Payments Financial News

12.09 / 13:33

Payments PayPal MetaMask PayPal Enhances Crypto Offering with USD Conversion Service

Payments giant PayPal is expanding its cryptocurrency offerings with the introduction of a USD conversion service.

08.09 / 09:39

Adoption Payments regulation P2P Payments regulatory Singapore regulatory sandbox lacks qualified crypto payment providers

The Monetary Authority of Singapore (MAS) has said that no businesses have qualified to participate in its FinTech Regulatory Sandbox framework as cryptocurrency payment providers.

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.

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.

31.08 / 14:57

business Blockchain Payments MasterCard credit cards Nexo Nexo launches crypto Mastercard for EEA citizens

Bulgarian decentralized lending platform Nexo has unveiled a crypto-powered debit and credit Mastercard for citizens of the European Economic Area (EEA).

25.08 / 20:37

Adoption Payments Europe European Union ECB Euro digital euro services Spanish central bank official talks about private payment services in era of digital euro

Deputy governor of the Bank of Spain Margarita Delgado spoke to university students and others about the introduction of the digital euro in Pamplona on Aug. 25. Looking into a future through the lens of the recent European Commission’s recently proposed digital euro legislative plan, she spoke at length about how private payment solutions will interact with the digital euro and its infrastructure.

23.08 / 16:29

business Blockchain Payments solana Usd Coin Shopify Shopify to accept USDC payments with Solana: Report

E-commerce giant Shopify has added Solana Pay to its pool of options for payment, allowing millions of merchants to use the platform to accept crypto transactions, kicking off with USD Coin (USDC) stablecoin payments.

21.08 / 10:27

Blockchain CBDC Payments wallet Internet of Things P2P Bitcoin What are peer-to-peer payments, and how can they work offline?

Peer-to-peer (P2P) payment protocols are sets of rules and standards that enable transactions directly between two parties without intermediaries like banks or payment processors. P2P payment protocols increase security with cryptographic encryptions and provide lower transaction fees, as there are no intermediaries involved.

14.08 / 07:59

business Adoption Payments wallet PayPal PayPal to roll out Cryptocurrencies Hub for select users

Payments giant PayPal, soon after launching the dollar-backed stablecoin PayPal USD (PYUSD), updated its terms and conditions to introduce Cryptocurrencies Hub — a feature that allows users to hold and interact with Bitcoin (BTC) and cryptocurrencies in their PayPal account.

10.08 / 13:59

business Ripple Payments banking Cross-border Ripple joins BIS cross-border payments task force

The Bank for International Settlements (BIS) has recently announced a cross-border payments interoperability and extension (PIE) task force which includes the blockchain-based digital payment network, Ripple.

10.08 / 12:17

Adoption Payments Reserve Bank of India Indian Government India proposes AI-powered conversational payments system: RBI

The Reserve Bank of India (RBI), the country's central bank, has published a press release that floated the idea of using artificial intelligence (AI) on conversational payments in the unified payments interface (UPI), which is an instant payment system developed in India.

10.08 / 04:15

business NFT Payments Apple Court Apple’s 30% tax rules will stay for now, crypto and NFTs may have to wait

Crypto app developers hoping for a loosening of Apple's App Store rules will have to wait longer after a United States Supreme Court held off on granting a request to let apps direct users to payments outside of Apple’s ecosystem.

08.08 / 13:45

Blockchain Stablecoin CBDC Adoption Payments Japanese startup to use stablecoins and CBDC to link Asian countries

Japanese blockchain startup Soramitsu is exploring new central bank digital currency (CBDC) applications with a new project on the cross-border payment system for Asian countries.

02.08 / 08:39

Adoption Payments coinbase Lightning Network lightning Bitcoin bitcoin lightning Bitcoin Lightning on Coinbase agenda, Brian Armstrong tells Jack Dorsey

Brian Armstrong, the CEO of Coinbase, confirmed that the crypto exchange is “looking into” adding the Bitcoin (BTC) Lighting network in its quest to spread crypto payments adoption across the globe.

25.07 / 04:59

Dogecoin business Twitter Adoption Payments Altcoin memecoin elon Reading the Elon Musk 'tea leaves' — Is Dogecoin coming for Twitter?

A subtle change in Elon Musk’s Twitter bio after his platform’s rebrand to “X” has again fanned the flames of speculation — that Dogecoin (DOGE) may have a future on the platform.

21.07 / 18:05

markets Ripple XRP Payments Altcoin SEC XRP price searches for a fresh bullish catalyst to trigger a move above $1

XRP (XRP) price booked an incredible 100% gain on the same day as the landmark ruling in the XRP securities case, but buyers are now struggling to hold on to these gains.

20.07 / 10:25

business Payments regulation Federal Reserve Mainstream Reserve FedNow Service has no relation with CBDCs, Federal Reserve clarifies

The Federal Reserve of the United States clarified that its new service for instant payments between organizations — FedNow Service — has no relation with central bank digital currencies (CBDCs).

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.

19.07 / 10:35

Stablecoin Payments Hedera network Hedera Network Powers Shinhan Bank's Successful Test of Stablecoin Payments

The South Korean commercial banking giant Shinhan Bank completed an EMV-compatible feasibility test for stablecoin remittance payments on the Hedera network.

18.07 / 17:45

business Adoption defi Payments wallet “When evaluating a fiat-to-crypto on-ramp, three things matter” — Q&A with Uphold

Although the crypto market is growing and evolving, and market players boast various clever payment solutions, there is still ample room for improvement toward broader Web3 adoption. Until last year, decentralized finance (DeFi) constituted a relatively small part of the business world, with many Web3 companies now integrating crypto rails into their business models. Today, the DeFi sector holds over 14,000 decentralized applications (DApps), 51 chains and over 28,000 NFT collections, according to DappRadar. This number doesn’t even consider the companies that gravitate around this ecosystem and have financial operations in crypto to support native Web3 companies.

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