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Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025
16.9.2024
The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller institutions following later. The initiative seeks...
China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation
24.8.2024
China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also...
Payment infrastructure is the key to bringing retail users to crypto
30.6.2024
Crypto enthusiasts have been wondering why no one seems to be buying their coins this cycle. If people could use crypto for something, maybe that would change
RBI may integrate CBDCs with digital payment infrastructure
19.2.2024
Dilip Asbe, the Managing Director of the National Payments Corporation of India (NPCI), has hinted that the Reserve Bank of India, the RBI, is considering integrating CBDCs with digital payment infrastructure. This includes the likes of UPI to boost its adoption. Dilip said that the efforts...
Transak Partners With Visa for Rapid Crypto to Fiat Conversion in 145 Nations
30.1.2024
On Tuesday, Transak, a company specializing in payment infrastructure, revealed its partnership with the financial services powerhouse Visa. This collaboration aims to empower users in 145 nations with the capability to seamlessly exchange their crypto holdings into local fiat currencies...
China, Russia Urged to Speed Up Creation of ‘Cutting Edge’ Payment Infrastructure for BRICS and SCO Currencies
24.5.2023
The chairman of Russia’s national economic development institution VEB.RF has urged China and Russia to speed up the establishment of a new, “cutting-edge” payment system for currencies of Shanghai Cooperation Organization (SCO) and BRICS nations. “Our relations with China keep getting...
Crypto Payment Infrastructure Firm Opennode to Test Bitcoin Payments in Bahrain
18.9.2022
Opennode, a bitcoin payment infrastructure firm, recently said it will run trials of its bitcoin processing and payout solution through the Central Bank of Bahrain’s regulatory sandbox. According to Dalal Buhejji, an executive director with the Bahrain Economic Development Board, the central...
OpenNode sets up BTC payment infrastructure in Bank of Bahrain regulatory sandbox
13.9.2022
The kingdom in the Persian Gulf is taking its latest step in transforming its economy away from oil with the Bitcoin and Lightning Network infrastructure provider’s trial
Native Payment Infrastructure, Airswift, Raises $2M in Pre-Seed Funding Led by CE Innovation Capital
8.8.2022
PRESS RELEASE. Vancouver, August 8, 2022 – Airswift, a fintech startup pioneering Web 3.0 native payment solutions, announced that it raised $2 million USD in a pre-seed funding round led by CE Innovation Capital (CEiC). The latest funding comes amid a bear market sentiment and uncertainty around...
NFT Marketplace Opensea to Add Credit Card, Apple Pay Support via Moonpay
1.4.2022
According to the firm Moonpay, the non-fungible token (NFT) marketplace Opensea plans to accept credit card payments using the company’s payment infrastructure. The move follows Opensea gathering $23.5 billion in all-time sales volume, and the company’s recent Solana support...
Web3 platform integrates social commerce app into Circle's payment infrastructure
9.3.2022
The platform was founded in 2018 by musical icon John Legend, alongside a number of Silicon Valley technology entrepreneurs
Fiat-to-Crypto Payment Firm Wyre Reveals All-in-One NFT Marketplace Service
3.11.2021
On Tuesday, the San Francisco-based fiat-to-crypto and payment infrastructure company, Wyre, announced the launch of a non-fungible token (NFT) market tool that gives developers the ability to create NFT marketplaces in less than 24 hours. Wyre Claims Devs Can Build an NFT Marketplace in 24 Hours...
Diem gets closer to launch as Fireblocks and First introduce new payment infrastructure
16.2.2021
Fireblocks and First Digital Asset Group have developed a seamless connection to Diem, allowing financial institutions to access the emerging payment network. The platform is still awaiting regulatory approval before it can launch
Crypto Payments Startup Eligma Raises €4 Million From Bitcoin.com and Pangea Blockchain Fund
3.9.2019
Many retail stores would like to welcome the added business that the crypto community brings, but find that they don’t have the capability to do so within their existing payment infrastructure. One company bridging this gap is Slovenian startup Eligma which is now set to start global...