Coin News

As of this weekend, GreenAddress is the first Bitcoin wallet to include a replace-by-fee option. With it, users can increase fees on their...

The post GreenAddress Is First Bitcoin Wallet to Launch Replace-By-Fee Bitcoin Transactions; Miner Adoption Slow appeared first on Bitcoin Magazine.

Gem, a provider of enterprise blockchain development and operations tools, is entering Nashville’s booming health care sector. Micah...

The post Blockchain Provider Gem Pursues Expansion Into Health Care Sector appeared first on Bitcoin Magazine.

Bitcoin price slumps toward support – which has held since late-May – although coming under fire twice during the last 24 hours. Additional support awaits just below. 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 […]

The post Bitcoin Price Rolling To Bounce appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Micropayments have been touted as one of Bitcoin’s main use cases since the early days of the technology, and a recent trial of the...

The post Video Experiment Shows YouTube Stars Can Earn More Revenue With Bitcoin Micropayments appeared first on Bitcoin Magazine.

ANX International, a Hong Kong-based virtual-currency trading startup and fintech company, is inviting people to issue their own digital assets using blockchain technology, according to Bloomberg. The service is intended to make setting up a blockchain-based assets and trading network as easy as signing up for an email account. Blockchain technology can enable the buying and […]

The post Hong Kong Bitcoin Exchange ANX Touts ‘Easy As Email’ Blockchain Service appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

European bitcoin exchange CEX.IO has announced a milestone of over $40 million in fiat currency deposits via payment cards. The figure underlines users’ preference of purchasing bitcoins with credit and payment cards over other conventional methods. London-based CEX.IO has announced that it has seen over $40 million in fiat currency deposits made toward its exchange […]

The post Bitcoin Exchange CEX.IO Sees over $40 Million in VISA & Mastercard Deposits appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Press releases: An Interview with OXBTC.com and the CEO Recently, we got a very good chance for an exclusive interview with Mr. Weicheng, GUO, CEO of the young cryptocurrency investment platform – OXBTC to share with us some in-depth ideas on cloud mining industry. Now let’s see the details of the interview: Who are you? […]

The post An Interview with OXBTC.com and the CEO appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

 A Tennessee man was recently found guilty on charges of extortion and wire fraud scheme in the attempted extortion of former Republican Presidential nominee, Mitt Romney. The extortion scheme from 2012 saw the accused demand $1 million in bitcoin in exchange for purportedly stolen tax returns belonging to Romney. A faux-hacker who tried to snag […]

The post Bitcoin Extortionist Convicted in Romney Tax Return Fraud appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin-centric startup Blockchain has announced and released the alpha version of its Thunder Network – a payments channel that it claims will prove to be the first usable implementation of the Lightning network for off chain bitcoin payments that settles back to the main bitcoin blockchain. Bitcoin startup Blockchain has announced the first version of […]

The post Bitcoin Startup Blockchain Announces the Thunder Network   appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Indonesia should follow Japan and support bitcoin, according to an article in okezone.com, an online portal of news and entertainment that focuses on Indonesian readers both in the country and living abroad. The article, by journalist Kurniasih Miftakhul Jannah, calls for the country to take action to make bitcoin more acceptable in his country, in […]

The post Indonesian Journalist: Follow Japan’s Example and Support Bitcoin appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

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Self-service payments provider USA Technologies (USAT) announced strong growth driven by increasing popularity of its digital payment offerings, which enable card and mobile wallet acceptance, in its Q1 2016 earnings presentation.

USAT embeds payment services in self-service locations, like vending machines and kiosks, across the US. 

The firm’s strong year-over-year (YoY) growth was driven by growth in integrations of ePort Connect, the firm’s cashless payment option. 

• USAT added both clients and locations in Q1 2016. The firm now counts just below 11,000 clients, up 21% YoY. And ePort Connect, the firm’s service that enables card and mobile payment acceptance at self-service terminals, posted a 33% YoY increase in connected locations, growing from 302,000 to 401,000. That growth, enhanced by an acquisition, drove USAT’s overall gains.
• 91% of the firm’s new location connections came from existing customers. That signifies that the firm’s existing clients are pushing for cashless services, and likely indicates a trend of ongoing ePort Connect growth.
• Some of USAT’s largest clients are pushing for ubiquitous cashless service integration. USAT believes this is the direction the industry is headed over the next few years, largely because adding digital payment services boosts business for the merchant. As evidence, USAT CEO Steve Herbert remarked last year that average mobile ticket size at vending machines are 15% higher than card- or cash-based payments, which translates to incremental sales gains. Increased interest is leading USAT to offer programs to clients that simplify the process of scaling up to 100% penetration. 

USAT's efforts to increase digital penetration at self-service stations could lift mobile wallet adoption. USAT's technology broadens the mobile wallet acceptance network, given that self-service machines are effectively merchant locations. Typical users of vending machines visit them multiple times per day, which affords them an opportunity to make frequent mobile transactions.

This could help increase users' familiarity with these kinds of payments, making them more likely to tap their phone in other retail environments. 

The way in which pay is changing rapidly, and self-service banking is just one piece of this increasingly complex ecosystem.

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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CCEDK, the Denmark-based bitcoin exchange, will go offline at the end of May in order to relaunch as part of a network of cryptocurrency partnerships known as Decentralized Conglomerate, according to the company’s website. The website directs visitors to Bitscan, a bitcoin business directory, where CCEDK’s plans are explained in detail. Bitcoin Services Must Add […]

The post Bitcoin Exchange CCEDK Relaunches as Decentralized Conglomerate appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The price of bitcoin tested resistance at $460 over the weekend ending 15th May, but failed to break through what could prove to be a key level.