Venezuelan Airport To Accept Payment In Bitcoin

One of Venezuela’s major international airports is making preparations to start accepting Bitcoin as a mode of payment. The Simón Bolívar International Airport has announced arrangements for BTC, DASH, and Venezuela’s oil-pegged crypto token – petro – for airport services. Preparations To Adopt Cryptocurrency As Payment Previously, Venezuelan regional news broadcasting company, El Siglo, reported that country’s largest international airport is interested in cryptocurrency as a payment method. Venezuela’s international airport giant, Simón Bolívar International Airport also called “Maiquetia” has announced its interest in using cryptocurrency for payments. The enormous…

Second largest US mortgage lender UWM dumps Bitcoin payment plans

United Wholesale Mortgage (UWM), one of the largest wholesale and purchase lenders in the United States, is ditching Bitcoin (BTC) payment plans after running a test. UWM officially announced Thursday that the company has successfully conducted its first-ever cryptocurrency mortgage pilot, accepting five crypto payments in October and one in September. The firm did not disclose more information about the test, neither specifying what cryptocurrencies were part of the pilot nor what companies have assisted the firm in completing it. “We’re proud to be the first mortgage lender to successfully…

AMC Theatres to Accept Crypto in Payment for Gift Cards — CoinDesk

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DBS Bank’s Brokerage Arm Receives Licence From Singapore Regulator Under Payment Services Act

DBS Bank’s brokerage arm, DBS Vickers (DBSV), has been granted a license to operate as a Major Payment Institution from the Monetary Authority of Singapore (MAS). The broker says its license enables it to provide its services in the city-state through its DBS Digital Exchange (DDEx), according to a press release on Thursday. The move follows on from a previous “in-principle” approval granted by the regulator in August. Under the Payment Services Act, applicants applying for a license are subject to a review of their policies, customer protection procedures, compliance…

Visa Is Building A Payment Channel Network On Ethereum

Visa has been active in engaging with crypto, and this week is no exception. Reports have emerged that the payment facilitator and financial services firm has deployed it’s first smart contract on Ethereum Testnet. The move isn’t the first to signal Visa’s increased acceptance to adopt crypto in their operations. Visa’s Universal Payment Channel The company is showing clear investment in becoming a leader of payment processing through central banks via crypto. Visa’s first smart contract deployment was a payment channel accepting both Ether and USDC. This is a conceptual…

Suex Founder Loses Top Job Over US Sanctions, Major Exchange, Payment Provider Implicated – Bitcoin News

The scandal around sanctioned crypto broker Suex is growing in Russia where one of the co-founders of the OTC platform has been dismissed from his executive post at a bank. Meanwhile, an anti-drug organization has referred the case to the interior ministry and the central bank, asking authorities to investigate Suex’s connections with financial companies and a darknet market operating in the region. Co-Founder of Suex Fired by MTS Bank, Another Quits Job at Chatex Russian entrepreneur and financial executive Vasily Zhabykin, one of the founders of troubled crypto broker…

Suex Founder Loses Top Job Over US Sanctions, Major Exchange, Payment Provider Implicated – Bitcoin News

The scandal around sanctioned crypto broker Suex is growing in Russia where one of the co-founders of the OTC platform has been dismissed from his executive post at a bank. Meanwhile, an anti-drug organization has referred the case to the interior ministry and the central bank, asking authorities to investigate Suex’s connections with financial companies and a darknet market operating in the region. Co-Founder of Suex Fired by MTS Bank, Another Quits Job at Chatex Russian entrepreneur and financial executive Vasily Zhabykin, one of the founders of troubled crypto broker…

Some Filipino Merchants Prefer Payment in Axie’s SLP

Inside SM Aura, one of Metro Manila’s many sprawling shopping malls, you’ll find a wonderfully whimsical “co-baking” space called Bakebe. Pronounced Bake-be, the idea is borrowed from a concept store in Hong Kong that uses an app to teach guests how to bake the cake of their dreams. Upon arrival, you’re greeted by a gaggle of electric mixers straight out of Barbie’s Dreamhouse, and pink-frosting walls lined with big glass jars, each brimming with edible treasures: chocolate buttons, rainbow sprinkles, mini meringues, cookie crumbles and more. And now, to top…

Real Estate Billionaire Buys Bitcoin, Accepts BTC for Rent Payment at His Residential and Retail Properties – Featured Bitcoin News

Billionaire real estate mogul Rick Caruso has revealed that his company has invested in bitcoin for its treasury and will begin accepting the cryptocurrency for rent payment at its properties. Among the tenants of one of his properties is Elon Musk’s Tesla. Caruso said, “We believe that cryptocurrency is here to stay.” Caruso Going the Tesla Route, Investing in Bitcoin and Accepting It as a Means of Payment Billionaire real estate developer known for his lavish outdoor malls, Rick Caruso announced Wednesday on CNBC that his real estate company, Caruso…

Citi and IADB complete cross-border payment pilot with blockchain tech

Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB enabled several disbursements from the United States to a recipient in the Dominican Republic using the LACChain blockchain network — a proprietary effort by IADB’s regional program LACChain. As part of the project, the IADB deposited tokenized funds denominated in U.S. dollars in a Citi account and transferred the funds using digital wallets, IADB’s blockchain specialist and…