We’ve got three posts that speak loudly to the convergence of cryptocurrency, cashier-less convenience and buying with bitcoin. They show how payments, banking and fintech are evolving at blazing speed thanks to technology.
Amazon Go[ing]First, an update on
Amazon Go, the Seattle e-commerce company’s effort to bring
cashier-less checkouts to convenience store shopping. Imagine. No more lineups, snippy checkout clerks or snide comments from nearby customers. Amazon Go has nearly worked out all the wrinkles and it won’t be long until it launches.
Buy with BitcoinNext, we profile
London Block Exchange (LBX), a digital currency exchange launching the UK’s first cryptocurrency debit card. Customers can buy bitcoin and, using their
LBX Visa Dragoncard, spend the proceeds online or at any UK business that accepts Visa debit cards.
Customers will be charged a 0.5% transaction fee on purchases and initially will be able to buy using
Bitcoin,
Ethereum,
Ripple,
Litecoin and
Monero coins in their account. An initial fee of £20 ($26) is charged as well as a small fee for ATM withdrawals.
Square Comes AroundUS payments company
Square is also testing
bitcoin buying and selling according to a report in Bloomberg. Some users are now able to buy and sell bitcoin on their Square Cash mobile app. The next logical step is to enable customers to pay with a cryptocurrency debit card as other fintech companies are doing.
You can read much more about payments industry news, fintech innovations and new developments in cryptocurrency and blockchain technology on
PaymentsNEXT.