Payment

CLS Group, a financial services company that provides settlement services to its members in the foreign exchange market, announced its plans to build a payments netting service for trades using Blockchain or Distributed Ledger technology.

UK payment gateway Bitwage has announced the launch of a new platform that will enable its clients to know more about their oversea employees. This, Bitwage says, will improve the level of trust between employers and employees who are varying distances apart.

September 14, 2016 - Apple embraces Bitcoin technology, permitting Circle to integrate Bitcoin payments with the iMessage app found on iOS devices. Bitcoin breaks the $600.00 mark and is maintaining that position.

Apple announced the update for its iOS 10 mobile operating system and iMessages that will include the Circle payments app, this may also mean a potential integration of Bitcoin payments along with fiat via the Circle pay app system.

The Monetary Authority of Singapore has recently published a “Proposed Activity-based Payments Framework and Establishment of a National Payments Council” paper, with recommendations to review the existing payments regulation in Singapore.

The banking crisis in Europe goes even further in Italy. While in countries like Germany and France we see only a decline of major banks’ asset prices, in Italy besides the banking crisis itself another problem occurred - civilian Italians began to distrust bank transfers and payments. One of the possible solutions may be Bitcoin, which can serve as a salutary means, grow in price and even get official recognition in the country.

Bitcoin has many positive benefits against other currencies. Some use Bitcoin just as a means of payment for goods or services, while others use it as a way to invest money, and some people decide to use Bitcoin to preserve their capital. In any way, the determining factor is the price of Bitcoin.