Payments 2.0
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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
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BitPay lost $1.8m in phishing attack last year

BitPay lost $1.8m in phishing attack last year | Payments 2.0 | Scoop.it
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.
Therese Torris's insight:

There are many more successful phishing attacks that we never hear about

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Unfazed By Bitcoin’s issues, Silicon Valley VCs are keen to fund alternative digital currencies [An overview]

Unfazed By Bitcoin’s issues, Silicon Valley VCs are keen to fund alternative digital currencies [An overview] | Payments 2.0 | Scoop.it
Bitcoin's record highs and the ensuring surge in hacking attempts and thefts may be grabbing headlines. However, beneath the chaos, Silicon Valley's best-known venture firms are finally starting to make real bets around the crypto-currency...
Therese Torris's insight:

Relatively balanced overview of the Bitcoin business, its believers and its risks.

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Largest Bitcoin Payment Processor Raises $510,000 Angel Round

Largest Bitcoin Payment Processor Raises $510,000 Angel Round | Payments 2.0 | Scoop.it
BitPay founders Anthony Gallippi and Stephen Pair with Stephanie and Alison. BitPay, Inc.
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Bitpay and Bitstraat bid to turn Amsterdam into the world's Bitcoin capital

Bitpay and Bitstraat bid to turn Amsterdam into the world's Bitcoin capital | Payments 2.0 | Scoop.it

Bitpay is working with Dutch startup Bitstraat to turn Amsterdam into the Bitcoin capital of the world by giving away free hardware to retailers in the city.

Therese Torris's insight:

Great picture of a great city, too

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BitPay'chief believes fighting fraud is obsolete

BitPay'chief believes fighting fraud is obsolete | Payments 2.0 | Scoop.it

TechCrunch : ... 

One other interesting thing is that Gallippi explained to me that credit cards were never designed to be used on the Internet, which makes complete sense. Payment utilities are evolving (just look at Square), so it’s nice to see a company like BitPay step up and fight the good fight.

Visa has a billion dollar a year fraud prevention facility. Bitcoin makes this obsolete.

Therese Torris's insight:

"the good fight"?? .. It's pathetic. Bitcoins themselves are a major fraud risk.

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