According to Vinny Lingham, CEO of digital card platform Gyft, when the company first integrated bitcoin payments they accounted for 90% of the company’s sales. Although Paypal and credit card purchases made up the remaining 10%, Mr. Lingham has stated to CoinDesk that the field has shifted dramatically. Since the initial bitcoin integreation in 2013, …
According to one of the Juniper Research’s reports, Bitcoin cryptocurrency ecosystem will have nearly 5 million active users by 2019; chiefs of some of the world’s leading finance organizations, including Nasdaq and Westpac, believe Bitcoin technology will be a major disruptor for the traditional banking sector; the first quarter of 2015 reported a 51% increase …
Global financial services association BAFT is set to drive bitcoin and blockchain awareness with the launch of its new FinTech scheme. The association, which deals with a wide range of topics affecting transaction banking, launched the initiative in an attempt to draw attention to the various innovative technologies that are currently transforming services such as …
A California politician has become embroiled in a growing controversy surrounding an investment company, an alternative digital currency and investors who say they’ve been duped. According to reports by The Pasadena Star-News, state and federal regulators are investigating US Fine Investment Arts Inc (USFIA), a company backing a digital currency called Gemcoin. The Los Angeles Times …
Bitcoin continues to trade under pressure as bears make numerous attempts to break the floor of $220-225 on the eve of the expected U.S. Fed interest rate hike. Just as lowering the interest rates is considered equivalent to pumping money into the system, raising the interest rates is considered sucking out the money from the …