Payments

  Another day, another central banker broadsiding bitcoin. This time its Benoît Cœuré, a member of the Executive Board of the European Central Bank (ECB) who called the cryptocurrency “the evil spawn of the financial crisis.” So, how do you...

Pittsburgh-headquartered PNC Financial Services Group Inc’s treasury management division will use Ripple’s xCurrent technology to provide its business clients with faster international payments. Traditional international payments can often take banks as long as a week or more to clear...

Michael Caine calls British artist Lincoln Townley “the next Andy Warhol” and his collectors include a Who’s Who in the entertainment and sports world such as Al Pacino, Sting, Ewan McGregor, and professional soccer star Ronaldinho. Townley is...

  Banks and business would love to see blockchain solve their challenges of cross-border payments. At this early stage, it’s unclear whether blockchain can meet the three biggest problems of scalability, speed, and transparency, not to mention security. Payments...

  Fintech startup Abra recently decided to let customers buy cryptocurrency with credit cards. Meanwhile, Bank of America, JPMorgan Chase, Citigroup, Capital One, Discover and other major banks continue their policy of locking bitcoin and other altcoin purchases. It’s...

  Germany’s solarisBank today launched cryptocurrency banking services designed specifically for cryptocurrency businesses and consumers. The Berlin-headquartered digital bank is going against numerous mainstream banks who have prohibited consumers from buying cryptocurrency with credit and debit cards as well as...

  Goldman Sachs-backed Circle announced a new $110 million round of financing with some big-name backers including Bitmain, Accel, Blockchain Capital, Breyer, Digital Currency Group, General Catalyst, IDG, Pantera and Tusk Ventures. Even more important was the announcement of...

  When Facebook announced a small cryptocurrency development SWAT team earlier this week, it wasn’t quite clear where they might go with it. A new report from Cheddar shines some light on the payments and cryptocurrency possibilities. Facebook already...

  In Manhattan, JPMorgan Chase & Co has been sued for charging surprise fees when it cut off customers buying cryptocurrency with credit cards in late January and started treating digital coin purchases as cash advances.   The class-action lawsuit...

  South Korea’s Bithumb cryptocurrency exchange announced the launch of SNS Pay – a P2P payments platform that lets users pay by social media networking sites and blogs.   Last week, it announced a partnership with Korea Pay to allow...