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Contactless ‘Pay to Pray’

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The Church of England has announced that it will be able to accept contactless card payment for donations at 16,000 churches, cathedrals and religious sites. Why? The Church of England raises a whopping £580m every year in donations, but in today’s society, particularly among young people, cash is carried less often, and there is a […]

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First Direct Customers Can Pay By Siri

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First Direct customers can now make voice-activated payments to existing payees or mobile contacts via the Siri tool on their Apple iPhones, without logging into online banking or using their password. Following Barclays First Direct’s move to voice-activated payments follows the move by Barclays last August to allow its customers (with an Apple device with […]

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UK Government Unveils Online Extremism Blocker

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Home Secretary Amber Rudd has unveiled the UK government’s new tool for detecting and blocking online extremist and jihadist content. Publicly Funded The new tool was developed by artificial intelligence company ‘ASI Data Science’ based in London, and was funded using £600,000 of public funds. Tackling A Growing Problem The tool was developed to tackle […]

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Bitcoin Battered

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Cryptocurrency Bitcoin’s value has now dropped to $6,000, a fall of $13,000 since November 2017. What Is Bitcoin? Bitcoin is a digital web-based currency that operates without the need for central banks and uses highly secure encryption to regulate the currency units and to verify transfers of funds. Bitcoin, which was first produced in 2009, […]

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Virgin Credit Cards : No To Crypto

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Shortly after Lloyds Bank announced that it would be banning customers from buying crypto-currencies such as Bitcoin using their credit cards, Virgin Money is now adopting the same policy. Why? The volatility of cryptocurrencies such as Bitcoin have led Lloyds, and now Virgin Money to try to protect their customers from running up large debts […]

Bitcoin’s Biggest Increase in Value in 3 Years

Bitcoin’s Biggest Increase in Value in 3 Years Fuels Renewed Optimism

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The growing optimism for the future of the web-based crypto-currency ‘Bitcoin’ received another boost this week as the value of 1 Bitcoin jumped above $1,000 (£815) for the first time in three years. Performed Better Than Central-Bank-Issued Currencies. On Sunday, the digital currency’s 2.5% increase in value helped it to not only reach a three-year […]