Bitcoin is far too volatile to classify as money, and likely never will serve that purpose. However, it’s still useful.
Not a week goes by without conflicting reports regarding Russia’s stance on cryptocurrency. The most recent statement by deputy finance minister Alexey Moiseev has the community riled up again. More specifically, he claims cryptocurrency payments will be prohibited in the country soon. That seems a bit strange, considering the country is warming up to Bitcoin. […]
A well-known gold dealer headquartered in London is now accepting bitcoin payments for its precious metal products.
Spending Bitcoin in its original form remain pretty difficult these days. Very few service providers and physical retailers accept BTC. In Nebraska, lawyers may soon start experimenting with cryptocurrency payments. The state legal ethics board approved the request from one lawyer to accept Bitcoin. It is expected several others will follow his example over the […]
A major supermarket chain in South Africa, Pick n Pay, has started a trial to accept bitcoin payments in-store at its head office location. A payment technology company named Electrum provides the payments platform, with bitcoin exchange Luno providing the Bitcoin payment infrastructure. Also read: Five Leading Russian Universities Start Offering Cryptocurrency Courses Pick n Pay […]
The municipality of Chiasso in Switzerland will start accepting tax payments in bitcoin next year, according to a report.
Mainstream adoption of Bitcoin as a payment method could embolden criminals to use it to their own ends.
Over 5,000 retail stores and restaurants across Japan that currently accept bitcoin payments may suspend bitcoin use in their stores on August 1 if their bitcoin payment processors halt services. Also read: 13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1 Retail Stores May Suspend Bitcoin Payments Ever since the Japanese government started […]
A fintech startup in the UK is launching a suite of cryptocurrency services following the completion of a $66m Series B funding round. Source
Following a successful trial, the Japanese consumer electronics retailer is expanding its bitcoin payment option to all stores nationwide. Source
The Southeast Asian travel agency, Smiling Albino, announced they would begin accepting bitcoin for payment on August 1. The company is based out of Bangkok, Thailand. They work with clients to provide specialized and tailored traveling throughout Southeast Asia. They will accept bitcoin transactions for organizing customized travels in Thailand, Cambodia, Vietnam, Laos and Myanmar. The […]
A large dining establishment in the center of Moscow reportedly became the first restaurant to accept bitcoin payments in Russia’s capital city on Tuesday, according to local media outlets. Valenok is part of the Novikov Group, which owns over 50 restaurants and franchises. Now the company is considering installing bitcoin ATMs as well. Also read: Bitpoint […]
Bitpoint has recently partnered with Peach Aviation to provide bitcoin payment tech to the company, and now plans to do the same at “hundreds of thousands of Japanese retail outlets.” Also read: Bitcoin to Be Accepted at 260,000 Stores in Japan by This Summer From Peach Aviation to 100,000+ Stores Peach Aviation Ltd announced last week that […]
Payza on Monday announced the addition of a wide range of bitcoin services. The company also claims to be the first ewallet provider “to treat bitcoin like any fiat currency.” Merchants can now hold bitcoin in their accounts instead of having them automatically converted into fiat currencies. Furthermore, bitcoin payments are protected by Payza’s Resolution […]
Japan’s consumer electronic retail giant Bic Camera officially began accepting Bitcoin payments on Friday at two of its stores in Tokyo. 28 media crews reportedly gathered to cover the premier event. Bitflyer which processes Bitcoin payments for the stores has also launched a campaign to give away bitcoin to shoppers using its wallet. Also read: Bitcoin […]