Instawallet has commented saying it will open it claims process in the coming days and will remain shut down until it develops an “alternative architecture”. The service enabled users to digitally store Bitcoins and associated data.
As a result, the value of Bitcoin which recently surpassed USD100 and reached as high as USD145, now sits below USD117.
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.