Search: Bitcoin Retail Payments

Bitcoin Missing Out as UK Retailers Move Away From Cash

UK retailers are exploring alternative payment options and moving away from traditional cash payments due to relatively high costs, according to a new survey compiled by payments provider Sage Pay. The company's research reveals that UK retailers now spend a whopping £17.8bn (almost $30bn) a....

FCA Bans Sale of Cryptoderivatives to Retail Consumers in UK

The FCA has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of cryptoassets to retail consumers. The FCA said it considers these products to be ill-suited for retail consumers due to the harm they pose, asserting these products....

Billion Dollar Mexican Retail Company Famsa Accepts Bitcoin

Grupo Famsa, one of the largest household appliance-, electronic products- and consumer products-focused retail company in Mexico has begun accepting bitcoin payments with a partnership with BitPay, a leading bitcoin payment processor. Mexican bitcoin exchange Bitso shared the news on its....

The Impact of Instant SEPA Transfers on European Bitcoin Exchanges

A few days ago, the European Central Bank announced how instant payments will become possible throughout all of Europe by November 2017. To make this idea become a reality, the Euro Retail Payments Board will partner with the European Payments Council to create a scheme enabling instant payments....

Pay with a PIN on Pinn Platform

The payment processing start-up, Pinn has topped the retail segment of the recently concluded Plug and Play accelerator cohort demo day. Founded by Will Summerlin and Nick Auriana with Kyle Crews as a lead engineer, the company enables bitcoin and fiat payments for merchants. Pinn's unique point....

What Does Future Hold for Apple Pay?

Apple recently announced that it is going to extend its Apple Pay service to United Kingdom. Apple Pay is a mobile wallet and payment system launched late last year. In spite of the usual Apple's way of presenting things along with relevant technical components, enabling contactless and in app....

French Retail Chain Monoprix to Accept Bitcoin Payments This Year

Major French retail chain Monoprix is making plans to start accepting bitcoin payments on its merchant website this year, according to the company's director of e-commerce, Patrick Oualid. Oualid made his comments in an interview published yesterday (8th April) on French news site JDN. When....

Pinn Wins Top Prize for Hands-Free Bitcoin Payments App

Payments startup Pinn placed first in the retail category at Plug and Play demo day last week for a unique point-of-sale (POS) solution that enables bitcoin and fiat payments without the need for a smartphone or wallet. The accelerator featured a number of bitcoin and blockchain startups in its....

Bullish or bearish? PayPal hosts $242M in crypto trading over 24 hours

Daily crypto volume on payments giant PayPal have surged to record highs above $240 million. Global payments provider PayPal has doubled its previous crypto volume record, with $242 million worth of digital assets changing hands on the platform during Jan. 11.According to crypto market data....

The Retail Sector Foresees the Rise of Bitcoin by End of Decade

Bitcoin is expected to play a major role in the retail sector by the end of this decade, shows a survey conducted by Infomentum. The results of the survey was published in the report - Beyond Digital. The retail industry is one of the largest sectors in the world. The process of buying and....

PayPal Here Chip Card Reader Takes Swipe at Bitcoin?

Online payments giant PayPal recently launched a new product called PayPal Here Chip Card Reader which allows merchants to accept various forms of digital payment such as Apple Pay, Android Pay, and EMV-enabled cards. It is available for US retailers, in-store merchants, and customers. The....

PayPal, Square, Others Crucial In Driving Bitcoin 70% Higher in a Month

According to Pantera Capital, one of the biggest funds in the crypto fund, the recent rally has been driven by the influx of retail investors buying Bitcoin. Per their projections, PayPal users alone may soon acquire more Bitcoin than there are being mined. Not only is retail interest in Bitcoin....

KPMG: Bitcoin a Threat and Opportunity for Retail Banks

Big four' auditing firm KPMG has published a report identifying bitcoin as both a threat and an opportunity to the banking sector. The report, titled The Changing World of Money, outlines the factors threatening established retail banks, whilst discussing the potential of cryptocurrencies as....

UK's FCA bans retail crypto derivatives after year-long consideration

CoinShares' pleas last year went unheard as crypto futures and ETNs will be soon banned. In a landmark decision issued on Tuesday by the U.K.’s Financial Conduct Authority, companies in the country will no longer be able to offer cryptocurrency derivatives products such as futures, options and....

Bitcoin in Business: Why don’t most Businesses Accept Digital Currency?

Bitcoin is in a unique place right now, it has the ability to help businesses increase their revenue and decreases transaction fees paid for point-of-sale transactions. Many businesses have started to accept Bitcoin payments for goods and services, but many still don’t — despite the number of....

Bitcoin Accepting Payment Platform Adyen Doubles in Revenue

Bitcoin accepting Amsterdam-based payments technology provider Adyen BV has expanded their next generation point of sale solutions to U.S merchants, after the firm reported its doubled annual revenue in 2015. If the firm successfully secures multiple partnerships with the country’s leading....

Rumours of BTC China Deal with Chinese Retail Giant Suning 'Are False'

The bitcoin community has been abuzz about news that Chinese retail giant Suning is in talks with BTC China, the world's largest bitcoin exchange by volume, about integrating bitcoin payments into the retailer's e-commerce platform. But Bobby Lee, BTC China's founder, says the news is not....

Blockchain Rolls Out Bitcoin Payments App for Merchants

Blockchain.info has launched a new payments app designed specifically for merchants. Blockchain is by far the most popular bitcoin wallet and just two months ago the company reached its one million milestone. However, its new offering is a very different beast. The Blockchain Merchant app is....

ECB to consider further digital euro study in 2021

The report is only the start of the discussion and raises more questions before officially studying the digital euro. The European Central Bank (ECB) could begin seriously considering and studying the digital euro by mid-2021, the bank said in a report released Oct. 2. The report examined how a....

China to Become World’s Largest Retail Market Thanks to Ecommerce

New data coming from eMarketer’s latest worldwide retail forecast shows that this year, China will manage to surpass the US and become the world’s largest retail market, with sales of over $4.886 trillion, compared to the average sum of $4.823 trillion in the US. Due to Asia’s growing number of....