Bitcoin’s high-flying value has lost some altitude lately, but the cost to perform a transaction is reaching record highs. At the same time, other major cryptocurrencies have also become increasingly expensive not only to buy but to use as a means of exchange. The average fee to perform a Bitcoin …
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As Bitcoin Struggles With Congestion, BitPay Looks To Add More Crypto Choices
With Bitcoin priced near $18,000 Friday morning, and with futures markets already trading Bitcoin contracts or getting set to, investors in the digital currency are riding high. Consumers who want to use Bitcoin to buy things, though, face a market rife with volatility, slow transactions, and high costs. Bitcoin exchanges …
Read More »Clearent Receives PCI Certification and other Digital Transactions News briefs
7-Eleven Inc. announced it is testing online ordering for delivery or pickup on its new 7-ElevenNOW mobile app at 10 downtown and uptown stores in Dallas. The convenience-store chain expects to begin rolling out the app to other stores in 2018. Payments provider Clearent LLC said it received validation of …
Read More »Bitcoin’s Fast Rise Has Investors Giddy But Obscures a New Solution for Network Growth
Bitcoin’s heady rise this year has pleased investors and drawn the attention of derivatives exchanges and other institutional players, but it may also have obscured a development going on behind the scenes to solve one of the digital currency’s biggest drawbacks: its weakness as a payment method. Bitcoin, which started …
Read More »Square Expands Its Bitcoin Beta to More Cash App Users While Bitcoin Pierces the $13K Level
Square Inc. late Tuesday said it is expanding its Bitcoin pilot as the cryptocurrency continues to climb, briefly breaching the $13,000 level early Wednesday. The pilot, which Square launched four weeks ago for what it said was a “small” number of Square Cash users, is now being made available to …
Read More »With a Green Light From the CFTC, Three Trading Houses Get Set for Bitcoin Futures
CME Group Inc. said on Friday it will launch a futures contract for Bitcoin on Dec. 18, a move some expect will lend considerable stability to the market for the 8-year-old digital currency. Also on Friday, Chicago-based CME’s crosstown rival, Cboe Global Markets Inc., said it will announce “shortly” an …
Read More »A Bullish Market Pushes Bitcoin Past $9,000 As a P2P App for the Digital Currency Emerges
So far, nobody is making any money betting on Bitcoin to crash. The digital currency on Sunday soared past the $9,000 mark just five days after hitting $8,000 for the first time, and the $10,000 level could be in sight as early as later Monday, according to Coindesk, an online …
Read More »Grocery Distributor Adds POS Equipment and other Digital Transactions News briefs from 11/16/17
Point-of-sale services provider National Retail Solutions announced wholesale grocery distributor Pitco Foods is selling NRS POS terminals in its four warehouse stores. A court ordered PayPal Holdings Inc. to give the Canada Revenue Agency, the country’s national taxing authority, information about Canadians with PayPal business accounts who sent or received …
Read More »Bitcoin Cements Its Volatile Tendencies After a Move To Boost Capacity Fails
Observers who wondered not long ago whether Bitcoin was too valuable to be a payment method may now be wondering whether it’s too volatile. The cryptocurrency has soared all year, reaching a peak near $7,800 only six days ago, but then it crashed hard, shedding about $2,000 in value by …
Read More »CPI Notes Slow EMV Card Demand and other Digital Transactions News briefs from 11/9/17
Backers of the so-called SegWit2x proposal to double block size for Bitcoin suspended the effort on Wednesday, citing a lack of “consensus for a clean blocksize upgrade.” The move, which would have occurred around Nov. 16, was an effort to increase transaction capacity for Bitcoin and relieve upward pressure on …
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