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Bitcoin, Blockchain, cryptography, Daily News, decentralized ledger, Issuing & Acquiring, Tokenisation -

Bitcoin is a powerful and successful digital currency. Based on cryptography and a decentralized ledger, it has simultaneously been heralded as the future of finance and a gateway to the criminal underworld. Governments around the world are pushing an agenda which would see the banning of end-to-end encryption on one hand and the anonymity of [...]

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Bitcoin, bitcoin debit card, Coinbase, cryptocurrency, Daily News, Debit card, Issuing & Acquiring -

Coinbase has announced its intention to roll out its first bitcoin debit card in the US, in an effort to encourage mainstream adoption of the cryptocurrency on the high street. The Shift Card is a Visa debit card that currently allows Coinbase users in twenty-four states in the US to spend bitcoin online and offline at [...]

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Bitcoin, Blockchain, Daily News, Processing & Systems, R3 -

BNP Paribas, Canadian Imperial Bank of Commerce, ING, MacQuarie and Wells Fargo are the latest major financial institutions to partner with distributed ledger startup R3 CEV. With the announcement, R3 brings the number of financial institutions participating in its stealth initiatives to 30, with other major names including Bank of America, BNY Mellon, Citi, HSBC [...]

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Abra, American Express, Bitcoin, Daily News, Mobile Payments, Mobile Remittance, P2P -

Last week, P2P Bitcoin company Abra, announced that it will soon be available to all registered users in the US and Philippines and will also now offer services enabling merchants to accept digital cash from consumers using its app. Additionally, it added strategic investments to its $12 million Series A round, announced in September, from American [...]

The post American Express invests in first P2P Bitcoin venture appeared first on Payments Cards & Mobile.

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Bitcoin, bitcoin exchange, bitcoin exchange transactions, Blockchain, Daily News, European Court of Justice, Processing & Systems, Regulation -

The European Court of Justice (ECJ) has ruled that bitcoin exchange transactions should be exempt from VAT. The ECJ ruling stated that bitcoin transactions “are exempt from VAT under the provision concerning transactions relating to currency, bank notes and coins used as legal tender.” The ECJ’s top legal advisors had already recommended the exemption, but [...]

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