payments

The Singaporean crypto-fiat payment gateway, Alchemy Pay, announced a further expansion into the United States market on Nov. 23 with the acquisition of its money services license in the state of Iowa. According to local state regulations, any entity or individual engaged in currency ...

As decentralized finance grows in popularity, many wonder what the future holds for traditional finance (TradFi). In episode 37 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw talks to Sarah Clark, the CEO of E-Gates, about how TradFi plans to compete and collaborate with the W ...

Ferrari’s decision to allow U.S. residents to buy its cars in exchange for cryptocurrencies like Bitcoin (BTC) has become one of the biggest market wins in 2023, according to the CEO of the Bitcoin ATM operator CoinFlip.Ferrari has been aware of the growing demand from clients for alternat ...

A Ripple executive has re-emphasized the need to adopt a technology-neutral approach for more effective and adaptable guardrails as global regulators grapple with cryptocurrency rules.At the recent Ripple Swell 2023 event, Navin Gupta, managing director of South Asia, Middle East and North ...

Multinational banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its private blockchain platform JPM Coin.Naveen Mallela, who heads up JP Morgan’s bank-led blockchain platform Onyx, shared details of the new functionality on LinkedIn via an initi ...

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 ...

The United States Consumer Financial Protection Bureau (CFPB) has proposed a rule to allow it to supervise large non-bank digital wallet and app providers. The rule is part of a larger move by the agency that has seen it extend its supervision to consumer reporting, consumer debt collection, stud ...

Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the intersection of traditional finance and Web3.Executives from OpenPayd, Ramp Network and Damex unpack ...

Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the intersection of traditional finance and Web3.Executives from OpenPayd, Ramp Network and Damex unpack ...

Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s payment systems suffered an outage on Nov. 3.The Federal Reserve said the bug was caused by a "processing issue" in the Automated Clearing House — a payment ...

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 ...

Web3 has been gaining ground in mainstream industries with the rise of Web3 business models based around nonfungible tokens (NFTs), blockchain technology and crypto. But it’s still an open question whether it’s actually improving mainstream industry and products. According ...

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 ...

Global payment giant PayPal has received approval from the Financial Conduct Authority (FCA) to offer crypto services in the United Kingdom.According to official FCA data, PayPal has been registered to offer “certain crypto asset activities” in the U.K. since Oct. 31, 2023.According ...

Elon Musk’s social media platform, X (formerly Twitter), is worth less than half of what the tech billionaire bought it for in October last year, an internal memo has reportedly revealed.According to an Oct. 30 report from Bloomberg, the internal memo and sources familiar with the ma ...

The United Kingdom’s government is in danger of regulating nonfungible tokens (NFTs) in a way that doesn’t suit the true nature of the nascent technology, says Mintable CEO and founder Zach Burks.  In an interview with Cointelegraph, Burks said he believes a recent re ...

Global payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay.MoonPay officially announced on Oct. 25 a partnership with Mastercard aiming to jointly explore how Web3 tools can improve experiential marketing, or ...

Binance Visa debit card services will close down in the European Economic Area (EEA) on December 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance accounts will be unaffected.According to a Binance letter to customers posted online, the Binance card issuer ...

Cryptocurrencies offer several advantages to traditional money, including lower costs, faster transfers, and decentralized systems that do not collapse at a single point of failure. Despite these benefits, many people don’t consider digital currencies practical for everyday use. Moreover, ...

Major automobile manufacturer Honda does not accept cryptocurrency payments directly but one can use cryptocurrencies like Bitcoin (BTC) to buy a Honda car through a third party.In early October, several publications mistakenly reported that Honda started accepting cryptocurrency as paymen ...

Alchemy Pay, a cryptocurrency payment gateway, is expanding its global presence with the acquisition of a major payment license in the United States. The company has successfully secured a Money Transmitter License in the state of Arkansas, according to an announcement made to Cointelegraph on Se ...

The Monetary Authority of Singapore (MAS) has said that no businesses have qualified to participate in the FinTech Regulatory Sandbox framework as cryptocurrency payment providers. Responding to a letter criticizing the Singaporean government’s lack of public consultation and oversigh ...

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 ...

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 ...

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 ...

Bulgarian decentralized lending platform Nexo has unveiled a crypto-powered debit and credit Mastercard for citizens of the European Economic Area (EEA).According to the Aug. 31 announcement, the Nexo Card will allow users to spend their euro, U.S. dollar, and British pound stablecoins via ...

Rhode Island’s regulators have granted X (Twitter) a currency transmitter license marking a step forward for the company’s foray into the financial services sector. The license is legally required for companies conducting financial activities on behalf of users related to sending and ...

Discussions around ways to shorten local settlement cycles within the next five years have got most securities firms eyeing local central bank digital currencies (CBDCs). CitiBank’s latest edition of the Securities Services Evolution whitepaper highlighted India’s recent move to T+1 settlements, ...

Australia’s central bank has completed its pilot of a central bank digital currency exploring use cases for a potential digital dollar, finding it useful in four main areas, including enabling complex payments and asset tokenization. The Reserve Bank of Australia and the Digital Finance Coope ...

Cryptocurrency exchange Bybit said it is ready to open spot trading with the PayPal USD (PYUSD) stablecoin in the near future. According to the exchange's statement, users can already make deposits in PYUSD, and the issue of listing the steiblcoin is already being addressed. Deposits and withd ...

Crypto app developers hoping for a loosening of Apple’s App Store rules will have to wait longer after a United States Supreme Court held off on granting a request to let apps direct users to payments outside of Apple’s ecosystem.An Aug. 9 decision from Justice Elena Kagan decl ...

In the most recent episode of The Market Report, analyst and writer Marcel Pechman delves into the topic of crypto exchange Binance’s proof-of-reserves. This report reveals a significant decline in USD Coin (USDC) balances, plummeting from $3.4 billion on March 1 to a mere $23.9 million by May 1. ...

PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community. ...

Blockchain has the potential to save financial institutions approximately $10 billion in cross-border payment costs by the year 2030, according to a recent report.Published by digital payment network Ripple, in collaboration with the US Faster Payments Council (FPC) on July 29, the report ...

Cryptocurrency payments platform CoinsPaid has pointed the finger at North Korean state-backed Lazarus Group as being behind the hacking of its internal systems, which allowed them to steal $37.3 million on July 22.“We suspect Lazarus Group, one of the most powerful hacker organisati ...

A subtle change in Elon Musk’s Twitter bio after his platform’s rebrand to “X” has again fanned the flames of speculation that Dogecoin (DOGE) may have a future on the platform.On July 25, eagle-eyed Twitter (now X) users began pointing out that Elon Musk’s pr ...

XRP's price booked an incredible 100% gain on the same day as the landmark ruling in the XRP securities case, but buyers are now struggling to hold on to these gains. The price surge came after Judge Analisa Torres of the United States District Court for the Southern District of New Y ...

Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding.The Spring Development Bank is named after the Spring Revolution, the opposition ...

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 ...

Although the crypto market is growing and evolving, and market players boast various clever payment solutions, there is still ample room for improvement toward broader Web3 adoption. Until last year, decentralized finance (DeFi) constituted a relatively small part of th ...

In today’s fast-paced digital world, speed and convenience are paramount when it comes to online transactions. Whether you run an e-commerce business or simply want to make swift payments online, having a reliable payment gateway that ensures seamless and speedy transactions, including support fo ...

Bitcoin (BTC) Lightning Network development firm Lightning Labs unveiled a new set of tools for artificial intelligence to send and receive BTC on the network’s layer-2 solution.On July 6, Lightning Labs announced the toolkit which helps enable AI applications such as OpenAI’s ...

With crypto gas prices dropping to lows after numerous recent innovations in scaling and interoperability across different chains, we can more vividly imagine a possible shift toward widespread crypto payments.Crypto payments at scale are currently prevented by regulation, lack of u ...

Fabio Panetta, an executive board member of the European Central Bank (ECB), has suggested a dark future for cryptocurrencies, in which the digital assets may be used for little more than gambling among investors.In written remarks for a panel at the Bank for International Settlements Annu ...

After a grand opening in March, Australian fast-food diner Shiba Wings has seen plenty of customers walking through the doors for their fried delectables. Their appetite, however, hasn’t translated to crypto payments.The Shiba Inu (SHIB) themed diner first opened its door ...

San-Francisco-based crypto payments firm Wyre is shutting down after almost 10 years in business, citing the financial challenges of the bear market, and not anything to do with any hawkish “regulatory agency direction” in the United States. In a June 16 blog post, the firm sta ...

Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.An M ...

Circle announced that its Euro Coin Stablecoin (EUROC), pegged to the euro, is supported by the Avalanche ecosystem. This will allow any transactions with EUROC between the Avalanche and Etherium networks. EUROC Stablecoin appeared ...

Binance's top executive announced that the exchange's customers and partners have increased their use of Binance Pay for money transfers, payments for goods and services. According to Pakning Luk, head of regional business development at Binance, the payment division of t ...

High inflation has led to protests in Lebanon and is forcing citizens to seek alternative livelihood tools. The state of the economy and the failure of state support programs are to blame. In a number of cities, the effects of the financial crisis have led to riots and lo ...

Federal Reserve Bank of Minneapolis President Neel Kashkari has spoken out strongly against central bank digital currencies, questioning whether they can improve the speed and efficiency of payments. Neel Kashkari noted that the topic of launching a digital dollar has recen ...

The Director of Financial Technology Development at the Bank of England said that the digital pound is being created to preserve user privacy but will not be anonymous. Tom Mutton, speaking at the Financial Times conference on digital assets, assured that the central bank h ...

This API is for BTC and USD payments It sends transfers directly to dollar bank accounts Payment service Strike has added new APIs that make dollar and BTC payments over the Lightning network easier and faster. "Strike APIs can ...

The Litecoin Foundation has recently announced via Twitter that the US Litecoin VISA cardholders will soon be unable to use their bank cards for payments. The reason behind this decision is due to the termination of partner support, and the banking partner of MCBankNY has decided to stop supporti ...

The mischievous pranksters decided to play a prank on Christine Lagarde, the President of the European Central Bank (ECB), by conducting an interview with her on behalf of the Ukrainian President Volodymyr Zelensky. During the interview, Lagarde made a controversial statement suggesting that the ...

Burger King, the fast food restaurant chain, has taken a bold step towards cryptocurrency adoption by installing Instpower external battery rental machines at its Paris locations. The machines allow customers to make payments using cryptocurrency, and are linked to the Alchemy Pay and Binance Pay ...

Mastercard has unveiled a new partnership with Stables, an Australian stablecoin platform, that will enable users to pay directly with stablecoins through a new Mastercard. The card will be linked to the Stables wallet, which exclusively supports stablecoins, and can be used at any retail locatio ...

It seems that FTX, a cryptocurrency exchange, has been involved in a scandal in which its founders and key employees received large sums of money, mostly from a subsidiary of Alameda Research. The total amount received was $3.2 billion, with $2.2 billion going to FTX creator Sam Bankman-Fried. ...