How Can We Embed Traditional Payments Into Crypto Platforms to Bridge the Gap Between Web2 and Web3?

For Web3 to reach its full potential, fiat and crypto capital need to be more easily and securely interchangeable. Here, Fiat Republic founder Adam Bialy offers his perspective on how to move forward. дальше »

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Big Banks, NY Fed’s Innovation Group See Merit in Digital Ledgers for Global Payments

Citigroup Inc., HSBC, BNY Mellon and other global financial giants have been experimenting with what they call a “regulated liability network” for conducting round-the-clock, wholesale payments using shared ledgers, and a paper released Thursday suggests the system has potential. дальше »

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Mastercard AI-powered tool to help banks fight fraud

Mastercard revealed a new AI-driven tool available to banks for collecting insights to predict scams and frauds involving real-time payments. дальше »

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Decline in NFT Royalty Payments: What Does It Mean for Creators?

Discover why non-fungible token (NFT) royalty payments have reached a two-year low, impacting creators' earnings. Explore the factors behind the decline. The post Decline in NFT Royalty Payments: What Does It Mean for Creators? appeared first on NFT News Today. дальше »

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Bank of England taps self-sovereign ID platform Nuggets to develop privacy layer for digital pound

Nuggets, a self-sovereign ID and payments platform, said on July 5 that it is working with the Bank of England on goals related to a “digital pound. ” Specifically, the project is developing a privacy and identity layer that could be used with the UK’s prospective central bank digital currency (CBDC). дальше »

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NFT Creator Royalty Payments Hit Two-Year Low: Nansen

The rise of royalty-optional platforms like Blur and OpenSea have contributed to declining royalty payments for artists across the space. дальше »

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Twitter receives money transmitter licenses in three US states

Michigan, Missouri and New Hampshire have granted money transmitter licenses to Twitter Payments LLC, leaving 47 U.S. states yet to weigh in. дальше »

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Bitwage halts USDC payments for US residents, cites ‘strict regulations’

In an email sent to customers on July 5, crypto payroll company Bitwage announced it would disable payments in USD Coin (USDC) for U. S. residents. Over the past month, financial regulators in the U. дальше »

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Elon, You Don’t Need Crypto to Do Twitter Payments

If Musk wants to build an instant cross-border network, he'll find central bank real-time systems have moved on quite a bit since his days at PayPal, says J.P. Koning. дальше »

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Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound

The BofE said in February that a digital pound was likely needed, but that it will not make a decision on issuing one until at least 2025. дальше »

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Reserve Bank of India Explores Cross-Border Payments with Digital Rupee

The Reserve Bank of India (RBI) is actively exploring the potential of its digital currency, the digital rupee, for cross-border transactions. The RBI is in discussions with central banks from... дальше »

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Mercuryo’s Big Time Summit in Cyprus: Revolutionizing the FinTech Industry

The global payments infrastructure platform Mercuryo has announced the launch of Big Time Summit – a FinTech event to be held for the first time in Limassol, Cyprus, on July 7, 2023.   The event will be held with the support of Invest Cyprus, Mercuryo’s trusted partner. дальше »

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India negotiates cross-border CBDC payments with global central banks

The CBDC should enhance the country's potential for foreign trade with nations that lack U.S. dollar reserves.

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Federal Reserve Certifies 57 Organizations For Instant Payments System ‘FedNow’

The United States Federal Reserve has made a significant announcement regarding the certification of 57 organizations, including financial institutions and service providers, for the highly anticipated launch of the FedNow Service. дальше »

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Jinan Leads the Way: China’s First Cashless Bus Network Accepts Digital Yuan Payments

Jinan, the bustling capital of Shandong Province in China, now accepts payments using the digital yuan and has already been tried on its major bus like the B52 and BRT5.  This marks a new dawn for China’s adoption of digital currencies in their economy as Jihan has taken a significant leap forward and embraced digital […] дальше »

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Researchers demonstrate ‘unconditionally secure’ quantum digital payments

The research represents a possible breakthrough in quantum communications and, potentially, the onset of the era of quantum fintech. дальше »

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Jinan pioneers Chinese CBDC use in transportation with digital yuan bus payments

Jinan, the capital of Shandong Province in eastern China, has taken a proactive stance in promoting the use of China's central bank digital currency (CBDC) by initiating digital yuan payments on all of its bus routes. дальше »

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Gemini's Cameron Winklevoss Tweets $1.5B 'Final Offer' in Debt Talks Over Crypto Firm Genesis

Creditors of the crypto financial firm Genesis call for $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder. дальше »

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Mastercard chief digital officer believes tokenization needs TradFi rules to go mainstream

Mastercard believes that blockchain technology can revolutionize payments, but it needs “financially-regulated applications” and “central bank-backed money” to achieve mainstream adoption, according to chief digital officer Jorn Lambert. дальше »

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Hong Kong exchange to launch unlimited crypto credit card

Hong Kong-based crypto exchange LBank is preparing to introduce what it claims to be the world’s first unlimited cryptocurrency credit card. The upcoming card, available in virtual and physical forms, will allow users to make direct cryptocurrency payments through LBank’s… дальше »

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LBank launches global first unlimited crypto credit card, breaking boundaries in cryptocurrency payments

LBank, the world-leading cryptocurrency exchange, is soon to launch the world's first unlimited cryptocurrency credit card, aiming to break down the barriers of cryptocurrency payments. The card, avaiThe post LBank launches global first unlimited crypto credit card, breaking boundaries in cryptocurrency payments appeared first on AMBCrypto. дальше »

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CBDCs Could Enhance Financial Inclusion If Well-designed – IMF

The International Monetary Fund (IMF) Managing director has recognized the role that Central Bank Digital Currencies (CBDCs) could play in increasing financial inclusion and making cross-border payments and remittances cheaper and quicker. дальше »

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SHIB, BTC, ETH Can Now Be Used to Book 600 Airlines via This Partnership

SHIB, BTC, ETH payments accepted to book 600 airlines via this partnership дальше »

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Mastercard unveils multi-token network

Global payments processor Mastercard has launched its Multi-Token Network (MTN) platform, a solution to foster interoperability within the blockchain ecosystem. Raj Dhamodharan, the head of crypto and blockchain at Mastercard, expressed the company’s vision for MTN as a foundational framework… дальше »

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Six Clovers rolls out Versal Network for cross-border payments

Fintech firm Six Clovers has introduced the Versal Network, a platform built on the Sui blockchain, to enhance the speed, security, and cost-effectiveness of cross-border payments. дальше »

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Slovakia Stands to Lose €30M Through Crypto Tax Cuts

Slovakia relaxes tax rules for cryptocurrency profits and payments below 2,400 euros.

The post Slovakia Stands to Lose €30M Through Crypto Tax Cuts appeared first on BeInCrypto.

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Developer Six Clovers Rolls Out Cross-Border Crypto Payments on Sui

Versal Network will allow companies to transact in stablecoins and central bank digital currencies. дальше »

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Binance loses euro banking Paysafe amid global regulatory scrutiny

Paysafe Payment Solutions, Binance’s European banking partner, said it would terminate support for Binance as it deals with regulatory challenges globally. Binance is reportedly searching for a new provider for euro deposits and withdrawals via the Single Euro Payments Area… дальше »

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Slovakia Parliament approves lowering of crypto taxes

The taxes will be lowered to 7% from the current taxation sliding scale of either 19% or 25%. Also, cryptocurrency payments of up to 2400 euros will not be taxed. Slovakia is one of the 27 member states of the European Union that recently adopted MiCA. дальше »

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Why Web3 Marketers Are Shifting Focus to Middle East, North Africa

The strategic shift of crypto Web3 marketers towards the MENA region is underpinned by growing digital payments, burgeoning crypto infrastructure, and the advent of Central Bank Digital Currencies (CBDCs), unlocking vast opportunities. дальше »

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European Commission aims for universal acceptance with digital euro proposal

With this move, the European Commission aims to open up the payments market controlled by banks, Visa and Mastercard.

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Bitfinex unveils peer-to-peer trading platform for Latin American markets

Bitfinex, a prominent digital asset trading platform, has announced the launch of a new peer-to-peer (P2P) platform, dubbed Bitfinex P2P. The platform, which will initially target markets in Venezuela, Argentina, and Colombia, enables customers to directly trade Bitcoin (BTC), Tether tokens (USDT and EURT), Tether Gold (XAUT), and Ethereum (ETH) while facilitating payments outside of […] The post Bitfinex unveils peer-to-peer trading platform for Latin American markets appeared first on CryptoSlate. дальше »

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Damus calls for Apple to adopt p2p payments amid AppStore removal

In the face of Apple AppStore removal, the team behind Damus, a popular social media app built on top of Nostr, definitely calls for Apple to adopt censorship-resistant, peer-to-peer payment systems, and pledges to continue supporting their platform on Android, Web, and desktop versions. дальше »

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Bybit’s MVP license in Dubai ‘very restricted,’ CEO says

Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services. дальше »

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Ljubljana: It’s a Beautiful Life in This Crypto Payments Hotbed

This unsung Central European success story features famous philosophers, a striking landscape and a high quality of life. And the No. 14 spot in CoinDesk’s Crypto Hubs 2023 has a crypto ecosystem that punches vastly above its weight. дальше »

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Australian banks claim 40% of scams ‘touch’ crypto as it defends restrictions

During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges. дальше »

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Binance Australia got 12 hours’ notice before it was debanked, exec says

Binance Australia head Ben Rose claimed the exchange got less than a day's warning from its payments partner before it was "cut off" from the local banking system in May. дальше »

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SNB prepares for launch of digital currency pilot program

The Swiss National Bank (SNB) is set to introduce a Central Bank Digital Currency (CBDC) for wholesale payments on the country's SIX Digital Exchange. дальше »

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Bomb threats targeting US retailers demand bitcoin payments, FBI involved

Law enforcement authorities in the US are intensifying efforts to investigate a series of bomb threats targeting major retail chains, with the culprits demanding payments in bitcoin, according to a WSJ report. дальше »

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JPMorgan Enables Euro Blockchain Payments With JPM Coin – Report

American investment bank JPMorgan Chase & Co has enabled Euro-denominated payments via the JPM Coin, the native currency for their blockchain. Thus expanding the use of one of the projects known to promote the application of blockchain technology in traditional banking. дальше »

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JP Morgan starts offering euro transfers with JPM Coin payment system

JP Morgan Chase has begun to allow clients to use its blockchain-based payment system for EU payments, Bloomberg reported June 23. That report indicates that JP Morgan began to offer JPM Coin for transactions denominated in euros for the first time on June 21. дальше »

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JPMorgan’s blockchain project expands to include euro-denominated payments

JPMorgan launched the JPM Coin, a live blockchain application aiming to provide an alternative payment rail running on blockchain, in 2019. JPM Coin is part of JPMorgan’s blockchain-based platform known as Onyx Coin Systems. дальше »

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JPMorgan bank deploys JPM Coin for euro-denominated payments

German conglomerate Siemens was reportedly the first company to process euro-denominated payments using JPM Coin.

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JPMorgan Expands Its Blockchain-Based Token to Euro Payments: Bloomberg

Since its inception in 2019, over $300 billion in transactions have been processed using JPM Coin. дальше »

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SAP opens testnet registration for cross border payments in stablecoins

The German enterprise software firm SAP has launched a preview of its Digital Currency Hub (DCH) system, enabling cross-border payments using USDC and EUROC. Issued by payment technology firm Circle, the USDC and EUROC stablecoins are pegged 1-to-1 with the dollar and euro. дальше »

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SEC Relinquishes $30M BlockFi Penalty Until Investors Are Repaid

The regulator agreed to forego the payment, owed as part of a settlement of charges against BlockFi, to maximize and speed up payments to investors. дальше »

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Tesla’s Official Website Launches A Dedicated Dogecoin Page

Tesla’s official website now includes a dedicated page for facilitating Dogecoin (DOGE) payments. This page is an information hub, providing insights into various aspects of DOGE transactions. дальше »

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Engaging the Masses: How Entertainment is Taking Web3 Mainstream

From creating rich NFT ecosystems to integrating crypto payments into existing models, entertainment giants, talent agencies and creative networks continue to find new ways to organically weave in Web3. дальше »

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Expert Analysis: IMF Documents And XC Platform Raise Concerns For XRP

The IMF has often recognized crypto assets, especially Ripple (XRP), as instruments facilitating cross-border payments and remittances. Reuters reported that the International Monetary Fund IMF plans to launch a platform to facilitate CBDC creations and transactions. дальше »

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Ripple secures in-principle payments license in Singapore

San Francisco-based blockchain firm Ripple has received in-principle regulatory approval from the Monetary Authority of Singapore (MAS) to operate in the country. дальше »

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