Digital currencies

The Iranian government intends to legalize Bitcoin as a legal tender on the territory of the country.

The world's most popular digital currency, Bitcoin, has topped another threshold, reaching $6,031 on Friday. It comes less than a week after the cryptocurrency smashed the $5,000 benchmark.

A senior executive at China's state-backed internet finance body said on Sept. 15 "stateless" digital tokens such as bitcoin posed risks as they could be used for illegal actions, and rules are needed to support the development of "legal" digital currencies.

The CEO of JPMorgan Chase Jamie Dimon has denounced the bitcoin cryptocurrency as a fraud, bound to fail.

"The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart," Dimon said at a bank investor conference in New York.

Uber on July 13 announced that it was merging in Russia and five other ex-Soviet states with the taxi hailing app of the country's leading internet giant, Yandex.

Bitcoin's rocketing rise in value shows no sign of abating after breaking the $2,900 mark Tuesday.

The digital payment reached a value of $2,967.48 at around 1.20pm UTC Tuesday, according to the Coindesk Bitcoin Price Index. The pricing is a record high for the cryptocurrency which has been hit with periods of volatility.

The price of bitcoin has seen another surge of 6.5 percent on Wednesday to reach an all-time-high of $2,389. The world's most popular digital currency has gained 145 percent this year and has nearly doubled in value just in the last month.

Greek consumers are making more and more online purchases and tend to use or are particularly interested in new methods of payment, such as digital wallets and the special apps developed by banks for cell phones, according to Mastercard's Masterindex survey.

PayPal Holdings Inc shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq after more than a decade in eBay Inc's fold on July 20, valuing the digital payment processor at about $52 billion.

BELGRADE - The new payment services law will bring significant improvements, creating a legal basis for boosting competition in the payment services market, the National Bank of Serbia (NBS) has said in a statement.