News about Bitcoin.
November 24th, 2016
Customers will now be able to pay for Amazon purchases using Bitcoin through Bitcoin wallet iPayYou’s Amazon Direct service. “To use it, an iPayYou customer determines the dollar amount to transfer, then chooses a destination account at Amazon.com and clicks a button to make a transfer,” Silicon Angle reports. “Once the transfer is complete, the amount credited to the Amazon account can be used to make any sort of purchase.”
November 2nd, 2016
Swiss commuters will soon be able to buy Bitcoin at more than 1,000 ticket machines belonging to the country’s national railway service SBB from November 11, under a deal between SBB and payment and distribution services provider SweePay. “SBB is a distribution partner of SweePay and is providing the ticket machines as a distribution channel,” SBB says. “Customers need to identify themselves using their mobile telephone number to purchase Bitcoin at the SBB ticket machines. The maximum amount is fixed at CHF 500 (US$514) per transaction.”
October 28th, 2016
Canadian payments start-up NanoPay has completed a US$10m Series A funding round. The company recently bought the MintChip platform, which uses NFC technology to enable purchases with a Bitcoin alternative, from Royal Canadian Mint. Alongside the new finance, NanoPay CEO Laurence Cooke says its focus is “now on expanding the platform beyond digital cash to a broad range of B2B use cases that have global applications”.
October 24th, 2016
South Korea’s KB Kookmin Card is working with Bitcoin exchange service startup Coinplug to release a blockchain-based personal authentication service for mobile transactions next month, Pulse reports. It will first be implemented in its mobile credit card app, simplifying the current system that requires additional personal authentication steps for logging in, registering a new credit card and for making mobile payments of 300,000 won (US$264.08) or above.
July 28th, 2016
Bitcoin wallet Coinbase has expanded into Australia. “Customers in Australia can now buy Bitcoin and Ether using their credit and debit cards,” the company says. “Please note that at this time, users in Australia can only buy digital currency. We hope to add the ability to sell digital currency as well soon.” Coinbase added PayPal and credit card support in June 2016.
July 5th, 2016
The total value of Bitcoin transactions is expected to exceed US$92bn this year, up from less than $27bn in 2015, Juniper Research predicts. “Transaction volumes continued to be concentrated overwhelmingly on the exchanges, with Bitcoin now trading at values almost 50% higher than at the beginning of the year,” the firm says.
June 27th, 2016
Bitcoin wallet Coinbase has added support for PayPal and credit cards. “Through this integration, Coinbase users are now able to sell Bitcoin and have their USD funds deposited to a PayPal wallet,” Coinbase says. “To start, we’re offering PayPal cash-out for US users only. In the future, we hope to add support for other countries, and to support buys through PayPal as well. Both services are currently in beta. We’ll invite more users to each service over the next few weeks.”
May 6th, 2016
Bitcoin payment gateway BitPay has launched the BitPay Visa Card, a debit card that will let US consumers make payments with the virtual currency wherever Visa is accepted and make ATM withdrawals. “The BitPay Card can be loaded in seconds from any Bitcoin wallet,” the company says. “There are zero fees on Bitcoin top-ups and you can load up to $10,000 per day in spendable funds.” BitPay announced plans to launch an NFC mobile payment app in November 2014.
April 13th, 2016
Bitcoin wallet provider Shake has introduced the first version of its app to let consumers make everyday purchases using the virtual currency with a tap of their NFC device at any contactless terminal. Shake Alpha will also enable users to make online payments using a web app that displays their virtual card. The company is now inviting users to sign up for early access to the service.
January 5th, 2016
Boxing hero Mike Tyson has teamed up with Bitcoin Direct and BitPay to launch the Mike Tyson Digital Wallet. The mobile app allows the buying and selling of bitcoin and can also work with bitcoin ATMs. “The Mike Tyson Digital Wallet is one of the first bitcoin wallets that allows users to purchase and/or sell bitcoin from the app,” Bitcoin Direct says. “Bitcoin Direct does not charge users any fees for using the wallet.”
December 9th, 2015
More than 16bn mobile biometric payment transactions will be made and more than 1.1bn financial services customers will be using mobile biometrics by 2020, research from Goode Intelligence predicts. “Adoption is being seen across almost all of the financial services industry — from traditional ATMs to alternative Bitcoin wallets,” the firm says. “Mobile is fast becoming the biometric authenticator of choice for the financial services industry.”
November 23rd, 2015
Bitcoin wallet Coinbase and Shift Payments have introduced a US-issued Bitcoin-backed debit card that will allow Coinbase users in 24 states to make payments using the virtual currency both online and in-store. “With the Shift Card, you can now spend Bitcoin anywhere in the world where Visa is accepted,” Coinbase says. “When you use your Shift debit card to make a purchase, the equivalent value of bitcoin, based on the current spot price of bitcoin on Coinbase, will be debited from your Coinbase bitcoin wallet.”
November 17th, 2015
Startup Plutus is inviting consumers to take part in the alpha release of a Bitcoin mobile wallet that allows POS transactions via NFC. “It is powered by a Decentralised Exchange Network (DEX), which traders can use to buy and sell Bitcoin in return for fiat at the checkout,” the company says. “Merchants do not need to directly accept any digital currencies and customers can convert their balance into fiat on-the-go.”
October 8th, 2015
Bitcoin payment gateway BitPay has announced a new integration with point-of-sale terminal maker Ingenico that will allow consumers to use the virtual currency to make mobile payments at “thousands of retailer terminals worldwide”. The companies…
July 27th, 2015
Bitcoin mobile wallet provider OneBit has begun alpha testing its mobile payment service which works via NFC at the point of sale wherever MasterCard is accepted. “It will no longer be about whether or not a certain store accepts Bitcoin because the app executes the payment in the local currency,” Cryptocoins News reports. “The company will be announcing a more public version of the software in the coming months.”
May 29th, 2015
PayPal-owned payment processor Braintree has integrated support for Android Pay into its v.zero SDK to make it easier for merchants to add support for the payment solution as a checkout option inside their Android apps. “We’ve connected with Android Pay on our back end to reduce the number of API calls and provide a streamlined payment flow,” the company says. The SDK already supports debit and credit card payments, PayPal, Venmo, Apple Pay and Bitcoin.
April 10th, 2015
Some 185m Europeans will use a mobile payment app this year, up 51% on 2014, a survey of 14,000 consumers for ING has revealed, and respondents say they are far more likely to use apps…
February 27th, 2015
The Bank of England is consulting external experts on research designed to help set future policy which includes considering the effects of issuing its own Bitcoin-like digital currency. The One Bank Research Agenda discussion document, which aims to transform the way research is done at the bank, explains that the rise of digital currencies “has potentially profound implications for a financial system whose payments mechanism depends on bank deposits that need to be created through credit,” and goes on to ask what the impact on existing payment and settlement systems would be should it introduce its own digital currency in future.
January 14th, 2015
Fifty merchants in the German city of Hannover have signed up to accept Bitcoin payments using a terminal supplied by startup Pey, that uses a combination of iBeacon, QR code and NFC technology.
January 12th, 2015
The key to mass market adoption of mobile payments will be the creation of a compelling consumer experience that incorporates both payments and value added services, the Future of Mobile Payments session at the International CES 2015, chaired by NFC World’s Sarah Clark, has found.