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Gold-Backed Digital Tokens Now an Approved Payment Method Says Zimbabwean Central Bank
9.10.2023
Zimbabwean residents and institutions can now pay or settle domestic transactions using the recently launched gold-backed digital tokens, the central bank has said. Bank governor John Mangudya said the central bank has enlisted the services of external auditors to “validate the availability...
China Connects Digital Yuan to Hong Kong’s Fast Payment System
6.10.2023
China has taken another step forward in its digital yuan pilot – connecting its CBDC platform to Hong Kong’s Fast Payment System (FPS).
The move will speed up cross-border digital yuan transactions and boost interoperability between the Mainland’s CBDC and international payment networks.
The...
Crypto cards facilitated $3B payment volume post 2021 exchange deals - Visa VP
5.10.2023
Visa’s CEMEA head of innovation and design Akshay Chopra reveals that the company’s partnership with cryptocurrency exchanges has facilitated billions of dollars in payment volumes
Ripple earns Singapore Digital Payment Token Services license
4.10.2023
Ripple announced receiving the MAS’s (Monetary Authority of Singapore) approval for the MPI (Major Payments Institution) license. Now, the blockchain can legally offer its digital payment services in Singapore. Ripple will use its Singapore-based subsidiary, Ripple Markets APAC Pte Limited...
Sygnum Singapore Obtains Major Payment Institution License for Crypto Brokerage Services
3.10.2023
Sygnum Singapore, a subsidiary of the Switzerland-based cryptocurrency bank Sygnum, has received approval for its Major Payment Institution License (MPIL) from the Monetary Authority of Singapore (MAS) to be able to provide crypto brokerage services to accredited investors and institutions...
Singapore awards major payment institution license to Sygnum Bank subsidiary
3.10.2023
Sygnum Singapore plans to expand its regulated offering to Asia–Pacific (APAC) markets, such as Hong Kong, a spokesperson told Cointelegraph
Coinbase Obtains Payment License in Singapore
2.10.2023
Last week the company attained regulatory approval in Bermuda and registered with Spains central bank
Coinbase crypto exchange obtains payment license in Singapore
2.10.2023
The new MPI license comes one year after Coinbase’s initial in-principle approval in Singapore, enabling it to expand digital payment token services
Coinbase Attains Full License to Expand Crypto Payment Services in Singapore
2.10.2023
Crypto exchange Coinbase has secured a full major payment institution (MPI) license under Singapore's Payment Services Act.
Coinbase announced that the recent development comes nearly a year after Coinbase received preliminary approval from the Monetary Authority of Singapore (MAS).
With this...
Binance Advises Paysafe Users to Convert Euro Balances to Tether
29.9.2023
Crypto exchange Binance has issued a recommendation for customers using the services of Paysafe for euro (EUR) transfers. The crypto trading platform is advising users to convert their euro balances to tether (USDT) or withdraw them to bank accounts after the payment processor suspended deposits...
China Allows Visitors to Top Up Digital Yuan Wallets with Visa, Mastercard, Cash
28.9.2023
Trying to make the digital yuan more attractive for foreigners, China has added a “recharge before use” feature to its digital currency system. The upgrade will allow visitors from abroad to replenish a digital yuan wallet through the global payment networks Visa and Mastercard among other methods....
NAKA Launching the First Self-Custodial Payment Card/Scheme Working on POS Terminals Worldwide
27.9.2023
PRESS RELEASE. SLOVENIA – Sep 27th, 2023 – NAKA introduces a new decentralized approach to finances, built upon a pioneering blockchain-based payment scheme and a payment card that links to the wallet managed by MetaMask and can be read by any POS terminal worldwide. NAKA has developed...
Chase UK to Block Crypto Payments Amid Scam Concerns and Regulatory Changes
26.9.2023
JPMorgan Chase & Co.’s U.K. division, Chase UK, is putting the brakes on cryptocurrency-related payments. Come October 16, any Chase UK customers attempting to make a bank transfer or card payment linked to crypto will find themselves thwarted. Chase UK to Halt Crypto Payments...
Best Crypto to Buy Now September 21 – ImmutableX, Algorand, Aave
21.9.2023
Intrigue is swirling after X's inaugural Client Council event provided insight into the platform's ambitions to evolve into "The Everything App," with many in crypto circles dissecting hints about potential peer-to-peer payment options.
While details remain scarce, the event spotlighted X's vision...
Web3 Gains Popularity Among OnlyFans and Patreon Creators Over Payment Worries
21.9.2023
Adult content creators are increasingly turning to decentralized alternatives to platforms like OnlyFans and Patreon amid payment challenges and the constant fear of being de-platformed.
These creators are finding solace in the promising potential of Web3 technology, which promises greater control...
Crypto payment firm Alchemy Pay wins money transmitter license in US
21.9.2023
Alchemy Pay has joined the ranks of crypto firms like Coinbase and Jack Dorsey’s Block in securing the Money Transmitter License in Arkansas
OnlyFans, Patreon models turn to Web3 amid payment and censorship fears
21.9.2023
Patreon creators had difficulties getting paid in August, while OnlyFans once tried to ban porn on the platform, forcing creators to look at alternatives, including Web3
Paypal Launches US Dollar-Denominated Stablecoin PYUSD on Venmo
20.9.2023
On Wednesday, the payment giant Paypal announced that the stablecoin PYUSD is now available on Venmo. Paypal detailed that the stablecoin asset will be available to select Venmo users and fully roll out for all users “in the coming weeks.” Paypal Stablecoin PYUSD Makes Its Way to Venmo...
Bank of Russia Governor Elvira Nabiullina: ‘Cash Is Not Going Away’
19.9.2023
Elvira Nabiullina, Governor of the Bank of Russia, talked about the future of cash in the context of the digital ruble pilot currently being executed in the country. Nabiullina explained that physical money was not disappearing and that the future implementation of the digital ruble was directed...
Kazakhstan Sets Up National Payment Corporation To Lead CBDC Efforts
18.9.2023
The National Bank of Kazakhstan (NBK) has unveiled the National Payment Corporation (NPC), a body charged with the implementation of digital financial infrastructure and the digital tenge.
According to an official press release on Sept 15, the NPC will oversee efforts at rolling out the county’s...