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Decentralized Payment Firm Radpay Raises $1.2M in Seed Round

Decentralized payment processing company Radpay has secured $1.2 million in a seed round, with the participation of investment firms Resiliency Ventures and BlackLaunch. Per a press release published on Nov. 18, Radpay completed a $1.2 million series seed round that reflects a 20% oversubscription. The company saw financial support from a number of Silicon Valley investors, Phoenix-based investment firms Resiliency Ventures and BlackLaunch, and investors from Nebraska and Arizona. Radpay is planning to allocate the …

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Ingenico Partners with Pundi X to Unlock Android-Based Crypto Payments

French payment firm Ingenico has partnered with Singapore-based crypto startup Pundi X to enable its customers to receive payments in crypto using smartphones.  Pundi X has integrated its point-of-sale payment gateway (XPOS) into Ingenico’s mobile portable POS solution APOS A8, the firm announced on Nov. 12. Through this partnership, merchants around the world using Ingenico’s Android-based APOS A8 will now be able to accept a wide number of crypto as payment options. Transactions will be …

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PayPal’s Axing of PornHub Model Payments May Boost Verge Crypto

Top adult entertainment site Pornhub has revealed that PayPal has abruptly cut its payments service to the large numbers of live performers using its platform. In a blog post Thursday, PornHub wrote: “We are all devastated by PayPal’s decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods.” The company called on those models with PayPal options selected in their accounts to use one of its other provided …

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MAS, JPMorgan Build Payments System With Inter-Blockchain Connectivity

The Monetary Authority of Singapore (MAS), the city-state’s central bank, has completed development of a blockchain-based cross border payments system that can support a range of currencies. Carried out as part of the ongoing Project Ubin initiative, the prototype platform was developed in partnership with investment banking multinational JPMorgan and Singapore government-owned investment firm Temasek. It’s now being tested to see if it lives up to its promise as a means to cut costs for …

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Singapore’s MAS, JPMorgan Unveil Multi-Currency Blockchain Prototype

Singapore’s central bank and state investment firm have created a prototype multi-currency blockchain-based payments network together with JPMorgan. A Nov. 11 report from The Business Times indicates that the prototype is designed to enable payments denominated in different currencies to be completed on the same network. Interfaces with other blockchain networks The Monetary Authority of Singapore (MAS) —  the city state’s de facto central bank — led the development of the new solution, working in …

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Malaysia to Impose Cash Transaction Limit of $6K in 2020: Report

Malaysia is planning to impose a $6,000 limit on cash transactions in 2020, according to a deputy governor at the country’s central bank. The new restrictions aim to prevent the use of cash in illicit activities, and won’t affect regulated financial institutions or other entities transacting for humanitarian aid purposes. The average Malaysian household spends $1,900 per month Abdul Rasheed, the deputy governor in question who works for Bank Negara Malaysia (BNM), claimed that the …

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Tracking Bitcoin Transactions, Explained | Cointelegraph

3. To begin with, it’s important to ensure that you’re paying sufficient fees. Over the years, the number of transactions being executed over the Bitcoin network has continued to increase apace. This has meant that miners end up prioritizing transactions with higher fees, including these in their blocks first. When a crypto transaction is sent with a lower fee, it can take hours, days and potentially weeks for it to be confirmed. Such long delays …

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Crypto Hedge Fund Ember Seeks $1 Million in SEC-Registered Equity Sale

Ember Fund, makers of an AI-managed cryptocurrency portfolio app, is seeking to raise up to $1 million through a Securities and Exchange Commission-registered securities sale. The year-old company revealed their intention in today’s filing with the SEC, detailing their sale of “Crowd SAFE” securities that will occur through the end of January 2020 on Republic, an online startup investment platform. SAFE stands for “simple agreement for future equity;” it is an investment contract entitling holders …

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Pre-Brexit, Koine Wins E-Money License from UK’s FCA, Now Seeking Luxembourg, UAE, U.S. Permissions

Digital asset custodian Koine Money Ltd. has secured an electronic money license from U.K. regulators, while it prepares for the eventualities of a future Brexit by seeking permissions abroad. On Thursday, the U.K’s Financial Conduct Authority granted Koine an e-money license – known as an EMI license – allowing Koine to issue its own digital cash and provide other payment services to institutional clients. The EMI license, however, does not certify or sanction Koine’s digital …

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‘Clicks and Bricks’ Strategy to Drive Korean Users to Terra’s Blockchain

A South Korean mobile payments dapp is rolling out a back-to-basics “clicks and bricks” growth strategy to boost retail adoption. Rather than an advertising blitz or sending an army of bots to make their case on social media, Terra Blockchain’s CHAI dapp is focusing on where customers actually transact to buy stuff. Co-founder Daniel Shin told CoinDesk said customers are drawn to a network of popular online merchants accepting CHAI, including one of Korea’s largest …

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