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India amasses 5M central bank digital currency users
26.8.2024
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions
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...
Nigerian Central Bank Affiliate Partners With Blockchain Startup Zone to Boost Payments
24.8.2024
The Nigeria Inter-Bank Settlement System (NIBSS) has partnered with Zone, a decentralized payment infrastructure company, to improve its payment services. NIBSS will use Zone’s blockchain technology to streamline its Payment Terminal Service Aggregation (PTSA) operations. Both NIBSS and Zone...
Tim Draper Leads $2.5 Million Funding Round for Ark Labs to Advance Bitcoin Payment Solutions
23.8.2024
Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance their user-friendly, non-custodial payment system, making bitcoin more accessible for global commerce. Ark Labs...
Skyfire launches blockchain payment network that lets AI spend your money
21.8.2024
The company is currently focused on B2B, but there are countless potential applications for consumers
Skyfire launches blockchain payment network that lets AI spend your money
21.8.2024
The company is currently focused on B2B, but there are countless potential applications for consumers
Cambodia’s Bakong Tourists app boosts regional payment options
20.8.2024
The Cambodian central bank’s Soramitsu-backed digital payment system is continuing to expand
Celsius Files Plan for Creditor Payment via Hyperwallet
19.8.2024
Celsius Network has disclosed that it intends to pay creditors through PayPal’s Hyperwallet. The move comes after the…
Dubai court recognizes crypto as valid salary payment: Law Decoded
19.8.2024
Dubai's latest ruling marks a significant shift in the legal acceptance of cryptocurrencies, aligning the UAE with global trends in digital finance
BRICS Plan New Payment System; Is Ripple Adoption Incoming?
17.8.2024
Amid rising economic uncertainties and shifting international trade dynamics, the BRICS alliance is stirring up quite a buzz…
Dubai Court Recognizes Cryptocurrency for Salary Payments
17.8.2024
In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital currencies. The 2024 ruling, case number 1739 of 2024...
EU Merchants Accept Ripple Payments; Buy Gold & More With XRP
17.8.2024
It feels like we just pulled a shiny rabbit out of the hat; various merchants in Europe accept…
Dubai court recognizes crypto as a valid salary payment
16.8.2024
UAE lawyer Irina Heaver said the ruling shows the growing acceptance of crypto in employment contracts, recognizing the evolving nature of Web3 financial transactions
US crypto firm BitGo wins payment license in Singapore
8.8.2024
Before receiving the license, BitGo served users in Singapore and APAC, but the offering included only custody services from the US South Dakota Trust and hot wallets
US crypto firm BitGo wins payment license in Singapore
8.8.2024
Before receiving the license, BitGo served users in Singapore and APAC, but the offering included only custody services from the US South Dakota Trust and hot wallets
Bitgo Secures Major Payment Institution License in Singapore
8.8.2024
Bitgo, a provider of digital asset solutions, has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This follows an in-principle approval received several months ago. With this license, Bitgo can now offer regulated digital payment token services...
BRICS Advances Toward Independent Digital Payment Platform, Russian Official Says
4.8.2024
The BRICS economic bloc is progressing towards a digital payment platform, Russia’s Federation Council Speaker Valentina Matviyenko has revealed. The initiative, named BRICS Bridge, aims to establish an independent financial system. This system could mitigate dependency on Western...
Bybit introduces Indian digital rupee CBDC payment option
31.7.2024
The use of the CBDC on the cryptocurrency exchange will enhance security and, it hopes, attract merchants
Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops
31.7.2024
The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers...
Russia Legalizes Use of Bitcoin for Cross-Border Payment
30.7.2024
Russia has been a paragon of adopting crypto following the sanctions it faced during the war with Ukraine. The country has been witnessing increased use of digital assets not only among its citizens but also at the government level. In line with this, the Russian State Duma Committee on Financial...