Search: Bitcoin Retail Payments

Bitcoin Missing Out as UK Retailers Move Away From Cash

UK retailers are exploring alternative payment options and moving away from traditional cash payments due to relatively high costs, according to a new survey compiled by payments provider Sage Pay. The company's research reveals that UK retailers now spend a whopping £17.8bn (almost $30bn) a....

Billion Dollar Mexican Retail Company Famsa Accepts Bitcoin

Grupo Famsa, one of the largest household appliance-, electronic products- and consumer products-focused retail company in Mexico has begun accepting bitcoin payments with a partnership with BitPay, a leading bitcoin payment processor. Mexican bitcoin exchange Bitso shared the news on its....

What Does Future Hold for Apple Pay?

Apple recently announced that it is going to extend its Apple Pay service to United Kingdom. Apple Pay is a mobile wallet and payment system launched late last year. In spite of the usual Apple's way of presenting things along with relevant technical components, enabling contactless and in app....

The Impact of Instant SEPA Transfers on European Bitcoin Exchanges

A few days ago, the European Central Bank announced how instant payments will become possible throughout all of Europe by November 2017. To make this idea become a reality, the Euro Retail Payments Board will partner with the European Payments Council to create a scheme enabling instant payments....

Pay with a PIN on Pinn Platform

The payment processing start-up, Pinn has topped the retail segment of the recently concluded Plug and Play accelerator cohort demo day. Founded by Will Summerlin and Nick Auriana with Kyle Crews as a lead engineer, the company enables bitcoin and fiat payments for merchants. Pinn's unique point....

French Retail Chain Monoprix to Accept Bitcoin Payments This Year

Major French retail chain Monoprix is making plans to start accepting bitcoin payments on its merchant website this year, according to the company's director of e-commerce, Patrick Oualid. Oualid made his comments in an interview published yesterday (8th April) on French news site JDN. When....

Pinn Wins Top Prize for Hands-Free Bitcoin Payments App

Payments startup Pinn placed first in the retail category at Plug and Play demo day last week for a unique point-of-sale (POS) solution that enables bitcoin and fiat payments without the need for a smartphone or wallet. The accelerator featured a number of bitcoin and blockchain startups in its....

KPMG: Bitcoin a Threat and Opportunity for Retail Banks

Big four' auditing firm KPMG has published a report identifying bitcoin as both a threat and an opportunity to the banking sector. The report, titled The Changing World of Money, outlines the factors threatening established retail banks, whilst discussing the potential of cryptocurrencies as....

PayPal Here Chip Card Reader Takes Swipe at Bitcoin?

Online payments giant PayPal recently launched a new product called PayPal Here Chip Card Reader which allows merchants to accept various forms of digital payment such as Apple Pay, Android Pay, and EMV-enabled cards. It is available for US retailers, in-store merchants, and customers. The....

Bitcoin in Business: Why don’t most Businesses Accept Digital Currency?

Bitcoin is in a unique place right now, it has the ability to help businesses increase their revenue and decreases transaction fees paid for point-of-sale transactions. Many businesses have started to accept Bitcoin payments for goods and services, but many still don’t — despite the number of....

NYC Bitcoin Center Now Selling CoinTerra Bitcoin Mining Hardware

The New York City Bitcoin Center on 40 Broad Street - just one hundred feet away from the New York Stock Exchange - is more than just home to bitcoin-related events now. The center is entering the world of retail. Yes, retail. The organization today announced that they'll be serving as a the....

Rumours of BTC China Deal with Chinese Retail Giant Suning 'Are False'

The bitcoin community has been abuzz about news that Chinese retail giant Suning is in talks with BTC China, the world's largest bitcoin exchange by volume, about integrating bitcoin payments into the retailer's e-commerce platform. But Bobby Lee, BTC China's founder, says the news is not....

Blockchain Rolls Out Bitcoin Payments App for Merchants

Blockchain.info has launched a new payments app designed specifically for merchants. Blockchain is by far the most popular bitcoin wallet and just two months ago the company reached its one million milestone. However, its new offering is a very different beast. The Blockchain Merchant app is....

ZipZap Brings Digital Currency Buying Back to 20,000 Retail Locations

Some better news for residents in the United Kingdom who might be looking to buy bitcoin. ZipZap announced on Tuesday that they're bringing their global cash transaction network back to 20,000 retail locations in the UK. The announcement come following a news item at the end of March in which we....

BitPay's Bitcoin Checkout Receives Nomination for Retail App Of The Year

BitPay's point-of-sale app Bitcoin Checkout has been nominated for the Retail App of the Year award at the Contactless & Mobile Awards to be held in London this April. The revolutionary app improves the customer experience by allowing them to accept Bitcoin payments on a mobile device. Bitcoin....

Coinkite Terminals Become Mini Bitcoin ATMs

Canada-based Coinkite is doing some pretty interesting things in the bitcoin realm. A prime example: the company today announced that consumers can now begin buying and selling bitcoin with Coinkite terminals beginning today. Coinkite terminals were introduced in Autumn of 2013 and allow....

Daily Bitcoin Price Analysis: The Bullish Trend Continues

On Friday, BTC/USD pair exchange rates soared to $450 but then dropped rapidly to $420. Currently, Bitcoin price is at the level of $ 434 and the bullish trend continues. Todays situation with Dollar rates is not that clear. Although the statistics on retail sales was positive, these data....

Bitcoin Payments Now Open to Over 32 Million NFC-Enabled Merchants

Spending Bitcoin is a critical part of making the digital currency a mainstream form of payment over the next few years. Up until this point, consumers had very little options to spend Bitcoin in physical locations, unless they own a Bitcoin debit card. That situation has come to change, now....

Nakamoto's: SF's First Bitcoin Retail Space Opens For Business

20Mission is a large co-working and co-living space in the center of San Francisco. For those that are not familiar with the space, it can be summed up as follows: a place where engineers, graphic designers, coders and individuals from a host of all walks of life meet, live, work and play. It....

Target Is Hiring an Expert Who Understands Bitcoin

Target is changing its focus to online e-commerce and , according to a report from Business Insider. The company believes its efforts towards this goal is are a necessary step to broaden its horizons. Furthermore, a new position is available for a person who understands Bitcoin....

Overstock Incurred $117K Loss in Cryptocurrency Investments for Q1

Online retail giant Overstock reported a total of $117,000 in losses for its cryptocurrency investments in the first quarter of 2015. According to the company's earnings report, its cryptocurrency holdings fell in value from $340,000 to $233,000 during the reporting period. Recent price declines....

Furniture Company Möbler Design Now Accepts Bitcoin

Bitcoin adoption added another notch to the stick this week when up-and-coming design company, Möbler, announced that it will be accepting Bitcoin payments for its innovative furniture design, corporate interior design and retail design services. Möbler is based in Johannesburg, South Africa,....

Bitcoin to Be Accepted at 260,000 Stores in Japan by This Summer

Only a few days after bitcoin officially became a method of payment in Japan on April 1, two major Japanese retailers have partnered with Japanese bitcoin exchanges to start accepting the digital currency for payments. Bic Camera and Bitflyer. Bic Camera is a major consumer electronics....

Purse Opens Nakamoto's, San Francisco's Bitcoin-Only Retail Shop

Purse.io, a startup that lets consumers buy Amazon items at a discount using bitcoin, has opened a brick-and-mortar store. Called Nakamoto's, the shop is designed to demonstrate that digital currencies can rival other payment methods, offering shoppers significant savings. Purse CEO Andrew Lee....

Pay for groceries with bitcoin via eGifter's new Walmart giftcard

The lives of people attempting to live solely on bitcoin just got much easier, at least in the US. 'Social' gift card seller eGifter has started selling cards for retail behemoth Walmart. eGifter began accepting bitcoin at the beginning of October 2013, and in doing so opened up a new universe....

Leading Japanese Bank Yearns To Enter Fintech Space

The Wall Street Journal reports that Japan’s second-largest bank Sumitomo Mitsui Financial Group (SMFG) is eager to enter the fintech space. Japan has been playing catch-up with other nations who are quickly embracing the financial technology revolution. It was only recently that the....


Quotes

Economists and journalists often get caught up in this question: Why does Bitcoin have value? And the answer is very easy. Because it is useful and scarce.

Eric Voorhees, co-founder of the Bitcoin company Coinapult