Payments Financial News

19.05 / 01:39

business Payments exchanges banking Binance Australia partner hints at rising ‘scams’ after debanking exchange

The third-party payments provider for Binance Australia, Cuscal, hinted about the impact of “scams and fraud” related to “account fraud, ID takeover and crypto activity” after being questioned why it offboarded the exchange on May 18.

17.05 / 04:21

business Blockchain Adoption Payments Smart Contracts DLT Financial Services TradFi Lobby Distributed ledger tech could save TradFi $100B a year: Lobby group

Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report from the Global Financial Markets Association (GFMA).

13.05 / 17:21

Blockchain NFT Payments transactions Bitcoin Ordinals and BRC-20 will disappear in a matter of months, JAN3 CEO says

The latest hype around Bitcoin (BTC) Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow.

11.05 / 17:07

CBDC Payments regulation Central Bank BIS BIS issues comprehensive paper on offline CBDC payments

The Bank for International Settlements (BIS) is actively exploring opportunities for offline payments involving a central bank digital currency, or CBDC.

10.05 / 10:33

business Blockchain Payments integration Crypto payment integrations made simple — Interview with CoinsPaid

Cryptocurrency payment gateways can have a significant impact on a company’s operations. By accepting Bitcoin payments, companies can expand into new regions without having to search for local providers. Processing fees are also lower, saving companies a lot of money on commissions. Additionally, crypto payment providers don’t require rolling reserves, eliminating the risk of chargebacks and associated fraud.

04.05 / 17:09

Law CBDC Payments regulation North Carolina House passes bill banning CBDC payments to the state

The House of Representatives for North Carolina has unanimously passed legislation aimed at prohibiting payments to the U.S. state using a central bank digital currency, or CBDC.

29.04 / 05:25

business Blockchain Payments Web3 Verification Mastercard launches Web3 user verification solution to curb bad actors

Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space.

28.04 / 20:09

event Adoption Payments PayPal Bitcoin Payments P2P Payments Venmo will enable fiat-to-crypto payments in May

Users of mobile payments service Venmo will soon be able to buy cryptocurrencies and send them to other Venmo users or external wallets beginning in May, according to an April 28 announcement from PayPal executive Jose Fernandez da Ponte. PayPal is the parent company of Venmo.

28.04 / 16:23

Blockchain Payments FinTech Money Transfers Pilots Crypto platform Simple.app pilots new solution for sending money to Ukraine

International money transfers have long been a challenge for anyone who needs to send money from one country to another. Traditional banking systems are slow and expensive because many banks don’t have a direct relationship with each other, so they have to charge high processing fees or use an intermediary to complete a transfer. The multi-step process can take days or even weeks to complete a transfer. This makes it increasingly difficult for people to pay for expenses abroad or send money to loved ones who may be in a time crunch.

25.04 / 10:37

Blockchain Payments Web3 shopping NEAR 500 Singapore-Based Cosmose AI Adopts Near's Crypto Solution, Company Now Valued at $500 Million

Global platform Cosmose AI has partnered with the Near Foundation, the Swiss non-profit supporting the governance and development of the NEAR protocol, announcing a strategic investment from the foundation and valuing the company at $500 million.

25.04 / 09:37

Ethereum Stablecoin Adoption Payments VISA Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product

Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments.

23.04 / 09:11

Government CBDC Adoption Payments regulation Chinese city public servants to receive digital RMB salaries from May

A notice issued by authorities governing the Chinese city of Changshu stated that all civil servants in its jurisdiction will be paid their full salaries in digital RMB or digital yuan from May 2023.

23.04 / 03:47

business Adoption Payments Asia financing China and Singapore team up to scale green and transition financing

Major Asian economies, China and Singapore, have set up a task force to deepen bilateral cooperation in green and transition finance. The move is aimed at facilitating greater public-private sector collaboration for a low-carbon future in the region.

21.04 / 20:13

Stablecoin Payments regulation coinbase us sanctions regulatory Lack of regulatory clarity on payment solutions could undermine US sanctions, says expert

According to former Department of State official Anja Manuel, if the United States isn’t able to maintain its dominance in financial innovation and payments, it could affect its national security policy, specifically on sanctions.

21.04 / 14:23

Payments Bitcoin Payments Lightning Network lightning P2P Payments Bitcoin network bitcoin lightning Bitcoin Lightning Network is 1,000x cheaper than Visa and MasterCard: Data

Fresh data from Glassnode demonstrates that Bitcoin's (BTC) Lightning Network is significantly cheaper to use than legacy payment networks.

20.04 / 13:19

Blockchain Ethereum Adoption Payments Fiat Money ethereum name service ENS domain Ethereum Name Service adds fiat payments for ENS domain registrations

Web3 users can now register decentralized .eth domains on the Ethereum Name Service (ENS) protocol using a host of fiat payment options, including Apple Pay, and Google Pay, as well as debit and credit cards,

20.04 / 12:53

business Blockchain Adoption Payments regulation Bitcoin Payments Fireblocks VP: Big names won’t go back after discovering crypto payments’ potential

Hashing It Out Episode 16 explores one of the most popular use cases for cryptocurrencies: payments. Elisha Owusu Akyaw is joined by Ran Goldi, vice president of payments at Fireblocks, to explore the rapidly evolving world of crypto and payments, the steps necessary for adoption, the role of stablecoins, and the hurdles — such as the collapse of crypto-friendly banks in the United States.

19.04 / 09:33

Technology Adoption defi Payments Bitcoin Payments Option Georgian vendors get crypto payments option with new partnership

Gate Pay, the cryptocurrency payment service offered by the crypto exchange firm Gate.io, has partnered with CityPay.io, a startup specializing in crypto payments in Georgia. The partnership will enable more than 600 merchants in Georgia to enjoy the benefits of crypto payment alternatives for their products and services.

18.04 / 04:37

business Adoption Payments transactions Lightning Network lightning Bitcoin bitcoin lightning MicroStrategy’s Saylor fuses work email address with Bitcoin Lightning

The Bitcoin (BTC) Lightning Network has integrated into the corporate email address of Michael Saylor, a Bitcoin bull and co-founder of business intelligence software firm MicroStrategy.

17.04 / 22:01

Stablecoin CBDC Adoption Payments Bank of England Bank of England preparing for greater role of tokenization in finance, official says

Bank of England deputy governor Sir Jon Cunliffe spoke at the Innovative Finance Global Summit in London on April 17 about the development of tokenization. The UK’s central bank is currently exploring tokenization in bank money, non-bank money and central bank money and the ways tokenized assets will interact.

16.04 / 08:11

Stablecoin Adoption Payments regulation bills legislation P2P Payments hearing committee Circle exec to join US Congressional committee hearing on stablecoin payments, legislation

The United States House Committee on Financial Services a.k.a the Financial Services Committee will hold a hearing on April 19 to discuss stablecoins’ position as a means of payment and whether or not the ecosystem needs supporting legislation.

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