Payments Company Affirm Shutting Down Crypto Business
During the bull market of 2021, Affirm had joined a number of fintech firms in offering clientele the ability to buy and sell crypto. Source
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Payments
UK’s digital pound would modernize payments but won’t replace cash: Minister
The Bank of England (BoE) and U.K. Treasury are gearing up plans to create a digital currency that could "provide a new way to pay" without necessarily replacing cash.On Feb. 7, a joint consultation paper on Central Bank Digital Currencies (CBDCs) is set to drop, with the BoE and Treasury
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South African Retailer Pick n Pay Now Accepting Payments via BTC at All Its Stores – Africa Bitcoin News
Pick n Pay, one of South Africa’s leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay’s customers can now buy items such as groceries, airtime and electricity tokens. Using BTC for Everyday Purchases Just a few months
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UK Bank Nationwide Restricts Card Payments to Binance
Nationwide said it has taken this decision due to "media coverage" and "regulatory uncertainty." Source
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Indian retail chain rolls out support for CBDC payments in stores: Report
One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses. In a report by Tech Crunch, the company said central bank digital currency (CBDC) support is already rolled
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Elon Musk wants Twitter payments system built with crypto in mind
Twitter chief Elon Musk has reportedly instructed his developers to build the platform’s payments system in such a way that crypto functionality can be added in the future.According to a Jan. 30 Financial Times report, two people familiar with Twitter’s plans said the payments feature will support fiat currencies to
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Elon Musk’s Payments Vision for Twitter Takes Shape, Small Team Tasked to Build Infrastructure – Bitcoin News
Seven months ago, current Twitter owner Elon Musk said, prior to acquiring the social media giant, he would integrate cryptocurrency payments. According to sources, a team is working on the infrastructure for a payment platform, and Twitter is proceeding with regulatory approvals and registrations. Elon Musk’s Plan for Twitter Payment System
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Elon Musk Wants Twitter Payments System to Accommodate Crypto: FT
Twitter is designing a system to permit payments through the social-media platform, and although billionaire owner Elon Musk wants it "first and foremost" to be for fiat currencies, he wants the ability to add cryptocurrencies later, the Financial Times reported Monday. Original Source
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New York Assembly introduces crypto payments bill for fines, taxes
A bill introduced to the New York State Assembly on Jan. 26 would allow state agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees and other payments charged by the state.JUST IN: A New York Senate has introduced a bill to allow #Crypto as
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Balancing Privacy & Compliance to Ensure High Privacy for CBDC Payments
Today, the public already accepts some financial privacy invasion. Existing digital payment methods, such as debit and credit cards, bank account transfers and mobile money payments do not have a high degree of privacy – and are growing in market share. Know-your-customer (KYC) measures are necessary to open bank accounts
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