Every now and then, the digital currency ecosystem receives positive marks from unlikely allies. Visa, one of the world’s leading credit card issuers, recently stated how 2015 was a breakthrough year for payments. With transaction volumes growing and new players joining the game, the next few years will be very interesting to say the least. Additionally, the blockchain is no longer a payment tool that can be ignored either.
In order to take Bitcoin as a payment method to the next level, a lot of things will have to change and evolve in the coming years. Stripe, one of the few Bitcoin payment processors that are known outside of the digital currency world, has raised more funding and partnered with Visa to take their business further than ever before.
Stripe: Bitcoin, Credit Cards & Money In General
One of the main reasons why Stripe has become so popular has nothing to do with Bitcoin payments, even though that is a nice bonus. Stripe is also a major credit card processor in the United States, and despite their branching out to alternative payments, credit cards remain the company’s bread and butter.
If Visa Europe has a say in the matter, most of us will be using mobile credit card payments within 18 months from now. While credit card payments are convenient for the consumer, they also bring quite the security risk to the table in terms of chargebacks, fraud, and cards being misused. Bitcoin is another payment method that has been available on mobile devices for quite some time now. Which one is most convenient? Let’s find out.
Buying and selling Bitcoin in the United States is still subject to certain limits on the amount you can purchase per week. Even though companies such as Circle (US$2,500 per week) and CoinBase (US$1,000 per week if you purchase up to US$50,000; otherwise just US$100 per week). are active companies in the US markets, there is still a lot of room for competition. Trucoin is aiming to fill that gap, as their customers can now purchase up to U$1,000 in Bitcoin on a daily basis.
TruCoin Available In 32 US States Right Now
More announcements and surprises from one of the hottest Cryptos right now, BurnerCoin. The closed beta testing for the new BURN wallet begins today, BurnerConnect was announced, and some misconceptions have been cleared up. Let’s go, go go!
As of today, 10 lucky, hand picked beta testers are checking and using the new BurnerCoin client. This beta testing will go on for about roughly a full week, and we will keep an eye out for any further updates from the developer.
The panel for this session consists of Josh Metnick (Chicago Sun Times) , Pierre Noizat (Paymium Founder) , Todd Edelbohls (Coinbase) , Michael Gronager (COO of Payward Inc) and Radoslav Albrecht (BitBond Founder)
This Bitcoin 2014 panel will be looking at the competitive advantages provided by merchant services using Bitcoin as opposed to the traditional players in the merchant services market. Current and future innovations to put bitcoin ahead of the game will be discussed.
Josh Metnick has some experience implementing backend services in regards to Bitcoin payment integration, as he is the CTO of Chicago Sun Times.
The tight-lipped Bitcoin exchange, and CoinDesk Bitcoin Price Index member, BTC-e is now allowing customers to withdraw funds to Visa and MasterCard debit and credit cards, with some exceptions. The company’s blog post on 21st March indicated that the new program is now available to customers in any country, using any currency. All customers will pay a 5% fee for the service.
This new functionality is noteworthy as it will allow customers to send money to debit and credit cards issued by two of the largest and most commonly used international card issuers. At present, the transfer of funds is only possible in US dollars.