PayEase Awarded Cross-border Payments License

| Tim Parry

The issuance of the pilot license has set the historical precedence for PSP in China to process RMB transactions for any overseas merchants and settle funds in the local currency of the merchants’ domiciliation or any foreign currency of their choice.

Overstock.com Surpasses $1 Million in Bitcoin Transactions

| MCM Staff

Overstock.com announced that it has sold over $1 million in product to Bitcoin users since the online shopping site started accepting the cryptocurrency on Jan 9. According to Overstock.com, of the over 4,300 Bitcoin customers that made purchases with the site since January, almost 60% are new customers.

Most Consumers Would Never Consider Using Bitcoin

| Tim Parry

As buzz about Bitcoin continues to build, the question is often asked – will consumers embrace this alternative currency? A new nationwide survey conducted for TheStreet by GfK1 shows that consumers do not understand Bitcoin and have little interest in owning it.