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payments
Crypto Card Provider Simplex Being Acquired by Canadian Firm for $250M
The Visa network member provides users with crypto on-ramp/off-ramp capabilities using debit and credit cards.
Federal Reserve Proposes Guidelines for ‘Novel’ Banks to Access Fed Payments
The Federal Reserve is developing guidelines that would, if passed, provide crypto banking companies like Avanti access to the federal payments system. CoinDesk’s Nik De breaks down the significance of the proposal. Plus, a discussion of the IRS’s recent “John Doe” summons on Kraken.
Auto Insurer to Allow Policyholders to Send, Receive Payments in Bitcoin
San Francisco-based Metromile will purchase $10 million worth of bitcoin to offer policyholders an option for payment of claims.
Bakkt App Will Allow Users to Spend Crypto on Cantaloupe's Retail Network
The new partnership will mean bitcoin and loyalty points can be used to buy items at more than a million Cantaloupe retail devices.
Sotheby’s to Accept Crypto as Payment for Banksy Artwork
Cryptocurrency exchange Coinbase is partnering with the auction house for the groundbreaking sale.
Mastercard Survey Offers Tentative Encouragement for Crypto Adoption
The payments giant polled 15,569 consumers in 18 countries; 40% said they plan to use cryptocurrency in the next year.
EBay CEO Hints at Crypto Payments, NFT Sales
But don’t hold your breath: “We have no immediate plans,” a spokesperson said of crypto payments following Jamie Iannone’s appearance on CNBC.
Coinbase Debuts 'Buy With PayPal' Feature (but Read the Fine Print)
The integration could lead to massive, and avoidable, costs for users who don’t pay attention to Coinbase’s fee schedule.
PayPal-Owned Venmo Adds Bitcoin Buying and Selling
Customers will be able to buy and sell crypto on Venmo for a fee starting from $1.
Celo Network Adds Deutsche Telekom as Partner; German Telco Buys ‘Significant’ CELO Position
Big companies buying bitcoin for their balance sheets is so last year.
