Bitcoin Payment Protocol Explained

Last week BitPay launched a support platform for the Bitcoin Payment Protocol, working to make Bitcoin payments easier than ever for merchants and users. The payment protocol eliminates much of the human error in completing a bitcoin payment, while providing a streamlined approach to the transaction process. A user can simply click on the payment link or scan the QR-code and offers two payment choices, either 'pay' or 'don't pay,' which means that there is no need to copy the address and amount into their wallet. BitPay's Payment Protocol Support provides multiple solutions that reduce....

On Thursday, at the Converge22 event in San Francisco, Circle announced the acquisition of the payment orchestration company Elements. Circle explained that the acquisition includes plans to “quickly scale payment offerings.” Circle says the new service will make it easier for merchants to integrate their existing points of contact with Circle’s crypto solutions. Circle Reveals New Permissionless Cross-Chain Transfer Protocol at Converge22 This week Circle and a number of other crypto industry heavyweights attended the Converge22 event in San Francisco.....

CoinSpark has released a new version of its protocol that allows users to send private messages tied to bitcoin transactions, effectively allowing its technology to be used for more commercial, notarized transactions. The second major update from the asset transfer protocol launched in September, CoinSpark 2.0 will enable a broad range of applications based on the ability for two parties in a bitcoin transaction or asset transfer to record its purpose. Gideon Greenspan, CEO and founder of Coin Sciences, the company behind the platform, described the upgrade as a way to provide bitcoin with....

NewsBTC recently got the opportunity to speak with Mourad, as he explained how CreditBit - as a digital currency and payment protocol - is looking to provide solutions to Bitcoin's current limitations. Amid the birth and death of many Bitcoin clones, we sometime hear about exceptions that are actually looking to bring innovation to the digital currency space. The current limitations of Bitcoin have open doors for many of such developers. One among them is Mourad Ilyes Mlik, a DevOps engineer at Netis d.o.o., who is also heading the development of CreditBit. NewsBTC recently got the....

Atlanta, Georgia-based BitPay announced support for the bitcoin payment protocol on Friday, which aims to remove a bulk of human error upon making a payment in bitcoin. This will allow users to click on a payment link (or scan a QR code) and the user's wallet software will provide two options: pay or don't pay. This effectively eliminates the need to copy an address and amount into a wallet software, preventing silly mishaps. Streamlined refunds. The Payment Protocol aims to make refunds easy, too. When a user sends their payment, a refund address is included with it (which will fund the....