Digital Money

Little-known facts about accepting cryptocurrency for business

There’s a lot of material out there about Bitcoin, but not very much of it deals with the practical realities of using it as money. Most publications emphasize what Bitcoin is currently trading at, and how cryptocurrencies may evolve even further as an asset class in the future.

Accepting bitcoin is not only a good way for your “business to consumer” activity, but also for paying affiliates, especially if they are located in emerging markets such as Asia, South America, and Africa. Countries like China, Hong Kong, Macau, Taiwan, India, Pakistan, Bangladesh, Philippines, Vietnam, Argentina, Brazil, Colombia, Russia, Ukraine, Georgia, Kenya, Nigeria, Ghana, and South Africa are perfect for payouts in bitcoin.

A Little Bit of Money

Thought Experiments on Cross-Border Payments - Of Couriers, Bankers, and Bitcoiners

Series 11: Evolving Forms of Money and Advancing Financial Technology

The Land of Bitcoin

[May 26, 2016] – Alexandria, Virginia, USA – Payment21®, a global provider of AML-compliant Bitcoin payments announced today its recent filing of a utility patent application with the United States Patent and Trademark Office for its “Dynamic Delivery Authorization for Cryptographic Payments.”

The Monetary Authority of Singapore, the city-state’s central bank, has funded a block chain-based record-keeping system as part of a five-year investment plan aimed at financial technology. Managing director Ravi Menon announced the Financial Sector Technology & Innovation initiative during a speech at the Global Technology Law Conference 2015 in Singapore.

Zurich/Delaware, March 2015. The owner of the Payment21®-brand is now registered as a financial intermediary in Switzerland. The third-party processor is supervised  by  a semi-governmental  regulatory  organization  for compliance  with  Anti-Money-Laundering  (AML)  laws  and Know-Your-Customer (KYC) rules. This regulatory body acts on behalf of the Swiss Financial Market Authority.

IBM-expert is bullish on Bitcoin: “This is a field where you truly have to be interdisciplinary to make progress.”

Richard Gendal Brown is IBM’s-architect on innovation in banking and financial markets. In a Finextra interview he talks about the future of Bitcoin.