#payments

In its whitepaper, Bitcoin is defined as a peer-to-peer version of electronic cash. But when was the last time you’ve made a purchase with Bitcoin? Very few of us use cryptocurrencies to pay for things daily, while this is perhaps the most important step towards mass adoption.

On February 11th, the UK’s FCA has blocked the operation of ePayments due to the company’s failure to comply with AML requirements. Pursuant to the regulator’s request, ePayments froze nearly a million customer accounts. 

In a surprising move, banking giant JPMorgan has announced the release of its cryptocurrency JPM Coin, claimed to be the first to be issued by a bank. The token will be used mainly to settle payments using the money, securities, and other assets by between the company’s payment business clients.

Global payments technology provider Visa has announced new product details surrounding digital identity in preparation for a Q1 2019 launch of Visa B2B Connect, its enterprise blockchain platform that enables cross-border payments between businesses.

Commercial version of Ripple’s payment platform xRapid could launched “in the next month or so,” Head of regulatory relations for Asia-Pacific and the Middle East at Ripple Sagar Sarbhai told CNBC on Monday, September 17.

Each day, blockchain, the technology that underlies Bitcoin, penetrates the world of finances deeper and deeper with many signs pointing to it eventually winning a big part of the market. Ukraine is no exception in this regard. Moreover, the largest country in Europe  has every reason to consider itself one of blockchain’s trend-makers.