Merchant acquiring can be a competitive and complicated business. New players especially need an angle, an innovation, something to differentiate what and how they serve their merchants. Arthur Budovsky was no different. His focus was on eliminating friction from trading partners who wanted to ...
Recent currency innovations like Bitcoin and an economic recovery now dragging into its seventh year have led many people to question what money is–and more importantly, what it should be. Answering this question is fundamental to any attempt to transform society.
“Multi-currency economies are not unusual”. “The US dollar is accepted in many economies alongside the local legal tender. Also, there are a number of regional currencies in existence in parts of France and Switzerland which aim to encourage transactions in local goods and services.”
Microsoft co-founder Bill Gates has said digital currencies could have an impact on global remittances, but suggested that bitcoin isn't the best application of the technology. Gates, speaking with Backchannel before the release of the Bill and ...
Even though 2015 is right around the corner, some might say that bitcoin was still in its 'Wild West' days throughout the course of this year. While it's easy to appreciate all of bitcoin's best qualities – it's cheap, fast and reliable, to name a few – it's harder to ignore that bitcoin has...
Investors in JL Trading, owned by Joe Lewis, 59, received emails this month stating that the company based in Istanbul “is ceasing to carry on business” and had stopped trading foreign exchange in 2009 after incurring substantial losses.
A vocal minority of operators are taking a stand against major bitcoin ATM manufacturer Robocoin over its decision to cut ties with any business partners that refuse to upgrade to its new proprietary wallet platform.
The Federal Bureau of Investigation (FBI) together with the US Attorney for the Southern District of New York have announced that they have arrested 'Defcon', the operator of illicit black market website Silk Road 2.0.
The former Securities and Exchange Commission (SEC) chairman Arthur Levitt discussed the evolving regulatory landscape for bitcoin companies and the commission's ability to keep up with fast-paced technological changes in a wide-ranging interview on Bloomberg TV yesterday.
As originally reported by Kevin Cruz, Japan has taken the most unexpected of government stances on Bitcoin. If any nation should have a bone to pick with Bitcoin, it should be Japan, given the Mt. Gox bubble burst quite loudly on their watch within the Shibuya, Tokyo’s Cerulean Tower.