Category: Payments
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Government targets large firms in crackdown on late payments to small businesses
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The UK government is set to introduce new measures aimed at tackling the problem of late payments by large companies to small businesses, which contributes to the collapse of 50,000 small and medium-sized businesses every year. On average, late payments cost small businesses £22,000 a year, according to research by…
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Banks switch to upgraded system for large payments
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Banks and microfinance banks have begun testing the updated system for sending high-value financial transactions to speed up transfers while tightening screening for fraud. Banks on Monday began testing the updated system that incorporates ISO 20022 — a global standard for exchanging electronic messages between financial institutions using standardized messaging…
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Bitcoin’s Future in Payments: Overcoming Stablecoin Dominance with Fiatless Fiat
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Stablecoins have so far dominated the crypto payments market, but some Bitcoin developers believe there is a proposal that could offer a legitimate alternative. Seven years ago, Dorier, a veteran developer, set out to democratize Bitcoin payment processing by launching a free, open-source alternative to the then-dominant BitPay software: BTCPay…
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Bitcoin’s Future in Payments: Overcoming Stablecoin Dominance with Fiatless Fiat
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Stablecoins have so far dominated the crypto payments market, but some Bitcoin developers believe there is a proposal that could offer a legitimate alternative. Seven years ago, Dorier, a veteran developer, set out to democratize Bitcoin payment processing by launching a free, open-source alternative to the then-dominant BitPay software: BTCPay…
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Why all B2B Businesses should embrace digital payments
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With so many payment methods, both in-store and online, consumers now expect this level of choice in every aspect of their lives – and we’ve seen B2C companies adapt and meet this. But this level of adaptation cannot be said so quickly about the B2B sector, which has been slower…
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Why all B2B Businesses should embrace digital payments
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With so many payment methods, both in-store and online, consumers now expect this level of choice in every aspect of their lives – and we’ve seen B2C companies adapt and meet this. But this level of adaptation cannot be said so quickly about the B2B sector, which has been slower…
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India’s shrinking balance of payments surplus keeps rupee near record lows By Reuters
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Written by Nimesh Vora MUMBAI (Reuters) – India’s rupee held near an all-time low on Thursday despite intervention by the country’s central bank, with traders and analysts expecting continued pressure on the currency due to a shrinking balance of payments surplus. The rupee was at 83.9750 against the US dollar,…
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Lightspark Introduces Instant Bitcoin Lightning Payments for U.S. Businesses with New Feature
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Lightspark, the leader in Bitcoin Lightning Network payments, It was announced Launching Lightspark Extend, a new solution that allows businesses to facilitate instant payments via Lightning for eligible account holders in the US. ? Now Available: Lightspark Extend connects Lightning to eligible US account holders in real-time. With Lightspark Extend,…
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Tim Draper Invests in Ark Labs to Make Bitcoin Payments Easier
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Ark is one step closer to turning its Bitcoin scalability proposal into reality. After a year of research focused on improving the reference implementation, Ark Labs today announced the completion of a $2.5 million seed funding round led by Tim Draper and his firm Draper Associates. While the technical feasibility…
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Tim Draper Invests in Ark Labs to Make Bitcoin Payments Easier
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Ark is one step closer to turning its Bitcoin scalability proposal into reality. After a year of research focused on improving the reference implementation, Ark Labs today announced the completion of a $2.5 million seed funding round led by Tim Draper and his firm Draper Associates. While the technical feasibility…
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Silent Payments Are Coming To Better Protect Bitcoin Users
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Bitcoin continues to revolutionize the digital age by allowing people to transact with each other without the need for a third party. Bitcoin Magazine covered the topic of silent payments over two years ago to highlight one of Bitcoin’s shortcomings: privacy. Privacy was an issue then and it still is…
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Silent Payments Are Coming To Better Protect Bitcoin Users
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Bitcoin continues to revolutionize the digital age by allowing people to transact with each other without the need for a third party. Bitcoin Magazine covered the topic of silent payments over two years ago to highlight one of Bitcoin’s shortcomings: privacy. Privacy was an issue then and it still is…
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Agios to receive $1.1B in milestone payments for vorasidenib approval (NASDAQ:AGIO)
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study Agios PharmaceuticalsNASDAQ: AGIWAmerican drugmaker ABM said it will receive $1.1 billion in milestone payments after the U.S. Food and Drug Administration approved its drug furasidinib to treat malignant brain tumors. The biotech company said it will receive $905 million from Royalty Pharma in connection with its recent royalty agreement.…
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El Salvador Suggests Crypto Payments For Trade With Russia
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In a bold move to navigate a complex web of global sanctions and financial restrictions, El Salvador has emerged as a pioneer in the world of crypto diplomacy. The Latin American nation, known for its pioneering adoption of Bitcoin as legal tender, has now set its sights on forging a…
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Reeves scraps winter fuel payments for 10M pensioners to fund public sector pay rise
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Rachel Reeves will scrap winter fuel payments for 10 million pensioners to help fund huge public sector pay rises. The Chancellor has announced plans to save £5.5bn this year, addressing a £22bn deficit in the public finances left by the previous government. Most of the savings will be used to…
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HSBC Australia To Block Crypto Payments From 24 July 2024
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In a move that sent shockwaves through the cryptocurrency community, HSBC Australia, one of the country’s leading financial institutions, has announced that… Advertise A blanket ban on all payments to cryptocurrency exchanges. From July 24, 2024, the bank will automatically reject any transactions it believes are linked to digital assets,…
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Ferrari To Accept Bitcoin and Crypto Payments In Europe
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Ferrari, a luxury sports car manufacturer announced that it will expand Ferrari has announced that it will be accepting payments in bitcoin and cryptocurrencies at its European dealerships starting this month. The move comes after Ferrari first began accepting bitcoin and cryptocurrency payments at its U.S. dealerships last year. Urgent:…
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Ferrari To Accept Bitcoin and Crypto Payments In Europe
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Ferrari, a luxury sports car manufacturer announced that it will expand Ferrari has announced that it will be accepting payments in bitcoin and cryptocurrencies at its European dealerships starting this month. The move comes after Ferrari first began accepting bitcoin and cryptocurrency payments at its U.S. dealerships last year. Urgent:…
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Russian duo confess to cyber heist that forced $500 million in ransom payments
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Two Russian nationals have pleaded guilty to their roles in ransomware attacks in the United States, Asia, Europe and Africa on behalf of the notorious hacking gang known as LockBit. Ruslan Magomedovich Astamirov And Mikhail Vasiliev They admitted to helping spread the ransomware variant, which first appeared in 2020. It…
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Alchemy Pay Integrates Chiliz Chain, Unlocking Fiat-Crypto Payments For Sports Fan Tokens
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In the rapidly evolving world of blockchain and cryptocurrencies, the convergence of traditional finance and digital assets has become increasingly important. One such notable integration set to revolutionize the sports and entertainment industry is the partnership between Chemistry pushthe leading crypto and fiat payment gateway, and Chiliz, the leading blockchain…