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|Suggested by Finance Pratique|
The world’s first listed Bitcoin mining company DigitalBTC (Digital CC Ltd.) has announced that it’s getting out of the game and instead entering the fintech remittance space.
DigitalBTC listed on the Australian Stock Exchange in March 2014 through a backdoor listing by taking over an existing small mining concern, and promised great things from its proposed mining operations but got one thing seriously wrong: it didn’t allow for the drop in the price of Bitcoin.
A bit late, but wise decision! On to the next hype of blockchain?
This article highlights the latest figures of chip card adoption in US in September 2015.
How things change! I remember very vividly my fellow analysts at Forrester Reseach US telling me that chip cards were not needed in the US market because they were cumbersome, unnecessarily secure and just slowing down transactions !!!!
Finextra: Twitter has teamed up with Square to let Americans donate to presidential candidates through the social network.
Good for Square which can use all the push it can get!
This article talks about PayPal.Me, a new service launched by PayPal which allows users to send, receive and request money using personalized link.
Unlike competitors like Square, PayPal.me is available in several countries. I wished they would make it cheaper.... that would definitely bring users more value!
Direct link https://www.paypal.me/
Finextra: Payments firm Dwolla is introducing a while label service that promises to give banks and businesses an API that does what ACH does without the overheads.
Great news that will hopefully shake up the payment incumbents
Ripple has received an additional $4m in funding from Santander InnoVentures, bringing its Series A total to $32m.
Brings total raised to $38M
Finextra: Jack Dorsey has confirmed that he will stay on as CEO of Square, despite taking on the same role at the other multi-billion dollar company he co-founded, Twitter.
JAck Dorsey is said to be working 20h a day, but stil... Square is not doing great and neither is Twitter. Each separately would require his full attention.
Finextra: An investment fund backed by some of Silicon Valley's biggest names, including Mark Zuckerberg and Jack Dorsey, has put money into Adyen in a deal that sees the Dutch payments processing firm valued at $2.3 billion.
Total funding raised = $266 in 3 rounds according to Crunchbase
Finextra: Google has released a new Wallet app for iOS with a clear focus on peer-to-peer payments and wallet-to-bank transfers.
Better late than never or too late?
Finextra: BitPay lost $1.8 million in a phishing attack late last year, according to lawsuit filed by the bitcoin payment processing firm against an insurer it is trying to get to cover some of the losses.
There are many more successful phishing attacks that we never hear about
Finextra: The private equity owners of Worldpay are reconsidering their planned mega-flotation of the British payments company as French rival Ingenico drums up funds for a £6.6 billion takeover bid.
The payments' stakes are rising!
The article talks about 26 US Payments Companies That Raised Money in 2015
Payment startups are still hot in spite of the lack of success of leading fundraisers like Square
Finextra: The UK's next £20 note will be printed on polymer in a move to make the paper currency more secure and durable.
The £20 note is Britain's most common tender, with around 1.9 billion in circulation at the end of February, compared with 737 million £10 notes, according to Bank data Photo: EPA/ANDY RAINsource :