Convenience chain to install bitcoin ATMs
Payments Dive
MARCH 22, 2023
Pittsburgh-based GetGo joins a growing list of convenience store operators adding bitcoin ATMs, as retailers seek new ways to bring customers inside their stores.
Retail consumers and the reason they use and love Bitcoin
Payments Dive
AUGUST 28, 2020
Bitcoin has been a part of the financial marketplace for some time and has grown in popularity, especially amongst millennials and the unbanked. Marc Gren, co-founder and president of DigitalMint shares his thoughts on this topic.
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Retail consumers and the reason they use and love Bitcoin
Payments Dive
AUGUST 28, 2020
Bitcoin has been a part of the financial marketplace for some time and has grown in popularity, especially amongst millennials and the unbanked. Marc Gren, co-founder and president of DigitalMint shares his thoughts on this topic.
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Bitcoin Breaks Through $20,000 Mark, Hits Record Highs
PYMNTS
DECEMBER 16, 2020
Bitcoin continued its ongoing surge in price Wednesday (Dec. The price of a bitcoin traded higher by 5.6 This is the domino effect as asset managers tumble their portfolios into bitcoin,” Charles Hayter, CEO of market data provider CryptoCompare, told CNBC. percent, hitting around $20,600. What’s up looking ahead?
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Crypto Market Tops $1 Trillion As Bitcoin Smashes Records
PYMNTS
JANUARY 7, 2021
Bitcoin hit more than $37,700, a new record high that helped drive the cryptocurrency market beyond $1 trillion, CNBC reported on Thursday (Jan. Singapore time, bitcoin was up 5 percent over the day before. Some bitcoin bulls have called bitcoin “digital gold,” CNBC said, with J.P. At about 2:42 p.m.
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Bitcoin Rally Here to Stay – Or Fleeting?
PYMNTS
DECEMBER 17, 2020
Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. He said that “back then, the price was driven by mainly retail investors.”. Investors watch other investors.
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Are Bitcoin ATMs the right choice for retailers?
ATM Marketplace
APRIL 13, 2021
Bitcoin ATMs or BTMs are already spreading across the U.S. Retailers however, might be wondering if Bitcoin ATMs are right for them. and the world. To uncover the answer to that question, we need to take a look at the origins of BTMs, some challenges they have dealt with and what opportunities they provide.
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Bitcoin Daily: Russia Wants Cap On Retail Crypto Investments; Public Company Crypto Holdings Top $6.8B
PYMNTS
OCTOBER 14, 2020
The central bank of Russia is seeking to place a yearly cap on the amount of cryptocurrency that retail investors can purchase, CoinDesk reported. In separate news, public firms have nearly $7 billion in bitcoin holdings, Cointelegraph reported.
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Burger King Now Accepts Bitcoin
PYMNTS
SEPTEMBER 17, 2019
For some, bitcoin and cryptos — beyond a means of speculation — are a solution in search of a problem. However, among the more enthusiastic refrains from supporters: Cryptos will become ubiquitous as they scale into everyday retail environments. Might have to wait a bit, especially on the international stage. It’s been a slow start.
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Bitcoin Daily: Bitcoin Sets New Record For Days Closed At Over $10K; Conaway Introduces Bill To Make Crypto A Commodity
PYMNTS
SEPTEMBER 28, 2020
27), bitcoin set a record with 63 straight days of closing above $10,000, according to CoinDesk. Coin Metrics statistics show that the 180-day returns volatility for bitcoin is down 41 percent so far in September, CoinDesk reported. Closing at $10,793 on Sunday (Sept. The cryptocurrency's previous record was between Dec.
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Highs And Lows Of 2020 Could Be 2021’s Dress Rehearsal For Bitcoin And Cryptos
PYMNTS
DECEMBER 31, 2020
As of this writing, the marquee name in cryptocurrencies, bitcoin, is changing hands at more than $28,100. Along the way, institutional investments in bitcoin have gotten a boost. Square , PYMNTS reported, has held tens of millions of dollars of bitcoin on its balance sheet. As reported earlier this month, new U.S.
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Bitcoin Tracker: Bitcoin Cash, What’s Next For Retailers?
PYMNTS
AUGUST 3, 2017
All is not running business as usual in the bitcoin realm. Just last week, we reported on investors splitting off from bitcoin to create their own digital money dubbed Bitcoin Cash. The hope with this new bitcoin offering is to ramp up the number of transactions occurring in a shorter time frame.
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Beyond Bitcoin: Mainstream Acceptance Sparks Push For Everyday Cryptocurrency
PYMNTS
JANUARY 26, 2021
Bitcoin gets all the headlines. But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. At present, he said, a number of factors have inhibited the adoption of bitcoin as a transactional currency, including the fact that it’s expensive and can be very slow.
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Bitcoin Daily: Bitcoin Rises Above $15K; Spanish Firms Reveal Blockchain-Based Digital Identity Project
PYMNTS
NOVEMBER 5, 2020
5), bitcoin followed suit, rising to over $15,000, signaling a continued confidence in the cryptocurrency. Investors have continued to accumulate bitcoin throughout the year, specifically during the March and September price crashes, according to CoinDesk, signaling long-term confidence in the digital coin. It shows retail flow.
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New Cash App Feature Allows Automatic Bitcoin Purchases
PYMNTS
MAY 20, 2020
Consumers will now be able to make automatic purchases of bitcoin via Cash App, and in smaller satoshi denominations that could lead to more accessibility, CoinDesk reports. Because bitcoin is valued at around $10,000, even just one is too expensive for many retail investors. But with satoshis, there are 2.1 crypto exchange.
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Target Confirms Twitter Scam Involving Bitcoin
PYMNTS
NOVEMBER 13, 2018
13), with the bad guys using the retailer’s Twitter feed to trick unsuspecting consumers into giving away cryptocurrency. According to a report in The Next Web , scammers tweeted out links to scam giveaways that encourage users to send small amounts of cryptocurrency to have a chance at winning more than $31 million worth of bitcoin.
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PayPal’s Bitcoin Backing Proves Crypto Is Ready For Prime Time (And Grandma)
PYMNTS
NOVEMBER 30, 2020
When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. Wanted: Big Backers And Government Support.
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First Of 40 Burger King Venezuela Locations Now Accepts Bitcoin
PYMNTS
JANUARY 5, 2020
Burger King is letting people pay their way in Venezuela with a new bitcoin partnership that enables cryptocurrency purchases, CoinTelegraph reported on Saturday (Jan. The startup Cryptobuyer oversees a line of Bitcoin ATMs that convert cryptocurrency funds to pay out in fiat currency. . Confirmed in a Dec. Confirmed in a Dec.
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eBay Mulling Accepting Bitcoin As A Payment Method
PYMNTS
DECEMBER 13, 2017
Online retailer eBay , following in the footsteps of Overstock.com, is contemplating allowing bitcoin as a payment method. In an interview with Yahoo Finance , Scott Cutler, SVP of eBay Americas, said the eCommerce retailer is “seriously considering” accepting bitcoin payments but noted the company is “not quite there yet.”
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Bitcoin Daily: WHO Debuts MiPasa Blockchain To Share Covid-19 Data; Coinbase’s Retail Payments Portal Passes $200M Transactions Processed
PYMNTS
MARCH 29, 2020
But regardless of the current world disorder, people haven’t ceased paying for things in bitcoin, if the recent $200 million in transactions logged on retailer payment portal Coinbase Commerce are any indication. It encompasses 8,000 integrated retailers that have adopted crypto payments as valid.
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Bitcoin Daily: Bitcoin Stock Dips At Vaccine News; Crypto Licensing Bill Proposed In NJ; TradeStars Launches New Fantasy Sports Stocks Token
PYMNTS
NOVEMBER 9, 2020
As other stocks rebounded at the news of a breakthrough in Pfizer and BioNTech’s joint COVID-19 vaccine, bitcoin fell sharply to nearly $14,815, according to CoinDesk. By the end of the day, the stock had risen slightly, hitting $15,369.783 at 5:16 p.m. ET, but still down from the day’s starting point of $15,800. Meanwhile, New Jersey Sen.
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Bitcoin Daily: Bitcoin Kiosks At The Supermarket, tZERO To Launch Next Week
PYMNTS
JANUARY 20, 2019
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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Bitcoin Hits New All-Time-Low
PYMNTS
DECEMBER 3, 2018
Bitcoin marked the beginning of December with another drop in value – this time by 8 percent, according to a report by CNBC. Following a 37 percent drop in November, which took about $70 billion off bitcoin’s market value, the cryptocurrency found a new bottom at $3,790.96. Moro also pointed to a diversion in the bitcoin cash network.
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Bitcoin Daily: Venezuela Pizza Huts Now Take Bitcoin; $4.2 Billion In Cryptos Seized By China In PlusToken Investigation
PYMNTS
NOVEMBER 30, 2020
27 that it was partnering with the pizza chain to process cryptocurrencies, including Bitcoin, Litecoin, Binance Coin, Binance USD, Tether, Dash, Ether, Dai and XPT, Cryptobuyer’s native coin. Cryptobuyer has already partnered with companies such as Venezuelan retail chain Traki, Tamanaco Intercontinental Hotel in Caracas, and U.S.
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168 Here’s Why Bankers Should Care About Bitcoin [VIDEO]
Bank Innovation
MARCH 15, 2018
Even the most hidebound, incurious, old-school banker has heard the word “bitcoin” many times by now, whether from curious customers, well-meaning relatives, or the morning paper (print edition).
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American Express Partners with Bitcoin Wallet Abra
Bank Innovation
JULY 25, 2017
Digital bitcoin wallet Abra is introducing its digital money transfer application to a vast landscape of new users thanks to its integration with American Express, the companies announced today. This is the first time a major credit card has partnered with a digital card,” Abra CEO and founder Bill Barhydt told Bank Innovation.
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7-Eleven, Circle K ramp up bitcoin ATMs
Payments Dive
APRIL 5, 2023
The retailers are partners with Coinhub, which is bringing about 1,000 machines to convenience stores around the country.
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Digital Currency Eyes Wholesale — Not Retail — Payments Down Under
PYMNTS
JANUARY 20, 2020
Thus, the RBA is positing the creation and administration of a digital offering that would track the Australian dollar, as well as ostensibly sidestep the volatility that has marked the likes of bitcoin and its brethren. As a] unit of account, people don’t post their prices in bitcoin, even [at] bitcoin conferences. And Risks.
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Bitcoin Daily: Bitcoin’s Dive Lengthens; Swiss Stock Exchange Says ‘Yes’ To Bitcoin ETP
PYMNTS
NOVEMBER 20, 2018
The price of bitcoin dropped below the $5,000 level on Monday (Nov. The price of bitcoin was $4,762.63 According to MarketWatch, bitcoin has plummeted by more than 70 percent from its record high, and over 60 percent year to date. The retailer, established in New York, sells a range of products from car seats to toys.
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Bitcoin Tracker: How Secure Are Bitcoins?
PYMNTS
JULY 27, 2017
Security in the digital age is a goal for most retailers and consumers — and nearly everyone else in the business world. When it comes to personal information, especially data linked to payment accounts, the level of privacy and accuracy of security are key in keeping the retail world spinning. Although most U.S.
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Most Bitcoin Owners Hold Less Than $100 Worth
PYMNTS
DECEMBER 12, 2018
An analysis of bitcoin addresses shows that the majority of bitcoin (BTC) owners own only one-tenth of the digital currency, according to a report. million bitcoin addresses have at least some amount of bitcoin. Of those bitcoin addresses, only 20 percent have more than $100 of the cryptocurrency. There are 1.5
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175 Warren Buffett Disparages Bitcoin As A ‘Delusion’
PYMNTS
FEBRUARY 25, 2019
Billionaire investor Warren Buffett said that he sees “no unique value” in bitcoin, the world’s biggest cryptocurrency, calling it a “delusion, basically,” according to a report from CNBC. Bitcoin has struggled with value after reaching a high of almost $20,000 at the end of 2017. It attracts charlatans,” Buffett said. “If
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Overstock To Pay Some Ohio Business Taxes With Bitcoin
PYMNTS
JANUARY 3, 2019
Overstock , the online retailer and blockchain company, announced Thursday (Jan. 3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. Ohio is the first U.S.
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Machine Learning Sizzles, Bitcoin Fizzles And Schrödinger’s Physical Retail Does Both
PYMNTS
MARCH 10, 2017
What if we were to tell you that retail shopping isn’t dead? Fizzle of the Week: Bitcoin. We’d say it was a volatile week for bitcoin — but if we are being honest, every week is pretty much a volatile week for bitcoin. And this week bitcoin has once again failed to disappoint. Bricks and Mortar , Alive?
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Bitcoin Tracker: A Bitcoin In Spring
PYMNTS
APRIL 7, 2017
A beacon of hope has emerged for bitcoin just in time for spring — and it’s brought up prices with it. In a major move toward bitcoin legitimacy, Japan recognized bitcoin as a legal payment method on April 1. At the time of writing, one bitcoin was worth $1,176.70, up $42.82 And no, it wasn’t an April Fool’s joke.).
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103 Bitcoin Tumbles 8 Percent Over 24-Hour Period
PYMNTS
DECEMBER 7, 2018
In a new round of declines for bitcoin, the popular cryptocurrency tumbled 8 percent over a 24-hour period leading up to Friday (December 7) morning. And, beyond bitcoin, other major digital currencies also fell over the same day-long timeframe. The digital currency was trading at just over $3,375 as of 8:40 a.m. EST, CNBC reported.
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The Bitcoin Whale And The Bitcoin Fish Story
PYMNTS
NOVEMBER 4, 2019
The days of bitcoin at $20,000 seem long ago and far away. The pair had said in the past, as detailed via Bloomberg , that analyzing transactions across the blockchain show that the whale would have been able to send bitcoin prices higher if and when they slipped below certain levels. Hook, line and sinker, amid bulls and whales.
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Bitcoin Daily: Daimler Completes Pilot Blockchain Transaction; Bitcoin Payments Coming To Starbucks Via Fold App
PYMNTS
SEPTEMBER 26, 2019
In addition, Fold’s editor, Will Reeves, wrote in a blog post that users can now spend both fiat currency and bitcoin at online and in-store retailers by synchronizing their credit card or Lightning wallet. And the Brazilian Securities Commission ( CVM ) has banned a forex broker offering bitcoin options.
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102 Bitcoin Daily: Venezuelan Petro Oil Sales To Begin In 2019; Retail Investors Flee Bitcoin’s Fluctuations
PYMNTS
DECEMBER 9, 2018
And bitcoin’s nosedive has led many of the retail investors behind the crypto’s record rise of nearly $20,000 last December to leave it behind. Last week, bitcoin fell 8 percent to an all-time low, following a 37 percent drop in November, which took about $70 billion off bitcoin’s market value. billion last month.
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136 Bitcoin Gets Second (Or Third, Or Fourth) Wind
PYMNTS
MAY 14, 2019
Bitcoin, that marquee name in cryptocurrency, has seen its price swell by roughly that 60 percent number through the last few weeks, to about $8,000. Bitcoin got a huge jump on Monday (May 13), up 25 percent on the day, though there was no news specific to the cryptocurrency. Or to make one wonder why. As that happens, miners get 12.5
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Stripe Ends Support For Bitcoin Payments
PYMNTS
JANUARY 23, 2018
Four years after Stripe began accepting bitcoin, the payments platform has decided to end support for the popular cryptocurrency. The company said bitcoin’s volatility and lengthy transaction times led to its decision, TechCrunch reported. Since then, the value of bitcoin has skyrocketed, reaching nearly $20,000 in 2017.
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Adyen Sizzles, Bitcoin Fizzles And Retail Gets Its Groove Back
PYMNTS
JUNE 14, 2018
Sizzle of the Week: Retail’s 2018 Rebound. Retail has had a rough couple of years, as most players that aren’t Amazon have struggled to cross the digital, omnichannel chasm. On the whole, with some notable exceptions, retail has landed on our Fizzle list more often than the Sizzle list in recent memory. Retail sales are up 5.9
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Bitcoin Futures Rollout In Jeopardy
PYMNTS
MARCH 22, 2019
Intercontinental Exchange ( ICE )’s plans to launch bitcoin futures in November of last year have been delayed because of regulators. According to the paper, what’s holding up approval is a disagreement about how Bakkt (the name for the bitcoin futures) should be regulated. Back then it was trading near $20,000.
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