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XRP, Stellar, and IOTA to reign cross-border payments
2.5.2023
The US Federal Reserve has some time before it makes a move to the upcoming ISO 2022 Regulation. However, notable players like Ripple, Stellar, and IOTA are already on a path to tap that market and dominate in the region worth approximately trillion dollars. The low-value cross-border payments...
Sotheby's Launches On-Chain Secondary NFT Marketplace
1.5.2023
Sotheby’s Metaverse will now offer fully on-chain secondary transactions via Ethereum and Polygon
‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says
1.5.2023
Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated....
Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China
1.5.2023
BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called for using the Chinese yuan for cross-border trade....
Paypal Upgrades Crypto Services to 60 Million Venmo Users, Allowing Transfers to External Wallets and Exchanges
30.4.2023
After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency transfer services to Venmo users. The firm detailed that Venmo customers will be able to send funds to an existing Paypal account, an external wallet, or a crypto...
Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves
29.4.2023
The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than...
World’s Largest Regional Organization to Switch to Settlements in National Currencies
29.4.2023
A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency. Shanghai Cooperation...
Venmo will enable fiat-to-crypto payments in May
28.4.2023
Users of the mobile payment service will also be able to receive crypto through a QR code or external crypto address
PayPal to Enable On-Chain Transfers From Venmo Accounts, Including to On-Chain Wallets
28.4.2023
The feature will become available in May, PayPal's Jose Fernandez da Ponte said on a panel at Consensus
3 Giga-Brained Ideas From Consensus Day 2
28.4.2023
Crypto shows that ideas can be valuable, even if they’re not useful … yet
Chinese Yuan Overtakes US Dollar as Most Used Currency to Settle Cross-Border Payments in China
27.4.2023
The Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State Administration of Foreign Exchange, the Chinese yuan rose to be the most-used currency in March over the U.S. dollar, in a push from the Beijing government...
China’s WeChat to Allow More In-app CBDC Payments – Digital Yuan Pilot “Accelerates”
27.4.2023
The Chinese tech giant Tencent has stated that its WeChat ecosystem will let users make digital yuan payments on applets and video channels.
The move will allow WeChat users to pay via in-app applets using the Chinese central bank digital currency (CBDC).
They will also be able to use the CBDC...
Art Blocks Co-Founder Erick Calderon Uses Free Market Ideals to Defend NFT Royalties
26.4.2023
Erick Calderon, the co-founder of Art Blocks, tried to turn down the heat on the battle around non-fungible token (NFT) creator royalties at CoinDesk’s Consensus Festival. He made his own opinion on the matter clear, however: according to Calderon, royalties “let the creator keep creating.”
Akurateco payments orchestration platform: The missing piece in the crypto puzzle
26.4.2023
Cryptocurrencies stand at the forefront of e-payments, and it’s an absolute “must” for cryptocurrency exchanges to have a modern payment solution for making deposits and conducting payouts seamlessly in the blink of an eye. It is not only a matter of efficiency and a pleasant user...
ECB’s Panetta Reinforces Digital Euro Focus on Payments
26.4.2023
Fabio Panetta, a member of the executive board of the European Central Bank (ECB), announced the digital euro project was entering its final phase. Before the committee on economic and monetary affairs of the European Parliament, Panetta stated that the digital euro, if approved, would be focused...
ECB President Lagarde on De-Dollarization: Reserve Currency Status Should No Longer Be Taken for Granted
26.4.2023
European Central Bank (ECB) President Christine Lagarde has warned that the U.S. dollar’s reserve currency status “should no longer be taken for granted.” Acknowledging de-dollarization efforts by various countries, she stressed: “New trade patterns may have ramifications...
Apple's outside payments ban upheld as unlawful in likely win for NFTs and crypto
26.4.2023
Unless Apple appeals the decision and has the ruling overturned, developers are free to direct app users to their own systems to make purchases
Former Signature Bank Crypto Payments Chief, 4 of His Team Join Fortress Trust
25.4.2023
Joseph Seibert, formerly head of its digital assets at Signature Bank, has brought over part of his risk and compliance team and a blockchain payments specialist
Today in Crypto: Visa’s ‘Ambitious Crypto Product Roadmap’, Bitget’s On-ramp Service for Visa & Mastercard Crypto Purchases, Fractal & XRPL Partner on KYC/AML, Aptos Labs Teams Up with Ledger
25.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Visa’s ‘Ambitious Crypto Product Roadmap’, Bitget’s On-ramp Service for Visa & Mastercard Crypto...
Singapore-Based Cosmose AI Adopts Near's Crypto Solution, Company Now Valued at $500 Million
25.4.2023
Global platform Cosmose AI has partnered with the Near Foundation, the Swiss non-profit supporting the governance and development of the NEAR protocol, announcing a strategic investment from the foundation and valuing the company at $500 million. ...
Read More: Singapore-Based Cosmose AI Adopts...