Crypto News 

Alipay Denounces Bitcoin OTC Trading: Regulatory ‘Gray Area’ in China

“Indeed, following the 2017 trading and ICO ban, reports began to emerge of growing P2P Bitcoin trading in China” writes Osato Avan-nomayo for cointelegraph.com. These exchanges reportedly mask such activities by using the guise of running a P2P trading desk for the BTC/USDT trading pair.While the Alipay/Binance situation was unfolding, a Twitter account named Blocfilo posted some startling revelations about the Chinese crypto trading scene.There are even reports that major crypto exchanges use these backchannel avenues to conduct P2P Bitcoin trading in China.Earlier in October 2019, Binance announced a fiat on-ramp…

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Crypto News 

ACINQ Unveils Its ‘2nd Generation’ Bitcoin Lightning Network Wallet

“French Bitcoin (BTC) Lightning Network (LN) implementation developer ACINQ introduced its second-generation Lightning Network wallet, Phoenix, via Twitter, on Oct. 18” writes Jack Martin for cointelegraph.com. Meanwhile, ACINQ still intends to continue developing its original LN wallet, Eclair, for advanced users.Once the wallet is funded, Lightning Network payments can be made by scanning QR invoices and pressing pay.From a fresh install of the wallet app on an Android device, setting up a new wallet is a single click away.The user must click to request the swap, and then click pay…

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Toscafund invests EUR25m in Lemon Way

“Pan-European payment processor, Lemon Way has secured a EUR25 million investment from London-based specialist financial services investor, Toscafund Asset Management (Toscafund)” reports privateequitywire.co.uk. Lemon Way intends to develop its products further, through modular proprietary APIs and new payment services in line with the requirements of its clients.Lemon Way is a Paris-based regulated payment institution focusing on marketplaces, crowdfunding platforms and e-comerce websites that require payment processing, wallet management and third-party services in a KYC/AML-regulated framework.Toscafund’s investment will allow Lemon Way to expand its output and collaborate with banks, forging strategic…

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How to get the most out of your digital wallet

“To find compatible apps, open Apple Wallet, scroll down to Edit Passes and select Find Apps for Wallet” writes This Story Was for seattletimes.com. Apple Wallet (which houses Apple Pay), Google Pay and Samsung Pay are three common payment apps, and one of them is most likely on your phone already.Your phone’s digital wallet is also a handy place to store electronic airline boarding passes, event tickets and more. Source: seattletimes.com

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Crypto News 

You Can Now Pay for Hotel Rooms in Europe and Canada with BTC

“Well, now you can put your two loves together by paying for these luxury hotel rooms with bitcoin” writes Nick Marinoff for livebitcoinnews.com. One such hotel that’s willing to say “yes” to BTC is the Dolder Grand hotel, a five-star resort facility based in Zurich, Switzerland.Several hotels in Europe are now accepting digital currency as a means of paying for rooms.It’s ironic that the hotel is based in Switzerland, as the country boasts some of the loosest and most open crypto rules in existence. Source: livebitcoinnews.com

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Here’s why people are angrily uninstalling Foodpanda

“Foodpanda is currently one of the more popular food delivery services in Malaysia, similar to GrabFood and the now-defunct HonestBee” writes Mae Yen Yap for mashable.com. Foodpanda recently made a nationwide policy change to their payment scheme in September.If you’re hungry and you want to order delivery, what service would you use?. Meanwhile, in case you were looking for other food delivery services, Twitter user @sofi_zai got you covered. Source: mashable.com

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Nordic banks agree to fund common payment service

“Georgzen said he expected the payment service to be ready by the start of 2021” writes Midwest Communications Inc for 95kqds.com. STOCKHOLM (Reuters) – Six of the Nordic region’s biggest banks have agreed to invest in pan-Nordic instant payment system P27, aiming to integrate payment services in the region into a single platform to help boost business. In June, P27 announced it would work with U.S payment service Mastercard to build its platform.A single payment system which transacts across borders and currencies in the region would make trade between Nordic…

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U.S. Helps Mastercard, Visa Score Victory in Indonesia in Global Lobbying Effort

“The decision would have hit the companies by reducing their earnings in Indonesia, especially on the more lucrative credit card fee” writes Gayatri Suroyo for reuters.com. The change will allow the U.S. companies to process credit card transactions without having to partner with a local company in Indonesia, the sources said.Indonesia’s decision represented a major lobbying victory for U.S. payment companies in efforts to beat back a host of new regulations in Asia and elsewhere around data storage or the promotion of local payment networks over foreign ones.The lobbying effort…

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Samsung Pay users in the US can now transfer money internationally

“Unlike most mobile payment systems like Apple Pay and Google Pay, Samsung Pay supported both NFC and traditional magstrip terminals, at least depending on the smartphone model” reports slashgear.com. Samsung Pay users in the US can now transfer money internationally It seems that the hype over mobile payment systems has boiled over, with Apple Pay and Google Pay taking the lion’s share of the market and attention, unsurprisingly.Now it’s trying to try to appeal to a different class of users, those that need to transfer money rather than pay for…

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Morning Brief 10.3.19: Tencent, Citi highlight $585 million Indian B2B e-commerce investment

“The company has appointed Ted Bilke to be chief technology officer and promoted Gred Adelson to chief operating officer” writes John Adams Is for paymentssource.com. Forbis’ career at Jack Henry dates to the 1980s, and was named chief technology officer in 2006.How far will consumers go to get a metal payment card?. Western Union Expands Real-Time Cross-Border Payment Service Western Union Co. has made available its real-time cross-border platform.Payment and financial services technology company Jack Henry will reorganize its executive team as Mark Forbis, executive vice president and chief technology…

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