Opera’s Perfect Pitch Could Create a Gateway for Cryptocurrency Cross-Border Payments
Source: ARK Disrupt Issue 134: July 23, 2018. By @yassineARK Earlier this month, browser company Opera filed for a $115 million initial public offering (IPO), highlighted by Bitmain – the dominant bitcoin mining machine manufacturer – agreeing to purchase $50 million of shares. In tandem, Opera announced the launch of a cryptocurrency wallet native to its mobile browser. The strategic relevance […]
Litecoin Foundation Acquires a 9.9% stake in Germany’s WEG Bank
Source: ARK Disrupt Issue 133: July 16, 2018. By @yassineARK In a new strategic partnership with TokenPay, Litecoin Foundation has acquired a 9.9 percent stake in Germany’s WEG Bank. In what started as a friendly Twitter exchange between Litecoin creator Charlie Lee and TokenPay CEO Derek Capo, the two entities agreed to a deal that will grant Litecoin an […]
China Modifies Regulations for Mobile Payment Platforms
Source: ARK Disrupt Issue 132: July 9, 2018. By @bhavanaARK Earlier this year the Central Bank of China issued regulations for the financial services industry that it appended last week for mobile payment platforms. The appended regulations include the following: New ceilings on mobile payments per transaction: Based on customer credit profiles, each transaction is limited to 500 yuan ($77), 1000 yuan […]
