Industry Chief: Payments Firms Warming to Bitcoin Partnerships
Due to bitcoin's perceived benefits as a more efficient and less costly alternative to traditional payment options, many in the digital currency industry view incumbent payment service providers as antiquated competitors - firms that will be disrupted out of business when the technology matures. Now, at least one notable payments industry trade association indicates that its members may be recognizing that bitcoin possesses this disruptive potential, and that this may soon lead to a rise in partnerships between traditional electronic payments providers and bitcoin startups. In an interview....
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Prior to Isabel accepting Bitcoin, Portland, Oregon has been very slow to integrate Bitcoin into businesses within the city, much slower than many cities that are smaller in size. Isabel is well known for their unique menu, superb breakfast items, and the micro brews available on tap. Isabel is among the first of quality sit down restaurants to integrate Bitcoin payments as an option to patrons. Isabel partnered with Bit Consultants, a company that educates and trains individuals and stores to accept Bitcoin payments. Bit Consultants uses BitPay to allow clients to accept Bitcoin payments.....
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Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators' new requirements. South Korea is heading into a new period for its crypto industry, with stringent new rules coming into effect on March 25 that will require all cryptocurrency businesses to comply with new crypto reporting regulations and registration rules.As an article from the Korea Herald outlines, industry experts fear that the impact of the new measures — specifically, the incoming Specific Financial....
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