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.
The Winklevoss brothers bought 1% of the world's cryptocurrency supply in 2013 for $11 million. Today, the price of Bitcoin has increased almost a hundredfold.
Cryptocurrency holders can now help children with cancer in a few clicks. The Gift of Life Foundation will set up its stand on December 8 at the blockchain conference in Moscow.
Indian Finance Minister Arun Jaitley explained at a recent press conference that the government does not recognize Bitcoin as legal tender. According to the Economic Times, when asked about the government's plans to regulate cryptocurrency, Jaitley told reporters: "The government is currently formulating an action plan."
ManageGo announced the addition of the ability to pay rent in Bitcoin, Litecoin and Ethereum to its payments app. Tenants will be able to use these cryptocurrencies to pay monthly rent.
Goldman Sachs Chief Executive Lloyd Blankfein said the high volatility of cryptocurrencies meant it was too early for banks to consider them seriously. In an interview with Bloomberg on November 30, Blankfein said: “If the value of a cryptocurrency can rise or fall by 20 percent in just one day, it cannot be called a currency and cannot be perceived as a store of value.”
The conference brought together the main players in the field and leading world-class professionals in each segment: technical specialists, cybersecurity experts, crypto business owners and authors of world bestsellers on the topic of cryptocurrencies.
Despite the fact that over the past year many world politicians have announced their intentions to regulate Bitcoin in some way, some countries have banned cryptocurrencies. The state is taking measures aimed at preventing the purchase/sale of cryptocurrencies in the region. China has already taken this radical step and Morocco has followed suit.
François Villeroy de Galhau, governor of the Bank of France, said that a “speculative asset” is not a currency, and, oddly enough, is not even a cryptocurrency. Pointing to China as a case in point, Villeroy de Galhau continued: “Its cost and extreme volatility have no economic basis and the consequences are essentially no one's responsibility.”
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