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Compared to most countries in the world, Russia has a had a hard stance when it comes to bitcoin. In fact, in February 2014, Russia’s General Prosecutor’s Office stated “The official Russian currency is the ruble. The use of any other monetary instruments or surrogates is forbidden.” The office added, “The anonymous payment systems and […]

Laws and regulations involving the use of cryptocurrencies like bitcoin vary from country to country. In Bangladesh, virtual currencies are outlawed. Germany considers it private money. In the U.S., virtual currency is classified as a commodity with each state having their laws and regulations. Bitcoin adoption is slowly becoming more popular in international markets. Japan, […]

Despite the presence of Uber and Lyft, Taxis are still a popular option for tourists and commuters who are either on a budget or don’t own a smartphone. And, with cab companies starting to accept payment methods like Apple Pay, Android Pay, or Samsung Pay, the ability to catch and pay for a cab has […]

As 2016 begins, there will be a year of ongoing change that lies ahead for the payments industry, especially as technology further evolves. Further exploration and debates over security and compliance standards will continue. Meanwhile, consumers and businesses increase the adoption of new payment methods. New Territory, Growth Potential, and Sticking Points Ahead Numerous reports […]

In a similar strategy to online payment platforms like PayPal where they realized they could get further traction with introducing physical payments cards like a debit or credit card to use with their accounts, Bitcoin companies are now starting to add their physical cards to attract more customers to their cryptocurrency. Commencing in 2014, Internet […]

Sidechains are private or public networks that may or may not be based on the Bitcoin protocol. According to a recent technical paper on this aspect of cryptocurrency, these sidechains have the potential to revolutionize this new system. As a Cryptocoin News article recently explained, “A sidechain can carry Bitcoin as currency, in which case users […]

Did you know that in 2015 Bitcoin, Ethereum, and other blockchain-related startups raised over $1 billion in total investments? That’s an impressive increase from the $347 million invested that industry enjoyed in 2014. Even more impressive is the fact major organizations, such as American Express, Deloitte, Goldman Sachs, MasterCard and the New York Stock Exchange, have […]

When you receive money as a freelancer, there is a good chance that you will have to pay a fee. Many payment processors charge fees for you to receive money. As a result, you can see how your real earnings can be affected by these fees. If you notice that payment fees are cutting into […]

Whether it’s an app, digital wallet, social peer-to-peer platform, or mobile POS or NFC system, mobile payments are the future of payments. However, privacy and security concerns have prevented mobile payments from going mainstream. Take for example the 2015 holiday season. A survey conducted Inside Secure found that despite an increase of users planning to […]

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