U. S. Air Force Building Bitcoin Payment Gateway

Jed McCaleb, the founder of MT Gox, Ripple and e-Donkey, has finally revealed his much anticipated Secret Bitcoin Project. Stellar, a new payment protocol and currency, aims to bridge the gap between cryptocurrencies and fiat by allowing easy and instant exchanges between currencies. The payment protocol, much like Ripple, is based on gateways, which act as banks, holding their user's currency in return for an IOU. An IOU, of say Bitcoin, can then easily be exchanged for an IOU of say USD, via Stellar's inbuilt decentralized exchange and without the gateway taking part. The holder of the....

KinerjaPay, the leading e-commerce and payment gateway solutions provider in Indonesia has partnered with Bitcoin Indonesia to offer bitcoin payments option to its customers. Customers in Indonesia can now pay online with bitcoin as the country’s leading payment solutions provider KinerjaPay has added the digital currency as one of the payment options on its platform. KinerjaPay, in a recent press release, has announced its partnership with Bitcoin Indonesia to facilitate the Bitcoin option for its merchant partners. Apart from offering payment gateway solutions to online merchants,....

Ripple Inc., payment gateway for hundreds of assets and digital currencies has announced the closure of btc2ripple gateway for all US residents starting September 1, 2015. Btc2ripple gateway is one of the hundreds of gateways on the Ripple Trade platform which is used to purchase or trade BTC to XRP (Ripple's IOU). On September 1, Ripple will shut down the btc2ripple gateway for all U. S. residents, which will disallow any Americans from purchasing or depositing BTC using Ripple Trade accounts. Btc2ripple is operated by a Lithuanian company UAB SKV3, located in Vilnius. The decision to....

Czech capital city Prague confirms its position as one of the most important Bitcoin hubs in Europe. The local leading payment gateway GoPay.cz has just announced that they’ve hopped on the bitcoin bandwagon and offer more than 2000 merchants to accept digital currency now in co-operation with another rising Czech bitcoin start-up, BitcoinPay. GoPay's manager for customer service support Roman Valenta told to Cointelegraph: It’s faster, easier and global. The difference between an old banking technology and a superior technology is also in fees according to Alireza Beikverdi, the....

Creators of the Ripple payment protocol, Ripple Labs, have been elected to the Federal Reserve's Faster Payment Task Force Steering Committee. The Fed created the Faster Payment Task Force earlier this year to tackle the challenge of upgrading the United States' outdated payment infrastructure, which lags behind Europe, and, in some cases, emerging markets such as China. The committee will help execute and discuss a payment strategy laid out by the Fed earlier this year. The central bank's main goal is upgrading the country's domestic payment system used for e-check settlement, called the....