Nicolas Cary, the co-founder of Blockchain, spoke to PaymentEye about the current state of Bitcoin at this year’s PayExpo event at London’s Excel Exhibition Centre.

KFC China has teamed up with Alibaba’s payments division Alipay to allow Chinese customers to pay for their fast-food with mobile phones.

Citi has released a new mobile payments application for iPhone users, allowing consumers to use their fingerprints to make contactless payments.

Banco Santander and payment technology company Monitise have agreed to work together to launch a FinTech venture builder. The joint venture will invest in, help build and scale up innovative FinTech businesses.

Paypal has entered into a definitive agreement to acquire money transfer provider Xoom for $890m.

Following the rumoured split of The Bitcoin Foundation, director Jon Matonis confessed that his firm spent $150,000 a month in expenses.