2021-6-12 12:17 |
Ripple decacorn releases a report, in which it shows numerous inefficiencies of modern banks when it comes to cross-border payments and showcases its own payments tech
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“Money is entering a format war”, wrote Citigroup, in their latest Future of Money report, and this is creating both challenges and opportunity for companies in the payments sphere. The evolution of cryptocurrencies, digital wallets, challenger banks, stablecoins, CBDCs, DeFi protocols and other blockchain-focused payment platforms has opened the doors for forward-thinking companies – old […] The post World’s First DeFi Banking App, Scallop, Innovates Crypto Payments Solutions appeared first on NullTX.
2021-6-11 18:10 | |
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According to a recent report from The Telegraph, three UK banks, Barclays, Monzo, and Starling have halted payments to cryptocurrency exchanges like Binance and SwissBorg. The banks cite concerns regarding crypto-related financial crime as the primary motivation for this action.
2021-6-1 16:47 | |
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The adoption of crypto in the US got a new push as Colorado Governor Jared Polis is eager to accommodate legislation for state tax payments via cryptocurrencies, as per a report on news outlet The Independent.
2021-5-28 07:00 | |
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Per a press release issued by the U. S. Federal Reserve (FED), represented by its Chairman Jerome Powell, the institution will publish a “response” to the advances made in the crypto industry. The document claims that the global payments landscape has “driving rapid change”.
2021-5-21 22:41 | |
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While CBDCs could help central banks address the decline in cash payments, some risk factors remain.
2021-5-19 11:12 | |
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Chainalysis’ mid-year report shows total crypto paid to ransomware addresses increased by 337% in… The post Crypto ransomware payments exceed $81 million in Q1 2021 appeared first on Coin Journal.
2021-5-18 13:39 | |
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BitPay has released a report that shows crypto is gaining traction among United States consumers as a means of making retail payments. The post Research shows 46 million Americans would use crypto for retail purchases appeared first on CryptoSlate.
2021-5-15 01:00 | |
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Here are the top stories from the cryptocurrency sector this week Ethereum outperforms Bitcoin… The post Weekly Report: eBay Exploring NFTs and Crypto Payments appeared first on Coin Journal.
2021-5-8 15:07 | |
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Per an earnings report, Bitcoin-focused payments company Square has purchased 3,318 more BTC and earned $3.51 billion in bitcoin revenue.
2021-5-8 00:51 | |
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Payments firm Ripple could reportedly go public soon after its ongoing case with the United States Securities and Exchange Commission (SEC) is settled, a report on Finance Feeds said today. In December 2020, Ripple was charged with the unlawful sale of $1.
2021-5-1 01:00 | |
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The major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments.
2021-4-23 07:30 | |
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Bitcoin mining farms and renewable energy facilities can greatly help each other to create an “abundant, clean energy future,” according to a joint research report published by payments company Square and asset manager Ark Invest yesterday.
2021-4-23 22:00 | |
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Payments firm Ripple Labs (XRP) has won a ‘discovery’ from the US Securities and Exchange Commission (SEC), as per a report on legal news outlet Law360. The post XRP just got an edge in the ongoing Ripple v. SEC lawsuit appeared first on CryptoSlate.
2021-4-8 20:30 | |
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Sacramento Kings has announced plans to start paying players and its staffers’ salaries in bitcoin (BTC). The American professional basketball team has been accepting bitcoin payments for merchandise since 2014, according to a Forbes report on April 5, 2021.
2021-4-7 20:00 | |
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Global payments giant Visa today announced it would allow the settlement of cryptocurrencies on its network, as per a report on Reuters. The post VISA to allow USDC settlements via Ethereum on its network appeared first on CryptoSlate.
2021-3-29 12:16 | |
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The Committee on Payments and Market Infrastructures conference was held in Basel, Switzerland. One of the main guests was the Chairman of the U.S. Federal Reserve, Jerome Powell. Referring to a report created by the institution he chairs and other banking institutions, Powell said: A recent report from the Bank for International Settlements (BIS) and […]
2021-3-19 22:00 | |
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Visa is set to enter the cryptocurrency market as the payments processor looks to capitalize on the sector’s growth and expand its worldwide business, a report on business outlet Moneycontrol said Tuesday.
2021-3-18 17:40 | |
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State Bank of India, the country's largest bank, is in the news today after a report by the Economic Times revealed that the country has joined JP Morgan's much-hyped blockchain payments network.
2021-2-23 14:32 | |
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Online payments company PayPal has had its strongest fiscal year with a spike in the number of active accounts on its platform. According to the firm’s fourth-quarter and fiscal year report, about 1The post PayPal's Bitcoin strategy pays off appeared first on AMBCrypto.
2021-2-5 01:00 | |
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In a report first published by The Block, the clearing center and the digital currency research institute at the People’s Bank of China (PBoC) and SWIFT, the global interbank settlement firm, SWIFT, have formed a partnership to launch a new financial payment service, Finance Gateway Information Service Limited, public records show.
2021-2-4 19:27 | |
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Customers who bought crypto through the platform have been logging in twice as much as they were before, the payments giant said.
2021-2-4 00:40 | |
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After many years of indifference, the Reserve Bank of India (RBI) is now considering the use of a digital fiat currency for the payment sector in the country, a recent report says. This is coming on the backdrop of the increasing popularity of cryptocurrencies globally.
2021-1-26 21:10 | |
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The city council of Lebrija has created a virtual currency ‘Elio’ that can only be used for payments made to small and medium businesses, according to a report by Diario de Sevilla. Read more: Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources
2020-12-29 15:20 | |
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Spotify is mulling joining the cryptocurrency bandwagon. Spotify Contemplating Adding Support for Crypto Payments According to a report by The Block published on December 3, audio streaming giant Spotify is looking into hiring an associate director to lead a payments strategy team involved in its cryptocurrency and digital asset efforts.
2020-12-5 10:30 | |
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Payments processor Stripe is teaming with some big banks to provide checking accounts and other banking services, according to a report.
2020-12-4 13:28 | |
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Nearly a fifth of PayPal users are jumping on to the Bitcoin (BTC) train, a Japanese investment bank report, Mizuho Securities, reported. According to the survey carried out by 380 PayPal users, there is an uptake in BTC purchases on the global payments platform as users take advantage of PayPal’s Bitcoin capabilities.
2020-12-2 21:58 | |
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Payments giant Ripple is mulling selling a stake in MoneyGram. Ripple Set to Sell Part of MoneyGram Stake According to a report by The Block published on November 28, Ripple is poised to sell one-third of its stake in MoneyGram for the first time.
2020-11-30 18:00 | |
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Blockchain payments firm Ripple has opened regional headquarters in Dubai, underscoring the San Francisco-based decacorn’s intent to move away from the US due to the hostile regulatory environment. Ripple Moves To Strengthen Presence In MENA With A New Regional Base In Dubai According to a report on Saturday (November 7) by the United Arab Emirates […]
2020-11-10 20:17 | |
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A joint study by the Cambridge Centre for Alternative Finance (CCAF) and the World Bank has revealed that COVID-19 greatly accelerated Fintech regulatory innovation developments. Dubbed ‘Global COVID-19 Fintech Regulatory Rapid Assessment Study’, the report was released on Oct 28 as part of an effort to empirically equip regulators and central banks in the digital currency […] The post COVID-19 Accelerated Digital Payments Growth and Fintech Regulatory Innovation: World Bank & Cambridge Global Study first appeared on BitcoinExchangeGuide.
2020-10-31 23:45 | |
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Blockchain-based payments firm Ripple paid MoneyGram over $9 million during the third quarter of 2020 for using the firm’s XRP-based international payments network. In MoneyGram’s Q3 report released on Thursday, the company said it received $9.
2020-10-31 21:42 | |
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Payments processor PayPal is rumored to be exploring cryptocurrency-centric companies to buy, including crypto custodian BitGo, according to a new report by Bloomberg. This comes just days after PayPal confirmed it is entering the crypto space by launching a crypto buying and selling service for its customers.
2020-10-26 23:07 | |
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The US dollar is the most common currency used for cross border settlement between various countries and big corporations with the help of the traditional banking system. According to a report by the The post How RUSH is changing cross border payments appeared first on AMBCrypto.
2020-10-23 14:30 | |
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SIA, a multinational payments firm based in Italy, has teamed up with Hex Trust, a crypto custodian, to help its European banking clients hold digital currencies. A report unveiled this news on October 22, noting that this collaboration will see the firms launch a blockchain-based platform for financial institutions.
2020-10-23 19:57 | |
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On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the Federal Reserve Chair Jerome Powell.
2020-10-20 00:00 | |
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The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote financial inclusion.
2020-10-18 17:05 | |
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On October 15, 2020, Ripple published its third annual Blockchain in Payments Report, a document designed to provide a “comprehensive” look at the fintech industry and blockchain’s increasing role in payments.
2020-10-16 16:56 | |
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Ripple’s third annual Blockchain in Payments report had some interesting revelations regarding digital asset adoption globally. Despite the ongoing global pandemic, 79% of businesses reported growthThe post Ripple's report analyzes key factors driving global blockchain adoption in 2020 appeared first on AMBCrypto.
2020-10-16 14:30 | |
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For the third straight year, Ripple is excited to share its annual Blockchain in Payments Report—a comprehensive look into the fintech industry and blockchain’s increasing role in payments. This year’s report uncovered that not only is growth indeed possible for blockchain and digital assets initiatives, but that familiarity and positive sentiment continue to rise as … Continued The post Blockchain in Payments Report 2020: From Adoption To Growth appeared first on Ripple.
2020-10-16 21:06 | |
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The move comes as Ant, a global leader in digital payments, is readying what could be an offering worth up to a record $35 billion.
2020-10-15 22:22 | |
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One of the largest banks in Germany published a report on the prospects and risks of digital currencies issued by central banks. According to the bank's experts, CBDC will reduce the level of privacy of payments and may lead to social unrest.
2020-10-11 14:53 | |
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A recent report from the US-based multinational financial services corporation has shown that it...
The post Visa to help banks integrate CBDC payments appeared first on Coin Journal.
2020-9-25 13:32 | |
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Russia is looking to automate travel agency payments using blockchain technology. Using Smart Contracts to Automate Payments According to a report by local outlet Air Transport Review, Russia’s S7 Airlines has inked a partnership with the country’s largest bank, Sberbank, to fully automate travel agency payments through distributed ledger technology (DLT).
2020-8-29 21:00 | |
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New Payments Platform Australia (NPPA), a group comprising all the significant banks in Australia is suing Ripple. A Report unveiled this news on August 26, noting that the consortium sued Ripple after it went against Australia’s Trade Marks Act (1995) and the Australian Consumer Law by using the organization’s brand and trademark dubbed PayID without authorization.
2020-8-27 17:10 | |
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Singapore-based FinTech company Lightnet Pte. Ltd has signed a memorandum of understanding (MoU) with SEBA Bank, FINMA-licensed Swiss bank. A report unveiled this news on August 25, noting that this collaboration aims to offer a secure and accessible bridge between digital and traditional assets.
2020-8-26 15:15 | |
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Researchers reportedly traced bitcoin sent as payments to Ryuk ransomware controllers and found a good portion passed through Binance.
2020-8-25 17:23 | |
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China’s state-run commercial banks are conducting large-scale internal testing of a digital wallet application in preparation for rolling out a central bank digital currency (CBDC). Employees at state-run banks in cities including Shenzhen have started internally testing an app that will be used for transferring money and making payments, a Reuters report stated.
2020-8-7 14:25 | |
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At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim.
2020-8-1 14:48 | |
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Japan’s giant banking institution, Mitsubishi UFJ Financial Group Bank (MUFG) finally announces plans to launch its digital currency after releasing a conflicting report in December 2019. According to local news website, Mainichi, MUFG’s president, Hironori Kamezawa, confirmed the company will launch its own digital currency partnering with Recruit Group, which operates restaurant introduction sites including […]
2020-7-21 19:10 | |
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Payments giant PayPal has chosen Paxos to handle digital assets for the upcoming (yet unconfirmed) crypto offering, CoinDesk reported Monday. PayPal the Biggest Financial Firm to Onboard Crypto? Coindesk said “two people familiar with the matter” told the publication that PayPal users will soon have access to crypto services; including trading and storage.
2020-7-20 13:00 | |
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