Techopedia defines cryptocurrency as a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public and private keys are often used to transfer cryptocurrency between individuals. As opposed to fiat currency, cryptocurrency is not connected to governments or central banks. Using a ledger system, cryptocurrency transactions are...
Is Facebook about to Change the Face of Cryptocurrency?
Cryptocurrencies have certain advantages, such as decentralization and anonymity, but also present several risks including unpredictable fluctuations, shifting demand, and possible links to terrorist funding and money laundering. Facebook recently announced plans to create its own cryptocurrency within WhatsApp, a type of stablecoin. Stablecoins are pegged to major international currencies,...
Battling Payment Fraud in 2019
The battle against payment fraud is never ending. It evolves constantly, with hackers creating increasingly sophisticated ways to breach data systems and steal identities. In 2018, malware and ransomware constituted major threats, followed by social engineering attacks and phishing attempts. Online and mobile transactions are particularly vulnerable to breaches, and...
New EU Regulation to Revolutionize Cross-border Payments
One of the greatest challenges global merchants face is high fees for cross-border payments. A new European Union resolution addressing this issue may change the situation dramatically. According to the EU plan, by the end of 2019, charges for cross border payments in Euros will have to correspond to fees...
5 Payment Predictions for 2019
5 Payment Predictions for 2019 The payments industry is highly dynamic and continuously disruptive. There is a common consensus on that. Looking back over the last couple of years, we have witnessed some dramatic developments: Veteran financial institutions are being forced to open their systems and alter their services to...