Mobile Payments and Bitcoin Partnerships: a chance for backdoor integration?
Mexico continues its open arms approach to Bitcoin propagation with the partnership of Bitcoin exchange Bitso with mobile payment provider Pademobile. As of today, Bitso clients are able to fund their accounts by credit card using their Pademobile account, while Bitcoin’s liquidity is being made available to all 3 million current subscribers to the Pademobile service. In cementing the partnership, Bitso furthermore becomes one of only a handful of exchanges globally to offer credit card funding. “This marks the beginning of a very exciting partnership for developing and promoting the use....
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Global payments conglomerate NCR has announced that one of its merchant point-of-sale (POS) systems will soon offer bitcoin support. The integration of bitcoin into the NCR Silver POS is expected to happen sometime before the end of this year. The system will also support mobile bitcoin wallet payments and will be a free service attached to its POS platform. NCR is one of the world's largest payments companies. Founded in 1884 as a cash register maker, NCR offers a number of hardware and software solutions and reported more than $6bn in revenue in 2013. In recent years, NCR has moved to....
Apple Pay has been touted as one of the most revolutionary mobile payment forms of the past 12 months. Despite a ton of marketing efforts, hype, and integration by thousands of merchants around the world, the platform has not been without flaws. In fact, most users are still not sure whether or not Apple Pay is a favorable option. Running out of phone battery makes the entire payment utterly useless. Apple Pay is proving to be quite an interest spin on mobile payments, as the service has many things going for it. There is a dire need for more competition in the mobile payments ecosystem,....
PayPal has announced partnerships with three major payment processors in the bitcoin space - BitPay, Coinbase and GoCoin. Though the online e-commerce pioneer stopped short of integrating bitcoin into its digital wallet or payment processing services directly, the move marks PayPal's first formal offering to the bitcoin community. In a blog post penned by senior director of corporate strategy Scott Ellison, PayPal revealed that online merchants will now be able to accept bitcoin via all three companies through its PayPal Payments Hub, its product that enables customers to accept credit....
Major Bitcoin mining hardware producer Bitmain can remotely shut down almost all active Antminer machines. Dubbed the “Antbleed” backdoor, abuse of the vulnerability could probably knock half of all hash power on the Bitcoin network offline. “Even if Bitmain had no bad intent, this is a gaping security hole,” said our source, who discovered the backdoor but asked to remain anonymous. The backdoor code can be seen on Pastebin and on GitHub, and today a website has been put up for Antbleed as well. How It Works. The Antbleed backdoor is “stupid simple,” as our source described it. Whenever....
A new service hopes to bring mobile bitcoin payments to the masses. The service, called Bits, has already demonstrated bitcoin payments made via text message from one mobile phone to another. Conceived by Cody Burns, who was a front-end software developer at COG1, a San Francisco-based web and mobile app company, Bits enables payments via SMS, QR codes or tapping together phones with near-field communications (NFC) capabilities. The company promises "almost zero fees" for making and receiving payments, and says payments should be processed in under 10 minutes. This isn't the only service....