PayPal is planning its own stablecoin
After dabbling into cryptocurrency and enabling Bitcoin payment system, payments company PayPal has announced it is planning a stablecoin. This is a move outed by a developer who caught it in the code. For years, cryptocurrency has been heralded as a technology that will eventually supersede centralized payment systems by lowering transaction costs and eliminating […]
Elektra becomes the first retail store in Mexico to accept Bitcoin
Mexican Billionaire and owner of retail giant Elektra, Ricardo Salinas Pliego announced on Twitter that Elektra will be the first retail store in Mexico to accept Bitcoin as a payment option. Ricardo Salinas Pliego, the owner of the Mexican retail giant Elektra, revealed earlier today that Bitcoin will soon be accepted as a payment mechanism. […]
Cryptocurrencies cannot become a means of payment – Bank of Thailand’s Governor
In order to reduce risks and safeguard investors, the government of Thailand is working on a new legal framework that will set to identify “red lines” for cryptocurrencies such as Bitcoin (BTC) and the crypto industry at large. In a Dec. 14 interview with The Bangkok Post, Governor Sethaput Suthiwartnarueput stated the Bank of Thailand […]
Elon Musk claims Dogecoin beats Bitcoin when it comes to payments
Elon Musk stressed that Bitcoin is better suited as a store of value, which is why investors prefer to hoard it rather than sell it or use it for transactions. BTC, according to Tesla CEO Elon Musk, isn’t as good for everyday payments as the meme-based cryptocurrency DOGE . In a Time Magazine interview shortly […]
Ledger launches a new debit card tagged ‘The crypto life card’
Ledger, a cryptocurrency wallet and infrastructure provider, has unveiled a new debit card that allows purchases using digital assets including Bitcoin (BTC), Ether (ETH), Ripple (XRP), Litecoin (LTC) and USD Coin. On Thursday, the Crypto Life card, better known as “CL,” was unveiled at Ledger’s biannual Op3n conference. Ledger Live, a desktop and mobile application […]