Merchant-friendly payments: less than perfect, but better than before
Bitcoin is due for an overhaul of its payment mechanism to make it more merchant-friendly, but the core dev team is working with an imperfect system, they say. The basic idea behind the Payment Request initiative is to give Bitcoin a mechanism for sending verified payments directly between people. This doesn't take transactions away from the blockchain, but it does provide an extra layer of security between merchant and customer. It also makes payments more user-friendly. The problem with bitcoin payments. In the traditional bitcoin payment system, bitcoins are sent by manually pasting a....
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Crypto-friendly travel website Travala has announced the integration of a brand-new payment application, Binance Pay. With such a move, the travel booking company becomes the first merchant to implement Binance Pay as a payment form after its launch on Feb. 3. Five Cryptos and One Fiat Currency Will Be Offered in the First Stage of Binance Pay Per the announcement, Travala allows its customers to use the new payment application, still in beta mode, to book travel products. They include hotels, homes, flights, among others. With Binance Pay, Travala’s users will have the option to pay....
The Dutch city of Arnhem — known as Bitcoinstad or “Bitcoin City” — has quickly gained a reputation as one of the most Bitcoin-friendly places with the highest density of Bitcoin merchants in the world. Its recent addition of Burger King as its 100th merchant underscores the local community’s incessant efforts to not only fully accommodate Bitcoin users,....
Bitcoin merchant processor BIPS announced several upgrades to its business this week, including a new relationship with Germany-based Fidor Bank and an integration of the bitcoin payments protocol. Working with Fidor Bank enables the company to offer free Single Euro Payments Area (SEPA) bank settlements to its merchant customer base. According to BIPS, this option was originally available to its customers in Denmark, though the company is focusing on the entire European market. BIPS CEO Hans Heming said the association with Fidor is aimed at offering cheaper bitcoin payments processing to....
There are already plenty of bitcoin payments platforms in existence and Nocks seeks to differentiate itself from the rest by introducing an agile and multi-featured aspect. Dutch entrepreneurs Roel Buerra and Patrick Kivits wanted to come up with a platform that was intuitive to learn and friendly to novices. Nocks is a tool that lets users pay with bitcoin wherever Guldencoin is accepted and vice versa. Guldencoin is another alternative digital currency that has gained widespread adoption in the Netherlands, as it has been accepted in public transport. Bitcoin Payments Features. Nocks has....
Uphold has acquired Bitnet's Bitcoin-based merchant payments solution business to create Uphold Merchant Services. Uphold, the blockchain based online financial platform has announced its acquisition of Bitnet, or at least what’s left of it to create Uphold Merchant Services. Uphold’s deal follows the earlier acquisition of Bitnet’s blockchain IPs by one of its investors, Rakuten. Bitnet has been one of the familiar names in the cryptocurrency industry. The platform has been offering Bitcoin merchant payments services while researching into various other applications of blockchain....