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Square Buys Up $50M In Bitcoin

PYMNTS

Square , the FinTech payments company headed by Twitter CEO Jack Dorsey, announced on Thursday (Oct. 8) that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We In both cases, the purchases amount to a long-term bullish bet on bitcoin.

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Highlights from John Glen’s Keynote Speech at the Innovate Finance Global Summit on Crypto

Perficient

John Glen, Economic Secretary to the Treasury of the United Kingdom, delivered the keynote speech at the Innovate Finance Global Summit held in London last month. He discussed this and more in his keynote speech, dissected and summarized below: Read the full transcription of Glen’s keynote speech here.

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Bitcoin’s Impact on Fintech Organizations Won’t Beat AI, Survey Says

Bank Innovation

When it comes to the innovations in finance that will impact the way future organizations are run, artificial intelligence and machine learning is likely to have a larger effect than bitcoin or cryptocurrency, a survey from investor communications company Mediant found.

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What is the State of Banking Innovation in 2017?

Bank Innovation

What is the state of banking innovation today? Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. This year, the pressure for banks to innovate is high, as banks no longer […].

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Ternio CEO: Crypto’s Transformation Will Come From The Fed, Not Bitcoin

PYMNTS

At a time when 90 percent of Americans have never owned bitcoin and nearly 70 percent say they have no plans to do so in the future, the thought of widespread adoption and usage of cryptocurrency seems to be a distant prospect for most people. Bitcoin is awesome. Ternio CEO Daniel Gouldman , however, is not one of them. “I Baby Steps

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Bitcoin Daily: Bitcoin Kiosks At The Supermarket, tZERO To Launch Next Week

PYMNTS

Meanwhile, a study by data firm Chainalysis has found that bitcoin as a form of payment doubled in 2018 on darknet market sites. Bitcoin transaction volumes on darknet markets, where people can buy illegal goods, saw an increase over the entire year to reach an average of $2 million daily.

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No More Bitcoin Payments on Stripe

Bank Innovation

Payment processor Stripe will no longer support bitcoin payments on its platform, citing the cryptocurrency’s price volatility as a factor making it an unsuitable form of payment.

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