While some have doubts when it comes to cryptocurrencies as a form of payment, this survey of active users indicates that they are genuinely impactful reasons for switching to crypto.
El Salvador reportedly weighing paying employees in Bitcoin
A 2001 law on monetary integration in the country states that salaries and fees may only be paid in colónes or dollars.
Latin American telecom company accepts crypto payments through BitPay
GoldConnect will be able to process crypto transactions made in Bitcoin, Ether and other digital assets through its new LatamConnect platform.
Former PayPal employees launch decentralized cross-border payment network on Algorand
“Fueling cross-border transactions with regulated stablecoins to represent fiat on-chain has never been done before,” said Borderless Capital CEO David Garcia.
Remittance firms hesitant to support BTC despite legal tender law in El Salvador
Remittance firms operating in El Salvador appear reluctant to support Bitcoin despite the country’s new law mandating the crypto asset as legal tender.
PayPal users will be able to withdraw crypto to external wallets
Prior to Wednesday’s decision, PayPal users weren’t allowed to move their holdings off the platform.
Apple seeks to hire ‘alternative payments’ manager with crypto experience
“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” the job post reads.
Bank of Indonesia joins central bank digital currency race
After banning crypto payments back in 2017, Indonesia is looking to allow payments in a digital rupiah currency.
Stellar Development Foundation invests $15M in Mexico crypto exchange
Airtm is aiming to solve a myriad of financial challenges in Latin America tied to last-mile remittance, affordability and equitable access to the global banking system.
Russian officials consider partial lift on crypto payment ban
Some Russian officials want to allow cryptocurrencies for payments under domestic contract law.
Luxury yacht firm accepts Bitcoin, hosts mobile and web services on blockchain
The company said it expects to see 40% growth from Bitcoin payments in the first year.
‘Cash, candy or Bitcoin’: Paying minors in 2021
“We want our kids to be able to think independently about money,” said Eddie Yoon.
City in North Dakota now accepts cryptocurrency for utility payments
The city of Williston of North Dakota has officially started accepting cryptocurrencies like Bitcoin for utility payments via BitPay.
Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot
The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC.
As Bitcoin’s payment options grow, BTC true future role up for debate
Declaring BTC a store of value — e.g., gold 2.0 — but not a medium of exchange, defies logic. It must first have a use case.
Nuvei eyeing $250M acquisition of crypto startup Simplex
Simplex is a fiat-to-crypto onramp that has scored several high-profile partnerships in recent months.
For sports fans, DOGE is starting to look like crypto’s real MVP
Mark Cuban said the Dallas Mavericks are selling more merchandise in a day with DOGE than in a year with Bitcoin or Ether.
Bahamas central bank prepares national Sand Dollar push this summer
The Bahamas is beginning a push for national digital currency adoption this summer, the central bank’s governor, John Rolle, said.
Auction giant Sotheby’s to accept BTC and ETH as payment via Coinbase
Bitcoin and Ether will bring the next step of Sotheby’s crypto adoption after the firm debuted NFTs earlier this year, its CEO said.
Employer paid worker in crypto, then demanded it back when price rose
“I have worked with this person for many years, and he has a tendency to try to change the terms of payment after agreeing on a certain way of operating,” said the contract worker.