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Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions


Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transactions, low liquidity is another factor preventing Russians from exploiting the utility...

Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow


  The e-payments giant Alipay, part of the Alibaba business empire, has added an advanced search function for users wishing to use its platform to make payments using the digital yuan within the fast-expanding pilot zone.... Read More: Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow

Gucci to Accept Crypto Payments in Retail Stores


High-end fashion house Gucci will begin accepting cryptocurrencies at some of its stores this month, including bitcoin, ether, dogecoin, and shiba inu. The company plans for all of its directly operated stores in North America to accept crypto by this summer. Gucci to Start Accepting Crypto...

Renowned Luxury Brand Gucci to Accept Bitcoin, Ethereum Payments in the US


  Italian luxury brand Gucci will accept crypto payments across five flagship stores in the US by the end of the month and aims to expand the pilot to include all of its directly-operated stores in North America by this summer.... Read More: Renowned Luxury Brand Gucci to Accept Bitcoin, Ethereum...

Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions


Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt...

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