Tag: payment

  • Ferrari adds BTC, ETH, XRP to payment options; ADA, DOGE & QUBE ready for a jump

    Ferrari adds BTC, ETH, XRP to payment options; ADA, DOGE & QUBE ready for a jump

    The high-octane world of luxury cars has always been a hotbed for innovation, not just in design and performance, but also in the realm of customer experience and payment methods. On October 14, Ferrari, the iconic luxury carmaker, took a leap into the future by accepting crypto payments

    As we witness the impact of this move, there’s a new ICO in the crypto arena that’s been steadily garnering attention and redefining how we invest in AI technology startups – InQubeta ($QUBE).

    InQubeta ($QUBE) – a gateway to AI investments

    In a world increasingly driven by Artificial Intelligence, startups are often at the intersection of breakthrough innovations and immense growth potential. However, channelling investments into these ventures has been a challenge that often deterred potential investors. InQubeta is on a mission to revolutionize this space.

    Providing a robust platform for fractional investment in AI startups, InQubeta introduces QUBE tokens as the bridge connecting potential investors with promising startups. These startups, in their quest for funds, create some of the coolest NFTs representing either rewards or equity. These NFTs are then available for purchase by investors using QUBE tokens, creating a symbiotic relationship where startups acquire necessary capital, and investors enjoy the returns and benefits based on their NFT holdings.

    More than just another crypto to buy, QUBE is also a deflationary ERC20 coin, with an in-built burn mechanism. Moreover, as a governance token, QUBE is not just a passive investment. It grants its holders the power to shape the platform’s future, making decisions, proposing changes, and voting on pivotal aspects of InQubeta’s journey.

    Ensuring security and trust, InQubeta has received a positive audit from Hacken and a KYC verification from BlockAudit. With an ongoing presale that has already raked in over $3.7 million, the platform’s roadmap hints at a future filled with expansion; one that will make QUBE the best crypto investment of this decade.

    You can now buy a Ferrari with Crypto

    As reported by Reuters on Oct. 14, Ferrari has now opened the gates for its clientele to purchase luxury cars using the best cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Partnering with BitPay as its payment processor, this iconic brand ensures a seamless transaction experience for its customers. 

    Regardless of whether a client chooses to pay with traditional currency or cryptocurrency, there will be no difference in prices, fees, or surcharges. While the offering currently caters to U.S. customers, Ferrari also has its eyes set on the European market.

    The rising tide: ADA, DOGE & QUBE

    With the increasing integration of cryptocurrencies in mainstream industries, top altcoins like ADA Cardano (ADA), Dogecoin (DOGE), and InQubeta (QUBE ) are poised for significant market movements. As businesses and consumers alike become more crypto-savvy, these tokens, backed by robust projects and utilities, are likely to see a surge in demand and valuation.

    Cryptocurrencies are no longer the outliers; they’re rapidly becoming the norm. As we stand at this juncture, it’s not just about the cars we drive or the tokens we invest in; it’s about the future we’re collectively crafting. Pioneering platforms like InQubeta highlight the evolving narrative of the modern financial landscape. 

    To take part in the InQubeta project you can visit InQubeta Presale and join The InQubeta Communities.

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  • David Marcus says Bitcoin could be a ‘global payment network’

    David Marcus says Bitcoin could be a ‘global payment network’

    lightspark david marcus bitcoin global payment network
    • Lightspark CEO says Bitcoin could help transform global payments.
    • David Marcus explained his view today on CNBC’s “Squawk Box”.
    • Bitcoin is currently down about 20% versus its year-to-date high.

    David Marcus – the Chief Executive of Lightspark sees a big future for Bitcoin that’s down 20% versus its year-to-date high at writing.

    Bitcoin could transform global payments

    Marcus has a vision for the world’s largest cryptocurrency that goes well beyond its current stature as a store of value only.

    On CNBC’s “Squawk Box”, he asserted that Bitcoin actually had the potential to play a significant role in making global payments as seamless as texting.

    What we’re trying to do is turn Bitcoin into a real global payment network. We’re still in the fax era of global payments. That’s what we’re attempting to solve.

    Marcus finds the existing fintech apps somewhat inadequate in facilitating cross-border payments. He has previously served as the president of PayPal Holdings Inc.

    Bitcoin is not a currency for everyday use

    Lightspark is committed to addressing the scalability issues surrounding Bitcoin and making Bitcoin transactions both faster and cheaper.

    But the goal is not really to turn Bitcoin into a currency that can be used for everyday transactions, he added in his interview with CNBC today.

    Bitcoin on top of Lightning is like a small data packet only for value. You can exchange at edges of network and send dollars to someone who’ll receive Yen or Euros.

    Marcus admitted the need to work closely with the regulators to unlock the full potential of Bitcoin in revolutionising the global payment ecosystem.

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  • CFTC wins a record $3.4B penalty payment in a Bitcoin-related fraud case

    CFTC wins a record $3.4B penalty payment in a Bitcoin-related fraud case

    • This is the largest fraud case involving Bitcoin that CFTC has cracked so far.
    • The case involved the CEO of Mirror Trading International Proprietary Limited (MTI).
    • Half of the $3.4B will go toward providing restitution to victims of MTI’s fraudulent activities.

    A Texas court has ordered Johannes Steynberg, the CEO of Mirror Trading International Proprietary Limited (MTI) to pay a $3.4 billion penalty in connection with a large-scale fraud case involving Bitcoin.

    According to the CFTC allegations, Steynberg engaged in an international fraudulent multilevel marketing scheme (MLM) to ask for bitcoins from the public for an unregistered commodity pool operated by the South Africa-based company MTI.

    Steynberg who was controlling MTI and the company falsely claimed to trade off-exchange retail forex through a proprietary “bot” or software program between May 2018 and approximately March 2021.

    The final judgment read:

    “Either directly or indirectly, the defendants misappropriated all of the Bitcoin they accepted from pool participants.”

    According to the CFTC Steynberg, individually and as the principal and agent of MTI, accepted at least 29,421 bitcoins, valued at over $1.7 billion at the time. The bitcoin was obtained from at least 23,000 individuals in the US and other countries around the world. The individuals were tricked to participate in the commodity pool although MTI was not registered as a commodity pool operator (CPO), as required by the law.

    Steynberg arrest

    Steynberg was arrested in December 2021 and has been held in Brazil on an Interpol arrest warrant since then.

    Besides the recent charges against him by the CFTC, Steynberg is also permanently banned from registering with the CFTC or trading in any CFTC-regulated markets.

    Restituting MTI’s victims

    Half of the $3.4 billion penalty will go towards providing restitution to the victims of MTI’s fraudulent activities. The other half is a civil penalty, which is the highest civil penalty to be ordered in any CFTC case.

    The CFTC has however conceded that “orders requiring payment of funds to victims may not result in the recovery of any money lost because wrongdoers may not have sufficient funds or assets.”

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  • Multi-billion dollar company adds SHIB as payment option

    Multi-billion dollar company adds SHIB as payment option

    • Fireblocks will allow merchants to integrate Shiba Inu (SHIB) directly into their operations and process them faster, at lower costs, and with greater transparency.
    • The Shiba Inu (SHIB) burn activity also shot up 1900 percent this week contributing to its price rally.

    Memecoin Shiba Inu (SHIB) has been getting a lot of traction recently. In addition to some key developments in the Shiba Inu ecosystem, the meme cryptocurrency is seeing greater acceptance as a form of payment.

    Using Fireblocks Crypto Payments Engine, millions of merchants across the world will now be able to accept payments in Shiba Inu (SHIB). The multi-billion dollar crypto infrastructure services provider, Fireblocks, recently launched its crypto payments engine in partnership with one of the world’s payment processing firms, FIS WorldPay.

    The Fireblocks Crypto Payments Engine comes with a new set of tools that will allow merchants to accept, manage and settle cryptocurrency transactions, including Shiba Inu. The crypto payments engine from Fireblocks allows for faster fiat-to-crypto and fiat-to-fiat cross-border transfer solution merchant settlements. This further makes it easy for Payment Service Providers (PSPs) to settle transactions easily across multiple currencies.

    Interestingly, Fireblocks will allow merchants to integrate Shiba Inu directly into their operations and process them faster, at lower costs, and with greater transparency. Earlier this year, Fireblocks successfully conducted a pilot test of crypto payments with its partner Checkout.com.

    Along with Shiba Inu (SHIB), Fireblocks will also allow merchants to accept the Bone ShibaSwap (BONE) crypto. The crypto infrastructure services provider currently supports payments for more than 1300 cryptocurrencies.

    Earlier this month, Canada-based crypto payment gateway, FCFPay also allowed its customers to make payments using Shiba Inu (SHIB). This will allow users to subscribe to their favorite streaming services Netflix and Amazon as they accept the FCFPay Visa card.

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    The SHIB Price Rally

    Amid the broader crypto market rally this week, memecoin Shiba Inu (SHIB) also participated in a strong price surge. Interestingly, Shiba Inu continued with its price rally for the second day.

    As of press time, Shiba Inu is trading up 7.23 percent at a price of $0.00001122 with a market cap of $6.1 billion. Amid the recent price surge, Shiba Inu has also climbed up the ranks to become the 14th largest crypto by market cap.

    The recent price rally for Shiba Inu has also been fueled by a sudden spike in the SHIB burning activity. Over the last week, the SHIB burn activity has surged by nearly 1900 percent. Earlier this week, nearly 45 million SHIB coins were burnt in just 24 hours.

    Additionally, the Shiba Inu has revealed a major upgrade in the SHIB metaverse. The team unveiled a new concept art for the future SHIB-themed Metaverse. The team has released new concept art for a new hub of the Metaverse called Dunes.

    In order to be prepared for the upcoming economic crash it might be useful to buy SHIB. Therefore you will find hunderds of different companies. We recommend only one where you can easily buy SHIB with PayPal (click here!).

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