Alternative payments growing fast in the UK
UK punters are using more electronic money, but cash is still king on the High Street. In 2012 use of cash for shopping fell 10 per cent - and the rate of decline is accelerating. The big winners are debit cards and newer methods such as PayPal, for online purchases. The numbers come from the British Retail Consortium and show that just over half of all transactions are still carried out in cash - 54.4 per cent. But this is down 6.7 per cent in terms of numbers of transactions and a fall of 9.7 per cent in terms of value - the first time both figures went down in 13 years of collecting....
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Jonathan Levine Gallery, one of the more prestigious art galleries in New York City, is now accepting cryptocurrency payments in the form of Dash (Digital Cash). The choice for digital currency payments was made due to their instantaneous transactions and ease-of-use, compared to dealing with cash payments or bank transfers. The name Jonathan Levine Gallery is renowned in the New York area, as underground art with a unique counterculture point of view takes center stage at this location. Jonathan Levine, the man himself, has made quite a name for himself over the past two decades. His....
Touchless mobile payments are now available to select Circle users. The bitcoin wallet and payment service has integrated near-field communication (NFC), enabling users to transact with its Android App wherever bitcoin and NFC are accepted. Circle is a digital money platform that delivers streamlined, user-friendly functionality similar to that of traditional online payment tools like PayPal or Apple Pay, both key players in the fast-growing mobile payments movement. A growing number of developers in the digital currency space are looking to NFC to simplify and speed up secure payments.....
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"The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships," the job post reads. Global software giant Apple Inc. is recruiting for a new business development manager specializing in alternative payments, signaling that the iPhone maker was gravitating towards digital assets. The new job post for “Business Development Manager – Alternative Payments” was posted to Apple’s careers website on Tuesday. The new hire will be responsible for leading alternative payment partnerships and defining new....
This is quite surprising news, considering how several Bitcoin exchanges in the country have shut down in 2015. Consumers in Canada are looking for alternative payment options, as they seem to grow tired of cash payments. Contactless payments are doing quite well so far, and online payments are booming. But what is of real interest is how the usage of Bitcoin has doubled in 2015. Similar to most countries around the world, Canadian consumers are flocking to cashless payment options. That being said, the usage of cash is starting to decline in the country, albeit it is not going at a fast....