Search Results for: wallets
Fake Elon Musk accounts on Twitter promote bitcoin scams, one collects $170K
November 7th, 2018
Several verified Twitter accounts have been hacked to impersonate Elon Musk on, Nov. 5, with one reportedly collecting almost $170,000. After compromising verified accounts, scammers changed the profile name and picture in order to pose as the Tesla CEO. ...
Money-laundering watchdog to set first cryptocurrency rules by June
October 22nd, 2018
The global watchdog for money laundering will set up its first rules on oversight of cryptocurrencies by June, a major step towards creating international standards for an asset currently subject to patchy regulations. The Paris-based Financial Action Task Force ...
Alternative payments trump traditional rivals in Asia Pacific ecommerce market
August 16th, 2018
Alternative payment methods such as mobile wallets now account for just over half of ecommerce transaction value in Asia Pacific, according to research from GlobalData. The Apac online shopping market is booming, predicted to hit $1.6 trillion this year, ...
Apple Pay and other mobile payments will count for 1 in 3 in-store transactions by 2020
August 3rd, 2018
The future of shopping transactions may look a lot like Apple Pay. In-store contactless payments are predicted to reach $2 trillion by 2020, making up one-third of total transactions, according to a Monday Juniper Research report. Contactless payments will ...
EY acquires new cryptocurrency technology
July 25th, 2018
Ernst & Young (EY) has acquired technology assets and related patents from Elevated Consciousness Inc, a San Francisco, CA-based startup focused on developing solutions for the crypto-asset ecosystem. The Crypto-Asset Accounting and Tax (“CAAT”) tool connects with multiple cryptocurrency ...
Fintech startups told to follow the money or crash and burn
July 17th, 2018
Nine out of ten fintech startups fail to get beyond the seed stage, as risk-averse investors prefer to wave their wallets at later-stage companies. According to data from Medici, the average sums offered for seed-stage companies in 2010 were ...
48% say America will be out of cash by 2023
July 11th, 2018
One in five Americans thinks their payments will be completely cash-free in their lifetime, according to a new study from GATE (Global Acceptance Transaction Engine) conducted with third-party research firm YouGov. With Apple Pay, Google Pay, Venmo, Square, credit ...
Mastercard pushes for rise in cashless payments
July 6th, 2018
Mastercard is pushing for a bigger uptake of cashless payments, but the company reassured consumers it has “massive contingency plans” for IT failures like those that blocked millions of transactions at rival Visa. Anne Cairns, the group’s vice chairman, ...
Mobile contactless payment users to grow to over 760 million by 2020
July 3rd, 2018
The number of people using mobile contactless payment such as Apple or Google Pay will grow to more than 760 million by 2020, with Apple’s digital wallet leading the way, according to new research. An estimated 440 million people ...
5 Tips For Getting Started with Bitcoin
May 24th, 2018
Cryptocurrencies are increasingly gaining popularity among consumers, investors, and traders as a legal tender. Bitcoin, being the pioneer cryptocurrency, is not only the most popular among the crypto community but also the most reliable way to get one’s feet ...
