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Tether Invests $18.75M in XREX Group to Facilitate Launch of Gold-Backed Stablecoin
6.6.2024
Tether, the issuer of the USDT stablecoin and a leading player in the digital asset industry, has made a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. The investment aims to drive innovation in the digital asset industry and facilitate...
FBI Warns of Crypto Scams in Fake Work-From-Home Jobs
6.6.2024
The U.S. Federal Bureau of Investigation (FBI) issued an alert on June 4, highlighting a surge in cryptocurrency-related fraud involving bogus work-from-home opportunities. Scammers impersonate legitimate businesses and lure individuals with seemingly simple tasks like clicking buttons or rating...
Private firms to join global central bank CBDC project
5.6.2024
As Project mBridge enters its MVP phase, BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform's potential
Tether announces strategic investment and launch of XAU1 stablecoin
5.6.2024
Tether invests $18.75 million in XREX Group and launches XAU1 stablecoin to enhance cross-border B2B payments and regulatory technology
Multicoin, Coinbase Ventures Invest in Latin American Stablecoin-Powered SuperApp El Dorado
4.6.2024
Stablecoin adoption is soaring in the region as many people turn to the crypto tokens as a shield against currency devaluation and cheap remittances
BIS Plans Instant Cross-Border Payments Using Wholesale CBDC Settlement
4.6.2024
In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central...
Deutsche Bank and BitPanda join forces for real-time crypto payments
4.6.2024
The partnership with Deutsche Bank allows BitPanda to offer real-time inbound and outbound cash payments for German crypto traders using German International Bank Account Numbers (IBAN)
Qatar Central Bank launches first phase of CBDC project
3.6.2024
The small country on the Arabian Peninsula sees CBDC as part of its national development strategy
Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent
2.6.2024
Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the crypto market, as the G7 and the EU mull more sanctions...
Ripple’s 2023 report reveals key trends shaping regional payments
31.5.2024
Ripple’s 2023 Trends in Regional Payments Report has unveiled several key insights into the rapidly evolving landscape of global financial transactions. The report, based on comprehensive data analysis and industry surveys, highlights significant trends and developments across various regions...
Ripple Report: Crypto and CBDCs Transforming Global Payments
31.5.2024
Ripple’s recently published 2023 Trends in Regional Payments ebook highlights the transformative role of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is witnessing a digital transformation with a shift towards crypto-powered...
Former Consensys Employee Launches Stablecoin ‘USD3’
30.5.2024
Former Consensys employee Jack Jia, and the founder of Stable.com has launched USD3, a “payments-first” new stablecoin despite the present lack of a regulatory framework and uncertainty around the market.
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PayPal’s new stablecoin on Solana will offer ‘confidential transfers’
30.5.2024
Confidential transfers allow merchants to provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes
Mastercard's crypto credentials P2P pilot program goes live
29.5.2024
The credit card company hopes to streamline transactions and limit user error through an alias credentialing system
Mastercard Launches Crypto Credential Service for Simplified Cross-Border Transactions
29.5.2024
Financial giant Mastercard has initiated its first real-world application of the Crypto Credential system, a system aimed at facilitating easier and more secure peer-to-peer (P2P) cryptocurrency transactions. The service, which allows users to transfer cryptocurrencies using simple aliases,...
Gnosis Pay expands Web3 payments in partnership with Visa
29.5.2024
Gnosis Pay, a leading decentralized payment infrastructure that facilitates the connectivity of TradFi and DeFi, has announced a partnership with Visa, a global payments giant. The partnership introduces a self-custodial Visa Debit Card that is connected to a Safe smart account. This will provide...
Israel launches digital shekel CBDC experiment for payments
29.5.2024
The Bank of Israel launched the CBDC experiment taking inspiration from the Project Rosalind carried out by the BIS Innovation Hub
Bitcoin Well Launches Payments via Lightning Network in Canada
29.5.2024
Bitcoin Well Inc., a non-custodial bitcoin platform, has announced the integration of the Lightning Network into its platform, enabling customers in Canada to instantly sell bitcoin from any personal Lightning Wallet. Bitcoin Well’s founder & CEO, Adam O’Brien, stated that this...
Cambodia’s Central Bank Governor Believes Digital Currency Will Boost Fiat Use: Here’s Why
28.5.2024
In an announcement made on May 28, Central Bank Governor Chea Serey stated that through enabling cross-border QR payments, the Central Bank Digital Currency (CBDC) Bakong might boost the uptake of the Riel currency in Cambodia.
The post Cambodia’s Central Bank Governor Believes Digital...
Crydit Unveils Revolutionary Unlimited Crypto Card Redefining Crypto Payments
25.5.2024
PRESS RELEASE. [May 25, 2024] – Crydit, with the vision of “Pay Everything,” announces the official launch of the first Unlimited Crypto Card in the industry. Crydit is poised to revolutionize the crypto payment industry, providing users of cryptocurrencies with a free, secure, and convenient...