PYMNTS

AUGUST 3, 2020

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets.

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PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. This in the wake of the OCC’s Sept.

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PYMNTS

JANUARY 21, 2021

In other news, Pornhub added four more cryptocurrencies to the site’s payment options, The Block reported. The site now supports 16 cryptocurrency payment options, with the additions of XRP, USDC, BNB and DOGE, and the removal of privacy coins Dash and PumaPay, according to the report. and Singapore, The Block noted.

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PYMNTS

APRIL 23, 2020

Business payment and accounting solutions provider Gilded said that digital currency data provider CoinMarketCap has implemented its cryptocurrency payment technology, according to an announcement. Our solution puts digital currency payments and accounting on autopilot, so businesses can focus on innovation and growth.”.

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Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. You might also like this whitepaper, "Understanding cryptocurrency." Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. DOWNLOAD WHITEPAPER.

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South State Correspondent

JUNE 27, 2022

Set aside the noise of cryptocurrency for a second and focus on the potential of a new digital asset, or crypto, wallet. Semi-open digital wallets that work for a select group of retailers (more popular in other countries) or open wallets such as Apple, Samsung, Paypal, Google, and maybe even your bank.

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PYMNTS

JULY 1, 2020

lawyers will be allowed to accept cryptocurrency as payment, according to an opinion by the District of Columbia Bar. The ethics decision came down because of the increasing prominence of digital currency, with the District of Columbia Bar finding it “cannot hold back the tides of change.” Washington D.C.

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PYMNTS

JANUARY 26, 2021

Signal is exploring the idea of adding cryptocurrency payments into its messaging app by integrating MobileCoin , a cryptocurrency supported by the Stellar blockchain, Platformer reported. Signal CEO Moxie Marlinspike “played down,” the cryptocurrency developments, telling Platformer it was only some “design explorations.”.

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PYMNTS

SEPTEMBER 13, 2020

Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. In a joint statement Friday (Sept. The association declined to comment, Reuters reported.

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PYMNTS

OCTOBER 21, 2020

PayPal has announced that it is jumping into the wild world of cryptocurrency , making it possible for wallet holders to buy, sell and hold cryptocurrencies like bitcoin, ethereum, bitcoin cash and litecoin in their PayPal accounts. PayPal’s entrance into the arena is eye-catching largely owing to its size and scale.

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South State Correspondent

FEBRUARY 14, 2022

In this article, we discuss digital assets, officially known as “controllable electronic records” by the law, and glimpse into that future to make a case for why banks could be at the center of this next evolutionary change. The Basics of Digital Assets. The Digital Asset Explosion.

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PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. We're completely agnostic as to whether or not it's a fluctuating asset,” he noted.

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PYMNTS

JANUARY 28, 2021

Digital assets are no longer a futuristic pipe dream in modern economy. With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. We’re not just talking about the digitization of fiat,” he said.

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The Paypers

JULY 21, 2023

The Capital Markets Authority has prohibited the use of cryptocurrencies for payments, investments, and digital assets mining in Kuwait.

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PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Building The (Retail) Use Cases.

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PYMNTS

DECEMBER 15, 2020

BitPay , which is the world's largest provider of bitcoin and cryptocurrency services, has announced that mobile payments app Slide will now add cryptocurrency as a payment option, according to a press release. EURB, according to the release, is the first asset directly backed by a banking institution on Stellar.

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PYMNTS

NOVEMBER 10, 2020

PayPal is opening its network to allow consumers to shop using cryptocurrency. It is the rule of thumb, when it comes to secular change, that very few innovations come along to rapidly change the state of payments themselves. Cryptos are having a moment. Square bought $50 million of bitcoin. The Difference A Decade Makes .

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Perficient

DECEMBER 27, 2023

While the digital landscape continues to expand, another risk banks need to be wary of is scams. This particular scam involves criminals building trust with victims in digital relationships before persuading them to invest in cryptocurrency platforms, ultimately leading to financial losses.

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PYMNTS

MARCH 16, 2020

Select Starbucks mobile app customers are now seeing a payment choice of “Bakkt Cash,” CoinDesk reported. A spokesperson for Starbucks told the outlet, “We are currently conducting a limited test for our customers, using the Bakkt payment method. Customers can see Bakkt as an option but the test is only available at this time.”.

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PYMNTS

JUNE 29, 2020

The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s Last fall, the Libra Association petitioned the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned cryptocurrency.

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PYMNTS

JUNE 18, 2020

Crypto.com said it has signed on to the Open Payments Coalition with a “commitment to drive open payments globally,” according to an announcement. Users receive an ID that works throughout “any payment network to transfer any currency” with PayID. The site will put PayID into place on its infrastructure as its first effort.

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PYMNTS

JANUARY 6, 2020

Signature Bank and Prime Trust , two financial institutions with an emphasis on technology, are joining forces to enable real-time payments for institutional clients. Institutional clients of each bank will be able to make real-time payments to each other, they added. In a press release on Monday (Jan.

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PYMNTS

JANUARY 31, 2021

Ripple has responded to a lawsuit against it, saying that the Securities and Exchange Commission (SEC)'s opinion that its XRP cryptocurrency is a security is false, a filing says. The SEC contests that Ripple’s digital coin counts as a security and, as such, the SEC is allowed to regulate it. The move also “threatens U.S.

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Bobsguide

SEPTEMBER 12, 2022

Addition of USDC stablecoins for conversion from fiat currencies critical for Banks and Payment providers as web3 market evolves. London, 8th July 2022 – Banking Circle , the tech-first Payments Bank, is shifting the dial in the virtual assets market with a ground-breaking new service for Banks and Payments businesses.

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PYMNTS

DECEMBER 17, 2020

Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.

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PYMNTS

OCTOBER 1, 2018

Ripple, the cross-border payments company and backer of the XRP digital token, said Monday (Oct. 1) that xRapid, its cross-border payments platform, is commercially available with three firms signing on as clients. xRapid uses XRP to make faster cross-border payments. xRapid uses XRP to make faster cross-border payments.

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PYMNTS

DECEMBER 13, 2017

Online retailer eBay , following in the footsteps of Overstock.com, is contemplating allowing bitcoin as a payment method. In an interview with Yahoo Finance , Scott Cutler, SVP of eBay Americas, said the eCommerce retailer is “seriously considering” accepting bitcoin payments but noted the company is “not quite there yet.”

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PYMNTS

JULY 14, 2020

Blockchain firm Binance has launched the Binance Card in Europe, which lets users convert multiple cryptocurrencies to fiat to spend at more than 60 million retailers, according to an announcement. Binance said the card lets cryptocurrencies stay in their “native form” up to the time that a point-of-sale (POS) transaction takes place.

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PYMNTS

JANUARY 20, 2021

BitPay , which is the world’s largest bitcoin and cryptocurrency payment provider, has debuted WalletConnect , which will allow access to the decentralized finance (DeFi) space, according to a press release. The largest cryptocurrency saw its price fall around 8.4 WalletConnect will be integrated into the BitPay Wallet app.

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PYMNTS

NOVEMBER 20, 2018

Bitcoin’s use as a form of commercial payments has declined during the year, at the same time that the digital token appears to be stabilizing. It also comes as stability in bitcoin prices this year has fueled hope that it would take off as a payment method. A recent bitcoin bust continued Monday (Nov.

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PYMNTS

APRIL 21, 2020

The solution, by blockchain developer IOV Labs, is intended to speed up fiat payments, putting in end-to-end technology to make everything flow better. One of the main goals of the project is to show the other uses for blockchain beyond just cryptocurrency. Hack” to the admin for the project.

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PYMNTS

DECEMBER 30, 2020

At a time when 90 percent of Americans have never owned bitcoin and nearly 70 percent say they have no plans to do so in the future, the thought of widespread adoption and usage of cryptocurrency seems to be a distant prospect for most people. Treasury secretary will further catalyze the evolution and spendability of digital currency.

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PYMNTS

JULY 21, 2020

Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Even bitcoin is accepted by only a relative handful of digital retailers.

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PYMNTS

DECEMBER 11, 2018

Coinone, a South Korean-based platform for cryptocurrency exchange, has released a blockchain-powered remittance app called Cross, according to a report. It offers payment services for people who want to send money to Thailand and the Philippines. The remittance sector is a popular one for emerging markets, and firms are noticing.

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PYMNTS

DECEMBER 4, 2020

They convert their fiat currency into cryptocurrency, which middlemen in Cuba then bid on and pay for in cash to the sellers’ family members in Cuba. 3) that it completed a successful trial of Project Helvetia , which explored the feasibility of integrating a digital asset with a central bank currency.

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PYMNTS

MAY 3, 2019

Blockchain payments company Pundi X has announced plans to launch Open Platform, a tool to enable developers and businesses to create blockchain solutions. In a press release on Thursday (May 2), Pundi X said Open Platform will let developers and corporates list digital tokens, and create custom XPASS cards.

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PYMNTS

JUNE 20, 2019

Facebook ’s cryptocurrency initiative grabbed its share of attention this past week, of course. The business model of offering the digital wallet Calibra to back Libra, and tie it all to real assets (along with the Libra Association), shone the spotlight on crypto’s role in eCommerce. The merchant roster in the U.S.

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