing, food, and everything else with seamless cryptocurrency payments. Unfortunately, the market hasn't scaled to this level yet, but as reported by Bloomberg, adoption is growing and is highly...

Bitstop ATM in Miami Airport Plane flying BTC Bitcoin woo

Bitstop Installs First Bitcoin ATM at Miami International Airport

October 16, 2019 by Aisshwarya Tiwari at Bitcoin

In a press release issued October 15, 2019, Miami-based fintech startup Bitstop announced that it has installed Miami International Airport’s first Bitcoin ATM. With this, customers will now be able to easily buy and sell the premier cryptocurrency for cash while traveling. Miami International Airport Gets First Bitcoin ATM Bitcoin...

EU Financial Services Chief Hints at Broad Cryptoasset Regulation

The EU Needs to Launch a Cryptocurrency, Says deVere CEO Nigel Green

October 3, 2019 by Osato Avan-Nomayo at Altcoins

Nigel Green, CEO of deVere Group — a global financial advisory company, says the European Union needs to seriously consider cryptocurrency adoption per a report by IT-Online. Meanwhile, banking giants across the globe are beginning to shift from an anti-crypto stance towards developing their own blockchain-based business solutions. The EU...

Former UBS Chief Says Blockchain Technology is Beneficial to the Financial Sector

September 27, 2019 by Anthonia Isichei at Blockchain

The former President of Swiss bank, UBS AG, Peter Wuffli, who now serves as the director of the cryptocurrency bank, Sygnum AG, recently shared his thoughts on the potentials of cryptocurrency and blockchain technology. In an interview with SwissInfo on September 26, 2019, the new Sygnum Director believes that blockchain...

California Politician Purchases Cannabis with Cryptocurrency

September 16, 2019 by Anthonia Isichei at Bitcoin

A Berkeley councilmember became the first elected official to buy cannabis with cryptocurrency, according to a report by a Californian student newspaper, The Daily Californian on September 16, 2019. The introduction of cryptocurrency into the cannabis industry would help create more awareness for both industries. Cryptocurrency Provides Solution for Unbanked...

Gold-Based Cryptocurrency to Go Live in the UAE

September 9, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Golden M Group, a firm based in the United Arab Emirates has announced plans to launch Coin M, a gold-backed, distributed ledger technology (DLT) powered virtual currency that would enable high income as well as low income level investors to purchase the crypto asset and double their investment within a...

Bitcoin standing happily outside a crypto bank yay woo

Swiss Regulators Award First Banking Licenses to Blockchain Banks

August 28, 2019 by Anthonia Isichei at Regulation

FINMA, Switzerland’s financial regulatory body, recently awarded its first banking and securities dealers’ licenses to two Swiss blockchain banks, according to a report by Finews on August 26, 2019. The license comes after the regulatory body released a guideline regarding cryptocurrency and blockchain in the country. Swiss Watchdog Grants Conditional Licences ...

Xendpay Joins RippleNet for Real-time Cross-Border Payments

August 22, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Ripple

Xendpay, a London-based international money transfer service has joined RippleNet, a blockchain-based global payments network to enable millions of people to send real-time cross-border payments in their local currencies. The move will also allow Xendpay to stay ahead of its competitors by offering low-cost remittance services according to a blog...

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