Transactions Speeds: How Do Cryptocurrencies Stack Up To Visa or PayPal?

Cryptocurrency bag holders often boast that their network transaction speeds are faster than mainstream payment methods, such as Visa or Paypal. As cryptocurrencies continue to rise in popularity, it will be important to determine which blockchain payment networks could eventually become the “new Visa.” While both sides continue to debate their arguments, we jumped through the hard data and created a unique visual to highlight transaction speeds across several different payment networks.


Why São Paulo Wants to Pay for Infrastructure with Cryptocurrency

The Brazilian state of São Paulo is looking to cryptocurrency to help solve its infrastructure problems.

The state, home to 45 million residents and the city of São Paulo – the largest metropolis in the southern hemisphere and the third-largest in the world – plans to use a token called buildcoin to pay engineers across the globe for feasibility studies. These studies are required to assess the practicality and justify the expense of large construction projects.


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Commission Income From Crypto Accounts Jumped 36 Times for South Korean Banks

South Korean banks have been providing virtual account services to cryptocurrency exchanges and earning commissions from them. According to data obtained by the country’s Financial Supervisory Service, banks made 36 times more in commission income from crypto exchanges last year than the previous year.


Bitcoin Devs Release Long-Awaited Schnorr Paper for Scalability Gains – CoinDesk

A new research paper focused on Schnorr multi-signatures and penned by several notable bitcoin developers has just been released.

Published on Thursday, the paper was penned by developers Gregory Maxwell, Andrew Poelstra, Yannick Seurin and Pieter Wuille. It details how Schnorr multi-signatures can be applied to the bitcoin, and though there’s no guarantee they will ultimately be utilized, this new release could mark an additional step in that direction.

Specifically, the Schnorr concept proposes bundling signatures into one small data entry, rather than having multiple signatures listed individually. This has the result of saving space on the blockchain, enabling it to process more signatures while increasing security, according to the paper.


Bitcoin Hardware Wallet Maker Ledger Raises $75 Million from VC Investors – Bitcoin News

Good news for everyone that has been trying to get their hands on a hardware wallet but found retailers to be completely out of stock in your area – the situation has urged investors to step in and the shortage might be addressed soon. Bitcoin hardware wallet maker Ledger has secured an extra $75 million to expand its production capabilities, in one of the largest VC investments in the space to date.