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Nalezeno "LN Payments": 5314

IMF Official Presents Blueprint for Cross-Border CBDCs

19.6.2023
The international organization wants to help cut the cost of cross-border transactions, without abandoning compliance checks or capital controls

Crypto Payments Firm Wyre Shuts Down — Users Told to Remove Assets From Platform

18.6.2023
Wyre, the San Francisco-based crypto payments firm, has said it is winding down operations “in order to protect the best interests” of its users and stakeholders. The firm urged users with assets on its platform “to continue to withdraw them via Wyre’s dashboard until Friday, July...

Russia to Trial Digital Asset Settlements in Foreign Trade

17.6.2023
Bank of Russia plans to pilot cross-border payments using digital assets and central bank digital currencies, according to a deputy governor. The top executive believes these alternative instruments could increase efficiency in foreign trade while such settlements will not be permitted inside...

Crypto payments platform Wyre shutters citing bear market conditions

17.6.2023
Wyre has begun the process of winding down and noted that interested parties can now start inquiring about purchasing the firm’s assets

Bitcoin in Cuba: Why some Cubans are adopting BTC to escape ‘The Matrix’

16.6.2023
Private businesses in Cuba could be poised to benefit from the cryptocurrency revolution in one of the world’s harshest business environments

Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments

16.6.2023
An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown

Egypt Applies for BRICS Membership, Seeks Trade in National Currencies

16.6.2023
Egypt has filed an application to join the BRICS bloc, Russia’s ambassador to the Arab nation confirmed. The government in Cairo is interested in using alternative currencies in foreign trade, either national fiats or a new common currency, the diplomat unveiled. Egypt Takes Step to Join BRICS...

Bitcoin-Based Strike Debuts Lightning Network Cross-Border Payments in Mexico – Crypto Adoption on the Rise

15.6.2023
Bitcoin payments firm Strike has extended the reach of its cross-border payments service to Mexico, as the company aims to leverage the country’s expansive remittances market. As of June 14, 2023, the company has introduced its 'Send Globally' service to the third largest country in Latin America....

Hong Kong Put Pressure on Three Major Banks to Take on Crypto Exchanges as Clients: Report

15.6.2023
The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients

Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection

15.6.2023
Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals that Banq listed approximately $17.725 million...

Strike Expands Lightning-Powered Cross-Border Payments to Mexico

14.6.2023
The company says Mexico is the largest market for remittances from the U.S

Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal

14.6.2023
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress Group

Novatti launches AUDD on XRPL for global payments

13.6.2023
The adoption of stablecoins has been steadily increasing in recent years. According to The Block Research’s 2023 Digital Asset Outlook report, stablecoins have gained product-market fit and institutional adoption, with their overall usage reaching new records in 2022. The annual adjusted...

Iran and Russia Talk Crypto Cooperation, Unveil Tool Streamlining Trade in National Currencies

12.6.2023
Experts and business representatives from Iran and Russia have discussed the potential uses of cryptocurrencies and blockchain. The two countries are also collaborating on implementing new financial instruments facilitating bilateral trade in their national fiats. Financial Expo Brings Together...

Economist Jim Rickards Predicts Unveiling of New BRICS Currency — Says ‘the World Is Unprepared for This Geopolitical Shock Wave’

11.6.2023
Jim Rickards, an economist and the author of “Currency Wars,” has predicted the unveiling of a new BRICS currency, stating that it “could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency.” Emphasizing that...

Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services

9.6.2023
The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers

Biggest Bank in Australia to Limit Transfers to Crypto Exchanges

9.6.2023
Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit funds for cryptocurrency operations. Crypto Traders...