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Bitfinex Allows Lightning Network Shopping on Bitrefill with Bitcoin

News Cryptocurrency exchange Bitfinex and crypto store Bitrefill partnered to allow the trading platform’s clients to shop with Bitcoin (BTC) over the Lightning Network. According to a press release published on Dec. 4, Bitfinex users can instantly pay for a variety of services with Bitcoin that t..

France to Test Its Central Bank Digital Currency in Q1 2020: Official

News The central bank of France plans to pilot a central bank digital currency (CBDC) for financial institutions in 2020. François Villeroy de Galhau, the governor of the Bank of France, announced that the bank will start testing the digital euro project by the end of the first quarter 2020, Frenc..

SoftBank Releases Debit Cards With Built-In Blockchain Wallet

News Japanese holding company SoftBank has introduced a new debit card featuring a built-in cryptocurrency wallet. According to a press release on Dec. 1, SoftBank developed a debit card featuring a built-in blockchain wallet in collaboration with United States-based wallet card developer Dynamics..

Russia Reportedly Considers Ban on Using Crypto as Means of Payment

News Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services. A report from Izvestia on Nov. 29 cites several sources allegedly familiar with ongoing discussions at the country’s central bank, financial regulator and Ministry of Finance in support of a ban...

Cardano’s Payment Gateway for Merchants Is Now Live

News The Cardano Foundation, the firm behind the 12th biggest cryptocurrency Cardano (ADA), has launched AdaPay, an ADA payment gateway for merchants. Developed by the Cardano Foundation and enterprise-grade fintech platform Coti, the solution allows merchants to accept ADA payments with “near-ins..

Binance to Launch Crypto Travel Rewards Card with Startup TravelByBit

News Major cryptocurrency exchange Binance announced in a blog post on Nov. 28 that it partnered with crypto travel startup TravelByBit to launch a rewards card that facilitates crypto payments on major travel websites. Per the announcement, the card will function like a traditional prepaid card w..

Former PBoC Head: China’s Digital Yuan Will Favor Payments and Retail

News China’s digital currency approach will be favoring international payments and domestic retail system, a former senior official said. Zhou Xiaochuan, the president of the Chinese Finance Association and former governor of the People’s Bank of China (PBoC), outlined two types of implementations..

ECB Board Member: Global Stablecoins Pose Risks to a ‘Fragmented’ Europe

News European Central Bank (ECB) board member Benoit Coeure has warned that global stablecoins remain untested and raise potential risks across multiple policy domains. Coeure, a member of the ECB’s Executive Board, made his remarks at the Joint Conference of the ECB and National Bank of Belgium ..

Crypto Booking Firm Travala Partners with Travel Giant Booking.com

News Travala, a service that allows its users to pay for hotel stays with cryptocurrency, will now let its customers reserve any hotel that is bookable through Booking.com. Travala announced in a press release on Nov. 25 that it has already integrated Booking’s accommodations to its platform. The ..

French Central Bank Official Wants to Improve Financial System With Blockchain

News The first deputy governor of the French central bank has called for distributed ledger technology (DLT)-based settlements and payment systems in Europe. Speaking at the AFME Annual Capital Markets Technology and Innovation Conference on Nov. 21, Denis Beau, the first deputy governor of Banque..

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