Late last week, Bank of America and JPMorgan Chase announced that they would no longer allow customers to purchase bitcoin (and other cryptocurrencies) through their credit cards. The banks cited the collapsing price of bitcoin, and the growing credit risk associated with such purchases, in their decision. Over the weekend, Citigroup, Capital One and Discover […]

One of the biggest complaints about the current bitcoin ecosystem is the awkward, slow process of actually buying BTC. Even when using a mainstream service like Coinbase, bank accounts must be validated, IDs must be confirmed and transactions must use the tedious bank-transfer system. While there have been some innovations, such as bitcoin ATMs, the […]

Canadian virtual currency exchange Vault of Satoshi (VoS) recently announced several major new services for its rapidly growing customer base. The announcement is the first of two major “Summer Update” announcements, with the second planned in the near future. VoS Director of Marketing Adam Cochran posted the announcements to several popular bitcoin forums, as well […]

Although it has been hailed by many as an disruptive alternative to today’s fee-prone banking and credit card systems, there is a growing realization in the mainstream financial world that bitcoin’s innovations may actually be the solution to some of those industries’ biggest problems. Speaking on CNBC yesterday, BitPay CTO Stephen Pair suggested that the […]

Bitcoin purchasing platform Bittylicious announced an exiting development just shy of its one-year anniversary: E.U. citizens are now able to use credit and debit cards to purchase bitcoin through the site. The U.K.-based company already offers a standard payment options, such as bank transfers and mobile payments, but the ability to irreversibly purchace BTC through […]

One of the biggest frustrations for bitcoin users is the lack of cryptocurrency-accepting merchants. Even if you have a fortune in bitcoin, actually using it in everyday life ranges from being a huge hassle to completely impossible. Bridging the gap between the existing world of bank and credit-card based currency and bitcoin is the billion-dollar […]

Thanks to a new withdrawal system recently announced by BTC-e, one of the biggest roadblocks to mainstream bitcoin adoption may soon be a thing of the past. Starting today, BTC-e customers can withdraw their funds to any country in the world through their Visa or MasterCard. This development has huge implications for the bitcoin community. […]