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BRICS Payment System a SWIFT Substitute? Network to Implement Digital Assets and Financial Messages
26.10.2024
The Russian Finance Minister offered insight into the inner workings of the new BRICS payment system at the recent summit held in Kazan. Anton Siluanov stated that the modern system will take digital financial assets into account and will be able to deliver financial messages. BRICS Proposed...
BRICS Backs Russia’s Push for New Global Payment System to Counter Western Control
26.10.2024
Russia’s push for a BRICS payment system is gaining traction, with partners endorsing the plan to counter an “outdated, expensive, and ineffective” global framework. BRICS Partners Support Russia’s Plan for a New Payment System Russian Deputy Finance Minister Ivan Chebeskov announced that...
Iran Warns BRICS of ‘Big Threat’ From Western Payment Systems, Vows to End Dependence
24.10.2024
Iran has called for BRICS nations to reduce their reliance on Western financial systems, warning of the risks posed by such dependence. Addressing the BRICS summit in Russia, Iran’s president urged the bloc to explore alternative structures and strengthen institutions like the New Development Bank...
BRICS Nations in ‘Intense Discussions’ to Develop Common Payment System
23.10.2024
BRICS nations are actively discussing the development of a common payment system and the use of national currencies for trade, with Indian Foreign Secretary Vikram Misri confirming that intense talks have been underway. Studies and research have been commissioned. Experts have emphasized that...
Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge: Report
21.10.2024
Bridge, which has raised $54 million in funding, previously said it aspired to become the blockchain version of Stripe, operating a global system in which other developers could integrate
Stripe acquires stablecoin platform Bridge for $1.1B: Techcrunch founder
21.10.2024
The deal marks one of crypto’s largest acquisitions, allowing more businesses to deal in stablecoins.
Russia Vows to Launch Domestic Payment System to Render Western Sanctions Obsolete
21.10.2024
Russia is determined to create a domestic payment system to conduct trade and international transactions free from current disruptions. Mikhail Mishustin, Prime Minister of Russia, stated that this will be a joint effort by many institutions to achieve a principles-based system instead of...
DBS rolls out blockchain-based banking for institutions
18.10.2024
DBS Bank has launched its “DBS Token Services” for real-time blockchain payment settlements, using smart contracts for enhanced security and transparency
DBS rolls out blockchain-based banking for institutions
18.10.2024
DBS Bank has launched its “DBS Token Services” for real-time blockchain payment settlements, using smart contracts for enhanced security and transparency
Behind Alchemy Pay and Yellow Card’s Bold Plan for African Crypto Adoption
18.10.2024
Alchemy Pay and Yellow Card have teamed up to make cryptocurrency more accessible in Africa. Alchemy Pay’s on-ramp product will utilize Yellow Card’s payment infrastructure in 20 African countries, allowing users to purchase crypto with their local fiat currencies. This partnership aims...
20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme
18.10.2024
A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency exchanges, transferring over $240,000 to crypto addresses....
Paypal Expands Crypto Reach: 60 Million Venmo Users Now Linked to Moonpay
18.10.2024
Venmo’s 60 million users can now fund transactions on the Moonpay platform, thanks to a new integration announced by Paypal. U.S. users can use Venmo balances, linked bank accounts, or cards to buy and sell cryptocurrencies through Moonpay, expanding payment flexibility. However, this option...
Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade
17.10.2024
Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum ahead of the BRICS summit in Kazan. Brazil aims...
Paxos debuts new stablecoin payment platform with Stripe
15.10.2024
Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said
Ripple Labs Partners with Amazon for XRP Payment Integration
15.10.2024
In a groundbreaking development, Amazon has officially confirmed a wide-scale partnership with Ripple Labs, enabaling XRP, Ripple’s digital…
Sen. Hagerty introduces Clarity for Payment Stablecoins Act of 2024
11.10.2024
The new bill is a refinement of Rep. Patrick McHenry’s 2023 bill, which has bipartisan support
Cardano hosts first smart contract legally enforceable in Argentina
10.10.2024
Cardano is host to the first smart contract where Argentina’s courts have jurisdiction after the country legalized crypto as a payment method in commercial contracts last December
Cardano hosts first smart contract legally enforceable in Argentina
10.10.2024
Cardano is host to the first smart contract over which Argentina’s courts have jurisdiction after the country legalized crypto for payments in commercial contracts last December
Brazil to review Elon Musk’s X ban after $5M fine payment
8.10.2024
Social media platform X could soon be restored in Brazil after paying fines, appointing a new legal representative and blocking certain user accounts at the court’s request
Brazil to review Elon Musk’s X ban after $5M fine payment
8.10.2024
Social media platform X could soon be restored in Brazil after paying fines, appointing a new legal representative and blocking certain user accounts at the court’s request