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Jan 13 2021

CardFlight Announces Small Business Pay Solution Expansion With SwipeSimple Register Product Line Addition

CardFlight, a U.S.-based SaaS payment technology company, announced on Wednesday the addition of the SwipeSimple Register product line to its hardware offerings. According to CardFlight, the product will feature the following models:

  • SwipeSimple Register 8: has an expanded 8-inch touchscreen that delivers full POS/cash register capabilities. Its easy swivel mount conveniently shows customer prompts for tips and digital receipts, to provide a speedy check-out experience without adding clutter to counter space
  • SwipeSimple Register 6: designed for less complex sales environments. It features a convenient 6-inch touchscreen and swivel base station with a built-in receipt printer, packing a complete point of sale into an elegant device
  • SwipeSimple Register 15: target merchants requiring specialized features, including more advanced retail and food & beverage establishments, and quick-serve restaurants. It features an extra-large 15-inch touchscreen to quickly ring up complex sales, even from a large catalog

CardFlight explained that with these new payment solutions, small business owners will gain access to sophisticated countertop devices that run the powerful yet easy-to-use SwipeSimple software.

“SwipeSimple Register offers merchants sleek countertop devices integrating a physical check-out experience with modern point-of-sale and payment acceptance technology.”

while sharing more details about the product and features,  Derek Webster, CEO and Founder of CardFlight, stated:

“The addition of SwipeSimple Register to the SwipeSimple suite of products furthers our mission to serve the full range of small businesses across industries. No two small businesses are the same, and neither are their needs—SwipeSimple Register product line will offer storefront merchants a range of countertop options, to meet the needs of their business.”

CardFlight went on to add that SwipeSimple Register’s Initial launch will begin in late Q1 2021 full line to release throughout the year.

Founded in 2013, CardFlight states it is committed to making payment acceptance easy for business owners.

Source

Written by bizbuildermike · Categorized: Crowdfunding · Tagged: 2021, business, Businesses, cardflight, ceo, company, digital, expansion, fintech, Food, founder, hardware, LINE, Merchants, models, more, Offerings, payment, payment solutions, product, product line, Products, retail, SaaS, small businesses, small-business, Software, swipesimple, target, Technology

Dec 30 2020

Las Vegas luxury auto dealership rakes in Bitcoin payments

A luxury auto dealership in Nevada has reported a steady increase in Bitcoin (BTC) payments, a testament to the bull market currently underway as more investors convert their holdings into high-end sports cars. 

Vegas Auto Gallery, whose inventory includes makes and models from Aston Martin, Bentley, Ferrari and Lamborghini, recently sold two high-end sports cars to customers who paid more than $6 million in BTC. As the Wall Street Journal reports, owner Nick Dossa says that roughly 3% to 5% of the dealership’s revenue comes from Bitcoin transactions.

The dealership isn’t accepting Bitcoin payments outright, but through BitPay, a third-party payment provider. BitPay transactions settle BTC payments in U.S. dollars upon receipt. In the case of Vegas Auto Gallery, a 1% fee is applied to all Bitcoin purchases, which is equivalent to BitPay’s transaction fee.

Dossa told the Journal that his dealership isn’t exposed to any additional risk by accepting Bitcoin payments. “It’s a very easy transaction,” he said.

Although Bitcoin has been criticized for lacking payment channels, BitPay has onboarded hundreds of thousands of merchants worldwide, giving Bitcoin buyers plenty of ways to spend their BTC.

The Lamborghini became the ultimate status symbol during the 2017 Bitcoin bull market. The recent foot traffic into Vegas Auto Gallery suggests that wealthy Bitcoiners are already splurging following the latest surge in price.

Bitcoin returned to record highs on Wednesday after clearing the $28,500 hurdle. The cryptocurrency’s market capitalization passed $500 billion last week for the first time in history. 

Vegas Auto Gallery did not immediately respond to a request for comment.

Las Vegas luxury auto dealership rakes in Bitcoin payments

Source

Written by bizbuildermike · Categorized: cryptocurrency · Tagged: 2017, bitcoin, Bitcoin Payments, Bitcoin Price, bitpay, btc, Bull Market, cars, Las Vegas, Luxury, market, market capitalization, Merchants, models, more, payment, payments, revenue, risk, said, Sports, the wall street journal, transaction, u.s., Wall Street

Dec 05 2020

Stellar Wants to Transform the Agric Sector Using Real-live Farming Models

Blockchain technology is gradually taking top priority in several industries, including agriculture. There are now hundreds of startups setting up a proof of concept project. Task, a mobile-first software services provider, recently launched software that uses blockchain to remit payments across borders.

Although it was a trial project, it shows that the Stellar blockchain has the capability of driving sustainability in real-life farming models.

Stellar is an open-source decentralized technology that is utilized to connect banks, payment systems, and people. The platform was designed to facilitate secure, low-cost, and fast cross-border transactions.

Driving sustainability in the Agric sector

It was founded by Joyce Kim and former Ripple co-founder Jed McCaleb in 2014, and supported by the non-profit Stellar Development Foundation.

On the other hand, Task enables users to create initiatives on the platform and set credits like stablecoins on the project’s wallet. After the initiative, the program manager will now establish the activities that will track.

colorado-agriculture-blockchain

The tracking includes requiring certain documents or images to show that a particular task has been complete. After the remote ream finishes the assigned task and submits the proof of concept, the tTask portal immediately credits their wallets.

To carry out the trial project, a U.K.-based program manager who has farming communities in Thailand was invited by Task. The trial project was developed on the Stellar blockchain, which allows remittance of the funds at a significantly improved speed of fewer than 5 seconds and very low fees of $0.00002.

While speaking about the choice of the company on Stellar, Task founder and chief executive officer Steve Walker stated that one of the reasons for choosing the Stellar technology was the platform’s focus on low-cost cross-border payments. Generally, Stellar is set up to make fiat money more accessible and useful.

Transformation of the Agric sector using Stellar

And with Task payments done via stablecoins, it can suppress the volatile nature of crypto coins. As it stands, the Task platform offers support for BRLT stablecoins, Circle Internet Financial’s USDC token, as well as AnchorUSD’s USDX token.

During the trial project, Task enabled the administrator to set up an initiative to incentivize Biochar production. The company offered support for local dialects, which enable less-tech savvy farmers to have smooth interaction with the platform.

After producing the Biochar, the farmer can easily upload the document and images as evidence on the Task platform. After the platform has received the evidence, payment is released by the administrator. The system is a simple one that intends to carry all farmers along.

Stellar Wants to Transform the Agric Sector Using Real-live Farming Models

Source

Written by bizbuildermike · Categorized: cryptocurrency · Tagged: Agriculture, Banks, blockchain, circle, Co-founder, company, cross-border payments, Cross-Border Transactions, crypto, cryptocurrency, data, decentralized, founder, Internet, market, models, money, other, payment, payments, ripple, Software, stablecoins, startups, stellar, supported, sustainability, Technology, Thailand, token, trading, USDC, wallet, xlm

Nov 12 2020

Chile: Financial Regulator CMF Publishes Draft Fintech Rules Including Crowdfunding, Digital Assets and More

The Chilean securities regulator, the Comision Para El Mercado Financiero (CMF), has posted draft regulations for Fintech including investment crowdfunding rules. The objective is to provide a regulatory framework for online capital formation. The CMF believes that a proportional, tech-neutral, framework will promote innovation in financial services as well as advancing financial inclusion goals.

The preliminary draft proposal is said to incorporate an update of part of the current legislation in other matters of the CMF’s stock market, in order to adapt it and preserve regulatory coherence between the new Fintech players and the players that operate today under regulation. The draft rules is a culmination of a process that the CMF began in 2018, and that has involved a series of consultation and discussion instances with the financial industry, in addition to having the advice of the Inter-American Development Bank. (IDB).

The Five Pillars of the draft rules as posted by the CMF include:

1. Proportionality: The requirements must be differentiated and proportional based on the risks inherent to the particular activities carried out by each entity.

2. Neutrality: The regulation should not generate regulatory asymmetries between those entities that are intensive in technology or those that use technology to a lesser extent.

3. Comprehensiveness: For the regulation applicable to Crowdfunding to fulfill its purpose, it must not only address the aspects of the activity itself, but it must also regulate the services and related aspects to allow companies to generate economies of scale or of scope, and improve its competitiveness at the local and regional level.

4. Flexibility: Regulation must allow different business models to coexist and allow them to change over time without the need to constantly adapt that regulation.

5. Modularity: The regulation must recognize that the service that was traditionally provided in a comprehensive manner, with technology can be decomposed and, therefore, that there may be service providers that only perform a component of the traditional service value chain, For this reason, the requirements that the entity must comply with will be directly related to the different components (modules) to be carried out.

The proposed draft rules encompass the following entities into the regulatory perimeter of the CMF:

i) Collective financing platforms: physical or virtual place through which those who have investment projects or financing needs.

ii) Alternative transaction systems: physical or virtual place that allows its participants to quote, offer or trade financial instruments and that is not authorized to act as a stock exchange.

iii) Order routers and financial instrument intermediaries: receive and channel orders from third parties for the purchase or sale of financial instruments to alternative transaction systems, securities intermediaries, or product stock brokers.

iv) Custodians of financial instruments: an entity that owns financial instruments in its own name on behalf of third parties, or maintains money or foreign currency on their behalf and that come from the flows or their disposal or have been delivered for the acquisition of the same or to guarantee operations with those instruments

v) Credit advisers: those who provide evaluations or recommendations to third parties regarding the ability or probability of payment of persons or entities.

These entities must register in the Public Registry and before starting their functions they must prove compliance with the requirements associated with the level of risk of each service provided.

Additionally, the preliminary draft incorporates a definition of financial instrument, which includes, among others, securities not registered in the Securities Registry, derivatives, contracts for differences, invoices, and digital assets.

The project does not include regulation of those digital assets that are used as a means of payment, a matter that the CMF is working on together with the Central Bank.

In order to guarantee regulatory symmetry and technological neutrality, modifications are also made to the rules that govern stock exchanges, securities intermediaries, general fund managers and portfolio managers.

The draft also incorporates a Regtech requirement as the Commission demands that the new regulated entities and other supervised entities, enable a remote and automated access interface to facilitate the exchange of customer information, with prior authorization from them. With this provision, Open Banking is incorporated into the legal framework.

Source

Written by bizbuildermike · Categorized: Crowdfunding · Tagged: acquisition, Banking, Blockchain & Digital Assets, business, Central Bank, chile, cmf, comision para el mercado financiero, Crowdfunding, Currency, Derivatives, digital, digital assets, exchange, Exchanges, financial inclusion, financial services, fintech, fund, Global, information, innovation, inter-american development bank, investment, legal, legislation, market, models, money, other, payment, platforms, Politics, Legal & Regulation, portfolio, product, Regulation, risk, Technology, trade, transaction

Nov 11 2020

VeChain charts 23% weekly growth as Chinese officials talk usage post-epidemic

The price of VeChain (VET) extended its rally on Wednesday, building off a solid week of gains following discussions with Chinese government officials centered on a post-epidemic health response. 

VeChain rose 2% on Wednesday to reach $0.011669, according to CoinMarketCap. Over the past seven days, the supply-chain management cryptocurrency is up over 23%. Only two other top-30 coins — NEM (XEM) and Chainlink (LINK) — have outperformed VET over the past seven days.

Source: CoinMarketCap

At current values, VeChain has a market capitalization of $751 million.

The cryptocurrency’s uptrend appears to have coincided with a meeting of high-ranking officials from China’s Hubei Province, VeChain and DNV GL Global, a global risk management firm, early last week.

As reported by China-based Chainnews, the meeting centered on the use of digital tools to revamp the public health system in the wake of COVID-19. Supply-chain logistics, especially those that enable import traceability and certification, will be a critical component of the post-crisis response.

DNV GL proposed a four-pronged approach to public health management in the wake of the epidemic, including an “internationally leading blockchain-based self-risk management” platform.

In an accompanying report, DNV GL senior vice president Kang Wenyu said the “prevention and control of epidemics” requires a coordinated approach to health management. He said:

“Standardized and digital management tools can efficiently establish a complete public health system.”

Wenyu touted VeChain as a strong candidate for improving existing models:

“The new environment requires an innovative management model. VeChain’s blockchain technology can ensure the transparency, security, and credibility of all critical information, increase the cost of data fraud to infinitely high, and minimize the cost of supervision.”

Launched in 2015 by Sunny Lu, VeChain is widely regarded as the leading enterprise supply chain management platform leveraging blockchain technology. The platform is backed by the Chinese government and has even been promoted by state media.

Possibly as a natural extension of its close ties with Beijing, VeChain is not a fully decentralized platform. This is by design, as its developers sought to integrate features from both decentralized and centralized finance.

VeChain charts 23% weekly growth as Chinese officials talk usage post-epidemic

Source

Written by bizbuildermike · Categorized: cryptocurrency · Tagged: blockchain, Chainlink, china, coronavirus, covid-19, cryptocurrency, data, decentralized, Design, digital, Enterprise, Environment, finance, fraud, gains, Global, government, health, information, Logistics, market, Media, Model, models, nem, other, president, public health, report, risk, Risk Management, security, supply chain, Technology, VeChain

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