Industry Report: The USPS Does Digital Currency
The United States Postal Service (USPS) and the blockchain join hands; Mt. Gox creditors aim to get what’s theirs, and Swift gets slowed down by bank breaches. Want to see what you’ve been missing in digital currency news? Take a gander at the stories below: USPS. Are the United States Postal Service and the blockchain the digital world’s new power couple? According to a new report, that’s how things appear. Titled, “Blockchain Technology: Possibilities for the U.S. Postal Service,” and authored by consulting firm Swiss Economics, the report states that: “The Postal Service could benefit....
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The United States Postal Service (USPS). Long lines, irate clerks, and the absolute last resort if FedEx and UPS aren't viable solutions. But perhaps also a bitcoin exchange? The USPS Office of Inspector General held a webinar some days ago discussing the topic of possible virtual currency exchange roles for existing USPS stations around the country - giving people a physical place to go to acquire digital money. Our friends at CoinDesk put together a great report - you should read it, if you have the opportunity. It's abundantly clear the postal service is struggling to stay relevant in....
While the New York Department of Financial Services (NYDFS) successfully monopolized media attention last week by assembling a cast of bitcoin A-listers at its regulatory hearing, it wasn't the only government agency to explore virtual currencies in a way that could impact the global community. On 29th January, the US Postal Service (USPS) Office of Inspector General (OIG) held a webinar on virtual currency attended by representatives from the Universal Postal Union (UPU) and World Bank that sought to "explore the possibility" of a "potential role" for bitcoin at post offices around the....
The ATM Industry Association (ATMIA) has published a report titled "An Introduction to Bitcoin ATMs", providing the industry's first in-depth view of bitcoin and its implications for the ATM world. The ATMIA commissioned the report, which was written by Tremont Capital Group, a leading consulting firm specializing in the ATM industry. "We've been asked as an industry body to comment on the significance of bitcoin and digital currencies to the ATM and cash industries," said Mike Lee, the association's CEO. "This paper is our first report of many which will enable us to draw some logical....
Mercator Advisory Group has published a research note on global bitcoin regulation, making it the latest established name in the financial industry to release a report on bitcoin. The note, titled 'Global Digital Currency Regulations: Divergent Paths', examined trends in digital currency regulation and concluded that industry development is currently hampered by a lack of regulatory consistency. "The global payments industry has been taken aback by the rise of the new payment technology represented by bitcoin and other digital currencies, which at its core has the potential to radically....
Roughly six months after the launch of the world's first bitcoin ATM, this sector of the bitcoin industry has expanded dramatically, with more than 15 manufacturers competing for prime installation space in major cities and commerce centres around the globe. However, a new report from the Electronic Funds Transfer Association (EFTA) and the ATM Industry Association (ATMIA) suggests that these entities could soon have powerful new competition in the market, competition that would potentially further accelerate bitcoin adoption in a way that the digital currency's own native businesses may....