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Alipay Denounces Bitcoin OTC Trading: Regulatory ‘Gray Area’ in China

Follow up Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan. The public..

Luxury Car Manufacturer Begins Accepting Bitcoin for Vehicle Sales

News California-based luxury electric car manufacturer Karma Automotive has begun accepting digital currency as a means of payment at one of its stores in Newport Beach. Karma Newport Beach now enables customers to pay in Bitcoin (BTC) for new vehicle purchases and related services, according to a..

Aliant to Pay Part of Employees’ Compensation Packages in Bitcoin

News United States merchant services provider and payment processing firm Aliant Payments will be paying each of its employees part of their compensation package in cryptocurrency. In a press release on Oct. 16, Aliant said that the offer reflected a desire that employees become invested customer..

Bank of England Governor Carney Defends Facebook’s Libra Stablecoin

News Bank of England governor Mark Carney has defended Facebook’s choice to create a new currency. Canadian news outlet TheStar reported Carney’s remarks on Oct. 15, noting that he highlighted the shortcomings of the current traditional financial system. Because of the inefficiency of the payments..

UK Real Estate Firm Accepts Bitcoin for Sale of 150-Year-Old Church

News A 150-year-old English church is being sold for $1.5 million with the vendor accepting payment in Bitcoin (BTC). Vendor is willing to receive payment in BitcoinAccording to a listing on Rightmove, a major British online real estate portal and property website, a vendor put an 18th-century chu..

BMW, General Motors, Ford to Start Testing Blockchain Payments in Cars

News Five major automakers — BMW, General Motors, Ford, Renault and Honda — will start testing a blockchain car identification and payment system next month in the United States. Automakers envision self-paying cars, digital IDsNikkei Asian Review reported on Oct. 14 that the partnership aims to t..

Major Chinese Bank Updates Blockchain Platform After $50 B Transacted

News The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume. CCB will actively promote blockchain platformOn Oct. 9, Xinhua news agency reported that CCB, one of the ..

Alfa-Bank, Commerzbank Pilot Cross-Border Payments on R3’s Marco Polo

News Alfa-Bank and Novolipetsk Steel Company (NLMK), in cooperation with Commerzbank and Vesuvius GmbH, are piloting Russia-Germany cross-border payments on R3’s Marco Polo network. Powered by R3’s Marco Polo Blockchain Global Trade NetworkOn Oct. 11, Alfa-Bank announced that it is launching a for..

Ripple’s Xpring Invests in Crypto Wallet Provider BRD to Integrate XRP

News Ripple’s investment arm Xpring has invested into cryptocurrency wallet BRD to enable users to hold, purchase, sell and spend XRP tokens through the wallet. Xpring announced the development in an Oct. 11 blog post, noting that BRD — a mobile cryptocurrency wallet, with a reported user base of ..

5,200 Tobacco Shops in France Now Selling Bitcoin

News French crypto startup Keplerk has relaunched its service to accept Bitcoin (BTC) payments in over 5,200 tobacco shops in France starting from Oct. 10. Service first launched in JanuaryAfter suspending the service in less than two months after launch in January, Keplerk says that its customers..

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