Cryptocurrency Payments

Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials

March 28, 2023 Bitcoin.com

Alameda Research

Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against Sam Bankman-Fried Sam Bankman-Fried (SBF), the co-founder and former CEO […]

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams

March 15, 2023 Bitcoin.com

Binance

On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking […]

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

Ukrainian Pharmacy Chain Introduces Cryptocurrency Payments

January 5, 2023 Bitcoin.com

ANC

A major Ukrainian chain of pharmacies has started accepting cryptocurrency through Binance Pay. The new payment method will be available online, according to the company, which operates hundreds of drugstores across the war-torn Eastern European nation. Pharmacy Offers Ukrainians Option to Pay With Crypto Using Binance Pay Customers of the Ukrainian pharmacy chain ANC can […]

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

Spanish Telecom Giant Telefonica Invests in Bit2Me, Pilots Cryptocurrency Payments

October 3, 2022 Bitcoin.com

bitcoin.com

Telefonica, one of the world’s largest telecom companies, has closed an investment in the Spanish cryptocurrency exchange Bit2me. The company, which has been very active in the metaverse space, is entering the crypto payments arena by running a pilot to allow its customers to make payments via its online store Tu.com with an upper limit […]

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

Russia Starts Developing Mechanism for International Crypto Payments

September 25, 2022 Bitcoin.com

agency

Financial authorities in Russia have begun work on a mechanism to facilitate the employment of cryptocurrencies for settlements with other nations amid sanctions. The country’s central bank and finance ministry have already agreed on a draft law regulating cross-border crypto payments. Regulators in Russia Move Toward Legalizing Use of Cryptocurrency in Foreign Trade Russian authorities […]

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

Leading European Tire Retreader Vaculug to Accept Crypto Payments

August 15, 2022 Bitcoin.com

Bitcoin

Vaculug, a British company that brands itself as Europe’s largest independent tire retreader, will now accept cryptocurrencies for its products and services. Its management says the business must move with the times and offer customers more options than pounds and pence. Vaculug to Take Major Coins, Offer Contracts in Cryptocurrency U.K.-based tire retreading firm Vaculug […]

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

UK Law Firm Gunnercooke Says It Now Accepts Crypto Payments

February 22, 2022 Bitcoin.com

accept crypto

U.K. law firm, Gunnercooke, claims to be one of the first major law firms in the country to accept crypto payments. Crypto Asset Payments A United Kingdom-based commercial law firm, Gunnercooke, has become the latest practice to accept cryptocurrency as payment for services, a report has said. The firm also claims to be one of […]

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

Verifone Enables Retailers to Accept Cryptocurrencies, Says Merchants’ Appetite for Crypto Payments ‘Has Exploded’

September 28, 2021 Bitcoin.com

bitcoin.com

Verifone, a global payment system provider with 35 million devices in 150 countries, is rolling out crypto payment support in the U.S. in partnership with Bitpay. Verifone’s platform processes more than $440 billion annually. The company says, “the appetite for crypto payments has exploded this year.” Major Retailers Will Soon Be Able to Accept Cryptocurrency […]

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

Cryptocurrency Gaining Mainstream Interest as Payment Option: Report

August 4, 2021 Bitcoin.com

bitcoin payment option

Cryptocurrency is gaining mainstream traction among consumers who want to use it for purchases, according to a new report. Out of more than 8,000 U.S. consumers surveyed, 93% of crypto users would make purchases with cryptocurrency in the future. Growing Number of People Want to Pay With Cryptocurrencies A new report titled “The Cryptocurrency Payments […]

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

Amazon’s Payment Team Hiring Digital Currency Expert to Develop Cryptocurrency Strategy and Products

July 24, 2021 Bitcoin.com

Amazon

Amazon’s Payments Acceptance & Experience team is hiring a digital currency and blockchain expert to develop the company’s digital currency and blockchain strategy and product roadmap, including a launch strategy. “We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon,” the company’s spokesperson said. Amazon […]

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Hashing It Out: How Web3 makes shopping better with crypto cash-back