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Cash, Card or Crypto? — Platform Helps Stores Accept Digital Payments
Through Elipay, merchants can accept Bitcoin Cash, Bitcoin, Ether and ELI tokens (its native currency) via a platform that can be integrated into their existing infrastructure. Settlements occur immediately — and the company claims its technology eliminates the delays seen when credit card payments are being cleared. To address concerns over volatility, businesses that accept digital currencies can opt to receive revenue in their local currency, meaning no in-depth crypto knowledge is required.
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On Crypto Exchanges, the Trades Don’t Always Add Up
Regulators and companies are scrambling to address rampant fraud on cryptocurrency exchanges; many services that sort through exchange data are now available.
tags: Liquidity Fintech CryptoAssets
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Need for speed – How is the race towards instant payments shaping the world of compliance?
As demand for speedier cross-border payments continues to grow, so too does the burden on banks to keep these payments compliant and secure. Heather Lee, financial crime compliance, sanctions strategy at Swift, explores how industry collaboration can satisfy the needs of both business and regulators
tags: CrossBorder PaymentSystems Fintech
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What are the odds Facebook’s Libra launches on time?
“Ten years after Bitcoin began operating, we are still trying to understand it and regulators have not figured out what to do about it,” said Angela Walch. “In the end, Facebook and Libra are entering the high-stakes domain of money and finance—they should expect to carry a heavy regulatory burden just as others operating in this space do.”
tags: Regulation AltCoins Facebook Stablecoins CryptoAssets Fintech
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NY DFS Superintendent Linda Lacewell Announces Newly Created Research and Innovation Division
The New York State Department of Financial Services has created a new Research and Innovation Division that will oversee the licensing of cryptocurrency firms. The division will be responsible for “licensing and supervising virtual currencies,” such as BitLicense, address financial inclusion, as well as protect consumer data rights.
tags: Fintech CryptoAssets Regulation
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German Crypto Businesses Will Need a BaFin License In 2020
Cryptocurrency companies operating in Germany will need to apply for licenses if they intend to keep working legally in the country next year.
tags: Fintech CryptoAssets AMLCFT Regulation
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Whitepaper Deep Dive — Move: Facebook Libra Blockchain’s New Programming Language
Key characteristics of Move and How it differentiates with Ethereum from a developer’s perspective…
Kiffmeister’s Fintech Daily Digest 07/25/2019
