Tag Archives: payments

Ripple Labs is currently involved in a serious legal battle, as we have already reported. However, it doesn’t prevent the company from being rather positive about its future. And there are some grounds for it.The World Economic Forum 2020 kicked-off yesterday, January 21, in Davos, Switzerland. As expected, global leaders met during the first day of the event with the U.S. Treasury Secretary Steven Mnuchin speaking on the transformation of the payments industry.Muchin said that the U.S....

Less than a week ago, Coinspeaker reported that payment giant Visa now owns fintech startup Plaid. Visa acquired the San Francisco-based company in an interesting deal worth $5.3 billion. As we reported, the figure is more than double of Plaid’s 2018 valuation and is expected to stoke the fintech flame already burning in the company.So far, reactions to the acquisition have been great as people believe that their collaboration will do wonders for the fintech industry.The financial world is...

Amazon, the company which once only focused on e-commerce, now is also a technology giant. But it just doesn’t stop there. Now the company has revealed its future plans to step into the financial game and wants you to pay with your hands not credit cards.Amazon is now working on a system with which customers might be able to pay for their items with their palms or hands. This system is specifically for physical stores so that people could purchase their items at checkouts much faster.This...

One of the most experienced companies in blockchain payments BitPay is expanding XRP support. Now XRP owners can use the currency to make purchases on all the retailers BitPay works with. Besides, they can buy gift cards even for Amazon with XRP.BitPay co-founder Tony Gallippi has already confirmed the positive news. According to Gallippi, users will enjoy XRP support starting next week.Run! $XRP added to @BitPay!Starting next week, gift cards can be purchased with $XRP -even for...

The owner of popular Fortune magazine, Chatchaval Jiaravanon, plans to do a lot more in the fintech sector, through acquisitions. Jiaravanon, who also has a fintech startup called Lightnet, believes that acquisitions will pretty much change the game. In a recent interview as reported by Bloomberg, Jiaravanon said:“Acquisitions will be the quickest way for growth in a fast-changing environment.”Chatchaval’s father, Sumet Jiaravanon, is the executive chairman of Charoen Pokphand Group,...

PayPal admitted that someone discovered a possible severe security breach that could lead to the exposure of user passwords to a hacker. Alex Birsan, who discovered the breach, earned a bug bounty worth $15,300 for reporting the problem. The vulnerability itself was disclosed on January 8 and has since been repaired.In his public disclosure, Birsan wrote that this “is the story of a high-severity bug affecting what is probably one of PayPal’s most visited pages,” referring to the login...

Siam Commercial Bank (SCB) wants to develop a mobile application that runs on Ripple. The 112-year-old bank has around 16 million customers and they want to deliver “happiness and smiles” to their customers. Not really sure how a banking app can cause smiling and happiness, but SCB’s SVP of Commercial Banking, Arthit Sriumporn believes that it can be achieved by partnering with Ripple.Alright, putting jokes aside, let’s look at the results of a recent survey by PwC. They have found out that...

Tencent Holdings Ltd. and China UnionPay Co. announced they plan to bring together their mobile codes that users scan to pay for purchases. In that way, the Chinese central bank gets a much larger niche network inside the $27 trillion payments playground.Both companies decided to consolidate their QR code systems so their users will be able to transfer or spend their assets just by using the same smartphone symbols.However, from the companies, they didn’t want to elaborate. The Tencent...

Tencent, the Chinese technology giant that operates the social media app WeChat, has announced that it is planning to develop a digital currency research group. This research group will have the responsibility of further advancing various blockchain technology research projects. According to fresh reports by iFeng, the company had released an official statement to its employees telling them that it is seeking someone to head the proposed research group.The yet-to-be-established digital...

Tap is a one-stop-shop crypto app that includes an aggregated crypto exchange (spanning several exchanges to deliver optimum prices), safe crypto storage through insured custodianship, a payment card and all the normal alt-banking features that help tap fulfill its aim to be a truly unified crypto banking solution.The listing on Bittrex is part of a coordinated mass rollout of the Tap project. As part of this rollout, Tap released an MTO on the STP network on 19th December, the app was made...