Posts Tagged:Bitcoin

Elon flops. Tesla not accepting Bitcoin.

Elon Musk, who has become a volatile force in the #cryptocurrency universe, said Tesla is no longer accepting Bitcoin Inc. as payment for purchases of its #electricvehicles owing to the excessive amount of carbon-based energy it uses. Bitcoin plunged following his comments. The sudden move is a curious one since Tesla’s recent $1.5 billion Bitcoin investment triggered a surge in the currency’s value. It also…

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Visa goes big into Crypto

Yes, the tide is shifting and Visa moving with it. Reuters, announced that the payments giant will roll out a pilot program with #crypto platform Crypto.com. Crypto.com already offers its users a Visa card. However, any payments used by the cryptocurrency card have to be converted to fiat, which adds costs and complexities for merchants. Here’s the new process:> A Crypto.com Visa…

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What is #Blockchain and what is it for?

What is #Blockchain and what is it for? It is true… the Internet is able to send cat videos across the ether at the speed of light, yet many much more important things still move quite slowly. It can take days to send money across borders as an example, and banks must rely on intermediaries to…

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