Pay and dump? How businesses accepting crypto payments influence adoption

Cryptocurrency enthusiasts often argue that businesses need to start accepting crypto as payments for adoption to grow — boosting usability and potentially creating strong demand for these currencies.Some crypto communities often focus heavily on growing business adoption, with maps now co ...

Boba Guys, Shopify users showcase adoption of Web3 tools – Solana Breakpoint

Web3 tools powered by layer-1 blockchain Solana are driving tangible returns and delivering deep customer data insights, according to prominent mainstream brands and companies that attended Solana Breakpoint.The four day conference hosted in Amsterdam in 2023 attracted a wide variety of bu ...

Crypto remittances offer cheaper alternative, but still face challenges to adoption

As the cryptocurrency market moves sideways and amid a deepening stablecoin exodus, the sector remains a vital lifeline for many sending money to loved ones while dodging extremely high fees that can be life-changing over time.Cryptocurrency remittances have been seeing their adoption grow ...

CFPB examines Big Tech’s role in mobile payment systems ahead of rulemaking

Big businesses are able to act as “mini-governments” and impose their own rules on payment infrastructure, Rohit Chopra, chair of the United States Consumer Financial Protection Bureau (CFPB), said at a fintech conference hosted by the Philadelphia Federal Reserve Bank on Sept. 7. As ...

Visa taps into Solana to widen USDC payment capability

Global payments processor Visa has rolled out support for USD Coin (USDC) payments settled on the Solana blockchain as its stablecoin offering begins to expand.Visa revealed that it is carrying out live and completed pilots with issuers and acquirers, moving millions of USDC tokens between ...

Making real-world blockchain solutions possible — Solana co-founder Raj Gokal

Raj Gokal, co-founder of blockchain protocol Solana and chief operations officer of Solana Labs, started his career in venture capital with a focus on high-growth tech business. For seven years, Gokal focused on health tech, first with wearable sensors using Bluetooth Low Energy as a ...

South Korean central bank charts out future course of payment systems, CBDC

The South Korean central bank has published its 2022 Payment and Settlement Systems Report. Oversight of the systems was carried out successfully, the Bank of Korea's report said, and it is getting ready for a future with central bank digital currency (CBDC) and is discussing stablecoin regulatio ...

How to use Solana Saga to buy and sell crypto

Solana Saga, the Web3 mobile phoneSolana launched its Web3 mobile phone, the first of its kind, in April 2023. The phone packs all the usual functionalities users have come to expect from a smartphone and tops it up with a Web3 experience. It includes a decentralized application (DApp) store and ...

Digital Yuan Payment Acceptance Expands in Changsha, Generating Over $1.4 Billion in Transactions

The city administration of Changsha, located in Hunan province of China, has recently reported that in the first quarter of 2023, over 400,000 outlets began accepting the state digital currency as a form of payment. This has resulted in the total transaction volume with e-CNY in the city surpassi ...