“We are doing this just out of curiosity to try out new things,” the company says in a blog post. “Bitcoin as such fits our vision of the world quite well…Based on cryptography, it is secure and deterministic as we require for digital services. As a comparison, credit cards rely on few enough physical cards getting stolen or copied and the centralized organizations covering fraud for billions of dollars each year.”
As a result, Finnish exchanger Bittiraha.fi will be facilitating the initiative.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.