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WATCH RELATED VIDEO: A Brief History of Bitcoin in 5 Minutes

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Budget expectations: As Union Finance Minister Nirmala Sitharaman will be presenting her third budget on February 1, , Elets Technomedia interacted with leading NBFCs and Fintechs to understand what are their expectations from the key announcement.

In past few years, operationally nimble and technologically oriented NBFCs and Fintechs have deepened the credit penetration to the underserved regions of the country. Hence, in the upcoming budget, policymakers should provide due consideration to boost liquidity support to the NBFCs as well as encourage frameworks like co-lending, which will greatly boost the reach of financial institutions and progress in the financial inclusion imperative.

EASE 4. Neobanks are still a relatively new construct in India but will take on significant importance in the years to come. The support from the Government will certainly play a crucial role. On the lending side in particular, the guidelines being envisaged by the RBI around digital lending will bring about some much needed transparency for consumers.

The Niti Ayog recommendations on establishing a framework for Digital Banks will help neobanks to potentially transition from being pure technology and customer acquisition layer to a full fledged digital bank.

This in turn will open up massive opportunities to offer very customized and tailored offerings to both retail and enterprise customers in the country. Also Read: Budget Centre must introduce a law to legitimate crypto assets. Furthermore, incentives should be provided for Video KYC as an on-boarding option.

I believe that remote onboarding initiatives especially in the current pandemic situation would be key to further drive adoption of fintech platforms. Neobanks are driving a high amount of financial inclusion and awareness especially amongst the underbanked segment in India. Public-private partnership programmes will further help to broaden reach and take these initiatives to the masses. Suitable grants and tax incentives can be provided to encourage such efforts that have an impact at a grassroots level.

The RBI had a strong financial literacy agenda in and this should continue into by partnering extensively with FinTechs.

Ideally a working committee, with participation from Industry experts, fintech executives and banking executives, should be established at a central level with regional chapters to drive financial inclusion and awareness in a sustainable manner. Also, revisting duties and taxes in sectors which can compete at international markets will lead to faster growth of MSMEs. Furthermore, to accelerate Atmanirbhar — Make-in-India and Made-for-India, government may re-visit and reduce duties and taxes on capital goods to encourage small enterprises and businesses to invest more and produce more.

The pandemic has shown us what improvements are required and where. This will be required to improve vaccine delivery as well as shore up critical healthcare infrastructure and public-private partnerships will prove key in this regard. Special attention should be paid to innovations that help households on the brink of poverty deal with their healthcare expenses, for both chronic as well as sudden or acute conditions.

The recent Startup Day announcement is a positive first step for fintech and healthcare startups looking to provide ready solutions to these households. In this imperative, focus on financial inclusion is very significant. We expect this emphasis to become more prominent in the upcoming budget. It is essential that the Government announce measures to ease the liquidity flow to NBFCs and fintechs.

Further, while ensuring the right degree of regulation, relaxation of norms and tax liberalization to some extent will allow the fintech sector to boost their reach and operate effectively to offer innovative credit solutions to the borrowers. In the spirit of tech innovation and digital transformation, we hope, through the union budget, the government will bring game-changing reforms, new policies, and regulations that will offer relief and tax sops to MSMEs and the overall startup ecosystem.

With the pandemic providing the boost to digital payments, there is an increased need for revolutionary advancements of end-to-end infrastructural as fragmentary solutions may not sustain in the long run.

In , we expect that the government to focus more on the development of digital infrastructure to enhance customer experiences, credit quality, and streamline the growth of financial entities in FY Also Read: Union Budget to facilitate financial inclusion and digital innovation. As a startup founder, I think there are a lot of tailwinds that are existent in terms of ample liquidity, regulatory changes and broad based digital adoption. Other benefits have also been passed in over last many years for startups and small businesses and hence my expectations towards this years budget is status quo which in itself would bode well for everyone in the ecosystem.

Whether it be personal taxes, corporate taxes or capital gain taxes the regime should be made easier and progressively lower as the government has themselves stated earlier. Focus we believe should continue to remain on more transparency, greater compliance and finally easier rules of doing business whether it be relaxed norms or government portals working smoothly every single thing that helps empower startups with easier processes eventually helps us save time and money.

Subdued interest rates especially in Government bonds and Fixed deposits will be needed to spur capex, SMEs and fintech lending. As a creator of Alternative Assets we hope the Budgetwill nudge individuals to diversify their portfolio and enable pension funds to invest in a wider range of fixed income or equity assets that have been created by fintechs. Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active.

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If you're seeing this message, that means JavaScript has been disabled on your browser. Bitcoin in China has suffered another blow today as three major institutions have effectively banned transactions involving the virtual currency through their services. In order to protect property rights and the interests of the public, and mitigate the risk of money laundering, from now on all organizations and individuals are prohibited from using their China Construction Bank accounts to withdraw, recharge, purchase, or sell Bitcoin or related virtual currencies. If such activity is discovered, China Construction Bank retains the right to temporarily suspend all transactions on the account, cancel the account, or implement other measures. Meanwhile, over the past few weeks, some local branches of the major big four banks have announced they would suspend bitcoin-related activity among their customers. Given that these high-profile banks have now sent out an identically-worded letter to the public, it looks like Bitcoin indeed looks set to face a slumber in the Middle Kingdom.

Airtel Africa Plc gains N billion in value, as share price appreciates by % sponsorship deal with Team Spirit as their official crypto partner.

Explained: The Differences Between Electronic Money and Bitcoin

The initiative was brought pursuant Airtel Africa Plc is now worth more than all Nigerian quoted banks combined, closing the week at N4. January 29, Read more. Prev Next. Binance accused of blocking accounts of Nigerian users 3 days ago. Prices of local and foreign rice, cooking gas drops as traders lament January low sales 3 days ago. Airtel Africa becomes first company to surpass N5 trillion market cap as it overtakes Dangote Cement 1 day ago. CBN warns against borrowing money from loan sharks 4 days ago.


Bitcoin vs. Credit Card Transactions: What's the Difference?

epayments bitcoin price

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3 Companies Transforming Bitcoin Into a Global Means of Payment

The move is meant to position DSX to capture the market for sterling-bitcoin trading, said Mike Rymanov, who founded and leads both ventures. DSX, which launched in December, offers trading in bitcoin, litecoin, pounds sterling and euros. Deposits to the exchange have to flow through ePayments Systems. Customers of the exchange therefore have to create accounts on both platforms. Customers funds are currently routed through the EPA, also a Rymanov company, that works in partnership with an e-money issuer in Gibraltar.


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Oil prices rose to a more than the seven-year peak on Friday and recorded their sixth straight weekly gain as geopolitical turmoil exacerbated concerns over tight energy supply. On a weekly basis, the benchmark contracts notched their longest run of gains since October. Backwardation exists when contracts for near-term delivery of oil are priced higher than those for later months, encouraging traders to release oil from storage to sell it promptly. The market also reacted to attacks on the United Arab Emirates. Meanwhile, prices drew support from concerns over a possible military conflict in Ukraine that could disrupt energy markets, especially natural gas supply to Europe. Asian spot liquefied natural gas rose last week as cold weather in Japan and parts of northern China lifted demand and amid concerns over European supply disruptions from Russia. Colder weather in Japan has caused a rapid decline in LNG stockpiles and prompted some utilities to buy on the spot market to secure additional supplies, traders said. Asian buyers are also trying to attract U.

14 before correcting lower to $ on profit-taking. DOGE/USD hourly price chart. Source: TradingView. Better than Bitcoin. Tesla's.

Electronic Money commonly abbreviated e-money and Bitcoin are two systems for making payments that are digital in nature. Both are catalysts in the mobile payments revolution, but that is where their similarities end. In reality, the two systems are extremely different.


This is a key development for the crypto market, since PayPal is one of the largest forces in the world of traditional electronic Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time. In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering — though this is far more limited today than it has been in the past.

Bitcoin Tracker and enjoy it on your iPhone, iPad, and iPod touch. How high can Bitcoin price go in ?

In the payments system, the Debtor bank is debited while the creditor bank is credited. The platform was initially available in Europe. StartUp Offers Network. Milk Tea Cup Pop It. Thanks to Visa Direct, a real-time push payments … The move marks Visa's latest attempt to push deeper into the crypto industry.

Budget expectations: As Union Finance Minister Nirmala Sitharaman will be presenting her third budget on February 1, , Elets Technomedia interacted with leading NBFCs and Fintechs to understand what are their expectations from the key announcement. In past few years, operationally nimble and technologically oriented NBFCs and Fintechs have deepened the credit penetration to the underserved regions of the country. Hence, in the upcoming budget, policymakers should provide due consideration to boost liquidity support to the NBFCs as well as encourage frameworks like co-lending, which will greatly boost the reach of financial institutions and progress in the financial inclusion imperative.


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