Friday, May 14, 2021
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BitPay to Pay $500K to Settle OFAC Sanction Violation Charges

Crypto payments platform BitPay has settled with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on charges of over 2,000 apparent sanctions violations.According to an enforcement notice published on Feb. 18, BitPay will pay $507,375 on allegations it allowed individuals in sanctioned locations like Ukraine’s Crimea region, Cuba,

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Crypto Payment Provider BitPay to Add Apple Pay to Support Retail Purchases

BitPay is joining forces with Apple Pay as more institutions are inclining toward cryptocurrencies, influenced by Tesla’s $1.5B investment in Bitcoin.Atlanta-based crypto payment provider BitPay has taken a step further with cryptocurrency transactions by incorporating Apple Pay into its platform. Now users can add the Mastercard Prepaid service to Apple

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Merchants accepting Bitcoin laud ‘zero chargeback risks’, says BitPay report

BitPay recently released a study highlighting four merchants from different businesses that have implemented Bitcoin as a payment method. The parties selected to participate included a gold broker, an online gift card marketplace, a domain registrar that also serves as a hosting service, and an electronics retailer.In the report, the

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After Years of Resistance, BitPay Adopts SegWit for Cheaper Bitcoin Transactions

Crypto payments processor BitPay now supports segregated witness (SegWit), according to a company blog post shared in advance with CryptoX. “Support for SegWit is currently an optional feature for Bitcoin wallets in the BitPay App. Later this year, as part of a phased rollout plan, support for SegWit will be a

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Bitcoin Payments Processor BitPay Partners Poynt to Expand Crypto Payments 

BitPay, a leading Atlanta-based Bitcoin (BTC) payments processor established in 2011, has joined forces with Poynt, a Palo Alto-based point-of-sales (POS) terminal maker, to simplify crypto payments and make it available at more than 100,000 retail locations around the world, according to a Finextra report on February 11, 2020. Bitcoin Payments

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