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China Wants the Digital Yuan to Be Ubiquitous in Retail Payments Arena

6.9.2023
China is pushing for universal national adoption of the digital yuan, with People’s Bank of China’s (PBOC) officials stating the currency should be available for all retail payment scenarios. The recent introduction of a standard for QR-based payment codes is part of this move, which...

Digital Yuan Will Revolutionize Chinese Retail Payments – Central Bank Exec

6.9.2023
A Chinese central bank chief has claimed the digital yuan will revolutionize the way the nation makes retail payments, and suggested the CBDC could one day “completely replace” cash. Per Yicai, Mu Changchun, Head of the Digital Currency Research Institute at the People’s Bank of China (PBoC), made...

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...

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...

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 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...

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