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1948

The Remittance Market: Bitcoin and MasterCard Send

TECHCRUNCH: Bitcoin’s most disrupting feature is its decentralized architecture. Indeed, bitcoin relies on a P2P network of computers to proceed money transfers. Each part of the network works to create new bitcoins (‘mining’), keep the network alive and validate transactions. All the transactions are registered in the blockchain that is used to validate a transaction using cryptography technology: it ensures that you can’t use a bitcoin you don’t own or you don’t use the same bitcoin more than once. This last action previously required a third party, but with bitcoin this is not the case anymore: the network replaces financial institutions and banks. (more…)

Cryptocurrencies, Fintech news, news, p2p-payments, Remittances

May 25, 2015

1549

Danish Shops To Be Given Right To Refuse Cash

FINEXTRA: Denmark’s government is planning to help usher in the long-awaited cashless society by giving restaurants, gas stations and some shops the option to refuse notes and coins. Read more (more…)

Fintech news, news, p2p-payments

May 7, 2015

1611

Square’s $Cashtags let you pay people and businesses anywhere easily via the Web

THE NEXT WEB: Square introduced Square Cash in 2013 to go against Venmo as an easy payment system anyone can use to send some money over to friends and families. Turns out companies liked the idea too, so Square has now made Cash available for businesses in the US. As with Cash for consumers, payments are deposited directly into bank accounts with an intermediary holding account. Square is charging businesses a 1.5 percent fee (value of transaction being limited to $250 per transaction and $2500 per month) for the service – just over half the 2.75 percent it charges for payments via its hardware devices. Non-business money transfers are still free. (more…)

Fintech news, news, p2p-payments

March 24, 2015