Venezuela Makes Giant Leap By Accepting Bitcoin Payments for Passports

Venezuela’s failing economy has often barred the country from the global financial system. Over the last few years, President Maduro has been turning to cryptocurrency to savor the failing economy.  The South American country has been at the forefront of cryptocurrency adoption, with several projects in play. The recent move by the government is accepting bitcoin for passport payments.  The news hit the country by storm after a twitter user put out a screenshot of the government website, showing cryptocurrency…

Integration of Blockchain Technology into The Education Systems

Blockchain can be considered one of the most exciting developments in technology over the last century. The rapid evolution of decentralized computing systems and hacker-proof ledgers has led to blockchain technology adoption in several companies and industries.  Formerly, traditional sectors like finance and healthcare have opened their doors to utilizing this ledger technology in their systems. As a known catalyst of change, blockchain has revolutionized the speed of transactions and trust in the system. However, does it stand a chance…

Bitcoin Payments Facing Growth Challenges

One of the cryptocurrency applications in the world of finance is using digital coins to exchange goods and services.  Both large and some small businesses are starting to incorporate virtual currencies into their payment solutions. Nevertheless, the future use of Bitcoin in firms is somehow uncertain. It is because some of the previous Bitcoin supporters stopped using Bitcoin payments this year. As some of the firms using Bitcoin remained resolute, other firms bowed out shortly.  Adyen and Some Other Firms…