Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein
[Apr 9 5:19 AM] Solana is leading the field in blockchain payments, but the network has scalability issues, the report said.
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BCB Group Moves Custody of Digital Asset Operations to Metaco’s Platform
[Apr 9 1:00 AM] The move will allow the crypto payments firm to consolidate its custody technology.
Nigerian Startup, Zone, Raises $8.5M in Seed-Funding Round
[Mar 20 5:30 AM] Zone, a Nigerian payment fintech startup that leverages the blockchain, recently raised $8.5 million in a seed funding round. An undisclosed portion of the funds will be allocated to cover costs associated with the trial of Zone’s cross-border…
With Mastercard, MetaMask Tests First Blockchain-Powered Payment Card
[Mar 11 10:55 AM] It would be "the first ever truly decentralized web3 payment solution," allowing users to spend their crypto "on everyday purchases, everywhere cards are accepted," according to marketing materials CoinDesk reviewed.
Russia Hints at Development of CBDC-Based BRICS Bridge Payments System
[Feb 27 4:30 PM] Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov…
Mastercard’s Latest Crypto Loyalty Scheme Aims to Plug Google Pay Gaps
[Feb 20 9:29 AM] Mastercard is working with emerging markets-focused mobile payments app Swoo Pay to offer loyalty rewards in cryptocurrency.
Coinbase States Americans Could Have Saved at Least $74 Billion Using Crypto
[Feb 9 9:00 PM] Coinbase, a leading U.S. cryptocurrency exchange, claims that Americans could have saved at least $74 million in 2022 by leveraging crypto tech instead of using credit cards as payment options. In its latest State of Crypto report, Coinbase reveals…
Crypto Payments App Oobit Raises $25M in Series A Funding Round Led by Tether
[Feb 5 8:00 AM] The round also included participation from Anatoly Yakovenko, the co-founder of Solana.
Australian Cash Use in Decline as 75% of Residents Now Seen as ‘Low Cash Users’
Immutable expands Web3 gaming payment options with Transak integration
[Dec 11, 2023 8:00 AM] Immutable deploys Transak’s functionality into its zkEVM gaming development infrastructure, powering in-game cryptocurrency and fiat payment methods.
Russia debuts cross-border payments in Tether stablecoin
[Dec 7, 2023 5:28 AM] In addition to Tether, companies transacting through the Exved system can use the U.S. dollar and the offshore ruble, the platform said.
Coinbase Wallet Launches Global Money Transfers With Link-Based Payments
[Dec 6, 2023 2:30 PM] Coinbase has unveiled a new feature to its wallet service, streamlining international fund transfers. This new update aims to make the transfer of funds as effortless as sending a text. Coinbase Unveils Link-Based Money Transfer Service Coinbase…
Coinbase Adds Message-Based Crypto Payments to Its Decentralized Wallet
[Dec 6, 2023 10:24 AM] Crypto exchange Coinbase (COIN) has updated its decentralized wallet, adding a low-cost way for users to instantly send money to each other through messaging apps by adding features that seem to emulate payments giant Paypal.
Crypto payments: PayPal’s stablecoin ripple effect on markets
[Dec 5, 2023 8:39 AM] Earlier this year, PayPal released its own stablecoin. What effect has it had on crypto adoption?
Swiss city Lugano accepts Bitcoin and Tether for municipal taxes
[Dec 5, 2023 8:00 AM] Swiss city of Lugano officially announced that it has started accepting Bitcoin and Tether as payment for taxes and all other community fees.
Crypto payment firm Alchemy Pay adds SEPA deposits in Europe
[Nov 30, 2023 4:40 AM] Alchemy Pay has introduced new deposit options, including the euro Instant solution, SEPA Instant, and the U.K. fast money transfer option, Faster Payments.
Alchemy Pay bags money services license in Iowa, expands US services
[Nov 23, 2023 7:11 AM] The crypto-fiat payment services provider Alchemy Pay is expanding its presence in the U.S. as it acquired its money services license in the state of Iowa.
Centralized Provider Problem Causes Nationwide Digital Payment Meltdown in Spain: Users Turn to Crypto and Cash
[Nov 21, 2023 4:30 AM] A problem with Redsys, a third-party platform used in all of Spain, caused a meltdown for almost all of the digital payment options in the country, leaving citizens without means of payment for hours. The incident left stores without the…
Nigeria’s Fintech Startup Paystack Cuts Workforce, 33 Employees to Depart
[Nov 18, 2023 6:30 AM] The Nigerian fintech startup, Paystack, will be scaling down its operations outside Africa. In addition, Paystack will part ways with at least 33 employees based in Europe and the United Arab Emirates. Co-founder Shola Akinlade has promised to help…
Strike Rolls Out Bitcoin Purchases To Users Globally
[Nov 16, 2023 3:34 PM] Bitcoin payments firm Strike has expanded its services on a global scale, now allowing users in 36 countries (soon to be 65+) beyond the U.S. to buy bitcoin through the app, founder Jack Mallers announced in a blog post Thursday.
Hashing It Out: How Web3 is causing an evolution of traditional finance
[Nov 16, 2023 7:20 AM] Sarah Clark, the CEO of E-Gates, believes that traditional finance needs to adopt features of decentralized finance as part of an evolution instead of seeing it as a revolution.
Ferrari’s Bitcoin acceptance is major market win, says CoinFlip CEO
[Nov 16, 2023 4:50 AM] It’s not a question of if big-name companies follow Ferrari’s lead to adopt Bitcoin, but when, according to CoinFlip CEO Ben Weiss.
JPMorgan Adds Programmable Payments to JPM Coin
[Nov 10, 2023 5:05 AM] Previously clients would need to set standing orders for payments to take place at a particular time; now they can program them to kick in when the relevant criteria are met.
Pay and dump? How businesses accepting crypto payments influence adoption
[Nov 8, 2023 8:46 AM] Crypto payments are often seen as a way to boost adoption, but is adoption growing if the business sells crypto right back? The answer is complex.
Ripple Broadens Remittances Between Africa, Gulf States, UK and Australia
[Nov 7, 2023 10:00 PM] Ripple also announced product enhancements and license updates, including a focus on payments between enterprises and smaller businesses.
US CFPB proposes supervising digital app providers, including crypto wallets
[Nov 7, 2023 2:09 PM] The proposal would affect retail transactions carried out from crypto wallets, but not crypto trading.
Boba Guys, Shopify users showcase adoption of Web3 tools — Solana Breakpoint
[Nov 3, 2023 8:43 AM] Mainstream commerce and big brands report improved business results and promising loyalty programs through integrations with the wider Solana ecosystem.
Help or hindrance: Is Web3 really improving mainstream industry and products?
[Nov 3, 2023 7:01 AM] Web3 business models based around NFTs, blockchain and crypto have slowly been gaining ground in the mainstream, to mixed success.
Crypto remittances offer cheaper alternative, but still face challenges to adoption
[Nov 2, 2023 7:01 AM] Crypto remittances are a lifeline for many people who need to send money to their loved ones, as they provide faster, cheaper and more transparent transactions than traditional methods.
Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog
[Oct 31, 2023 6:56 AM] Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said.