Bitcoin 

Blockchain to Lead in Payments and Asset Tokenization

Almost 23% of Digital Currency Group (DCG)’s portfolio firms believe that asset tokenization will be the next major use case for blockchain. To prepare the survey, DCG received responses from more than 60 of its portfolio companies.  According to DCG’s 2019 annual survey, 22.73% of its portfolio companies suggest that blockchain will be mainly deployed in asset tokenization, while 30% of respondents see the technology’s future use cases in payments. Other use cases and “public enemies” The aforementioned industry sectors are followed by digital identity and ownership, decentralized marketplaces and…

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Bitcoin 

Fold App Raises $2.5M to Bring Bitcoin Lightning Payments to Starbucks

The Fold app, a mobile shopping app that supports Bitcoin’s Lightning Network enabling users to withdraw funds to an external Bitcoin (BTC) wallet, has raised $2.5 million and added a fiat currency payment option.  In a Sept. 25 blog post, Fold’s editor, Will Reeves, informed the public that the app’s users can now spend both fiat currency and Bitcoin at online and in-store retailers by synchronizing their credit card or Lightning wallet.  Fold has also enabled its users to stack sats when making purchases with fiat and Bitcoin at major…

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Bitcoin 

Chinese Always Saw Bitcoin as Investment, Not for Payments

Bobby Lee — co-founder and former CEO of China’s first crypto exchange BTCC — says the Chinese have always thought of Bitcoin as an investment rather than a payment system.  Lee made his remarks during an interview for Charlie Shrem’s Untold Stories podcast on Sept. 18. Designed for non-geek users Beyond sharing his reflections on the Chinese cryptocurrency landscape — covering interactions with regulators and observations about local investor tendencies — Lee used the airtime to discuss his latest crypto venture, a hardware wallet dubbed Ballet: “Ballet is the culmination…

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Ethereum 

Cryptocurrency Payments Processor BitPay Adds Support for Ether

Major cryptocurrency payment services provider BitPay has added support for the second-largest cryptocurrency by market capitalization, Ether (ETH). Per a press release published on Sept. 16, companies that use BitPay for payment processing are now able to accept Ether for purchases without having to set up any enhancements. BitPay has also made it possible for users to store and use Ether in a BitPay wallet, and for BitPay Prepaid Visa Card holders to top up their debit cards. Ether joins Bitcoin and Bitcoin Cash Launched in 2011, BitPay processes payments…

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Bitcoin 

1.4 Million Brazilian Point-of-Sale Devices to Support Crypto Payments

Cielo, the largest payment processing provider in Brazil, has unveiled support for Bitcoin (BTC) and cryptocurrency purchases on its point-of-sale (PoS) devices. Crypto payments via QR codes Cointelegraph Brazil reported the news on Aug. 30. According to the report, users can make crypto payments through Cielo PoS devices via QR codes. The PoS machines generate QR codes for payment, and the customer can then use a smartphone in order to scan a code and make a payment. The customer also reportedly needs to hold either an account with Uzzo or…

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