Fintech News

APRIL 7, 2024

customers to utilise PayPal USD (PYUSD) , a stablecoin pegged to the U.S. dollars within their PayPal Cryptocurrency Hub and send it to recipients in about 160 countries without incurring Xoom ‘s transaction fees. Xoom, a subsidiary of PayPal specialising in cross-border money transfers, has enabled U.S. Enabling U.S.

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Cross-Border Stablecoins PayPal Cryptocurrency 96

The Fintech Times

APRIL 5, 2024

Ripple , the provider of enterprise blockchain and crypto solutions, plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will be 100 per cent backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. trillion by 2028.

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Stablecoins Use Case Blockchain On-Demand 64

The Fintech Times

AUGUST 7, 2024

Ripple , the blockchain and crypto solution provider, is partnering with the Dubai International Financial Centre’s (DIFC) Innovation Hub, to accelerate blockchain and digital assets innovation in the UAE. It also plans to provide financial, technical, and business support to developers.

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Blockchain Innovation Use Case Stablecoins 115

The Fintech Times

MAY 1, 2024

We will: Explore the biggest innovations over the past year in the cryptocurrency, stablecoin, blockchain and digital assets spheres. Dissect the common misconceptions between digital assets and cryptocurrencies and how they can be corrected. Explore which countries are leading the stablecoin race and why.

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Metaverse FinTech Stablecoins Blockchain 111

The Fintech Times

JUNE 19, 2024

The Central Bank of the United Arab Emirates (CBUAE) has approved new regulations for stablecoins, enabling it to integrate Dirham-backed digital currencies into its financial ecosystem. A new system has now been issued in the UAE which will license and oversee stablecoins, following approval by the board of directors at the CBUAE.

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CBDC Stablecoins Regulations Disputes 69

PYMNTS

AUGUST 21, 2020

More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency could be picking up some of the slack.” .

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Cryptocurrency Stablecoins Money Laundering Regulatory Compliance 139

PYMNTS

DECEMBER 9, 2020

Cryptocurrency platform startup Circle has overhauled its network to advance mainstream trading, while its stablecoin USDC has surpassed three billion in circulation, growing by nearly 500 percent in 2020. “At He said the public blockchain will take digital dollar stablecoins mainstream.

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Stablecoins Multi-Currency Digital Currency C2B 103

The Fintech Times

FEBRUARY 12, 2024

The Cambridge Centre for Alternative Finance (CCAF) has launched a new tool providing real-time data and educational resources on digital money with an initial focus on stablecoins. The stablecoin market has surged from less than $3billion in 2019 to more than $130billion in 2024.

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Stablecoins Use Case Caps Research 64

The Fintech Times

MAY 22, 2024

Our monthly focus now turns to the most well-known form of digital assets : cryptocurrencies. This convergence is seeing cryptocurrency increasingly making its mark in the real world, with financial giants like Fidelity and BlackRock showing interest and investment in the space. But what is keeping this momentum going? .

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Cryptocurrency Innovation Bitcoin Blockchain 78

Fintech Review

JULY 10, 2024

These platforms leverage blockchain technology to create open, accessible, and secure financial systems that operate without the need for intermediaries like banks. For example, in Sub-Saharan Africa, platforms like Acala Network and Terra are providing stablecoin solutions that offer much-needed stability amidst volatile local currencies.

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Finance Financial Inclusion Underserved Blockchain 97

PYMNTS

SEPTEMBER 17, 2020

Dapper Labs will be partnering with peer-to-peer firm Circle to help add payment methods for digital collectibles using credit and debit card payments to settle in the stablecoin USD Coin (USDC), according to a blog post from Circle. Up to now, paying for digital collectibles on blockchain relied on cryptocurrency payments.

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Stablecoins Blockchain Digital Currency Cryptocurrency 77

Fintech News

JULY 17, 2024

PEXX, a fintech startup focused on cryptocurrency and blockchain technology, has officially launched with US$4.5 This investment will support the development of PEXX ’s stablecoin-to-fiat payment platform, which aims to improve global currency transfers. million in seed funding.

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Stablecoins Cross-Border Ubiquitous Cryptocurrency 70

CoinRemitter

JUNE 26, 2024

The impact of blockchain technology is visible across various industries worldwide. Today, blockchain integration in business is not just a trend but a strategic move. Blockchain’s decentralized nature offers immense opportunities for businesses to streamline their operations and unlock new opportunities to increase their profits.

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Blockchain Central Bank Cryptocurrency Digital Currency 40

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. In a paper that debuted Tuesday (Nov.

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Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

CB Insights

SEPTEMBER 7, 2021

Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. For example, online exchanges are making cryptocurrency trading and investing more accessible to consumers. download our best of blockchain research. download our best of blockchain research.

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Blockchain NFTs Distributed Ledger Technology (DLT) Multi-Currency 101

PYMNTS

SEPTEMBER 18, 2019

17) about proposed cryptocurrencies like Facebook’s Libra and said Berlin would reject them, according to a report by Reuters. Speaking about stablecoins, which are cryptocurrencies backed by more traditional financial products, like fiat currency, securities or gold, Scholz said, “We cannot accept a parallel currency.

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Stablecoins Finance Cryptocurrency Central Bank 54

Clearly Payments

AUGUST 24, 2024

The adoption of blockchain technology has further revolutionized cross-border P2P transfers. Blockchain-based platforms, such as Ripple, have reduced the cost and time associated with international transfers. Cryptocurrencies: A Decade of Growth Cryptocurrencies, led by Bitcoin, have seen remarkable growth over the past decade.

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Debit Card P2P Cross-Border Central Bank 105

PYMNTS

AUGUST 9, 2020

South Korean highways could see blockchain-based toll booths before the end of the year, according to a report from Crypto News. KEB Hana Bank , one of the largest banks in the country, is going to work with the Korea Expressway Corporation on blockchain-based services. They still have to inform NYDFS before using the coin, though.

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Blockchain Stablecoins Bitcoin Scams 89

CoinRemitter

JULY 9, 2024

From efforts to boost oversight of stablecoin arrangements, to focus on the DeFi space, 2024 promises to be a year of crypto regulatory developments. This blog will look into the key regulatory trends anticipated in 2024, equipping active cryptocurrency users with the knowledge they need to navigate this evolving landscape.

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Stablecoins Financial Crimes Cryptocurrency Money Laundering 40

PYMNTS

JANUARY 21, 2021

Russia’s Sberbank could roll out its stablecoin as early as this spring after filing with the Bank of Russia to launch a blockchain platform, Cointelegraph reported. In other news, Pornhub added four more cryptocurrencies to the site’s payment options, The Block reported. and Singapore, The Block noted. Meanwhile, Nebraska Sen.

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Stablecoins Bitcoin Cryptocurrency Blockchain 56

PYMNTS

DECEMBER 21, 2018

Unnamed sources told Bloomberg that the company is at work on a stablecoin, which is a cryptocurrency tied to the value of the U.S. According to sources, the company isn’t yet close to making the coin available and is still developing its strategy, such as how to use custody assets to shield the stablecoin’s value.

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Blockchain Stablecoins Digital Currency Cryptocurrency 65

The Fintech Times

MAY 29, 2024

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). For citizens of these countries, cryptocurrencies can actually offer an alternative avenue for safeguarding assets during times of economic uncertainty.

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Digital Currency CBDC Cross-Border Payments Cross-Border 111

PYMNTS

DECEMBER 11, 2019

Blockchain payment service company Bitpay announced Tuesday (Dec. 10) the introduction of stablecoin payments for both users and merchants, according to a release. . The company will allow the use of three stablecoins: Circle’s USD Coin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX).

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PYMNTS

APRIL 21, 2020

The Central Bank of Argentina (BCRA) is trying out blockchain in a new clearing system, and the technology could eventually be used by other large banks, according to CoinDesk. 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.

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Central Bank Returns Blockchain Cryptocurrency 72

CB Insights

OCTOBER 29, 2020

This massive market, which includes a broad range of financial “plumbing” services, could be poised for a blockchain shake-up. But a growing number of companies want to employ distributed ledger technology (DLT) — which uses tech like blockchain to offer a simpler, streamlined way to verify transactions — to upend this status quo.

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Real Time Gross Settlement (RTGS) Blockchain Distributed Ledger Technology (DLT) Money Laundering 101

Fintech Finance

APRIL 19, 2024

Ivorypay , a leading blockchain-based payment and remittance startup in Africa has announced a strategic partnership with Tether , the company behind the world’s most widely used stablecoin, USDT.

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Cross-Border Stablecoins Blockchain Financial Inclusion 52

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. It will allow for instant money transfers on blockchain.

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Stablecoins Cross-Border Mobile Payments Bitcoin 68

PYMNTS

JULY 7, 2020

Regulators are taking in an interest in stablecoins, with the Financial Action Task Force (FATF) noting in a report the digital currencies need to adhere to norms to offer protection from the terrorism financing and money laundering, Bloomberg reported.

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Stablecoins Debit Card Regulations Blockchain 65

PYMNTS

MAY 15, 2019

Despite its gains, some people are skeptical because XRP does not run a decentralized blockchain, and that it allows the potential reversibility of transactions, according to Cryptovest. In other news, Samsung is planning to launch its blockchain technology onto its budget smartphone. “We

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Blockchain Bitcoin FDIC Stablecoins 76

Fintech News

MAY 16, 2024

The Philippines has been uncovered to be the leading country in Southeast Asia showcasing overall interest in degen crypto and small cap cryptocurrency tokens, according to an extensive recent update from crypto resource platform CoinGecko. of global interest in smaller market capitalisation crypto on onchain DEX trackers.”

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Caps Cryptocurrency Financial Inclusion Stablecoins 125

PYMNTS

MARCH 11, 2020

The alliance, a Libra competitor, provides an avenue for developers to create decentralized apps based on Celo blockchain technology as well as U.S. stablecoin. All of the steps — ranging from the loans’ organization to monthly payments from those who are borrowing money — are run on the blockchain of Figure, as cited in the report.

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Blockchain Stablecoins Rules Cross-Border 61

PYMNTS

AUGUST 24, 2020

Huawei has created a technology based on the blockchain to help the Beijing government more effectively monitor and supervise citizen information, CoinDesk reported. Moreover, the cloud services arm of Huawei has fueled the project with blockchain innovations like distributed ledgers.

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Blockchain Stablecoins Bitcoin Procedures 64

The Paypers

APRIL 18, 2019

(The Paypers) eToro ’s spinoff blockchain company eToroX has launched its crypto exchange, a regulated trading venue offering a range of cryptoassets, as well as a suite of stablecoins.

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Stablecoins Cryptocurrency Blockchain Regulations 28

PYMNTS

JULY 9, 2020

Authorities in China have confiscated bitcoin, ether and tether worth more than $15 million and luxury cars from those who allegedly ran a purported cryptocurrency scheme, CoinDesk reported. Police in a Chinese city had reportedly taken 10 suspects into custody.

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Law Enforcement Stablecoins Laws Addressing 64

CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Submit your application here before November 25.

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Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Blockchain Money Laundering 98

PYMNTS

OCTOBER 4, 2019

At a G20 meeting in the middle of October, European Union finance ministers will reportedly tell their counterparts that a worldwide regulatory response is needed to so-called stablecoins like Facebook’s Libra. Libra — a blockchain-backed cryptocurrency — aims to connect the 1.7 The EU will tell G20 partners at an Oct.

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Stablecoins Finance Multi-Currency Digital Currency 46

Payments Source

JANUARY 2, 2020

Stablecoins, with their instant settlement and high liquidity, averts the issues that have long plagued cross-border transactions.

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Stablecoins Cross-Border Settlement Transactions 81