Payment Provider Sues Crypto Co. For £2.4M In Unpaid Fees

By Christopher Crosby (October 8, 2019, 8:09 PM BST) -- A London-based digital payments company has accused a major Icelandic cryptocurrency operation of failing to pay more than £2.4 million ($2.9 million) for a software system to allow bank customers to pay for purchases with digital currencies. 

London-based Digital Capital Ltd. hit Genesis Mining Iceland EHF with a commercial contract claim at the High Court on Sept. 30, accusing the cryptocurrency company of reneging on a five-year deal for payment services connected to a new debit card facility. 

The payment provider accused Genesis of failing to pay it for work building and maintaining a software system allowing banking customers to pay for...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!