Blockchain 

Patrick Ngan Teases Asia’s First Unified Crypto-Fiat Payment System

Speaking on stage at BlockShow 2019 in Singapore today, Alchemy Global Payment Solutions (Alchemy GPS) co-founder Patrick Ngan discussed some details of how his company is making it easier to pay for everyday goods and services with cryptocurrency. Ngan emphasized the power of choice to make consumers and merchants happier. Calling his company’s “the first unified crypto-fiat payment solution in Asia,” he described a merchant product that lets the customer decide whether they want to pay in local fiat currency or a popular cryptocurrency of their choice. “People in this…

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Bitcoin 

Bitcoin Falls Below $9,000 as Price Teases Trading Corridor Breakdown

Bitcoin (BTC) price lost support at $9,000 on Nov. 8 after several days of downward action finally saw markets make a decisive move. Data from Coin360 showed BTC/USD breaking out of its narrow trading corridor between $9,000 and $9,500 on early Friday.  Bitcoin flickers bearish That corridor had broadly characterized the largest cryptocurrency since the end of October. A brief spurt beyond to $9,520 was soon met with resistance, while a dip into the $8,000 range was also short lived. In daily trading, Bitcoin hit local lows of $8,980 before…

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Bitcoin 

Bakkt Teases Launch of Consumer Payments App Scheduled for 2020

Cryptocurrency custody and futures trading platform Bakkt has announced its coming entry into mobile payments with a consumer app. Per an Oct. 28 blog post from the company, Bakkt will follow its recent successes in trading Bitcoin (BTC) futures with a consumer app. According to the company, the app will help consumers “unlock the value of digital assets, as well as ways in which they can transact or track them.” Starbucks on board Though the announcement is vague on the specifics of the app’s functionalities, coffee empire Starbucks is the…

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Blockchain 

Korean Internet Giant Kakao Teases Its Crypto Wallet for 50M Users

South Korean internet giant Kakao Corp has launched a teaser page for its forthcoming cryptocurrency wallet, Klip. According to a report from News1 Korea on Aug. 12, Kakao has made the wallet teaser page available as part of the “More” tab on its messaging app KakaoTalk — the platform into which the real wallet will eventually be integrated. 50 million active users will have access to the wallet The Klip wallet — developed by Kakao’s blockchain subsidiary, GroundX, will allow users to store the Klaytn they earn online. With a…

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