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Bitcoin Daily: BoE Economist Cites Benefits Of Digital Assets; Online Gamblers Choose Crypto To Cash Out; One Charged In $2M Crypto Theft

PYMNTS

While recognizing that digital currencies do pose risks, including the possibility of imposing “a macro-economic cost,” Haldane argued that a digital currency could mitigate technological constraints on lending, provide additional payments security, and increase stability. “I In other news, the U.S.

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

PYMNTS

Visa’s newest APIs will help those within the Visa ecosystem to create digital cards on demand and add digital services. In addition, they are expected to jointly explore new product and service offerings in digital lending. Is Apple Card Already Changing Payments? Amazon Embraces Bitcoin. Welcome to the PYMNTS Weekender.

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Bitcoin Daily: Lender Vauld Nets $2 Million To Expand To Full Crypto Bank; SEC Freezes Assets Of Virgil Capital In Alleged Fraud In Crypto Trading Fund; Japan's SBI Holdings Claims Ripple's XRP Is Crypto, Not A Security

PYMNTS

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. 28), claiming that XRP is a “cryptocurrency asset,” not a security, CoinDesk reported, citing the company’s press release.

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Bitcoin (And Other Crypto) Use Cases Fizzle, Bit By Bit?

PYMNTS

Much hype and hope surrounds the adoption of cryptocurrencies — bitcoin among them as the marquee name in the space, of course — beyond the Wild West of speculative trading that exists now. Favor has met with disfavor, and bitcoin now trades at $3,990 — a bit above nadirs around $3,400 and well off highs that neared $20,000.

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Bitcoin Tracker: The Unbanked-Profit Dilemma

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Can the unbanked benefit from bitcoin, or are they merely the experimental subjects of bitcoin adherents, lobbyists and scientists? This week’s Bitcoin Tracker takes a look at the recent bitcoin projects that are in the news and that are targeting the unbanked. Vogel also wanted to clarify regulations surrounding bitcoin.

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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

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Consumers always have their debit card handy and and can provide that number to a sender – knowing that if something goes wrong they are protected. So, we all know this – chip cards were not going to fix the problem of fraud at the POS. Bitcoin’s Big Summer Fizzle. Depends on who you ask. Unencrypted POS Data.

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Crypto Lenders See Demand From The Faithful And The Skeptical

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This is helping those who believe cryptocurrency prices will go higher by allowing them to cover the bills, while also lending digital tokens to people who think the price can fall further. BlockFi told Bloomberg that it’s gearing up to roll out more credit products, such as a bitcoin interest-bearing savings account and a loyalty card.