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Bybit Launches Digital Rupee for Secure INR Payments
30.7.2024
The crypto exchange Bybit has introduced a digital rupee (eRupee) as a new payment method for Indian rupee transactions. The launch aims to provide a secure alternative for INR users on its platform. Bybit Aims to Enhance INR Payments With Launch of Digital Rupee Bybit, a digital currency trading...
Digital euro to be ‘most private electronic payment option’
30.7.2024
Since the inception of the digital euro, many critics have called the proposed digital currency a surveillance tool
BRICS Considers Iran’s Proposal to Link Payment Systems of All Member Countries, Says Russian Official
27.7.2024
The BRICS economic bloc is considering Iran’s proposal to link all member nations’ payment systems, according to Russian Deputy Foreign Minister Andrey Rudenko. The proposal aims to enhance BRICS countries’ financial sovereignty by establishing a resilient and sanctions-resistant...
Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
25.7.2024
The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof...
Ferrari Launching Crypto Payment System for European Market
25.7.2024
Ferrari, the iconic Italian luxury sports car manufacturer, announced on Wednesday that it will introduce its cryptocurrency payment system to European dealers by the end of July 2024. This move follows the successful launch of crypto payments in the U.S. less than a year ago, aimed at better...
Hex Trust gets initial nod for payment institution license in Singapore
24.7.2024
Hex Trust previously obtained a license for custody services in Singapore, but a recent legislative amendment placed these firms under a new licensing scope
Hex Trust gets initial nod for payment institution license in Singapore
24.7.2024
Hex Trust previously obtained a license for custody services in Singapore, but a recent legislative amendment placed these firms under a new licensing scope
Hex Trust Receives In-Principle Approval from Singapore's MAS For Major Payment Institution License
24.7.2024
The Major Payment Institution license would allow for the company to offer regulated Digital Payment Token services, such as custody
India Favors BRICS Payment System, Says Institute Director
23.7.2024
India supports the idea of an independent BRICS payments system but stresses the importance of a cautious and systematic approach. According to Ash Narain Roy, Director of India’s Institute of Social Sciences, thorough discussions among all parties are essential before making any decisions....
Payment platform Mercuryo integrates crypto on-ramp with Indonesian banks
22.7.2024
Mercuryo integrates crypto on-ramp solutions in Indonesia, enabling users to convert their Indonesian Rupiah into 40 digital tokens, including BTC, ETH, and USDT
Are crypto cards still a thing in 2024? Industry weighs in
16.7.2024
Self-custody and Lightning Network integrations are anticipated to drive the next milestone in the development of crypto cards
Russian Senate Leader Predicts Use of CBDCs in BRICS Payment System
14.7.2024
Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade. Matvienko stated that a hypothetical BRICS bridge, a joint payment system, would leverage...
German Government Now Holds Less Than 10K BTC, Iran Proposes to Link All BRICS Payment Systems, and More — Week in Review
14.7.2024
Iran’s Foreign Affairs Ministry has proposed linking BRICS countries’ payment systems for seamless national currency transactions. Meanwhile, Germany’s government reduced its Bitcoin holdings by over 3,000 BTC, now holding under 10,000. AI chatbots predict Bitcoin’s...
Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B
12.7.2024
Crypto payment service Payeer hit with record $10M fine in Lithuania
10.7.2024
Payeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks
Iran Proposes to Link All BRICS Payment Systems
9.7.2024
The spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran Nasser Kanani has proposed to link the payment systems of all the countries of the BRICS bloc, allowing for seamless settlements between these. Kanani stated that the conditions have been created for this...
Tezos Foundation Teams Up With Baanx for Non-Custodial Crypto Card
9.7.2024
Baanx has been working with Mastercard to deliver a range of non-custodial crypto card offerings
Tangem Partners With Visa to Launch Self-Custodial Crypto Payment Card
6.7.2024
Hardware wallet firm Tangem AG is collaborating with Visa to launch a self-custodial payment solution. This collaboration introduces a Visa payment card integrated with a hardware wallet, allowing Tangem users to make payments using their crypto or stablecoin balances at any Visa-accepting merchant...
Canadian crypto adoption struggles as cash remains king
3.7.2024
For two years in a row, Canadians have shown a strong preference for cash and card payments for day-to-day purchases
Paxos Gains Full Approval From Singapore’s Monetary Authority for Digital Token Services
2.7.2024
Paxos has secured full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, positioning Singapore as a key player in Paxos’s global stablecoin operations. The approval permits the issuance of stablecoins compliant with MAS’s forthcoming regulatory...