The social shopping platform Personas Social has introduced a Bitcoin payment system, according to a press release. The company is now accepting Bitcoin payments for content purchases on its Peeks Social platform.
The press release states that this also comes with an identity verification process, which requires users to present photo ID and proof of address in order to withdraw funds.
Personas Social has received requests from online merchants to use its Bitcoin payment service and said it might consider expanding payment processing for other merchants, the press release said.
In other news, Kia Motors America was the victim of a ransomware attack by the DoppelPaymer group demanding $ 20 million bitcoin as a ransom, CoinDesk reported.
DoppelPaymer said if the ransom was not paid, stolen data would be released to the public, according to the report. If DoppelPaymer is not paid within 10 days, the required amount increases to 600 bitcoins or over 30 million US dollars.
Kia Motors America is currently suffering from severe power outages as both phone systems and web systems are offline, CoinDesk reported.
Meanwhile, Gemini is launching its new Cryptopedia, which, according to a blog post by the company, aims to provide high quality information about cryptocurrencies to the world.
Gemini said in the Post that their mission is to “empower the individual through crypto, and we believe the journey begins with understanding. We know that the lack of comprehensive education about crypto is one of the main barriers to consumer access and acceptance – this is where Cryptopedia can help. “
The new Cryptopedia will be suitable for anyone with any level of knowledge about crypto, from those looking to familiarize themselves with the basics of Bitcoin to in-depth dives into trending new projects in the field of decentralized finance (DeFi) or such as trading and investment concepts for Cryptocurrency apply, it says in the post.
There is also an expert network that provides insights into people like Brendan Eich, CEO of Brave, Stani Kulechov, CEO of Aave, Kathleen Breitman, co-founder of Tezos, and others.
NEW PYMNTS DATA: BUY NOW, PAY LATER, CONSUMER STUDY
About: Buy Now, Pay Later: Millennials and the Changing Dynamics of Online Credit, a collaboration between PYMNTS and PayPal, explores the demand for new flexible credit options and the way consumers, especially in the millennial demographics, are paying online. The study is based on two surveys of nearly 15,000 US consumers.
Bitcoin, Cryptocurrency, Cryptopedia, Cybersecurity, Double Paymer, Fraud, Twins, Identity Verification, Kia, News, Personas Social, What’s Hot