payments


Finance

Crypto Payments Firm Halts Operations Citing Singapore's New Regulatory Regime

Singapore-based Coinpip said it has "suspended operations" while it looks at becoming licensed under new AML rules.

Singapore (MOLPIX/Shutterstock)

Policy

Chase Bank Settles Suit Over 'Sky-High' Credit Card Charges for Crypto Purchases

The bank had allegedly charged the plaintiff over $160 in fees and interest for regularly purchasing cryptocurrencies with his credit card.

Credit: Daryl L / Shutterstock

Tech

Samsung to Target EU Payments Sector With Blockchain-Based Solution for Banks

The platform will use blockchain to automatically input payments data into bank records.

Samsung

Policy

BIS Paper Reckons With P2P Payments, Tokenized Securities, Central Bank Digital Currencies

Researchers at the Bank for International Settlements say the future of payments may be peer to peer, but a number of considerations must be satisfied before distributed ledger-based systems can go mainstream.

“The most transformative option for improving payments is a peer-to-peer arrangement that links payers and payees directly and minimizes the number of intermediaries,” said BIS chief Agustin Carstens (center). (Image: Wikimedia)

Markets

Binance Now Supports Deposits and Withdrawals in Hong-Kong Dollars

The exchange has opened a fiat gateway for Hong Kong dollars, serving a jurisdiction in which banking services for crypto firms are notoriously tough to find.

Hong Kong dollars

Finance

Norwegian Air May Allow Customers to Pay With Crypto as Soon as Spring

Norwegian Air would accept cryptocurrency payments via crypto exchange NBX.

TheHighestQualityImages / Shutterstock

Policy

Brazil's Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies

The PIX payments system is coming to Brazil later this year, promising almost instant transfers for individuals and businesses.

Central Bank of Brazil. Credit: Shutterstock/Alf Ribeiro

Finance

OpenNode Finds Way for Retailers to Turn Fiat Payments Into Bitcoin (Using Apple Pay)

Bitcoin-loving retailers can now receive BTC from customers paying in fiat.

Apple Pay image via Wikimedia Commons

Finance

Coinbase Becomes First 'Pure' Crypto Firm Approved as Visa Principal Member

The San Francisco-based cryptocurrency exchange will have the power to issue payment cards thanks to its new status.

Coinbase Card. Image courtesy of the firm

Markets

Speculation Undermines Crypto Prices and Utility, Says Bank of England Senior Economist

Speculation clogs up blockchains, making them harder to use and ultimately less valuable, a working paper suggests.

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