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UnionPay to Debut Crypto Payment Cards in Partnership with Danal

The proposed launch of the crypto payment card by UnionPay and Danal is daring amidst recent clampdowns of cryptocurrency-based activities by the Chinese government.Shanghai-based payment subsidiary of China UnionPay is set to launch a new set of cryptocurrency (Crypto) payment cards in conjunction with the Korean payment provider Danal. According

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Lightning Network Gets a Marketplace for Payment Channel Liquidity

The team behind the Bitcoin Lightning Network’s leading software implementation is launching a marketplace for Lightning users to lease liquidity for payments on the second-layer network.Today, Lightning Labs announced the release of Pool, “a non-custodial, peer-to-peer marketplace for Lightning node operators to buy and sell access to liquidity,” according to

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Bank of England governor dismissed Bitcoin as a means of payment

During a virtual conference hosted by the Brookings Institute, Andrew Bailey, Bank of England’s (BoE) governor, stressed that crypto assets are just “unsuited to the world of payments.” In prepared remarks on the future of cryptocurrencies and stablecoins, Bailey qualified Bitcoin (BTC) as an asset that has “no connection at all

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