Canadian merchants now have a self-service tool to accept digital cash in stores via the MintChip Retail Payment Platform announced Wednesday by nanoPay Corp. NanoPay purchased MintChip, a digital currency developed by the Royal Canadian Mint, in 2016. “Since acquiring MintChip from the Royal Canadian Mint, we have focused on enhancing …
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The two biggest cryptocurrencies are experiencing growing pains that could change their character and decide their fundamental purpose in the years to come. Bitcoin, the largest digital currency at a market capitalization of $42.6 billion as of Wednesday mid-morning, remains a volatile investment at the same time its users contend …
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Like it or not, Bitcoin has momentum behind it. On Saturday, the digital currency breached the $2,000 level for the first time ever, and by Monday morning it was trading just shy of $2,200, according to CoinDesk, an online service that tracks cryptocurrency. That represents a quintupling in value since …
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While entities such as the Federal Reserve and the automated clearing house work out methods for faster payments, financial institutions are also investigating the blockchain for real-time money movement. That concept took a step toward reality with an announcement Friday by Spain’s BBVA that it had completed what it says …
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The price of Bitcoin may have gotten hot in recent months, but investor interest in Bitcoin and blockchain startups could be cooling off. The population of unique investors pouring money into companies dealing in the cryptocurrency and its underlying infrastructure fell 27% last year to 217, according to the latest …
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By John Stewart @DTPaymentNews Bitcoin may be commanding higher prices these days, but the flow of investment cash pouring into Bitcoin and blockchain startups is slowing down. Global funding totaled $550 million last year, up just 5% from 2015, while the number of deals slipped from 161 to 132, according …
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The price of Bitcoin, which soared to heady heights at the end of 2016 only to drop somewhat over the last two weeks, has been much on the minds of payments observers looking to the digital currency as an intriguing new way to pay. But is Bitcoin a medium of …
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It’s still far from a mainstream currency, but Bitcoin is closing out a tumultuous year with a raging run-up in value. The digital currency breached the $800 level on Tuesday, and as of Wednesday afternoon was trading just shy of $822. These are heights Bitcoin hasn’t seen in nearly three …
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By John Stewart@DTPaymentNews Buoyed by seismic political and financial events, the Bitcoin digital currency is picking up momentum in both its value and its adoption. Blockchain, a U.K. company that offers Bitcoin services, last week celebrated having issued 10 million wallets since its founding in 2011. That’s a doubling in …
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By John Stewart@DTPaymentNews Bitcoin is on a tear again. The cryptocurrency has breached the $700 price barrier seven times out of the last nine days, according to data from Blockchain.info, and bids fair to remain above that level Tuesday. It was trading at $709 early in the day, according to …
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