Tagbitcoin payment

Argentinian Bank Drops Out of SWIFT, Favors Bitcoin and Cryptocurrency

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According to Toshi Times, Jose Dakak, the principal shareholder of Argentinian bank Banco Masventas, has stated that the bank will drop out from the global financial network SWIFT and begin utilizing the Bitcoin blockchain network to settle international payments. Can Bitcoin Replace SWIFT? Through a strategic partnership with Bitex, a cryptocurrency payment service provider based in South...

German Online Bank Dismisses Swift, Favors Bitcoin for International Money Lending

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Bitbond, an online bank founded in Germany in 2013 by German Radoslav Albrecht, has found an innovative use case for bitcoin's borderless nature: international loan payments. It was the first to use bitcoin to transfer credit in currency internationally, not only as loan collateral, and it's currently processing about $1 million in loan payments per month. As the company explains on its website:...

Retail Giant Newegg Expands Bitcoin Payments to Canada

Computer hardware retailer Newegg has begun accepting Bitcoin payments in Canada. Newegg -- which has approximately 36 million customers and was one of the first well-known companies to accept cryptocurrency payments -- made the announcement on Tuesday, explaining that Bitcoin payments have represented a “small but growing stream of purchase transactions” in the US and that the retailer wanted to...

Reddit Disables Bitcoin Payments Amid Coinbase Commerce Overhaul, But Are They Gone Forever?

Reddit no longer accepts Bitcoin payments for its premium membership program, Reddit Gold, although the feature may return to the social media platform in the future. Last week, a Reddit user noticed that he or she was unable to use Bitcoin to gift another user a Reddit Gold subscription, a common way to show appreciation for a witty or informative post. The platform first began accepting Bitcoin...

South Korea’s Largest Cryptocurrency Exchange Partners BitPay for Remittance

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Bithumb, South Korea’s largest cryptocurrency exchange, has partnered with major cryptocurrency payment processor BitPay to facilitate international remittance payments. US and South Korea Sonny Singh of Bitpay, the chief commercial officer at BitPay, stated that the company is on track to process $4 billion worth of transactions in 2018, and the team is focused on allowing cryptocurrencies like...

South Korea’s Largest Hotel Booking Platform Will Accept Cryptocurrency

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Yeogi Eottae, a major South Korean hotel booking platform which translates to “How is This Place?,” has partnered with the country’s largest cryptocurrency exchange to integrate cryptocurrency. Major Partnership As Bithumb has done with other retailers like WeMakePrice, a leading e-commerce platform in South Korea well known for its timely deals and discounts, the Bithumb team will likely enable...

Bitcoin Mining Facility Interferes With T-Mobile’s LTE Network Verifying Payments

US Federal Communications Commission (FCC) revealed in an official “notification of harmful interference” document that a bitcoin mining facility based in Brooklyn, New York interfered with T-Mobile’s LTE network by sending harmful radio emissions to the telecom’s 700 MHz band. Antminer Interferes With LTE Network The FCC noted in an document published on February 15 that on November 30, a...

South Korea's Largest E-Commerce Platform is Integrating 12 Cryptocurrencies Including Bitcoin

WeMakePrice, better known as Wemepu, one of South Korea’s largest e-commerce platforms, is integrating 12 cryptocurrencies including bitcoin, Ethereum, and Litecoin in collaboration with Bithumb, the country’s largest cryptocurrency exchange. First Major Retailer and E-Commerce Platform in South Korea According to local mainstream media outlets, WeMakePrice is cooperating with Bithumb on adding...

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