Isle of Man Payment Processor Wants To Bring Bitcoin Payments to 260 Million European Shoppers
The Isle of Man is known for having a bitcoin-friendly exterior in the world that seems so bent on regulating digital currencies. Through legislation allowing the exchange of digital currencies, they've poised themselves to be a haven for bitcoin enthusiasts. With the Isle of Man being so open to bitcoin, it only makes sense that businesses would begin to sprout up due to the acceptance. "The Isle of Man has a great government which is really progressive on many things," said James Carter, founder of ChainPay. "They really see the benefit of crypto, and how it's the way of the future in....
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In a press release announcing its partnership with ChainPay, Payment Goblin is now able to offer its bitcoin services to clients based in Isle of Man. Payment Goblin is a payments processor company offering credit card payments processing to merchants internationally while the ChainPay platform provides bitcoin payment gateways services to merchants. "Payment Goblin is a forward thinking payment processor who recognizes the value of Bitcoin payments. We are pleased to be working with such an organisation whose goals are aligned so well with ourselves. Through this partnership we hope to....
Long-standing bitcoin payment processor BitPay announces Lightning Network support, bringing efficient bitcoin payments to millions of shoppers.
A bootstrapped startup in the Isle of Man has launched a payment processor called ChainPay that it hopes will compete with the likes of BitPay and Coinbase in the European market. The firm, called AltXE, says it is focused on signing up European merchants to use its payment processor and that its fee schedule and personal attention to customers will distinguish it from its much better funded competitors. "If you sign up with Coinbase you might be just another merchant in their box. If you sign up with us, we'll be engaged with the merchant, making sure that everything is functioning well,"....
The Isle of Man really is aiming to be bitcoin central. If the initiative to bring as many bitcoin businesses to the island wasn't enough, how does paying your taxes with the digital currency sound? Perhaps far-fetched, but if a new report from CoinDesk is to be believed, we might not be far off from this happening. "Everything from paying your car tax to your income tax bill, we're seeking to operate a wider range of choices for citizens and businesses for how they can settle their account with the government," Mr. Chris Corlett, chief executive of the department of economic development....
Bitcoin payments processor Coinify has been able to acquire is competition Coinzone, allowing it to expand its reach to the European market. Coinify is based in Denmark and has roughly 8,000 customers prior to the deal, which could bump it up to at least 10,000. According to Coinify CFO Visti Larsen, he purchase comes as his firm is seeking to shift its focus from acquiring individual merchants to payment service providers (PSPs). He shared that Coinfiy plans to replicate a model invoked by its US peer Bitnet by partnering with larger entities that provide bitcoin payments processing....