Payments Financial News

13.04 / 21:17

Law Payments regulation crimes bob Lee San Francisco authorities make arrest in stabbing of Cash App creator Bob Lee

The San Francisco Police Department has arrested a tech executive named Nima Momeni in connection with the April 4 stabbing of Cash App creator Bob Lee.

11.04 / 04:27

CBDC Payments regulation us government Federal Reserve Presidential hopefuls RFK Jr. and DeSantis rally against FedNow

Presidential hopefuls Robert F. Kennedy Jr. (RFK Jr.) and Ron DeSantis are rallying against the Federal Reserve’s FedNow payments system claiming it would pave the way for a Central Bank Digital Currency (CBDC).

04.04 / 20:45

business Blockchain Payments Research remittances Crypto could eliminate 97% of traditional remittance fees: Coinbase

A recent blog post from cryptocurrency exchange Coinbase indicates the vast majority of U.S. remittance fees for international transfers wouldn’t apply to similar transactions conducted using cryptocurrency.

03.04 / 11:59

business Twitter Adoption Payments Social Media Who paid for Twitter Blue verification? Here's how to find out

With Twitter allowing users to verify their accounts for a monthly fee, the number of accounts with a blue checkmark — previously associated with prominent figures — has flooded the social media platform. A browser extension available for Chrome, Firefox and Safari plans to bring back the balance by revealing the accounts that have paid $8 for subscribing to Twitter Blue.

31.03 / 10:41

business Binance Payments regulation Fiat Money Binance USD Withdrawals BUSD deposits and withdrawals via OCBS suspended on Binance.US

Amid the ongoing uncertainty around the global banking turmoil, Binance’s United States-based arm Binance.US is halting some services.

29.03 / 17:05

Blockchain Payments e-commerce Bitcoin This platform opens up an innovative solution for crypto micropayments and e-commerce

The Bitcoin (BTC) white paper published over a decade ago described a decentralized, peer-to-peer (P2P) electronic cash system, suggesting that the cryptocurrency was designed as a means of exchange. However, it has gradually deviated from that status due to its high volatility, scalability issues and transaction fees that made micropayments unfeasible.

23.03 / 20:29

business Payments stocks applications reports Hindenburg Research reports Block short position, claiming fraud facilitation and inflated metrics

A report following a two-year investigation from Hindenburg Research claimed digital payments company Block had “systematically taken advantage of the demographics it claims to be helping,” alleging the firm inflated its user metrics and facilitated fraud.

21.03 / 00:03

business Payments coinbase Banks Signature Bank Support Coinbase pauses support for Signature Bank's Signet: Report

More than a week after New York regulators closed the crypto-friendly Signature Bank, Coinbase has reportedly stopped support for the institution’s Signet payment platform.

20.03 / 11:01

business Payments regulation Banks Loans Australian Australian Banking Association’s cost of living inquiry reveals bank pressure

The trade association for the Australian banking industry — Australian Banking Association (ABA) — launched a cost of living inquiry to closely study the impact of the COVID-19 pandemic, global supply chain constraints and geopolitical tensions, among others, on Australians.

16.03 / 06:27

CBDC Payments regulation Banks Federal Reserve banking Reserve Federal Reserve confirms July launch for FedNow instant payment service

The United States Federal Reserve has confirmed a July launch date for its long-awaited instant payments system, seen by some as an alternative to central bank digital currencies (CBDCs) and stablecoins.

15.03 / 17:59

Blockchain Payments regulation sanctions swift settlement Blockchain is the answer to Russia’s settlement issues, banking exec says

The adoption of blockchain is the right direction for Russia to solve its current settlement issues, according to an executive at Russia’s largest bank, Sberbank.

14.03 / 18:23

Blockchain Payments Federal Reserve Tassat blockchain to join FedNow service with B2B onramp as pilot prepares for launch

Blockchain operator Tassat announced March 14 that it will provide access to the United States Federal Reserve’s FedNow payment system. FedNow, which will launch as a pilot project later this year, will provide real-time, round-the-clock payment service.

09.03 / 16:43

Payments regulation Banks Bitcoin Ukraine’s central bank sees both promises and threats in Bitcoin

The National Bank of Ukraine (NBU) has expressed a mixed stance on cryptocurrencies like Bitcoin (BTC) after a year of war in the country.

03.03 / 14:23

Payments regulation HSBC banking UK Regulator Warnings Prompt HSBC and Nationwide Banks to Limit Crypto Transactions

HSBC Holdings Plc and Nationwide Building Society imposed limits on retail customers' access to cryptoassets in another episode of UK banks reacting to the recent crypto industry legal and regulatory issues.

03.03 / 13:23

Adoption Ripple Payments Bitcoin Power Ripple survey: 97% of payment firms believe in the power of crypto

The global payments industry is bullish on the potential of cryptocurrencies and blockchain to enable faster and cheaper transactions, according to a new survey co-hosted by Ripple.

27.02 / 12:23

business Payments regulation Crypto gateway Alchemy Pay scores license in Indonesia

Alchemy Pay has obtained a license from the central bank of Indonesia to operate remittances and fund transfers in cooperation with the local fintech Berkah Digital Pembayaran.

20.02 / 13:09

Blockchain Adoption Payments Crypto Companies Here's why crypto companies need to focus on embedded finance

A new study by DECTA highlighted the importance of embedded finance features in today's fintech world. With online shopping and digital payments becoming a norm, the study pointed towards some of the key drivers for a seamless experience for customers.

20.02 / 05:25

business Adoption Payments VISA MasterCard Lightning Network Bitcoin bitcoin market cap Time Bitcoin market cap 'flips' payments giant Visa for the 3rd time

A 48% Bitcoin (BTC) price surge since the start of the year has pushed BTC's market cap past that of payment processing giant Visa once again.

15.02 / 21:03

Payments Bitcoin Payments YouTube Bitcoin Paying the way for Bitcoin adoption in El Salvador: Video

The Bitcoin (BTC) white paper title describes Bitcoin as a “peer-to-peer electronic cash system.” So how is Bitcoin being used as a means of exchange, or electronic cash, in the first country to adopt Bitcoin?

10.02 / 17:19

Adoption Payments Investments PayPal Bitcoin end PayPal held $604M in Bitcoin and other crypto by the end of 2022

Global payment giant PayPal holds a significant part of its financial liabilities in cryptocurrencies like Bitcoin (BTC) offered to its customers.

09.02 / 07:57

business Adoption Payments NASDAQ Federal Reserve Bitcoin Payments provider Affirm to sunset crypto program after 19% staff cut

Max Levchin, the CEO of buy-now-pay-later company Affirm, has confirmed that they will be shutting down their “Affirm Crypto Program” amid dampening consumer spending and a changing macroeconomic environment.

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