Lord & Taylor's Pounce Trial Could Be First Step in Bitcoin Plans
A few months have passed since Overstock became, arguably, the most high-profile retailer to accept bitcoin. While only a handful of major brands have followed Overstock's lead, that doesn't mean its decision isn't having an impact. As evidence, Ryan Craver, senior vice president of corporate strategy at Hudson Bay Co., told CoinDesk that Overstock's continued bitcoin sales were a key reason he decided to test the waters with bitcoin, albeit through a business partner. On 10th March, it was revealed that Hudson Bay Co., which operates major brands like Lord & Taylor and Hudson's Bay, would....
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Shopping at Target, Best Buy, and other retailers using bitcoin may have just gotten a whole lot easier. One-tap shopping app Pounce has teamed up with Coinbase in order to allow consumers to complete their purchases using the digital currency, opening their doors to a whole new customer base. Other retailers users can buy from include Lord & Taylor, Toys
London-based blockchain and fintech startup GovCoin Systems Ltd., has been chosen by the UK Department for Work and Pensions to trial a new blockchain-based trial for welfare payments. In a press release today, it is revealed that the United Kingdom’s Department for Work and Pensions has an ongoing proof-of-concept trial where welfare payments are being recorded on a distributed ledger or blockchain. The trial commenced in last month in June, with the aim to develop a more effective and tamper-proof technology to be adopted by recipients of the welfare system. The trial also sees the....
The tiny Pacific nation of Tonga could have Bitcoin as legal tender by Q2 and Bitcoin mining by Q3 of 2023. Lord Fusitu’a, a former member of the Tongan parliament, has shared a timeline for the country’s plan to adopt Bitcoin (BTC). A Tongan nobleman, Fusitu’a had previously disclosed the four-step plan, a copy of the Salvadoran Bitcoin playbook.Step one is remittance, two is legal tender, three is Bitcoin mining, and four is moving national treasuries into Bitcoin, effectively upgrading the nation onto a Bitcoin standard. During a Twitter spaces conversation, Fusitu’a shed light on steps....
A former lawmaker from the island nation wants to use Bitcoin to secure his country’s financial security. A former member of the Tongan Parliament is behind a proposal to make Bitcoin (BTC) legal tender in the tiny Pacific nation of Tonga, following in the footsteps of El Salvador. It’s due for a vote in Parliament in May and the early signs are encouraging.Mataʻiʻulua ʻi Fonuamotu, Lord Fusitu’a told Cointelegraph that plans are in motion to use state-run volcano mining facilities to create wealth in Tonga. Tonga has 21 volcanoes. “That means one volcano for every 5,000 people.” He owns....
The European Parliament is set to quiz several nominees for European Commission posts this week, including Britain's Lord Jonathan Hill, who is scheduled to appear before parliament today. Notably, Lord Hill is expected to discuss digital currencies during his appearance. Lord Hill, the commissioner-designate for the Financial Stability, Financial Services and Capital Markets Union portfolio, has already attended one hearing, which took place last week. At that hearing, Hill and another designate were posed a number of questions from lawmakers and committees, submitted by Martin Schulz,....