Restrictions On Cash Payments In Israel Prompt Shift To Digital Payments

It's believed that Israel will neither be the first nor last country to impose such measures. Authorities in Israel on Monday has in put in place further restrictions on cash payments as a means to combat illegal activity and spur digital payments in the country. Since January 2019, Israeli businesses and consumers have been subject to limits on cash payments under the Law for the Reduction in the Use of Cash. It’s aimed at shifting the country’s citizens and businesses toward digital payments, allowing authorities to more easily track tax evasion, black market activity, and money....

New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is to improve the fight against organized crime, money laundering, and tax evasion. Critics doubt the law will achieve that. Authorities in Israel Go After Cash Purchases, Introduce Lower Limits Payments of large sums of money in cash and bank checks will be further restricted in Israel by amendments set to take effect on Aug. 1. Tax officials want to further reduce the circulation of cash in the country,....

Prompt.cash, a bitcoin cash noncustodial payment processor, is adding a bunch of interesting functionalities. The payment processor now features a URL shortener that allows users to monetize content on any site on the net. Also, Prompt.cash added Paypal API integrations, making it easier for merchants to test Bitcoin Cash payments seamlessly. Prompt.cash Adds URL Shortener Functionality Prompt.cash, a hosted permissionless bitcoin cash (BCH)-based payment processor, is adding a slew of important updates that extend the functionality of the platform. While the platform launched just three....

The topic of creating a cashless society has been kicked around a few times in recent years, but the major mind shift has not happened just yet. Some industry experts are even wondering whether or not a cashless ecosystem is realistic or not. With so many electronics payments – and digital currencies such as Bitcoin – at the consumer’s disposal, it seems to be a matter of time. There is no denying consumers are slowly gravitating to a world in which cash transactions are becoming less frequent. Even though there is a personal aspect to cash transactions around the world, a lot of consumers....

Bitcoin Cash proponents have recently been introduced to a new noncustodial payment processor called Prompt.cash. The platform provides merchants with a simple way to accept peer-to-peer electronic cash payments and can also generate a new address per invoice. Prompt.cash: A Hosted Noncustodial Payment Processor for Accepting P2P Electronic Cash A number of innovative applications that leverage the crypto asset bitcoin cash (BCH) are on the horizon. In recent times, BCH fans have been introduced to a newly created payment processor called prompt.cash, a platform that allows people to....