August 8, 2014 - In This Issue:

Is Bitcoin The Future of Money Transfer?

     If bitcoin could help us be more efficient, we'd use it." Those are the words of the CEO of money transfer disruptor, XOOM, when asked whether the crypto currency could disrupt the money transfer business.


   John Kunze sat down with PYMNTS CEO Karen Webster to talk about how he's surviving and thriving in the face of enormous entrenched competitors and whether bitcoin could disrupt this $500 billion market.


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Nasdaq Exec: Winklevoss Bitcoin Trust Could Be Significant for ETF Industry

   In a new interview, Nasdaq Vice President of Transaction Services and Head of ETF business David LaValle has called the Winklevoss Bitcoin Trust a "significant" development for the exchange-traded fund (ETF) industry.


   The ETF, first proposed by noted bitcoin investors Cameron and Tyler Winklevoss in July 2013, has been in a state of regulatory flux as the potential offering moves through the approval process. According to recent filings with the Securities and Exchange Commission (SEC), the ETF would trade under the name 'COIN'.


   During his conversation with, LaValle discussed the ramifications of the bitcoin ETF on the broader marketplace. Overall, he sees the Winklevoss effort as a positive one, saying:

Andorran Digital Currency Summit Will 'Unite World's Financial Elite'

   A new cryptocurrency conference is set to take place this autumn in the Principality of Andorra, a 'microstate' that lies in the eastern Pyrenees mountains between France and Spain.


   Although the population of Andorra is under 90,000, organiser Alex Puig says the location is suited to a high-level summit as "banking and financials are at the heart of [this] small but rich country".


   Titled the Digital Currency Summit, the event is aimed to be a coming together of the world's "financial elite" - investors, lawyers, politicians and bankers - to discuss the ground-breaking technology behind digital currencies.


   Notably, the event's organisers says it will be one of the first crypto conferences to focus on regulation, finance and investment.


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New Deal Could See Global Payments Refer 1 Million Merchants to BitPay

   Electronic transaction processing specialist Global Payments has announced a new partnership that will find the firm referring select US and international customers to bitcoin payment solutions provider BitPay.


   Global Payments, which saw revenue of $2.4bn in 2013, boasts more than 1 million merchants globally. These customers are distributed throughout the US, Spain, Central and Eastern Europe, Russia, Canada, the UK and 11 Asia-Pacific countries.


   Amy Corn, senior vice president of marketing and communications at Global Payments, told CoinDesk that the move is one that will allow the company to supply its customers with innovative solutions, while better serving emerging markets.


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Vogogo Raises $8.5 Million to Boost Bitcoin Exchange Security

   Calgary-based online payment services provider Vogogo, a platform that automates payment processing, regulatory compliance and risk management for businesses, including clients in the bitcoin and digital currency sector, has raised $8.5m in new funding.


   The round was led by Cormark Securities Inc and included Beacon Securities Limited, Canaccord Genuity Corp, Clarus Securities and Salmon Partners, with the capital aimed at helping the company expand its service beyond Canada to the US and Europe.


   Speaking to CoinDesk, Vogogo CSO Rodney Thompson said that his firm has become more actively involved in the digital currency space, owing to the need of the industry's businesses for a partner that can handle fiat compliance and the associated fraud mitigation responsibilities that coincide with these offerings.


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Former Director of U.S. Mint: "I Feel Strongly About the Promise of Cryptocurrencies"

  Edmund Moyis one of many new faces that is supporting the cryptocurrency movement. It's Mr. Moy's past work, however, that makes his presence among us interesting.


  From 2006 through 2011, Moy served as the 38th Director of the United States Mint, nominated by President George W. Bush.


   And on several occasions now, Moy has spoken in the defense of the interests of cryptocurrency and the cryptocurrency community - actions highly applauded by enthusiasts around the world.


   Curious about his arrival on the crypto-scene, Moy allowed me the opportunity to ask him a few questions related to the matter.


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