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Bitcoin Joins American Express and PayPal on 2017 List of Social Media Darlings

Bank Innovation

American Express is the “most-loved” financial service on social media in 2017, according to a recent report, followed by PayPal, Vanguard and bitcoin. To find out which brand was the consumer favorite, at least on social […].

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Bitcoin Daily: Ping An’s FinTech Arm Teams Up To Launch Blockchain Solution; CFTC Calls For Default Ruling For Alleged Ponzi Scheme Founder

PYMNTS

It is also one of the four FinTech “unicorns” being cultivated by Ping An, which is a state-backed group. Reynolds reportedly oversaw the operation, which misappropriated at least 22,858 bitcoin from over 1,000 customers from May of 2017 until last July when the complaint was filed. It was backed by SoftBank in a Series A round for $7.5

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Amazon’s Bitcoin Embrace And Cannabis Burgers Top The Week’s News

PYMNTS

Amazon Embraces Bitcoin. Bitcoin , through the lightning network, will soon be available as an option to pay on Amazon and other eCommerce sites. Amazon itself does not handle the bitcoin, and it was not clear which financial institutions are converting it from crypto to fiat (real currency) so merchants can receive actual money.

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Bitcoin Daily: China Regulator Eyes Digital Currency Veteran As Chief; Crypto Firm Founder Charged With ICO Fraud

PYMNTS

Yao’s hiring was anticipated because of his contribution to the development of the central bank digital currency (CBDC) and his deep understanding of FinTech and blockchain, according to Caijing. The new team would follow a model similar to Square Crypto, a bitcoin-focused entity separate from Dorsey’s FinTech unicorn Square. .

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Bitcoin Daily: US Treasury’s Mnuchin Says ‘Significant’ New Crypto Rules In Works; Spain’s FC Barcelona To Create Team Token

PYMNTS

In other news, soccer powerhouse Barcelona is teaming with Chiliz, a FinTech platform, with the intent of creating its own blockchain-based token for the team. Chiliz has created a coin called Barca Fan Token due to its partnership with the Spanish sports giant, which can be used on its social media app Socios.

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Amazon denies report of accepting bitcoin | SAP jumps aboard IBM Cloud for Financial Services | Microsoft names partner for financial services cloud

Bussman Advisory

The latest edition of the FinTech Ecosystem Newsletter is here : The post Amazon denies report of accepting bitcoin | SAP jumps aboard IBM Cloud for Financial Services | Microsoft names partner for financial services cloud appeared first on Bussmann Advisory AG.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And one of the most notable events of 2020 was the big appreciation in bitcoin’s price, tied as it is (and was) to optimism about cryptos’ future.