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Mansa Partners With Nigerian Blockchain Platform Bitmama to Boost Cross-Border Payments
8.9.2024
The Nigerian blockchain payment platform Bitmama has partnered with the decentralized finance platform Mansa to improve cross-border payment accessibility in Africa. This partnership aims to enhance consumer payment capabilities and support trade across borders. Mansa’s liquidity solution...
Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments
7.9.2024
The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally...
Japan’s major banks back new stablecoin project for global trade
6.9.2024
Project Pax, backed by Japan’s top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20
Travala Integrates With Skyscanner, Enabling Crypto Payments for Over 2.2 Million Hotels
6.9.2024
Crypto-native travel platform Travala has announced its integration with global travel marketplace Skyscanner. This partnership allows Skyscanner’s 110 million monthly users to discover and book over 2.2 million hotels using more than 100 cryptocurrencies via Travala. This integration positions...
Head of the State Duma’s Financial Market Committee: National Digital Currencies to Be Considered for Bilateral Settlements Between China and Russia
6.9.2024
Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these instruments will be considered for such settlements...
Crypto Payments Firm BCB Group Has Received Takeover Interest: Sources
5.9.2024
The company received takeover interest from a potential investor while conducting a Series B funding round
Getting paid in crypto: Dubai court ruling shows increasing acceptance
5.9.2024
Crypto salaries are becoming more common, especially in countries with prevalent economic incentives like inflation.
Crypto-native travel platform Travala integrates with Skyscanner for 2.2M hotels
5.9.2024
Travala is the first crypto-native travel platform to receive a Skyscanner integration, which allows it to access the platform’s 110 million monthly users
Mastercard enables non-custodial crypto spending in new partnership
5.9.2024
Mastercard partners with Mercuryo to launch a euro-denominated crypto debit card, enabling users to spend crypto from self-custodial wallets at over 100 million merchants
Sberbank to Join Russia’s Crypto Settlement Pilot This Fall, Executive Reveals
5.9.2024
Sberbank, Russia’s largest financial institution, plans to join a cryptocurrency settlement pilot program this fall. The bank also aims to serve clients using digital rubles by 2025. Deputy Chairman Anatoly Popov supports regulatory efforts to legitimize cryptocurrencies for international...
Sui blockchain taps radio waves to bank the offline unbanked
4.9.2024
Sui blockchain innovates with alternative methods, like radio waves, to enable offline crypto transactions for unbanked communities, even those without internet access
Join Us at the Prestigious PAY360 Awards: Celebrating Excellence in the Payments Industry
2.9.2024
The PAY360 Awards, the pinnacle of recognition in the payments industry, will take place on October 2nd, 2024,…
OKX bags Singapore crypto license
2.9.2024
OKX Singapore also announced that it onboarded Gracie Lin, who previously worked at MAS, as its CEO.
Telegram CEO Arrested, Coinbase CEO Bullish on Crypto Payments, and More — Week in Review
1.9.2024
The arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the crypto community. Coinbase CEO Brian Armstrong expressed optimism about the future of crypto payments, predicting it as the next big boom driven by advancements in technology. The SEC has issued a Wells notice...
Payments in National Currencies Surge to 92% Among SCO Members
1.9.2024
Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran...
Lightspark Presents Solution Linking Lightning Network Payments to Bank Accounts in the U.S.
31.8.2024
Lightspark, a Bitcoin Lightning Network financial services company, has announced the release of its UMA Extend feature, which focuses on increasing the interaction between crypto and legacy rails in the U.S. With UMA Extend, businesses can opt in for a direction that can be linked to an account...
Binance Research Report: Blockchain Could Transform Cross-Border Transactions
30.8.2024
Blockchain technology is set to transform the payments industry by tackling persistent issues in cross-border transactions. A detailed report by Binance Research suggests that incorporating blockchain into payment systems could substantially lower costs and speed up settlements, offering a...
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...