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Cryptocurrency mining has become so popular it's straining electrical grids and causing worries about capacity. Finextra reports the U. In China , which is less friendly to alternative currency in general, provincial governments are being told to "guide" companies out of the coin mining market by enforcing stricter rules on electric consumption. Arizona's the latest state to consider how bitcoin could impact state taxes. A pending bill would allow bitcoin or other cryptocurrencies to be used to pay state taxes, with the state's department of revenue converting the cryptocurrencies to dollars within 24 hours, then crediting the taxpayer's account for the dollar amount.

Vermont is also considering bitcoin-related tax, though in Vermont's case it would tax the creation of new cryptocurrencies. Leo's bill pay in Africa: Facebook Messenger's forays into payments and financial services now includes Leo, the United Bank for Africa's chat banker, which powers myriad banking transactions including bill payments and transfers.

Consumers can access Leo by having a Facebook and UBA account, and UBA said the product uses artificial intelligence to improve performance and add more services over time. A pop group in Japan is accepting cryptocurrencies as payments, and is also recording songs about the bitcoin craze. Called Kasotsuka translates to "virtual currency girls" , each member represents a different cyrptocurrency—there's a member who represents bitcoin, another for Ripple, Ethereum, etc.

Cinderella Academy, an entertainment company, created the group to promote cryptocurrencies. Group member Rara Naruse told the site the group wants to promote the virtual currencies as not just a tool for speculation, but technology that will shape the future. They conducted an online poll of the payment behavior of active Bitcoin investors, and found that All three are previous investors. Razorpay went through the YC program, and launched its business there, at the start of Cannabis payment firms push ahead despite Jeff Sessions' opposition Despite the growing legality of marijuana sales, banks have largely written off the industry as being too high-risk.

Recent remarks by U. Attorney General Jeff Sessions would seem to reinforce that position. TSYS ready to move into retail with Cayan tech With merchant services provider Cayan firmly under its umbrella, Total System Services is prepared to venture deeper into retail acquiring and processing through Cayan's omnichannel Genius platform.

Visa to drop signature requirement in North America, joining other major card brands If it wasn't before, it's official now. Signature authorization in North America will largely cease to exist in April. Partner Insights Sponsor Content From: More from this Author 5. Comment Start the Conversation, Login. How Peru built the mobile wallet that other nations are starting to copy. Like what you see? Make sure you're getting it all Independent and authoritative analysis and perspective for every segment of the payments industry.