Mobile Payments Financial News

07.09 / 20:15

Payments regulation Google Apple Apple Pay Mobile Payments CFPB CFPB examines Big Tech’s role in mobile payment systems ahead of rulemaking

Big businesses are able to act as “mini-governments” and impose their own rules on payment infrastructure, Rohit Chopra, director of the United States Consumer Financial Protection Bureau (CFPB), said at a fintech conference hosted by the Philadelphia Federal Reserve Bank on Sept. 7. As Big Tech continues to innovate, small firms may be squeezed out of the space, he added.

08.11 / 15:13

business Adoption Payments Tokens Bitcoin Payments Mobile Payments Pay and dump? How businesses accepting crypto payments influence adoption

Cryptocurrency enthusiasts often argue that businesses need to start accepting crypto as payments for adoption to grow — boosting usability and potentially creating strong demand for these currencies.

03.11 / 15:01

Blockchain Adoption Payments solana Mainstream Mobile Payments Boba Guys, Shopify users showcase adoption of Web3 tools — Solana Breakpoint

Web3 tools powered by layer-1 blockchain Solana are driving tangible returns and delivering deep customer data insights, according to prominent mainstream brands and companies that attended Solana Breakpoint.

02.11 / 14:07

Adoption Payments regulation Bitcoin Payments remittances Mobile Payments Crypto remittances offer cheaper alternative, but still face challenges to adoption

As the cryptocurrency market moves sideways and amid a deepening stablecoin exodus, the sector remains a vital lifeline for many sending money to loved ones while dodging extremely high fees that can be life-changing over time.

04.10 / 21:27

Blockchain Adoption Payments Mobile Payments Stellar, PwC publish ‘framework’ to judge emerging market blockchain projects

The Stellar Development Foundation, developers of the Stellar network, released a financial inclusion framework for judging the efficacy of emerging market blockchain projects. The framework was developed in cooperation with consultants PricewaterhouseCoopers International (PwC) and was explained in a white paper published on September 25.

05.09 / 14:29

Blockchain Ethereum Adoption Payments VISA solana Mobile Payments Visa taps into Solana to widen USDC payment capability

Global payments processor Visa has rolled out support for USD Coin (USDC) payments settled on the Solana blockchain as its stablecoin offering begins to expand.

05.09 / 13:31

Adoption defi Payments transactions Decentralization Money Transfers Mobile Payments Making real-world blockchain solutions possible — Solana co-founder Raj Gokal

Raj Gokal, co-founder of blockchain protocol Solana and chief operations officer of Solana Labs, started his career in venture capital with a focus on high-growth tech business.

20.07 / 02:23

CBDC Adoption Payments Mobile Payments Future South Korean central bank charts out future course of payment systems, CBDC

The South Korean central bank (BOK) has published its 2022 Payment and Settlement Systems Report. Oversight of the systems was carried out successfully, the report said, and it is getting ready for a future with central bank digital currency (CBDC) and is discussing stablecoin regulation broadly.

01.06 / 20:35

regulation PayPal P2P P2P Payments Mobile Payments Mobile Wallet NOT Money stored on mobile payment apps may not be FDIC insured, US watchdog warns

Keep your money in an insured account, not on an uninsured payment app, the United States Consumer Financial Protection Bureau (CFPB) warned Americans in a report released June 1. The increasing popularity and utility of nonbank peer-to-peer (P2P) payment apps, including for crypto asset transactions, makes the risk of loss in the event of a crisis ever more concerning, the watchdog said.

11.05 / 21:43

regulation Mobile Payments Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly

The National Bank of Ethiopia (NBE) has issued a mobile money-service license to Safaricom M-Pesa Mobile Financial Service, it announced May 11. Previously, only Telebirr, part of the state-owned Ethio Telecom network, operated in that market.

28.02 / 16:43

business IRS Taxes Mobile Payments Bitcoin-friendly Cash App integrates TaxBit amid tax-filing season

Mobile payments processor Cash App has integrated crypto tax and accounting software TaxBit into its services, giving Bitcoin (BTC) holders a more streamlined approach to reporting their taxes.

24.02 / 04:45

business Lightning Network shares Bitcoin Bitcoin Price Mobile Payments Q4 Block's Q4 Bitcoin revenue down 7% on crypto price decline

Jack Dorsey’s payment company Block Inc. reported $1.83 billion of Bitcoin (BTC) revenue from its Cash App business unit in the fourth quarter, representing a 7% fall from the same time last year.

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