Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments

More than 2,500 merchants in Austria can accept three types of cryptocurrencies via the payment processor Salamantex. The company explained that the system was tested with a number of select A1 5Gi network shops. Since the Covid-19 outbreak, contactless payments have been trending more so than they ever were before. There are a number of traditional services that remove cash from the equation, but cryptocurrencies also provide the same ends except the means are decentralized. This week the Austrian payment processor Salamantex announced that 2,500 merchants in the country will…

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60 Hong Kong-Based Vending Machines Support McAfee’s Ghost Token for Payments

On June 28, 2020, the team behind Ghost Coin revealed a partnership with the digital currency payment processor Ivendpay. Ghost is a project led by the notorious John McAfee and according to the recent announcement, 60 vending machines in Hong Kong will support the privacy-centric coin for payments. It’s surely never a dull day in John McAfee’s world and this week his Ghost Coin team revealed a collaboration with the crypto payment startup Ivendpay. The startup is a multi-currency payment system that allows people to accept cryptocurrency and other types…

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Singapore-Based Carpooling Platform Ryde Plans to Support Bitcoin Payments

The popular and first Singapore-based carpooling platform, Ryde has revealed that customers will soon be able to pay with bitcoin. The feature will be available after the bitcoin support is incorporated into the company’s payment app on June 22. Ryde has approximately 29,000 drivers, tens of thousands of customers, and millions of trips have been taken since the company started in 2014. The company Ryde is a carpooling service similar to Uber and the company launched in 2014 being the first rideshare platform located in Singapore. The difference between Uber,…

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Turkish Real Estate Firm Antalya Homes Now Supports Bitcoin Payments

Turkish real estate firm Antalya Homes announced that its customers can now pay for properties listed on its platform with Bitcoin (BTC). According to a June 15 announcement, Antalya Homes claims to have recorded the highest-valued real estate sale ever made while using Bitcoin as a payment in Turkey. Per the company, the coronavirus pandemic forced the real estate industry to innovate. More precisely, Antalya Homes reacted by offering virtual home tours and adding support for Bitcoin on its website. The firm’s chairman Bayram Tekce explained: “In the sale of…

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Venezuelan Petro Payments May Be on the Rise

The Venezuelan government announced on June 11 that almost 15% of all fuel payments at petrol stations across the country were made using the Petro (PTR). This rise comes during the first week of the new state-backed plan to promote widespread use of the token. According to a report from Ultimas Noticias, 40% of the PTR transactions passed through the foreign stations. Balancing Venezuela’s crypto environment? The blog Geopolítica Coyuntural says that Petro adoption will strengthen the balance and the homologation of value between the primary and secondary market, “allowing…

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A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTC

Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal with the fact that onchain bitcoin transactions could not provide such services. The reason bitcoin cash is supported by these vending machines in Hong Kong is because bitcoin transaction fees are 1,931x more expensive than bitcoin cash transactions. Hong Kong Vending Machines…

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Spotify-like Subscription Model Proposed For Collateral Payments

A new blockchain protocol funded by Web 3.0 Foundation promises to reduce collateral requirements in DeFi and cross-chain applications. Interlay received a grant from the foundation to build a bridge between Polkadot and Bitcoin (BTC). The latest paper to come out from this project, “Promise: Leveraging Future Gains for Collateral Reduction”, proposes a new protocol . Alice & Bob engage in ongoing relationship The easiest way to explain how Promise works is through an example. Let’s say, Alice engages Bob as a service provider for a series of tasks, and…

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Americans Purchase $1,200 Worth of Bitcoin, While 7 Banks Fumble With Stimulus Payments

For years now, bitcoiners and cryptocurrency proponents have said the antiquated banking system will not continue to survive for very long and the financial system is showing massive cracks these days. The recent stimulus check fiasco is a prime example of the issue, as customers from PNC, JPMorgan Chase, US Bank, and Capital One have been complaining about technical issues. Moreover, circumstantial evidence shows that a decent number of people who got their stimulus money have spent the funds on cryptocurrencies. The Antiquated Banking System Struggles With People’s Stimulus Payments…

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Deutsche Bank Envisions Post Covid-19 Economy Accelerating Digital Payments

Since the covid-19 outbreak wreaked havoc across the world’s economies, the global multinational investment bank Deutsche Bank has been encouraging the use of digital currencies. The firm’s Twitter account and macro strategist Marion Laboure have been tweeting regularly about how coronavirus infection risks could “accelerate digital payment systems across the world.” Also read: 5% Over Spot: Gold-Backed Tokens Tether Gold and Digix Sell for Higher Premiums Deutsche Bank’s Macro Strategist Envisions a Digital Payment Transformation Post Covid-19 The coronavirus is surely changing the way we look at things and how…

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Russian Official: Cryptocurrency Bill Completed — Effects on Payments, Exchanges, Miners

The chairman of the Russian State Duma Committee on Financial Markets has confirmed that the bill which provides the regulatory framework for cryptocurrencies in Russia has been completed. The official explained key features of the bill, including how cryptocurrency exchanges and miners will be regulated. However, the bill’s adoption has been delayed due to the coronavirus pandemic. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed Work on Russia’s Cryptocurrency Regulation Completed Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, has confirmed…

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