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A member of the United Kingdom’s Parliament has declared that it should be possible to pay local authorities and utility providers in Bitcoin. A conservative member (MP) of the United Kingdom’s (U.K.) Parliament has said that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. The MP’s statements were reported by local news outlet Express.co.uk on Dec. 10. The article notes that Eddie Hughes, a member of the U.K. Parliament for the Walsall North constituency, described himself as a “crypto enthusiast with amateur knowledge.” He notes that blockchain gets a lot of attention and members of the parliament “have a duty to understand it.” Hughes further explained that he recently met with the Royal National Lifeboat Institution, which accepts cryptocurrency donations, and that the encounter made him think: “What’s to stop us [from] being able to pay council tax and other bills with Bitcoin?” Those declarations come shortly after, as Cointelegra..
A while ago, Ripple got into a partnership with the multinational Spanish Commercial Bank, Banco Santander. Thanks to the seamless integration of Ripple’s OnePayFX, the bank won the Financial Innovation Award at the FIAwards that was held in Hilton London this year. The announcement about this great achievement came from Santander’s worldwide head of Strategic Accounts, Marcus Teacher, on Twitter. The tweet was as follows: “Santander bags Financial Innovation Award 2018 thanks to its integration of #onepayfx. OnePayFX is the new international payment solution by Santander that runs on the Ripple blockchain. We are happy with this news!” Santander And Ripple OnePayFX is a project by Santander and Ripple that is aimed at providing customers with quick global payment settlements. After the service was launched, Santander’s customers in UK, Spain, Poland and Brazil were able to use the system. At the time, the press release was as follows: “Apart from being fast, the service also gives ..
Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. StayBit, a Blockchain project founded in California, started beta testing technology aimed at combating fraud and reducing transaction costs for short-term property rentals. As a smart contract on the Ethereum network, StayBit provides a safe and reliable payment solution. Often called “vacation rentals”, the short-term rental market consists of mostly individual owners, small property management companies and real estate brokers who offer their properties to travelers. This market is often considered as an alternative to the hotel industry, but unlike hotel industry, the VR market is hugely fragmented. Y..
Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. TAP is a suite of services in the application: users can access a secure wallet, trade, and transact. While TAP offers a lot of convenience by offering an umbrella of services in one platform, its greatest utility is the provision of a payment system for Crypto holders. TAP’s ability to facilitate real-world payments are done through an intuitive protocol. While the concept is simple, the technology providing the service is complex. TAP provides users with a wallet; whenever users want to transact their holding, the highest bid on the largest Crypto exchanges is filled to instantly access fiat for the me..
Canadian mobile payments startup adds Bitcoin as payment method. Canada-based mobile payments company Glance Technologies Inc. has added support for Bitcoin (BTC) as a payment method, according a press release published Nov. 29. The firm’s release states that the new feature, dubbed “Pay With Bitcoin,” enables users “to pair their cryptocurrency wallet with their Glance Pay account, and then purchase Glance Dollars with Bitcoin.” The in-house currency can then reportedly be spent at merchants, which use Glance’s system to accept payments. As the release claims, using their in-house token as a go-between currency for payments “enabl[es] lightning-fast payments.” Desmond Griffin, the CEO at Glance Technologies, underlined in the release that the company focuses on the constant development of the payment industry “to ensure our platform is at the forefront of technology.” He also added: “Pay With Bitcoin allows Glance users to unlock the value of their crypto assets for use in their ever..
CLS has launched its joint blockchain platform with IBM and has a total of eight clients “committed” to using it. U.S. forex exchange (FX) settlement giant CLS’ blockchain payment netting service has gone live today, Nov. 28. According to the the company’s press release, Goldman Sachs and Morgan Stanley are among the initial users of the service, which was built in conjunction with IBM. The CLS Group reportedly settles an average of $5 trillion in payment instructions daily, and has members including Goldman Sachs, JPMorgan, Barclays, and Citigroup. The company’s CLSNet, described as the “first global FX market enterprise application running on blockchain in production,” also has “committed” participation from six international entities including the Hong Kong branch of the state-run Bank of China. The identity of the other clients lined up to use the blockchain payment netting service, which aids cashflow stability by grouping multiple payments together ahead of time, has not been re..
sponsored A peer-to-peer marketplace that enables people to buy Bitcoin using more than 300 payment methods is experiencing growing demand. A company that enables visitors to buy Bitcoin using more than 300 payment methods has reported growth in the number of transactions being completed using US dollars – and says it is determined to dismantle the issues people have in earning and transferring their money freely. Paxful was launched in 2015, and has the goal of making it simple to buy cryptocurrency – a boon for people who haven’t done so before. Cash deposits and bank transfers can be used on its platform – with the company promising to deliver Bitcoin in less than an hour at an “awesome price.” Crypto can also be received instantly if Paxful customers opt for an online transfer via the likes of PayPal and Skrill, on the condition that they upload their ID for verification. Debit and credit cards – including those from major brands such as Visa and MasterCard – are another option. ..
SBI Ripple Asia and the Japan Payment Card Consortium have announced a joint proof of concept to prevent fraud with blockchain technology. SBI Ripple Asia and the Japan Payment Card Consortium have announced a joint proof of concept (PoC) to combat fraud with blockchain technology, according to an official release published Nov. 16. According to the news release, the PoC will be conducted on R3's blockchain platform, Corda, and will aim to prevent damage wrought by fraudulent transactions by enabling the real-time sharing of data between parties using blockchain. The Japan Payment Card Consortium counts nine major credit card issuers – including American Express (Amex), Credit Saison and Toyota Finance – and two payment-card technology providers as members. SBI Ripple Asia is a joint venture from Japanese financial services giant SBI Holdings and blockchain firm Ripple that has been working to advance blockchain-powered solutions for the financial and enterprise sector since its..
Advertisement This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Stablecoins have been a hot topic in 2018, and many different companies are creating cryptocurrencies for P2P payments. The USDX Wallet payment system stands out from these overly complicated and undeveloped projects by delivering rapid and secure transactions with the ease of sending a text. Whether you are depositing money, organizing international money transfers, paying salaries, or making non-cash transactions, this digital payment system is a secure and reliable choice. As a blockchain-based wallet, USDX Wallet guarantees multi-level security for all transactions and instant transfers of assets via a phone number. The native blockchain used by USDX is based on BitShares, and it allows 100,000 transactions per second. For reference, that is the speed of Visa and Mastercard — combined. Many of th..
Singapore’s central bank has broadened its regulatory regime for payment providers to bring certain cryptocurrencies under its jurisdiction. The Monetary Authority of Singapore (MAS), the country’s central bank, has broadened its regulatory regime for payment providers to bring certain cryptocurrencies under its jurisdiction. The development was reported by English-language local broadsheet The Straits Times Nov. 19. The new Payment Services Bill (PSB), submitted by MAS board member and education minister Ong Ye Kung before parliament, is set to replace two existing pieces of legislation, the Payment Systems (Oversight) Act (PS(O)A) and the Money-Changing and Remittance Businesses Act (MCRBA). The new bill, which has passed through two public consultations since August 2016, has reportedly been drafted to better safeguard consumer funds, counter terrorism financing, and bolster cybersecurity. In the cryptocurrency space, it is expected to affect e-wallets and digital payment tokens su..