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Indian Banks Request NPCI Clarification on Crypto UPI Payments


The crypto industry has become an unavoidable force in the finance sector that even traditional institutions are looking to adopt. While world governments like the USA are being blamed for joining the crypto race late, India seems to be moving to the next level with crypto UPI. A few months...

Bank of Russia to Pilot Digital Ruble Settlements in 2023


Russia’s monetary authority intends to conduct the first settlements with the digital ruble next year, its governor announced this week. Speaking to Russian lawmakers, the official highlighted the important role the new currency is going to play for Russia under sanctions. Russia to Trial...

Payments Giant Stripe Rolls Out Pilot to Test Crypto Payouts With Twitter


On April 22, the payments giant Stripe announced that it is expanding global payouts with crypto assets via a new pilot. Stripe’s crypto executive Karan Sharma revealed crypto payouts for the firm’s Connect service to a select group of Twitter users as the social media platform...

Chinese Man Uses Digital Yuan to Pay Court-issued Fine in Legal First


  Chinese media outlets have been reporting on a new first for the digital yuan – with the central bank-issued token used to pay a court-issued fine for the first time. Per Chinaqw, on April 19, a man surnamed Wei, the plaintiff in a motor vehicle traffic accident liability dispute case, had been...

Monero Usage in Ransomware Payments Rise while Bitcoin Accepted With Premium


  Ransomware attackers are increasingly asking for payments in privacy coins like monero (XMR), while still mostly accepting bitcoin (BTC) payments but with a premium, per a new report. According to the report by CipherTrace, a crypto intelligence company, demanding ransomware payments in XMR...

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