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Greeks are rushing to Bitcoin
June 30th, 2015
With bank doors slammed shut, frantic Greeks are turning to online trading platforms to see if the digital money Bitcoin is a better bet than the euro. The world’s largest Bitcoin exchanges tell CNNMoney they’ve seen a surge of business ...
Amazon to offer loans to sellers in China, 7 other countries
June 30th, 2015
Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. Until now, the e-retailer ...
The Challenges Facing Bitcoin Payments Adoption
May 8th, 2015
While several online retailers have made the move to integrate bitcoin payments on their platforms, it seems that gaining mainstream acceptance is still a huge challenge. During the first Virtual Currency Today Summit held by Networld Media Group, bitcoin ...
Bitcoin moves from Commodity to Payment Currency
April 16th, 2015
Bitcoin is becoming an actual currency for everyday use among consumers more than a traded commodity, according to recently released BitPayresearch. The data indicated the total number of bitcoin transactions more than doubled last year. The value of the average bitcoin order ...
Five Reasons Bitcoin Revolution is Over
February 23rd, 2015
2015 will be the year Bitcoin “dies.” The bubble is over and the cryptocurrency, while revolutionary, has serious issues which will prevent it from ever becoming widely accepted. Andre Alessandro — The five problems listed here are both structural and external ...
The Federal Reserve Bitcoin Strategy
January 28th, 2015
This morning The Federal Reserve Bitcoin Strategy was released in a paper outlining multiple options for improving the U.S. payment system. In the past, Digital currency had been deemed too immature. Now, after pressure from private sector interests, the ...
Bank of Canada is Keeping a Close Eye on E-Money
November 14th, 2014
The Bank of Canada is keeping a close eye on the risks posed by new forms of electronic money, given that the Bank’s job is to issue currency, promote financial stability and oversee Canada’s payment systems, Senior Deputy Governor ...
2 Drug Chains Disable Apple Pay, as a Rival Makes Plans
October 27th, 2014
A consortium of merchants plans to introduce a payment system next year that will supplant the use of credit and debit cards. Apple Pay, the Silicon Valley giant’s highly anticipated mobile wallet, has been available for only one week ...
Greenpeace Now Accepts Bitcoin
September 23rd, 2014
Completely independent organization Greenpeace announced today that it now accepts donations in bitcoin, becoming the latest charitable institution to adopt the digital currency into its operations. Greenpeace devotes its efforts to ensuring a “healthy planet for current and future ...
Digital vs. Virtual Currencies
August 25th, 2014
There’s a lot of misunderstanding around the terms “virtual” and “digital,” and people often mistakenly use them interchangeably. The reality is that virtual currencies are a type of digital currency, meaning that all virtual currencies are digital, but the ...