Search Results for: digital payments
Swedish Bank Joins Bitcoin Processor’s $4 Million Series A
August 5th, 2016
Swedish banking giant SEB Group and a Danish venture capital firm have invested $4m in Coinify, a digital currency payment processor based in Copenhagen. The Series A round included support from SEB as well as SEED Capital Denmark, an early-stage venture firm ...
Could bitcoin change the game in Africa?
August 4th, 2016
In the wildest of claims, bitcoin – the virtual paperless and stateless currency transacted on the borderless internet – was going to tear apart traditional money transfer companies and help alleviate poverty. Accessing the multibillion-dollar remittance flows to Africa certainly has ...
Bitcoin Startup Founder Resigns Board Position Amid Fraud Charges
August 1st, 2016
The former executive chairman of a publicly listed Australian digital currency startup has been indicted by the US government for his alleged involvement in a fraudulent text messaging scheme. Zhenya Tsvetnenko was among three parties named in a superseding indictment ...
Is this the end of Bitcoin anonymity? EU plans database of Bitcoin Users
July 28th, 2016
The European Commission is proposing the creation of a database that will hold information on those using virtual currencies and that will record data on the users’ real-world identity, along with all associated wallet addresses. This is the first proposal ...
The Central Bankers’ Bold New Idea: Print Bitcoins
July 20th, 2016
When it comes to bitcoin and digital currencies, central banks might be considering the adage: “If you can’t beat them, join them.” In a research paper published on Monday, economists at the Bank of England advocated that central banks issue their own ...
Western Union Business Solutions expands to seven new markets
July 18th, 2016
Western Union Business Solutions, a business segment of The Western Union Company (NYSE:WU) and a leader in global payment services, today announces enhanced capabilities to its WU® EDGE digital trading platform, including expansion of the platform’s fee-free* network, and availability into ...
The new cashless way to pay; Just use your fingernails
July 18th, 2016
It was only a matter of time before fashion became technologically useful. An English fashion student has single-handedly found a solution for commuters who forget their Oyster cards (the London version of an EZ-link card): Acrylic fingernails that allows ...
Mobile phone payment Seamless acquires MeaWallet AS
July 14th, 2016
Seamless Distribution AB (publ) (”Seamless”) acquires the Norwegian technology company MeaWallet AS (“MeaWallet”). The purchase price amounts to approximately SEK 42,8 million and payment is made through an issue in kind of 4,574,328 new shares in Seamless. Through the ...
Evaluating the EU’s New Definition for Virtual Currencies
July 11th, 2016
The European Commission this week adopted a legislative proposal meant to bring virtual currency exchanges and custodian wallet providers under the scope of the EU’s Anti-Money Laundering Directive. This step should have been expected, as it has been clear that ...
Could Berlin Steal London’s FinTech Capital Throne?
July 8th, 2016
As the Brexit fallout continues, it looks as though Berlin may be stepping up to replace London as Europe’s top FinTech capital. With the U.K. making its monumental decision to exit the European Union last week, The Financial Times reported today (July 7) that Germany ...
