Payments Financial News

25.10 / 00:17

business Adoption Payments Bitcoin Global Bitcoin payments market projected to reach $3.7B by 2031: Research

The global Bitcoin (BTC) payments market will reach $3.7 billion by 2031, registering a compound annual growth rate (CAGR) of 16.3% from 2022 to 2031, with private keys and hardware driving the sector expansion, forecasted Allied Market Research in a report published on Oct. 24.

24.10 / 16:15

business Stablecoin Payments partnership Checkout.com Fireblocks launches crypto payment engine with Checkout.com and Worldpay as pilot partners

Following a successful pilot phase, digital asset custody platform Fireblocks has launched its new payment engine for merchants, opening up pathways for businesses to settle and accept cryptocurrency transactions across jurisdictions.

18.10 / 05:57

business Payments Metaverse Walmart CTO says crypto will become a 'major' payments disruptor

Walmart’s global chief technology officer (CTO) Suresh Kumar has tipped cryptocurrency to become a "major" area of disruption, particularly in how customers pay for virtual and physical goods in the future.

29.09 / 05:23

Adoption Payments Banks swift Cross-Chain SWIFT partners with Chainlink for cross-chain crypto transfer project

Interbank messaging system SWIFT has partnered with price oracle provider Chainlink (LINK) to work on a proof-of-concept (POC) project which would allow traditional finance firms the ability to transact across blockchain networks.

28.09 / 22:29

CBDC Payments regulation Central Bank Israel, Norway and Sweden's central banks partner with BIS to explore CBDC

The Bank for International Settlements, or BIS, has reported it will be partnering with the central banks of Israel, Norway and Sweden to explore international retail and remittance payments use cases for central bank digital currencies, or CBDCs.

27.09 / 04:43

business Payments MasterCard partnership Bored Apes, Moonbirds to feature on NFT-customized Mastercard debit cards

Mastercard has launched customizable nonfungible token (NFT) debit cards, allowing some cardholders who own avatars from select NFT collections to add the artwork onto the payment's card.

24.09 / 00:25

business Payments NASDAQ lending Crypto Biz: DID you see what Africa is doing with Web3?

If you’ve spent any time reading about blockchain and Web3, you know that this industry is filled with big buzzwords and half-baked concepts. But, concepts such as decentralized identity services, or DIDs, bring real meaning and utility to Web3. If you haven’t yet wrapped your mind around DID, it refers to a self-owned, independent identity that enables trusted data exchange. In other words, it puts digital identity management and administration directly in your hands instead of some third party’s.

22.09 / 18:53

Payments regulation Cross-border Russian officials approve use of crypto for cross-border payments: Report

The Bank of Russia and the country’s Ministry of Finance have reportedly reached an agreement allowing cross-border settlements in cryptocurrencies.

21.09 / 01:29

Payments Citizens regulation National hearing Threat Hearing: Alternative payments’ threat to national security goes far beyond crypto

Non-crypto alternative payment systems pose a serious threat to United States security, according to testimony presented at a U.S. House Financial Services Committee Subcommittee on National Security, International Development, and Monetary Policy hearing Tuesday. The alternative payments ecosystem should be seen as a whole, and crypto can enhance national security, speakers said.

16.09 / 21:35

CBDC Payments regulation US Treasury report encourages instant payment, recommends more CBDC research

United States President Joe Biden ordered more than a dozen reports to be written when he released his Executive Order (EO) 14067 “Ensuring Responsible Development of Digital Assets.” Five had due dates wiin 90 days, and the last three were published simultaneously by the Treasury Department on Sept. 16. The reports were prepared in response to instructions in Sections 4, 5 and 7 of the EO.

01.09 / 00:19

business Payments Bitcoin Hardware wallet Trezor enables direct crypto purchases with MoonPay

Hardware walletcompany Trezor is moving to enable direct crypto purchases with a new partnership with the crypto fintech startup MoonPay.

30.08 / 10:33

cryptocurrency Adoption Payments Iran Passes Bill to Authorize Use of Crypto for Imports

18.08 / 09:31

business Payments Bitcoin Payments Aussies buy fuel and chips with crypto across 175 fuel outlets

Convenience store and petrol station brand On The Run (OTR) has launched crypto payment support across all 175 of its petrol stations and convenience stores across Victoria, South Australia (SA), and Western Australia (WA) as of Thursday.

08.08 / 08:37

Blockchain Ethereum Payments layer2 Vitalik: Layer-2 scaling will make crypto payments 'make sense' again — KBW 2022

Ethereum co-founder Vitalik Buterin has argued that crypto payments will once again “make sense” as transaction costs will soon fall to fractions of a cent due to layer-2 rollups.

03.08 / 03:57

business Adoption Payments Fashion Gucci becomes first major brand to accept ApeCoin payments

Italian high-end fashion giant Gucci has become the first major brand to accept payments in the Bored Ape Yacht Club affiliated ApeCoin (APE).

27.07 / 18:53

business Blockchain Adoption Payments Checkout.com Education in crypto payments will spark mass adoption, says Checkout.com exec

While many businesses have expressed interest in integrating crypto payments, there are still challenges in terms of understanding the space, said Jess Houlgrave, the head of crypto strategy at Checkout.com.

25.07 / 12:51

business Blockchain Payments Future The best bear market plan? 'Relentless optimism for the future,' says fintech CEO

While many crypto veterans give out a wide range of bear market advice and strategies, some opt for a more straightforward approach—optimism. Being resilient and positive during this time is very important, according to Jeremy Almond, the CEO of Paystand, a B2B payments fintech.

22.07 / 08:09

Adoption Payments Latin America Workers in volatile economies most likely to take pay in crypto: Report

Residents in nations with volatile economies are more likely to receive their pay in crypto, according to global hiring platform Deel.

15.07 / 17:03

business Stablecoin Payments Altcoin Crypto payments gain ground thanks to centralized payment processors

The cryptocurrency market has grown beyond many people’s expectations over the past decade. The nascent industry has managed to change mainstream perception quite significantly, especially in 2021, which saw many traditional financial institutions adopt crypto in one form or another.

09.07 / 20:03

business Payments Funding Venture Capital VC Roundup: ‘Web5,’ Metaverse sports and Bitcoin monetization startups generate buzz

A lot has happened in the Bitcoin (BTC) and cryptocurrency markets since our last edition of VC Roundup. The monumental collapse of the Terra ecosystem spilled over into other segments of the digital asset market, exposing over-leveraged traders, lending platforms and venture capital funds. In the process, Bitcoin’s price plumbed new lows, falling below the previous cycle’s peak for the first time in its history.

06.07 / 02:15

Payments regulation UK government High-ranking crime fighter to join UK’s FCA as payments and digital assets director

UK regulator the Financial Conduct Authority (FCA) has recruited almost 500 additional staff members this year as part of its new three-year strategy. Among the new hires are six directors, whose appointments were announced July 5. Two of them come from backgrounds in policing.

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