Bitcoin Friendly Stripe To Allow Cuban Nationals To Incorporate U.S. Businesses & Open U.S. Bank Accounts
Stripe, a San Francisco, Calif.-based mobile payments startup that allows merchants to accept bitcoin, has announced that its Stripe Atlas service will be available to businesses in Cuba in conjunction with President Obama’s trip to Havana this week. Stripe users, including Atlas, can accept bitcoin along with credit cards, Android Pay, Alipay and 135 currencies. Stripe Atlas will allow Cubans to establish online businesses. Stripe Atlas will give Cuban entrepreneurs access to an incorporated U.S. business entity, a U.S. bank account for the newly-created entity, and a Stripe account to....
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But only for vendors, so retail users will have to wait. Online payments giant and Cash App owner Stripe is stepping into a new realm of financial services for vendors.Per a Wall Street Journal exclusive on Thursday, Stripe is looking to offer customers bank accounts and debit cards. However, these financial products will be limited to vendors and merchants for now.The new initiative will also involve collaboration with banking giants Goldman Sachs and Citi, which is part of a broader push from both to incorporate online business services and new technologies. In 2015, Stripe was an early....
Payments processor Stripe is teaming up with banks like Goldman Sachs, Citigroup, and Barclays to provide checking accounts and other banking services, reports the Wall Street Journal. See also: Stripe to Pay $120,000 in PlexCoin ICO Settlement With Massachusetts Attorney General
Stripe has launched its bitcoin payments integration following nearly a year of testing. With the launch, Stripe is now allowing any merchant in its network with a US dollar bank account to accept bitcoin. Integration for merchants is made possible through either its API or as part of its Checkout feature. A representative for Stripe told CoinDesk that its beta test had delivered promising results, and as part of the testing merchants within Stripe's network received both domestic and international payments. The spokesperson noted: "While in beta, Stripe merchants accepted bitcoin....
George Osborne, the UK's Chancellor of the Exchequer, has to resolve the problem of getting a bank account in the United Kingdom for Bitcoin-related companies. UK banks are currently refusing BTC businesses to open standard banking accounts. Thus, even if Bitcoin startups have FCA support and are licensed, they are still unable to operate without a traditional bank account. BTC market experts expect George Osborne to act after the announcement to support digital currencies-friendly regulations was made during the Bank of England's Open Forum on November 11. George Basiladze, the CEO of....
Santander Bank, the $90 billion Spanish financial institution and banking group, recently began to close accounts of users involved with bitcoin trading. According to U.K.-based bitcoin trading firm Bittylicious, customers of Santander Bank received official letters of account termination almost immediately after utilizing their bank accounts to purchase or sell bitcoin. Since mid-2015, major banks and financial service providers in countries including the U.S. and Australia have singled out customers and businesses involved with bitcoin trading or operations. In September of 2015, Rod....