Category: Payments

South Korea’s Biggest Credit Card Patents Blockchain Payments System

South Korea’s leading credit card firm Shinhan Card has been granted a patent for a blockchain payments system, English-language local media The Korea Times reports on July 15. Per the report, with the newly patented technology the company has established a blockchain-powered credit transaction process allowing for setting spending limits, […]

Korea’s Biggest Credit Card Firm Wins Patent for Blockchain Credit System

Shinhan Card, South Korea’s top credit card company, has been granted a patent for a blockchain payment system. As reported by The Korea Times on Monday, the Shinhan Financial Group affiliate said it has developed a “world-first” service based on blockchain technology that offers credit card functionality, including setting spending limits, making […]

Miami Dolphins to Endorse Litecoin as Team’s Official Cryptocurrency

American professional football team the Miami Dolphins announced that Litecoin (LTC) is now the team’s official cryptocurrency, according to a press release on July 11. The Miami Dolphins and Litecoin have also partnered with Aliant Payments, a crypto merchant services and payment processing firm, to enable crypto payments for the […]

Bank of English Governor on Libra as a Solution to Financial Problems

Bank of England governor Mark Carney said that people need to acknowledge the issues Facebook is attempting to solve with Libra, regardless of the project’s potential downsides. Carney delivered his remarks at the Financial Stability Report press conference as seen on the Bank of England’s YouTube channel on July 11.  […]

CBDCs Hold No Interest Without Full Anonymity: Banxico Deputy Governor

Central bank digital currencies (CBDC) will not hold much interest for the general public unless they provide full anonymity, the deputy governor of Mexico’s central bank has argued. The executive’s remarks were published by the Bank for International Settlements on July 11. Javier Calafell, deputy governor of the Bank of […]

Bitcoin Startup Brings Lightning Network Payments to Amazon, Whole Foods

United States-based payments startup Fold has made Lightning Network (LN) payments possible at Amazon, Starbucks, Uber and other big name retailers. The news was revealed in an official blog post published on July 10. As previously reported, the Bitcoin (BTC) Lightning Network is a second-layer solution to bitcoin’s scalability limitations, […]

Crypto Payment Platforms Offer Working Examples — Competition Heats Up

Once seen by the mainstream zeitgeist as a fringe technology destined to languish on the outskirts of society, cryptocurrency today is alluring many leaders of the fintech sector by offering companies the prospect of being at the forefront of the largest financial revolution of the past century. With mainstream society […]