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Exploring Digital Currencies Across the Middle East and Africa in 2024

The Fintech Times

The idea that digital assets are exclusively some form of currency has been slowly dispelled, as new use cases emerge and are rapidly adopted across the globe. But digital currencies are far from irrelevant. per cent of its population engage with it.

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PayPal Stablecoin (PYUSD) Made Available on Solana Blockchain

The Fintech Times

PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event. ” The simplified experience of PayPal and Venmo wallets shows PYUSD as a unified balance regardless of the blockchain. .”

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Singapore Based WadzChain Launches Hybrid Blockchain to Simplify Global Payments for Businesses

Fintech Finance

WadzChain Network, a global leader in innovative blockchain technology, announced today the launch of one of the world’s first hybrid blockchains intending to transform global payments for businesses. The blockchain is perfect for diverse businesses and use cases, from small startups to large enterprises.

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Xalts Integrates Polygon Within Tokenisation Platform to Speed up Enterprise Adoption of Blockchain

The Fintech Times

Xalts , a fintech firm providing real-time connectivity between financial services and businesses, is joining forces with Polygon , to bring its real-world asset tokenisation platform, RWA Cloud, to Polygon’s blockchain network. “We look forward to accelerating the adoption of RWA tokenisation by enterprises.”

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The growing impact of Web3 in financial services

The Payments Association

Web3 is transforming finance with blockchain, digital assets, and smart contracts, paving the way for a decentralised future. The signals of this steadily emerging new reality are all around us. N ine out of ten central banks worldwide are actively exploring central bank digital currencies (CBDCs).

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B2B Use Cases Drive Up Real-Time Demand

PYMNTS

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. Plus, blockchain projects move closer to launch in the U.S.

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Universal Digital Payments Network (UDPN) and FORUS Digital Announce Strategic Cooperation to Advance Financial Innovation in Africa

Fintech Finance

Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries. Together, we are equipping Africa with the tools to embrace blockchain-powered tokenisation and drive sustainable development.”