PayPal Enables U.S. Business Accounts to Buy, Hold and Sell Crypto
[Sep 25 7:34 PM] The service won't be available to New York state in the beginning.
2 / 11 Relevant items tagged with #Payments
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DOJ sues Visa over alleged payments monopoly
[Sep 24 8:56 PM] The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market.
Louisiana takes first crypto payment over Bitcoin Lightning
[Sep 19 1:30 AM] Louisiana is now taking crypto payments for state services, and its Wildlife and Fisheries Department has just taken the government’s first crypto payment.
Australia’s central bank launches 3-year program for wholesale CBDC
[Sep 18 3:30 AM] RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present.
Russian Central Bank Eyes Digital Currency to Overcome Cross-Border Payment Obstacles
[Sep 17 2:30 AM] Elvira Nabiullina, head of Russia’s central bank, has highlighted challenges in cross-border settlements, including payment issues and falling trade volumes. She emphasized the importance of finding new solutions, such as using digital…
UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform
[Sep 16 11:01 PM] Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.
What ‘far-fetched’ scenarios could still send Bitcoin price to $0?
[Sep 12 2:30 PM] Despite some dedicated critics saying otherwise, Bitcoin hitting $0 is extremely unlikely due to its strong global community, established infrastructure and historical resilience.
Turkey’s $200 limit on cash payments: What does it mean for crypto?
[Sep 12 1:17 PM] Should the Turkish government pass new amendments, all cash payments above $205 would be subject to fines of 10%.
China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025
[Sep 9 12:30 AM] Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected…
Head of the State Duma’s Financial Market Committee: National Digital Currencies to Be Considered for Bilateral Settlements Between China and Russia
[Sep 5 10:30 PM] Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these…
Getting paid in crypto: Dubai court ruling shows increasing acceptance
[Sep 5 1:30 PM] Crypto salaries are becoming more common, especially in countries with prevalent economic incentives like inflation.
Mastercard enables non-custodial crypto spending in new partnership
[Sep 5 10:19 AM] Mastercard partners with Mercuryo to launch a euro-denominated crypto debit card, enabling users to spend crypto from self-custodial wallets at over 100 million merchants.
Sberbank to Join Russia’s Crypto Settlement Pilot This Fall, Executive Reveals
[Sep 5 6:30 AM] Sberbank, Russia’s largest financial institution, plans to join a cryptocurrency settlement pilot program this fall. The bank also aims to serve clients using digital rubles by 2025. Deputy Chairman Anatoly Popov supports regulatory efforts…
Payments in National Currencies Surge to 92% Among SCO Members
[Sep 1 2:30 AM] Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which…
Lightspark Presents Solution Linking Lightning Network Payments to Bank Accounts in the U.S.
[Aug 31 2:30 AM] Lightspark, a Bitcoin Lightning Network financial services company, has announced the release of its UMA Extend feature, which focuses on increasing the interaction between crypto and legacy rails in the U.S. With UMA Extend, businesses can opt in…
JPMorgan Executive Sees Big Future for India’s CBDC Initiative
[Aug 30 6:30 AM] Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank digital currency (CBDC), the…
Coinbase CEO Brian Armstrong Predicts Payments Will Be Crypto’s Next Big Boom
[Aug 28 2:30 AM] Coinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead…
Bank of Russia Eyes Stablecoins for Cross-Border Transactions
[Aug 27 11:20 AM] The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative may involve a limited group of…
MetaMask launches pilot self-custody debit card with Mastercard
[Aug 14 5:00 PM] More than 1 billion individuals remain unbanked or lack adequate access to banking services, according to 2022 data from the World Bank.
Bitrace warns of new crypto scam using QR codes
[Aug 8 7:45 PM] The scam starts with a small payment of Tether (USDT) to the user.
US crypto firm BitGo wins payment license in Singapore
[Aug 8 12:39 PM] Before receiving the license, BitGo served users in Singapore and APAC, but the offering included only custody services from the US South Dakota Trust and hot wallets.
Jump likely shuttered development arm, not trading — 1000x co-host
[Aug 7 9:14 PM] Jonah Van Bourg expects Jump’s quantitative crypto trading business is continuing to operate as before.
Bitstamp helps Stripe scale crypto purchases in the EU
[Aug 7 2:02 PM] Bitstamp entered a partnership to support Stripe’s crypto on-ramp solution in Europe a few months after Robinhood announced its $200 million acquisition of the exchange.
Paypal Launches Global Hackathon With 40,000 PYUSD in Prizes
[Aug 2 11:30 PM] Paypal, a leading payment platform, has announced a global hackathon for its stablecoin PYUSD, offering 40,000 PYUSD in prizes. This initiative follows the launch of the Paypal stablecoin on Solana. Running from Aug. 12 to Sept. 16, the hackathon…
Tether reports record-breaking $5.2B profit in first half of 2024
[Jul 31 4:47 PM] Tether said its US Treasury reserve surpasses the size of all but 17 of the world’s governments.
Blackbird Labs launches Web3 platform for restaurant payments
[Jul 30 7:30 PM] Blackbird Pay is built on the company's new blockchain network, Blackbird Flynet.
Cross-border BTC payments a top priority for Marathon Digital — Bitcoin 2024
[Jul 26 1:15 PM] The Bitcoin miner is seeking partners to build BTC payment apps, a company executive said.
Exclusive: Franklin Templeton mulls bringing RWAs to Ethereum, user-managed wallets
[Jul 26 10:39 AM] The asset manager is considering expanding tokenized securities to the Ethereum mainnet and other EVMs, its digital assets head told Cointelegraph.
VanEck says Bitcoin could hit $2.9 million per coin by 2050
[Jul 25 12:00 PM] Bitcoin layer 2s could be collectively worth around $7.6 trillion, the report added.