Coin News

One of Donald Trump’s many campaign promises if he is elected President of the United States is a tall wall along the Mexico-U.S. border. Mexico is footing the bill, if it were up to the Donald. Refuse and Trump will put the brakes on the $24 billion remittance flow from U.S. to Mexico, his plan […]

The post Bitcoin Will Scale Donald Trump’s Mexico-Remittance Wall appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Australia’s standards authority, Standards Australia, has asked the International Standards Organisation, commonly known as ISO, to commence work on setting global standards for blockchain technologies. Geneva-based ISO, the international standard-setting body that is widely recognized as the foremost global standards authority is being called by its Australian member to set up global standards for blockchain, […]

The post Australia Calls for Global ISO Blockchain Standards appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Last weekend, the largest collegiate Bitcoin and blockchain technology hackathon was hosted in the San Francisco Bay Area. More than 50...

The post Second Annual Bay BitHack Hackathon Yields New Bitcoin and Blockchain Apps appeared first on Bitcoin Magazine.

Bitcoin trading sold price from the $425 price level and is now turning back up in what should be a telling price move. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Trading and […]

The post Bitcoin Trading Tired Of Resistance? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The Lightning Network is viewed by many as a serious improvement for Bitcoin in terms of scalability, but there are still plenty of critics...

The post Bitcoins Are Not Tied Up on the Lightning Network, Say Creators Poon and Dryja appeared first on Bitcoin Magazine.

The United Kingdom has established a role as a global fintech leader and the government is committed to continuing this leadership, according to Harriett Baldwin, MP at HM Treasury. Baldwin announced several new steps the country is taking in this direction at Innovate Finance’s Global Summit at Guildhall in London. The U.K. leads in a […]

The post U.K. Treasury MP Talks up Fintech, Blockchain & Digital Currencies appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

One of the largest bitcoin and cryptocurrency exchanges in the world, Kraken, has announced an investment from a leading Japanese foreign exchange brokerage, in the exchange’s Series B round of financing. Cryptocurrency exchange Kraken has announced an investment from Tokyo-based Money Partners Group as a part of its Series B round of financing, in a […]

The post Kraken Gains Series B Investment, Pushes Bitcoin Services & Ethereum in Japan appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Coming up on May 19th, 2016, the Blockchain & Bitcoin Conference Prague will be held in the Central European location of the Czech Republic. Previous conferences and others held in 2016 take place in locations such as Moscow and St. Petersberg Russia and Kiev, Ukraine. Besides the biggest cryptocurrency and blockchain trends coming up in […]

The post Blockchain & Bitcoin Conference Prague 2016 to Cover Security, Investment, Regulation and Gambling appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Recently, Estonian courts ruled in the Bitcoin case of Otto de Voogd. The recent environment in Estonia surrounding digital currency has been negative and the ruling did not come as a complete surprise. Nonetheless, there are serious implications for the cryptocurrency community locally and abroad. Late last year here at CCN, we reported on Otto […]

The post Bitcoin Trader Case: In Estonia, The Verdict Is In appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Home-rental and accommodations giant Airbnb has “acqui-hired” a number of engineers from the development team at ChangeCoin, the startup behind popular bitcoin micropayments service ChangeTip. An undisclosed number of employees at ChangeCoin, the company behind bitcoin tipping service ChangeTip, have been hired by home-rental startup Airbnb. The deal was first reported by Quartz, who cite […]

The post Airbnb Acquires Developers behind Bitcoin Service ChangeTip appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Brock Pierce, the chairman of the Bitcoin Foundation, explained that bitcoin can become more mainstream in two ways – as a remittance tool for the developing world and from startups making bitcoin faster and more economical – during a Sky News interview at The European House – Ambrosetti, a professional consulting organization. The European House—Ambrosetti […]

The post Bitcoin Foundation’s Brock Pierce: Remittances and Startups Can Foster Mainstream Adoption appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Press Releases: It does not matter what currency community individuals belong to, we’ve all wondered aloud or privately to ourselves how we are going to get blockchain technology past the small crypto bubble and into the mainstream. In other words, how do we get this technology past ourselves and into the real world of […]

The post NEW MONEY: Not the Next Bitcoin, the Next Dollar… appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

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India’s National Payments Corporation (NPCI) rolled out a new initiative, called the Unified Payment Interface (UPI), to give more of its citizens access to banking services through their mobile phones, according to Finextra.

The UPI will allow users to send and collect money using a “virtual identifier” in place of one’s actual identity. After a send is initiated, users will get a message asking for authentication, verify their identity through a password, and receive their money in real-time. Existing mobile users will be able to integrate other platforms into UPI, while new users will now have access to mobile money transfers, according to Payments Cards and Mobile.

India is hoping to capitalize on citizens’ mobile dependence. 

• India is the fastest-growing smartphone market worldwide. Only 53% of Indians have bank accounts. Moreover, 233 million Indians have never been to a bank, and most accounts have a balance of zero, according to Bloomberg. But 80% of Indians  — over 900 million — have access to mobile phones, making it a valuable tool to reach large swaths of the population.
• The country is likely trying to replicate the success of mobile money initiatives in other countries. In Kenya, Safaricom’s launch of M-PESA spread to 65% of households within its first two years of operation, indicating the strong potential of mobile money services in countries with low bank account penetration but high mobile penetration.
• But UPI's single platform could integrate with multiple disparate services, broadening access to include anyone in the country with a mobile phone. Many mobile wallet and mobile money platforms exist in India, with large firms like Paytm counting 100 million or more users. And India launched a “payments bank” initiative to leverage these services and bring them to more users. But UPI’s single platform could integrate with multiple disparate services, therefore streamlining the process and making access simpler.   

The world of payments continues to evolve, and those who do not keep up will be left behind as digital trends grow their influence over how we pay for goods and services.

Evan Bakker and John Heggestuen, analysts at BI Intelligence, Business Insider's premium research service, have compiled a detailed report on the payments ecosystem that drills into the industry to explain how a broad range of transactions are processed, including prepaid and store cards, as well as revealing which types of companies are in the best and worst position to capitalize on the latest industry trends.

Here are some key takeaways from the report:

• 2016 will be a watershed year for the payments industry. Payments companies are improving security, expanding their mobile offerings, and building commerce capabilities that will give consumers a more compelling reason to make purchases using digital devices.
• Payments is an extremely complex industry. To understand the next big digital opportunity lies, it's critical to understand how the traditional credit- and debit-processing chain works and what roles acquirers, processors, issuing banks, card networks, independent sales organizations, gateways, and software and hardware providers play.
• Alternative technologies could disrupt the processing ecosystem. Devices ranging from refrigerators to smartwatches now feature payment capabilities, which will spur changes in consumer payment behaviors. Likewise, blockchain technology, the protocol that underlies Bitcoin, could one day change how consumer card payments are verified.

In full, the report:

• Uncovers the key themes and trends affecting the payments industry in 2016 and beyond.
• Gives a detailed description of the stakeholders involved in a payment transaction, along with hardware and software providers.
• Offers diagrams and infographics explaining how card transactions are processed and which players are involved in each step.
• Provides charts on our latest forecasts, key company growth, survey results, and more.
• Analyzes the alternative technologies, including blockchain, which could further disrupt the ecosystem.

To get your copy of this invaluable guide, choose one of these options:

1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the payments ecosystem.

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