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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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GDPR Compliance Yet To Gain Traction

PYMNTS

The initial verdicts of General Data Protection Regulation (GDPR) are in, at least in terms of compliance – or lack thereof. In news this past week, studies have shown that compliance rates are indeed low, three months in. are in compliance. How low are the rates? Isolated by a few countries, only 21 percent of firms in the U.K.

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Bitcoin Daily: Australian Crypto Fraudsters Racked Up $4.3M In 2018; Regs Tells Finland Crypto Companies To Register

PYMNTS

In addition, over 80 percent of victims were contacted through the internet via social media, forums, or email. A planned luxury development that was going to be sold in bitcoin has been put on hold.

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Putting Bitcoin Where It Belongs, Circle Partners with Barclays in U.K.

Bank Innovation

The point of Bitcoin isn’t just to use Bitcoin, despite what anarchists might think — it’s about using the digital currency to enable smoother, easier financial transactions. It seems like Circle has cryptocurrency all figured out.

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Blockchain Tracker: Insurance Industry Feels Blockchain Impact

PYMNTS

However, earlier this week, we reported on a virtual insurance agent company partnering up with Facebook to offer quote comparison shopping via the social media giant’s Messenger chatbot. PYMNTS: Following the SEC’s decision to reject the bitcoin ETF, how does this impact the advancement of blockchain technology both in the U.S.

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What We Talk About When We Talk (Sizzling) Voice-Activated Speakers

PYMNTS

But for now … 14 billion visits to online retailers in the past year, from May 2016 to May 2017, and 14 million visits via social media mentions is nothing to sneeze at, speaking to wide recognition of the lure of the devices. Bitcoin fees mean bitcoin trading lags: Wanna buy a $5 cup of coffee using bitcoin?

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Bitcoin Daily: Unicas Opens Physical Crypto Bank Branch In India; Mayor Eyes Investing 1 Pct Of Miami's Reserves In Bitcoin

PYMNTS

In other news, Miami Mayor Francis Suarez, a nonstop social media cheerleader for the notion of building a high-tech ecosystem in South Florida, publicly embraced exploring using cryptocurrency to store some government financial reserves and blockchain to secure processes such as online voting.

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