Payments and Banking Archives - Free Bitcoin Earning Sites

Why Revolut is paying for WeWork membership in bitcoin

September 16, 2021 Bitcoin, Fintech, Payments and Banking, Revolut, wework Eddy 0

Revolut has announced that it has used bitcoin to pay for office space for 300 employees in a WeWork in Dallas – its largest office in the United States. But why has the British neobank, which is valued at a cool $33 billion, opted to use bitcoin in this way? The answer is in part […]

El Salvador brings Chivo ATMs to the US

September 16, 2021 Bitcoin, chivo wallet, El Salvador, Payments and Banking, remittances Eddy 0

El Salvador has brought its Chivo bitcoin ATMs to several U.S. cities, a move aimed at making it easier and cheaper to send remittances abroad to friends and family in the Central American country. El Salvador now counts 50 of the commission-free Chivo ATMs in 10 U.S. locations where local legislation permits them, President Nayib […]

How China’s new digital yuan app makes money programmable

September 15, 2021 CBDC, Central Bank, China, e-cny, Payments and Banking, PBOC Eddy 0

Quick Take China has quietly made its standalone digital yuan mobile app available to almost 10% of the population. The latest step in a long, gradual rollout of the central bank digital currency reveals how it can be programmed through smart contracts. This feature story is available to subscribers of The Block Daily. You can […]

El Salvador’s biggest bank is now accepting bitcoin payments

September 11, 2021 Bitcoin, Bitcoin Wallet, El Salvador, Flexa, Payments and Banking Eddy 0

Clients of El Salvador’s largest bank, Bancoagrícola, will now be able to pay down their loans and credit card bills in bitcoin. They can also now use the cryptocurrency to purchase goods and services from merchants connected to the bank’s payment gateway. Bancoagrícola, founded in 1955 and now owned by Grupo Bancolombia, has tapped New […]

Panama lawmaker introduces proposed crypto regulation law

September 8, 2021 Blockchain, Central Bank, Cryptocurrency, El Salvador, Ethereum, Fintech, Governance, Legal, Panama, Payments and Banking Eddy 0

An independent lawmaker in Panama has introduced a bill to the country’s National Assembly that if approved will regulate crypto assets and promote blockchain adoption. The proposed law aims to make Panama “compatible with blockchain, crypto assets and the internet,” tweeted congressman Gabriel Silva, whose profile photo features the red laser beam eyes popular with […]

Sen. Elizabeth Warren says ‘crypto is the new shadow bank’

September 5, 2021 Blockfi, congress, Elizabeth Warren, Gary Gensler, Janet Yellen, Payments and Banking, Regulation Eddy 0

U.S. Senator Elizabeth Warren (D-MA), a long-standing critic of cryptocurrency, told the New York Times that, in her view, cryptocurrency is “the new shadow bank.” The Times story focused in large part on BlockFi, the venture-backed crypto lending startup that has drawn the attention of numerous state regulators in the U.S. as part of a […]

BBVA Swiss includes a crypto wallet via its new digital investment account

September 3, 2021 BBVA Swiss, BBVA Switzerland, crypto wallet, Payments and Banking Eddy 0

Swiss banking giant BBVA is launching a digital investment account that offers crypto wallet features, according to a company release. The new digital investment account is called New Gen, which allows users to deposit $10,000 in USD, euros, or Swiss francs. Individuals must complete an online form and video-identification call to obtain access. Users can […]

Australia, Malaysia, Singapore and South Africa will test cross-border CBDCs

September 2, 2021 Bank for International Settlements, BIS, CBDC, Central Bank, cross-border payments, Payments and Banking Eddy 0

As part of the Bank for International Settlements’ new Project Dunbar, the central banks of Australia, Malaysia, Singapore and South Africa are working to build prototype platforms for cross-border central bank digital currencies (CBDCs). The news comes from a Bank for International Settlements announcement on September 2. The announcement describes the prototypes as such: “These […]

Brazil’s Nubank to acquire instant payment platform Spin Pay

August 31, 2021 Companies, Fintech, Nubank, payments, Payments and Banking Eddy 0

Brazil’s Nubank will acquire Spin Pay, a fintech company that supports retailers accepting payments through the country’s Pix instant payment system. The acquisition aims to help Nubank boost its e-commerce payment solutions, the company explained in an August 30 press release. Spin Pay, which will remain a separate company after the deal, works with more […]

Why Brazil’s public instant payment system became so popular — and what that means for crypto

August 27, 2021 Bitcoin, Brazil, Central Bank, Cryptocurrency, payments, Payments and Banking, PIX Eddy 0

Quick Take Brazil’s central bank recently revealed new data pertaining to its real-time payment system, called Pix, which show the platform taking off. Now the bank is trying to make sense of the simultaneously rising demand for crypto — not for payments but as an investment class. This feature story is available to subscribers of […]

Category: Payments and Banking