The information you need to start your day, from PaymentsSource and around the Web:
Blockchain giants
It's a sign that blockchain is maturing, as Microsoft extends its strategy beyond the Azure Blockchain service it launched in May.
It also comes as Facebook unveils
New rules
Standardized rules for
The proposals will come during the V20 Summit, which includes blockchain groups from different countries and will run parallel to the G20 Summit, which starts later this week in Osaka, Japan, reports
Japan has the most extensive rules governing cryptocurrencies, including measures to curb speculation and protection fund requirements to hedge against losses.
More mPOS competition
Mobile security companies Trustonic and Rubean and payment fintech CCV are collaborating to build a mobile point of sale system focused on processing large transactions, as opposed to the micro-merchant payments that have been a staple of mPOS.
The companies will combine their platforms in an attempt to protect mobile apps through a user interface that isolates input and displays of PINs, a move they contend can reduce upgrade work on behalf of the merchant in the collaborators' target of small to medium sized business market in Europe.
The companies face a crowded market, as their new mPOS system comes as
A new game
Paytm has rebranded its gaming platform from Gampind to First-Games as part of a broader strategy that includes a goal to raise $30 million to add more games and functions.
The company wants to scale games to fuel other
Paytm's Gampind has drawn more than 30 million users since its launch in February 2018, the ET reports, citing figures from Paytm.
From the Web
CoinGeek | Wed June 19, 2019 - Simplex, a FinTech company, partnered with OKCoin, a fiat digital asset exchange, to provide payment processing solutions that will allow international OKCoin users to make USD deposits via a credit or debit cards which promotes faster and easier purchase of digital assets.
Reuters | Wed June 19, 2019 - Virgin Money South Africa will launch a zero monthly fee bank account and cheap cross-border payments on its financial technology app, and could eventually roll this out in other developing markets.
Yahoo Finance | Wed June 19, 2019 - The Litecoin Foundation has announced a partnership with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card. The companies will jointly roll out a cryptocurrency debit card dubbed “BlockCard” that will purportedly let users spend their cryptocurrency funds both online and in physical store locations around the world.
More from PaymentsSource
Facebook grabbed the spotlight this week with the announcement of its Libra cryptocurrency initiative, and its list of high-profile supporters suggests that it's the only game in town. But banks have their own projects in the works.
Wirecard has introduced a new biometric payment approach enabling consumers to check out in stores by scanning their palms.
WASHINGTON — Top Democratic and Republican leaders of the House Financial Services Committee called Tuesday for Facebook to appear before Congress to testify on its cryptocurrency plans.
History has shown that banks cannot be trusted with exclusive rights to payments innovation. They have never done it in the past and likely never will in the future.
