Search Results for "b2b transactions"
Wales Eyes Own Digital Currency for Speedy Business Transactions
Wales has set its eyes on creating a complementary digital currency. It has been speculated that it could enhance the nation’s economy by approximately £250m in the next ten years.
US Treasury Department Proposes New KYC Requirements for Cryptocurrency Transactions
The U.S Treasury Department has released a notice concerning a new rule that would require money services businesses and banks to verify identities, keep records, and submit reports of users holding crypto assets in unhosted wallets.
New Ride-Hailing App to Transform Payments by Offering Blockchain Direct Transactions
Bayride has revealed RideNode, a new transportation virtual and blockchain currency that seeks to transform the payment structures in this sector. America’s ride-hailing industry is touted to be revolutionized because RideNode will offer direct transactions between the service provider and consumers.
Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions
The Australian government is piloting a blockchain database to find out its viability on conveyancing transactions.
Venezuelan President Maduro Leveraged Cryptocurrency to Conceal Drug Ring Transactions According to US DOJ
Venezuelan President Maduro and 14 other high-ranking Venezuelan officials have been charged for their alleged involvement in a multibillion-dollar cocaine trafficking ring that the the DOJ claimed wreaked havoc on American communities by flooding the markets with cocaine for over 20 years. According to Homeland Security Investigations (HSI), the Venezuelan officials had leveraged cryptocurrency in an attempt to mask their money trail on their alleged crimes
China's DCEP Testing Limited to Small Retail Transactions for Now
The People’s Bank of China (PBOC) has affirmed that the testing of its CBDC project is concentrated only to small scale transactions for now.
IDAX Freezes Cold Wallet Transactions Following CEO Disappearance
Something fishy might be happening as the IDAX cryptocurrency exchange’s CEO goes missing and its users are advised to halt using the exchange’s services.
Fintech Startup Monerium Seeks to Issue E-Money on Algorand Blockchain
The role of e-money is on the rise and continues to challenge bank deposits and cash. The recent partnership between Fintech Firm Monerium and Algorand Blockchain company presents a whole picture of the relevance of e-money as a more convenient means of payments and financial transactions.
Alipay Officially Bans All Bitcoin-Related Transactions
Alipay, one of the most popular digital payment systems under China’s Alibaba group, officially stated that it would be banning all payment transactions related to Bitcoin and other cryptocurrencies.
Ethereum Hit 1 million Daily Transactions since May 2018
As reported by leading Ethereum block explorer Etherscan, Ethereum hit over 1mn daily transactions on 28 June, the first time since May 2018.
IKEA Permits Invoice-Payment through Ethereum Blockchain
IKEA recently permitted an invoice to be paid from Nordic Strore through the Ethereum blockchain.
Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash
Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances. Adjustments to the fees in that category of transactions will also be made.
