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Visa Taps Solana and USDC Stablecoin to Boost Cross-Border Payments
5.9.2023
The company said it is one of the first major payment institutions to use directly the Solana network for settlements
Visa Expands Stablecoin Settlement to Solana and Merchant Acquirers
5.9.2023
Visa is taking a step in advancing digital currency adoption by expanding its stablecoin settlement capabilities to the Solana blockchain network. The payments giant also announced new pilot programs with merchant acquirers Worldpay and Nuvei to explore streamlining settlement in the Circle-issued...
Visa taps into Solana to widen USDC payment capability
5.9.2023
The global payments firm has expanded its stablecoin settlement capability to include USDC tokens issued on the Solana blockchain
Making real-world blockchain solutions possible — Solana co-founder Raj Gokal
5.9.2023
Web3 has had its ups and downs over the last few years, but does it have any real-world use cases?
Mobile payments and crypto: A synergistic future
5.9.2023
Mobile payments have been transforming the way businesses get paid or make payments. They offer efficiency, security, convenience, and added opportunities for value creation and innovation. The emergence of blockchain and cryptocurrencies as alternative payment systems has enhanced mobile payments...
RBI Governor Touts CBDC as Solution to 'High Cost, Low Speed' Cross-Border Payments
5.9.2023
Reserve Bank of India’s (RBI) Governor Shaktikanta Das has touted Central Bank Digital Currencies (CBDCs) as a solution to 'high cost, low speed' cross-border payments.
In a recent keynote address at the G20 TechSprint Finale 2023 in Mumbai, RBI Governor emphasized the potential of CBDCs...
Indian central bank-backed NPCI begins blockchain recruitment
4.9.2023
Singapore, Malaysia, UAE, France, BENELUX countries, Nepal and the UK have adopted the NPCI's UPI payments system in varying degrees
Colorado DMV Accepts Crypto Payments Through Paypal
2.9.2023
The Colorado Department of Motor Vehicles (DMV) has announced it accepts cryptocurrency for its online services via the payment processor Paypal. Besides paying local taxes with coins, residents of the crypto-friendly state will be able to use their digital cash to renew driver’s licenses...
Circle Partners With Mercado Pago to Offer USDC to Chilean Customers
1.9.2023
Circle, a financial services company, has announced a new partnership with Mercado Pago, Mercado Libre’s digital payments wallet, to bring the USDC stablecoin to its Chilean customers. The partnership will allow millions of users in Chile to access USDC via Mercado Pago’s services...
Nexo Mastercard Adds Credit and Debit Toggle to Optimize Crypto Usage
1.9.2023
Nexo has introduced a new “Dual Mode” feature on its cryptocurrency Mastercard, allowing users to switch between debit and credit functions to optimize cryptocurrency spending. Nexo Unveils Dual Mode Card Capabilities to Streamline Crypto Payments Nexo‘s new feature enables...
Elon Musk's X Has Licenses in Multiple U.S. States to Process Payments, Including Crypto
31.8.2023
Elon Musk's social media platform X, formerly Twitter, has obtained money or currency transmitter licenses in seven U.S. states
Elon Musk's X Social Media Platform Acquires Crypto Payments License
30.8.2023
The social media platform X, formerly known as Twitter, has acquired a regulatory license that enables it to process cryptocurrency payments in the US.
The specific license is the Rhode Island Currency Transmitter License, issued to X on August 28, according to publicly available data from...
Transport Operators in Jamaica Interested in Adopting CBDC Payments
30.8.2023
Transport operators in Jamaica have expressed interest in using the country's central bank digital currency (CBDC) for payments.
Aldo Antonio, co-founder and acting executive chairman of the National Transporters Alliance Group (NTAG), has been actively promoting the adoption of Jam-Dex within...
Binance launches crypto-to-bank account payment product in Latin America
30.8.2023
Binance's Send Cash product will facilitate crypto payments from nine countries to bank accounts based in Argentina and Colombia
Elon Musk’s X moves closer to crypto payments with new state license
30.8.2023
Regulators from Rhode Island have approved X’s application for a currency transmitter license
Binance excludes Banco de Venezuela from P2P payments
29.8.2023
Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009
Vietnam, the Philippines, and Brunei to Join ASEAN QR Payment System to Reduce Dependence on US Dollar
29.8.2023
Vietnam, the Philippines, and Brunei will join a QR payment system to settle cross-border payments using local currencies within the Association of Southeast Asian Nations (ASEAN) bloc. The network, already being used between Indonesia and Malaysia, aims to interconnect all ASEAN nations to reduce...
Lawmakers Object to Federal Reserve’s Stablecoin Guidelines — Say They Undermine Legislative Progress
29.8.2023
Several U.S. lawmakers have objected to the Federal Reserve’s stablecoin regulatory guidelines, which they believe “will undoubtedly deter financial institutions from participating in the digital asset ecosystem.” According to the lawmakers, “The Fed has chosen to effectively...
OKX and ByBit remove sanctioned Russian banks from payments list
28.8.2023
Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on ByBit and OKX
Binance Removes Sanctioned Russian Banks From P2P Platform
28.8.2023
Crypto exchange Binance has dropped Russian banks under sanctions from the payment options on its peer-to-peer (P2P) platform. Russian traders can no longer use cards issued by these banks to make payments while transactions in foreign fiat currencies are also restricted for them. Binance No Longer...