The trade war with China homes in on the country’s thriving digital payments industry. With just two weeks left in office, President Donald Trump has sent out a new executive order targeting Chinese payment apps. The Tuesday order bars United States citizens or people located in the U.S. from using nine Chinese payment apps. It continues the…
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The ease and convenience of services backed with the emerging techs can dramatically improve the financial landscape in Africa. Africa is the home to 1.2 billion people and what has been described as the world’s largest trade area — the African Continental Free Trade Area. Africa is forging a new path to driving development, and…
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A Bitcoin exchange transaction resulted in a user getting scammed as a spoofed SMS message from a payment app made it seem that the attacker executed the payment. A Bitcoin (BTC) peer-to-peer exchange made on the HodlHodl platform went awry as a scammer appears to have used a SIM spoofing attack to make the seller…
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Starbucks mobile app users will soon be able to pay for their coffee and snacks using Bakkt Cash. A major digital asset platform is making it even easier to order that double espresso with an extra shot. Starbucks mobile app users will soon be given the option to pay for their drinks with “Bakkt Cash.”…
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The cross-carrier blockchain payment network allows transactions to be paid directly in the user’s currency through their mobile carrier. Further developments to blockchain technology are being tackled every day. One of the biggest challenges is how best companies working on blockchain can make their services not only accessible but also practical for users in different…
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The new Coronavirus outbreak has pushed Chinese officials to track individual citizens by their medicine purchases, which presents major ramifications for crypto. The government of Hubei, the Chinese province at the epicenter of the COVID-19 (Coronavirus) outbreak, issued a report on Feb. 18 detailing measures taken against the disease. The officials revealed that they tracked…
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At a hearing before Congress today on the rise of alternatives to cash, crypto took centerstage, with many representatives clearly invested in learning more about the space. Congress clearly has crypto on the brain, with the question of regulation being a matter of when. At a Jan. 30 hearing before the Fintech Task Force, a…
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Blockchain platform TBCASoft, IBM and SoftBank announced a collaboration to adopt a cross-carrier blockchain telecommunications payments platform. Blockchain platform TBCASoft, technology behemoth IBM and telecommunications conglomerate SoftBank announced on Oct. 22 a collaboration to adopt a cross-carrier telecommunications blockchain payment solution. New cross-carrier system Per the release, the partnership aims to allow carriers to use…
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Samsung Pay teams up with RippleNet member Finablr to offer cross-border payments feature Money Transfer to its app’s users. Samsung Pay, the mobile payments service of South Korean tech giant Samsung, has partnered with payments platform Finablr, Ripple’s RippleNet member, to offer cross-border payments feature Money Transfer to its app’s users. Finablr announced the partnership…
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