Category: Payments
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Alby Releases Alby Go, A Mobile App For Self-Custodial Bitcoin Lightning Payments
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Alby today announced the launch of Albie Joea mobile app available for iOS and Android that allows users to make self-custodial payments via their Lightning node. Users can connect the app to Lightning nodes and wallets including: Albi CenterUmbrel, Start9, LifPay and CoinOS to enable self-custodial payments via Lightning. The…
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Alby Releases Alby Go, A Mobile App For Self-Custodial Bitcoin Lightning Payments
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Alby today announced the launch of Albie Joea mobile app available for iOS and Android that allows users to make self-custodial payments via their Lightning node. Users can connect the app to Lightning nodes and wallets including: Albi CenterUmbrel, Start9, LifPay and CoinOS to enable self-custodial payments via Lightning. The…
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Canada Moves Away From Retail CBDC, Shifts Focus To Broader Payments
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In a major shift, Canada’s central bank, the Bank of Canada, has decided to Advertise The Canadian government has announced that it is scaling back its work on a retail central bank digital currency (CBDC) and shifting its focus to broader payments systems research and policy development. The decision comes…
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Canada Moves Away From Retail CBDC, Shifts Focus To Broader Payments
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In a major shift, Canada’s central bank, the Bank of Canada, has decided to Advertise The Canadian government has announced that it is scaling back its work on a retail central bank digital currency (CBDC) and shifting its focus to broader payments systems research and policy development. The decision comes…
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Safer, smoother payments can be AI’s ‘killer app’
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Disclosure: The opinions and ideas expressed here belong solely to the author and do not represent the opinions and views of the crypto.news editorial board. More than $200 billion expected AI technology is expected to flow into the global AI industry by 2025 – nearly five times present GDP of…
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Ethereum Is Not The Best Solution For Payments, Says PayPal’s Head Of Crypto — Here’s Why
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Ethereum (ETH) is not the best solution for payments, said Jose Fernandes da Ponte, vice president of Blockchain, Crypto and Digital Currencies (BCDC) at PayPal. Ethereum is not suitable for payment purposes. to talk At the Solana Breakpoint 2024 conference, Ponte drew attention to Ethereum’s inability to handle large transaction…
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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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Banks to gain new powers to freeze large payments for fraud checks
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UK banks are soon set to get new powers to freeze large payments for up to four days as part of updated fraud prevention measures due to come into force this autumn. The changes come ahead of a new anti-fraud regime coming into effect on October 7, which will require…
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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.…