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Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution

[Oct 3 11:30 PM] Ripple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the region’s crypto landscape, helping businesses…

OKX bags Singapore crypto license

[Sep 2 7:15 AM] OKX Singapore also announced that it onboarded Gracie Lin, who previously worked at MAS, as its CEO. 

Russia Set to Launch Crypto Payment Trials Next Week, Report

[Aug 27 1:30 AM] Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment Card System and could…

DBS Bank launches blockchain-powered treasury tokens pilot

[Aug 13 7:55 AM] The pilot introduces DBS Treasury Tokens on a permissioned, EVM-compatible blockchain, enhancing corporate liquidity management across multiple markets.

Kyrgyz Republic proposes digital som legislation, CBDC launch by 2027

[Aug 9 6:39 PM] The small Central Asian country is currently taking public comments on its framework legislation.

Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops

[Jul 31 5:30 AM] The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and…

Aave DAO Launches GHO Stablecoin on Arbitrum Network

[Jul 2 12:33 PM] Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum…

CBDC Interest Climbs Steadily Over Five Years, Google Trends Data Shows

[Jun 15 1:05 PM] Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past five years. The term has maintained a score above 20 since August 2022, on a scale of 1 to…

Peru adopts India's UPI system to boost financial inclusion

[Jun 7 10:57 AM] The Indian instant payment system is gradually making its way around the world. Soc India and Peru collaborate on payments

Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD

[Aug 7, 2023 8:53 AM] Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes. A…

Ripple Obtains In-Principle Approval for Major Payments Institution License in Singapore

[Jun 21, 2023 8:08 PM] Authorities in Singapore have awarded 190 Major Payment licenses, and 11 of these have gone to Digital Payment Token companies.

Study Shows QR and Digital Payments Continue Gaining Ground in Argentina

[Mar 14, 2023 1:30 AM] A recent study made by Fiserv, a global payments company, shows that QR and digital wallets have grown significantly as payment options in Argentina. While credit card preference has stagnated, the use of cash for payments has decreased, with only…

Blockchain Retail Market Size to Top Over $2 Billion by 2028 — Study

[Mar 9, 2023 2:30 AM] According to Fortune Business Insights, the global blockchain retail market size is expected to surge from the $172.2 million recorded in 2021 to over $2 billion by 2028. Both the demand for the product by end-users as well as the growing use of…

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

[Mar 8, 2023 2:30 AM] The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in…

Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership

[Mar 2, 2023 4:30 PM] On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is…