...nomic growth. As reported by Russian news outlet RBC, five growing economies including Brazil, Russia, India, China, and South Africa, were discussing the launch of the “BRICS cryptocurrency” and unified payment system. The idea of creating a new cryptocurrency and a single payment transaction system between the five countries was supported by the BRICS Business Council. As reported earli...

...s that it offers new competition.** Most traditional payment processing companies haven’t had to reduce fees because there aren’t a lot of choices for merchants. Instead of only having a handful of viable options, there are thousands of possible new cryptocurrency alternatives. This means that merchants can begin to adopt cryptocurrencies and reduce the monopoly of fiat payment processors....

Imagine getting paid while shopping online. Even better, imagine getting paid in cryptocurrency while shopping online. Sound good? A new customer rewards platform called Lolli thinks so and is paving the way for a new cryptocurrency cashback model. Or perhaps it should be coined the new bitcoinback model? Either way, users of the service will receive rewards in Bitcoin when shopping at one of Lo...

...ironments. This seems to have worked particularly well in Malta, which eventually became colloquially known as the “blockchain island” because of the high number of cryptocurrency firms that set up shop there. Considering previous experience, new cryptocurrency companies have avoided establishing themselves with unclear regulations due to the chance of accidentally violating the law, and be...