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Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report
30.8.2024
Bridge, founded by Square and Coinbase alumni, recently raised $40 million in a round led by Sequoia and Ribbit
Russia Is About to Try Using Crypto to Get Around Sanctions
30.8.2024
Russia will begin trialing cross-border crypto payments next week to try to circumvent international sanctions – but this effort may not work, several policy and legal experts told CoinDesk
JPMorgan Executive Sees Big Future for India’s CBDC Initiative
30.8.2024
Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank digital currency (CBDC), the e-rupee. He noted that CBDCs represent a significant...
India’s Central Bank Governor Discusses CBDC Progress and International Strategy
30.8.2024
The Reserve Bank of India (RBI) is actively exploring the potential of central bank digital currency (CBDC) on an international scale, according to Governor Shaktikanta Das at the Global Fintech Fest. The RBI is focusing on enhancing CBDC’s interoperability with existing retail payment...
Analyst: US Fed to Partner With Ripple for Payments to India
29.8.2024
Ripple has been at war with the United States SEC, but it could be the solution that the…
India mulls cross-border CBDC interoperability system
28.8.2024
RBI Governor Shaktikanta Das advocates a plug-and-play system to enhance cross-border payment efficiency and CBDC interoperability
Coinbase CEO Brian Armstrong Predicts Payments Will Be Crypto’s Next Big Boom
28.8.2024
Coinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead, Armstrong remains optimistic about the future of crypto...
Bank of Russia Eyes Stablecoins for Cross-Border Transactions
27.8.2024
The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative may involve a limited group of qualified investors and would require testing...
Russia Set to Launch Crypto Payment Trials Next Week, Report
27.8.2024
Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment Card System and could lead to the establishment of crypto trading platforms...
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...
Yellow Card, Fireblocks Partner to Streamline African Cross-Border Payments
23.8.2024
Yellow Card, a leading stablecoin platform, has partnered with Fireblocks, a digital asset infrastructure provider, to improve cross-border transactions in Africa. By leveraging Fireblocks’ technology, Yellow Card aims to provide secure and efficient on-chain solutions for businesses...
Taiwan Court Convicts 8 in Espionage Case Involving Crypto Payments
23.8.2024
Taiwan’s high court on Thursday convicted eight people, including military personnel, of espionage for China, with payments allegedly made in cryptocurrency, the Central News Agency reported. The sentences range from 1.5 to 13 years in prison, while one individual was acquitted, and another remains...
RBI Report Highlights India’s Central Bank Digital Currency Development
21.8.2024
India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments...
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
How Will Hamster Kombat and Crypto.com Enhance Payments?
20.8.2024
Hamster Kombat and Crypto.com have recently released a new metal card that improves payment options and convenience. This…
The 3rd Financial Innovation Forum – Payments & RegTech
20.8.2024
The 3rd Financial Innovation Forum – Payments & Regtech is a premier gathering that brings over 50 industry…
Mastercard and Scale Partner to Accelerate Fintech Deployment in Africa
18.8.2024
Mastercard, the American multinational financial giant, recently revealed it has partnered with the fintech firm Scale to accelerate the deployment of fintech firms in Africa and the Middle East. Amnah Ajmal praised the partnership with Scale, saying it moves her organization closer to its goal...
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…
Digital Payments Platform Flexa Launches Crypto Point-of-Sale Tool
16.8.2024
Flexa Components will allow retailers to accept crypto payments like USDC at the point of sale