WebMoney, Bitcoin, and Off-Shore Banking
The currency trading and transfer system WebMoney announced earlier this month that it is adding bitcoin to its ecosystem. It joins a stable of currencies that includes the Russian and Belorussian Rubles, the Euro, and Vietnamese Dong, as well as gold certificates. By virtue of the currencies it includes, WebMoney's users are primarily located in Europe....
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The Russian payments solution company, WebMoney has announced Bitcoin support to its merchant purses. All Bitcoin payments to be automatically converted and deposited to respective fiat wallets... WebMoney, the Moscow-based Russian online payment solution platform has announced support for Bitcoin. The new feature enables merchants to accept Bitcoin payments from customers who are not signed up on WebMoney. The latest addition, which was launched by the company earlier this week, enables merchants that use “Merchant WebMoney” service to accept payments without having to go through multiple....
New regulation to be enacted in the UK could see Bitcoin exchanges and related services enjoy access to faster payments and considerably increase liquidity as the United States is also considering similar incentives in an attempt to foster emerging payment systems. Legislation published by the Payment Systems Regulator (PSR) requires that “pan GB operators” who are not already subject to specific access requirements to have “objective, risk based and publicly disclosed Access Requirements, which permit fair and open access.” Access to payment systems has been an issue, which has long....
A new start-up company called SpaceBit has announced plans to launch a satellite, carrying a 'Space Vault' into orbit around the earth. This vault will form the basis for a new cryptocurrency bank aptly named 'Space Bank', which is being described as 'the world's first satellite banking platform'. According to an official press release the futuristic new banking service will cater to users of both Bitcoin and Ven (a digital currency used by the social network and publishing platform Hub Culture). The whole idea of a banking service based in space conjures up thoughts of the ultimate tax....
Pontinha-the smallest country in the world, off the shore of Madeira, Portugal-officially recognized Bitcoin as its national currency earlier this week through an announcement by its Prime Minister Joby Weeks. Pontinha is a small island off the shore of Madeira. The island hosts an old Templar Fort that used to belong to the king of Portugal over 100 years ago. Before the fall of the monarchy, he sold the island to a British family of Templar lineage, who held the island in trust for over a century. The British family in turn sold it to a Portuguese art teacher who now goes by the name of....
In March 2016 WireX has released the first two-way bitcoin debit card with a buy bitcoin function. It will allow its users to fund their bitcoin accounts from anywhere via traditional bank transfers as well as alternative payment methods. As it announced in February, WireX Limited aims to become the world’s first hybrid personal banking solution which combines the benefits of blockchain technology with everyday finances, and it has just taken one more step in this direction. Buy bitcoins through PayPal, Yandex, Qiwi and other payment methods. From now on WireX customers can use their....