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How to Buy and Sell Bitcoin with a Credit Card and Prepaid Card

October 10, 2018 By Mark Lyford Leave a Comment

As a company that strives to always stay on the cutting edge of advancements in the cryptocurrency world, Bitcoin of America has recently launched two new exciting changes to their website. Aside from providing an exchange that allows users to buy Bitcoin, sell Bitcoin, and find Bitcoin ATMs near them, Bitcoin of America has continued to revolutionize cryptocurrency transactions by offering a buy Bitcoin with Credit Card option and sell Bitcoin to a prepaid card option.

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Bitcoin Core Developer Advocates Credit Card Payments Over BTC

October 9, 2018 By Mark Lyford Leave a Comment

Bitcoin Core developer Jimmy Song has caused controversy by suggesting that bitcoin enthusiasts would be better off using credit cards as a means of payment. He described this strategy as being “more rational and convenient” than making multiple onchain transactions. His advice flies in the face of the rationale behind Bitcoin and has provoked a strong response.

Also read: Credit Card Cartels Landed With $ 6.2 Billion Price-Fixing Bill Read more...

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NetCents Crypto Credit Card to Help Increase Mainstream Adoption

August 28, 2018 By Mark Lyford Leave a Comment

NetCents cryptocurrency credit card will be accepted at 40 million merchant locations globally in an effort to directly compete with Visa and Mastercard. The company will also integrate its loyalty programme with its crypto credit cards to encourage and reward users for spending digital currencies.

NetCents To Facilitate Seamless Crypto Spending

NetCents Technology, a Canada-based payments processing company, has unveiled its new digital currency credit-card service — which will be operational in the domestic market by Q4 2018, and the European markets by early 2019. This service has been launched to make it extremely easy for cryptocurrency enthusiasts to spend their digital currency holdings. Read more...

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Jubiter Lets Anyone with a Credit Card Easily Step into the World of Crypto

August 27, 2018 By Mark Lyford Leave a Comment

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

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Crypto Credit Cards Are Hot, Don’t Miss Out On The Upcoming Trend

August 23, 2018 By Mark Lyford Leave a Comment

Cryptocurrency cards are the future. It’s obvious isn’t it. In order to make cryptocurrency friendlier and easier to spend, we need to integrate it into our daily lives. Bank cards, credit cards and debit cards are already a key part of our existence, therefore integrating a cryptocurrency credit card into our routine would be plain and simple.

Cards are convenient, easy to use and generally universally accepted. They are safe, secure and also don’t take up a lot of space.

Continue reading Crypto Credit Cards Are Hot, Don’t Miss Out On The Upcoming Trend at Crypto Daily™. Read more...

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Binance Labs Announces Partnership With Libra Credit

July 29, 2018 By Mark Lyford Leave a Comment

Binance Labs, the investment wing of the leading cryptocurrency exchange, Binance, has announced that it has invested in Libra Credit – “a decentralized digital asset financial services platform.” The partnership will allow holders of Binance’s native token, Binance Coin (BNB), to use their BNB as collateral for loans in crypto of fiat currency.

Also Read: Pantera Capital Reports Lifetime Return of More Than 10,000%

BNB Holders Able to Stake Holdings to Borrow Fiat or Crypto

Binance Labs the investment arm of Binance, has revealed a partnership with the decentralized global lending network, Libra Credit. Libra Credit is a lending network based on the Ethereum blockchain, with the company planning to launch its platform in the third quarter of 2018, before also launching a mobile phone application in Q4. Read more...

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Binance Partners With Libra Credit to Offer Loans to BNB Holders

July 29, 2018 By Mark Lyford Leave a Comment

Binance Labs has invested in cryptocurrency loans company Libra Credit who will offer fiat and cryptocurrency loans to BNB holders using their coins as collateral.

The latest venture by the investment arm of the world’s largest cryptocurrency exchange, Binance, will take advantage of a growing demand for the liquidity of crypto-assets. Binance Labs is a social impact fund which incubates and invests in cryptocurrency and blockchain projects.

Libra Credit is branded as a decentralized digital asset financial services platform, and it has a primary focus on lending. Its initial coin offering (ICO) with the coin (LBA) ended May 5, 2018, having raised $ 26 million. Libra is planning to launch both a desktop lending platform and a mobile application for borrowers. Read more...

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Credit Ratings for Unbanked With Blockchain Data Collaboration Protocol

July 21, 2018 By Mark Lyford Leave a Comment

Points (PTS), a blockchain data collaboration protocol for better credit scoring and inclusive finance, has announced $ 8 million in funding from traditional and blockchain venture capital including DHVC, Cherubic Ventures, Ce Yuan, Ontology Foundation, Nest.Bio Ventures, and Zhong Cheng Xin Credit Technology.

In an effort to make credit accessible to the world’s unbanked population of 1.7 billion people, Points uses blockchain technology and AI to develop a secure and configurable protocol that encourages trustless entities, including banks, institutions, tech companies and consumers to participate in sharing their proprietary data.

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Abra Announces New Credit Card Payment Options for Bitcoin Purchases

July 13, 2018 By Mark Lyford Leave a Comment

Bitcoin payment startup Abra has announced the addition of Visa and Mastercard payment options for buying bitcoin on its platform. The new payment option is in partnership with fintech company Simplex, per the company’s blog post.

Up until today, users who wanted to purchase cryptocurrencies were limited to a few options that included bank deposits and wire transfers. In addition to these, the company also offers a means of buying altcoins using either bitcoin or litecoin for countries where bank wires and deposit options are unavailable. Read more...

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As Bitcoin Futures Volumes Increase Credit Agencies Look to Downgrade Dealers

June 13, 2018 By Mark Lyford Leave a Comment

This past April, news.Bitcoin.com reported on the Bitcoin futures markets offered by the two derivatives giants Cboe and CME Group and how contract volumes were steadily rising. This month, while BTC-spot prices slide to significant lows, both futures products from these two companies are still seeing increased demand for contracts.

Also Read: A New Cryptocurrency Radio Broadcast Launches on Boston’s FM 104.9 Read more...

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Wells Fargo Halts Credit Card Cryptocurrency Purchases

June 12, 2018 By Mark Lyford Leave a Comment

Wells Fargo & Company, a San Francisco-based financial services giant, announced recently that it will no longer allow cryptocurrency purchases using its bank-issued credit cards.

Joining the Ranks

U.S. financial services company Wells Fargo and Company has announced that it will no longer allow customers to use bank-issued credit cards for cryptocurrency purchases.

With this move, Wells Fargo joins the ranks of other major U.S. banks who have already prohibited the purchase of cryptocurrency with their credit cards — namely, JP Morgan Chase, Bank of America, and Citigroup.

The main concern, as expressed by a Wells Fargo spokesperson, lies within the high volatility of the cryptocurrency market: Read more...

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Crypto Credit Cards Are Back – Decoin Will Release a New Solution

June 5, 2018 By Mark Lyford Leave a Comment

The final quarter of 2017 saw cryptocurrency break into the mainstream. News media discussed it, investors flocked to it, and widespread use seemed close to a reality. Credit and debit cards that allowed users to spend cryptocurrency directly at the point of purchase became prolific.

Companies like the upcoming blockchain project, Decoin, are poised to disrupt the crypto-credit card industry with innovative new solutions. Unknown to many of these users, there was a bottleneck in the market. Most of these cards were issued through the payment processor WaveCrest. When Visa suddenly suspended WaveCrest from their platform, these cards were rendered instantly unusable. Read more...

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A Look at the Credit Card Shaped Hardware Device Called ‘Coolwallet’

May 20, 2018 By Mark Lyford Leave a Comment

Cryptocurrency enthusiasts take security and storage seriously, and there are a bunch of different hardware solutions out there. One startup has released a different kind of digital asset hardware wallet that is the same size and shape as a credit card. Due to the design of the new ‘Coolwallet S,’ the wallet can be hidden very easily alongside the option of being carried effortlessly in your back pocket.

Also read: Bitcoin in Brief Saturday: Warren Warned By Billboards, Coinbase Tempted by Banking Read more...

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Why Lightning Network Will Finally Help Bitcoin Beat Credit Cards, PayPal

May 17, 2018 By Mark Lyford Leave a Comment

The Lightning Network (LN) is approaching 2000 functional nodes as users begin to highlight the conspicuous cost savings using the technology.

Lightning: 1997 Nodes, 6600 Channels, $ 150,000 Capacity

Data captured from an overview of LN’s Bitcoin mainnet integration showed 1997 reachable nodes (with the actual number presumably much higher) at press time, with 6614 open channels and a total network capacity in excess of $ 150,000.

Despite remaining a challenging tool in terms of user interface, the technology has markedly improved in the approximately five months it has been active. Read more...

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Polish Credit Office to Deploy Blockchain Solution for Credit Histories

May 17, 2018 By Mark Lyford Leave a Comment

The Polish Credit Office BIK, the largest credit office in Central and Eastern Europe, in partnership with Distributed Ledger Technology (DLT) provider Billon, will implement a blockchain technology solution for storage and secure access to highly sensitive customer information.

“Our cooperation with Billon is long-term,” said Mariusz Cholewa, president of BIK. “We believe that blockchain technology will transform how the financial sector communicates sensitive data with clients. Our solution will soon be expanded to include electronic delivery with active confirmation and remote signing of online agreements. It is also important that the solution meets the legal requirements of a durable medium of information, as well as the requirements of the EU General Data Protection Regulation [GDPR], which comes into force this month.” Read more...

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[Guest Post] With Banks Banning Cryptocurrency Purchases on Credit Card, What Should Your Next Step Be?

April 4, 2018 By Mark Lyford Leave a Comment

By Harsh Agrawal Recently the cryptocurrency world received a jolt of sorts, when several major banks decided to ban the purchases of virtual currency using Credit Cards. Bank of America, Citigroup, Lloyds Banking Group, Virgin Money, JPMorgan have all halted cryptocurrency purchases made on Credit….

The post [Guest Post] With Banks Banning Cryptocurrency Purchases on Credit Card, What Should Your Next Step Be? appeared first on CoinReport.

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Canadians Can Now Buy Bitcoin With a Credit Card From an App

April 4, 2018 By Mark Lyford Leave a Comment

Bitcoin might get a serious kick towards widespread and unobtrusive adoption as a leading Canadian fintech company Mogo launched a new app letting people buy Bitcoin with a credit card.

Canadian Can Now Buy Bitcoin from Their Phones

Mogo, a Vancouver-based Fintech Company, also claims to be the very first in the country to bring an accessible solution for buying and selling bitcoin right at the fingertips of its users.

David Feller, Founder and CEO of Mogo, says:

Canadians are looking for a trusted and simple solution to buy and sell bitcoin, and that’s the need we’re addressing with MogoCrypto. Read more...

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Some Major Canadian Banks Still Allow Cryptocurrency Credit Card Transactions

February 25, 2018 By Mark Lyford Leave a Comment

While TD Bank has revised its policies and stopped allowing customers to purchase cryptocurrencies using its credit cards, some major banks in Canada still allow crypto credit card transactions, the banks reportedly confirmed on Friday.

Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten

TD Bank Halts Crypto Credit Card Purchases

Canada’s largest bank by assets as of April of last year, Toronto-Dominion Bank (TD Bank), said on Friday that it is “halting the use of its credit cards to buy cryptocurrency as it conducts a review of the ‘evolving market’,” Financial Post reported. The bank explained in an emailed statement: Read more...

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TD Bank The Latest to Halt Cryptocurrency Purchases Using Credit Cards

February 24, 2018 By Mark Lyford Leave a Comment

Toronto-Dominion (TD) Bank is the latest financial institution to ban customers from using their credit cards to purchase cryptocurrency. As more retail investors continue to be onboarded, banks are looking to protect them from making ignorant decisions.

Weighing Risk, Regulation, and Rapidity

In a recent move that has become common from banks, TD Bank is effectively halting the use of credit cards to purchase cryptocurrency. Originally still permitting purchases even after the first move from banks began, TD Bank has now fallen in line with a growing policy change. Read more...

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Bread Launches Instant Bitcoin Purchases via Credit Card

February 7, 2018 By Mark Lyford Leave a Comment

Those looking to buy the dip and take advantage of what is essentially a 60%-off Bitcoin sale can now conveniently purchase the dominant cryptocurrency with credit cards via Bread.

The Best Thing Since Sliced Bread

Bread, a clean and user-friendly Bitcoin wallet available on both iOS and Android, announced this week:

Starting this week, Bread customers around the world will have the ability to use a credit card to purchase bitcoin and have it deposited directly into their Bread. This new feature builds on a partner integration with Simplex to allow high limits and near-instant delivery for most users. Read more...

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