Sir Richard Branson has revealed further support for bitcoin as a functional, albeit volatile, currency. Asked in an interview with Bloomberg News whether the cryptocurrency will eventually work, the Virgin Group billionaire said that bitcoin is already working. While Branson admitted that bitcoin remains volatile, he added that this is not necessarily a bad thing….
Apple has unveiled Apple Pay, a new mobile payments tool that could significantly impact the way consumers transact both in-person and digitally. The new service was outlined as part of a broader demonstration of the iPhone 6 and iPhone 6 Plus, both of which were introduced at Apple’s event in Cupertino, California, on 9th September….
Bitcoin company Bitonic has launched a crowdfunded campaign to support efforts to define bitcoin as money in the Netherlands. The campaign has been dubbed Bitcoin is Geld (literally: ‘bitcoin is money’) and has so far raised more than 30 BTC. The cause enjoys the support of the Dutch Bitcoin Foundation and law firm SOLV. Bitcoin…
Buying bitcoin from exchanges can involve lots of hoop-jumping, as customers navigate complex and tedious registration and transaction processes. Some people are now cutting through the whole tangled mess, and having their employers pay them in bitcoin directly. Wagepoint, a startup based in Waterloo and Nova Scotia, Canada, offers Canadian and US companies an easy…
Transaction fees on the bitcoin network are often forgotten about. Yet in bitcoin they are more important than on other payment networks. Fees currently serve as protection against the network being flooded with arbitrary transactions. Eventually, they will also be required to incentivise bitcoin miners to continue providing security to the network. Contrary to other…
The card companies, banks and payment processors cooperate together to charge a good chunk of fees both to cover the cost of fraud and to protect against it. But can bitcoin offer better, or at the very least lower-cost, fraud protection for merchants and consumers? It’s almost essential today for merchants to accept credit or…
