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A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers. [1]
BitPay is a cryptocurrency payment service provider headquartered in Atlanta, Georgia, United States. [2] [3] It was founded in May 2011 by Tony Gallippi and Stephen Pair. [4] [5] BitPay provides crypto payment processing services for merchants. [6]
The payment gateway may be provided by a bank to its customers, but can be provided by a specialised financial service provider as a separate service, such as a payment service provider. A payment gateway facilitates a payment transaction by the transfer of information between a payment portal (such as a website, mobile phone or interactive ...
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...
The trademark application for a crypto payment service comes just days after the Financial Times reported that Trump Media is in advanced talks to acquire crypto trading platform Bakkt. That ...
Common services are cryptocurrency wallet providers, bitcoin exchanges, payment service providers [a] and venture capital. Other services include mining pools, cloud mining, peer-to-peer lending, exchange-traded funds, over-the-counter trading, gambling, micropayments, affiliates and prediction markets.
The XRP Ledger (XRPL), [1] [2] [3] [4] also called the Ripple Protocol, [6] is a cryptocurrency platform launched in 2012 by Ripple Labs.The XRPL employs the native ...
This is the core element of the legal definition: The term "medium of exchange" is best understood in negative terms and requires that a digital asset is neither e-money as defined by the EU E-Money Directive, [33] nor a payment service or payment instrument as defined by the EU Payment Services Directive II, [34] nor any other means of payment ...