In our “Payment Systems” section, we cover electronic payment systems (EPS) and services used to send, receive, and manage digital money online. Here you will find guides on how payment systems work, how to transfer funds securely, and how they integrate with cryptocurrency platforms. Read the “Payment Systems” section on ForkNews to learn how modern digital payment infrastructure operates.
South Korea's largest cryptocurrency exchange Bithumb yesterday announced a partnership with Asian e-commerce giant Qoo10 to create a cryptocurrency payment system for the Asian market.
On Tuesday, the market capitalization of the XRP currency, which is linked to the Ripple payment network, temporarily surpassed the capitalization of Ethereum. Part of the reason for this was the popular rumor that the next SWIFT network update will be integrated with Ripple. A SWIFT spokesperson denied the rumors on Tuesday.
Financial giant Visa is in no hurry to enter the digital asset market. During Mad Money, which airs on CNBC, Visa CEO Alfred Kelly discussed the company's future plans in the digital industry. According to him, cryptocurrencies are not a threat to Visa in the near future, but the company is ready to implement cryptocurrency functions if digital coins become more stable and widespread in the future.
Visa has announced details of new digital products that are being prepared to launch as part of Visa B2B Connect in the first quarter of 2019.
Can SWIFt GPI save correspondent banking, which is in danger of extinction due to the popularization of the RippleNet payment system? Both systems have advantages and disadvantages. Financial corporations must adapt to the new market conditions, which offer cheap, transparent and fast payment solutions.
The operator of the cryptocurrency payment system BitPay, which allows merchants from more than 38 countries to accept payment in Bitcoin and Bitcoin Cash, will take measures to protect its customers from the volatility of these digital assets
Payment cards are becoming difficult to obtain for crypto traders who operate in the OTC brokerage sector. MasterCard and VISA have announced that they consider cryptocurrency transactions to be particularly risky and are therefore discontinuing services to offshore trading platforms and brokers whose business is related to cryptocurrency.
The Swiss startup plans to prove that making crypto transactions is as easy as making payments through PayPal. And he promises that already in 2019, 25,000 online stores in Germany will accept cryptocurrency.
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