Not exact matches
Today's stories include a new mark in the evolving relationship between
payments and biometrics, along with a look at
possible new regulation for digital
currency.
is taking an entirely different approach to promoting digital
currency payments, as they will make Bitcoin
payments possible wherever NFC
payment terminals are installed.
The way OneBit works is as follows: the app will serve as a mobile Bitcoin wallet, which can convert to fiat
currency on the fly — at the best rate available — and lets users pay for goods and services wherever NFC
payments are
possible.
There is a particular appeal to paying in Bitcoin whenever
possible, regardless of whether the merchant or retailer accepts digital
currency payments directly.
4.2.12 — Once
payment is confirmed the BTC will be sent to this digital
currency wallet address as identified by the Customer to Bitit and it will no longer be
possible to change such destination to credit the digital
currency wallet.
For example, one can prove a promissory note existed from
payment and
possible an agreement related to collateral security for it, so one need only disprove that there was an assignment of it which is a fairly uncommon transaction compared to a transfer of
currency.
«Currently, DNB is investigating whether to perform a combination of services where cryptos are converted to euros (or other
currencies)» it stated, adding that a
payment service and prepaid crypto debit cards might also be
possible.
BitPesa's platform makes it
possible for businesses to make
payments in multiple
currencies and has operations in Kenya, Nigeria, Uganda, Senegal, DRC, the UK and Europe.
In principle, this is
possible because non-euro members Montenegro and Kosovo are also using the single
currency as a means of
payment.
BitSpark makes this
possible by using bitcoin and other cryptocurrencies as the method of
payment without the need for expensive banks, especially when dealing in more exotic
currency such as NGN.
Similar functionality exists in the WeChat application, but the degree of protection in it leaves much to be desired, and all
payments are
possible only in fiat
currency.
Banks need to implement instant
payments as soon as
possible and provide an alternate narrative to the ongoing public debate on the alleged innovation brought by virtual
currency schemes, says Yves Mersch, an executive board member of the European Central Bank.