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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PYMNTS

JULY 26, 2020

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. The new banking options are largely built around blockchain technologies.

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Clearly Payments

AUGUST 24, 2024

According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023. Digital cash, whether in the form of cryptocurrencies or central bank digital currencies (CBDCs) , promises to redefine the future of money.

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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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Payments Source

MARCH 29, 2021

said its payments network will use a stablecoin backed by the U.S. dollar to settle transactions, as blockchain technology gains more acceptance in the established financial system. ]].

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PYMNTS

SEPTEMBER 16, 2019

Global central bank officials met with leaders from both Facebook’s Libra Association and JPMorgan to discuss policies and regulation around new cryptocurrencies, the Bank for International Settlements (BIS) said in a press release on Monday (Sept. The BIS is an umbrella organization for the world’s largest central banks.

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Fintech News

DECEMBER 4, 2023

Australian cryptocurrency exchange Independent Reserve has forged a new partnership with RelayPay, a digital currency payments platform. This collaboration aims to facilitate cryptocurrency transactions for Independent Reserve’s business clients in Australia and New Zealand.

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The Fintech Times

FEBRUARY 27, 2024

For businesses, A2A payments promise higher conversion rates, reduced transaction costs, and real-time settlement. Looking at stablecoins and CBDCs, he says: “The next big trends in payments will be the growing, global use of USDT, USDC, and other stablecoins. Payment choice is driving innovation and efficiencies.”

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PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. 21) press release. Acting Comptroller of the Currency Brian P.

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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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PYMNTS

FEBRUARY 28, 2020

The BoE has warned about Facebook’s proposed cryptocurrency Libra , as well as other digital coins, and how they must be carefully considered before being approved. Many central banks around the globe are wrestling with the implications of digital currencies and how they will affect a country’s financial health.

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The Fintech Times

MAY 4, 2024

Bitcoin was in its relative nascency when Stripe originally looked to get involved in cryptocurrency. Cryptocurrency, specifically Bitcoin, was being treated as an ‘asset’ rather than a currency to make payments with. It is back offering USDC stablecoin payments on Ethereum, Solana and Polygon.

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BitPay

MAY 25, 2023

A growing number of businesses have begun accepting cryptocurrency payments to meet the demands of their crypto-using customers. Fortunately, today it’s easier than ever for B2B businesses to start taking cryptocurrency in exchange for their goods and services, with no crypto knowledge required and no complicated integrations.

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PYMNTS

JULY 6, 2018

MakerDAO, which has a stablecoin called Dai, said the token is being tested with the Tradeshift Cash solution, CoinDesk reported. With the effort, a small business could have the opportunity to change an invoice into the Dai stablecoin. The coin would be offered at a discount, and a crypto investor could purchase the token.

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CB Insights

SEPTEMBER 7, 2021

For example, online exchanges are making cryptocurrency trading and investing more accessible to consumers. For example, Paxos (over $500M in total funding) offers a crypto asset custodial service, brokerage, exchange, and equities settlement for institutions. Helium Systems developed the People’s Network and the HNT cryptocurrency.

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PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

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PYMNTS

JULY 14, 2020

The move by the Bank for International Settlements (BIS) comes as Facebook gears up to launch a cryptocurrency, Libra. For its part, the European Union (EU) is preparing to update its cryptocurrency rules , which could cause difficulties for stablecoin projects, such as Facebook’s proposed Libra.

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CB Insights

OCTOBER 29, 2020

Pioneers in this space aim to create streamlined and more transparent capital markets infrastructure by developing services like asset tokenization (using DLT to prove ownership of securities), settlement services, compliance solutions, and more. One such company is Paxos, which offers custody, payment, and clearing & settlement services.

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CB Insights

MAY 3, 2021

New York-based Paxos is a blockchain infrastructure platform that provides cryptocurrency services, like crypto trading and settlement or custody, to enterprises. The company offers a variety of products, like crypto brokerage APIs, settlement services, a cryptocurrency exchange named itBit, and stablecoins.

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PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

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PYMNTS

JULY 14, 2020

The move by the Bank for International Settlements (BIS) comes as Facebook gears up to launch a cryptocurrency, Libra. For its part, the European Union (EU) is preparing to update its cryptocurrency rules , which could cause difficulties for stablecoin projects, such as Facebook’s proposed Libra.

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PYMNTS

OCTOBER 22, 2020

And the Solana blockchain has become an official chain for USDC, which continues the growth of USDC as an open standard and protocol for fiat cryptocurrency on blockchains, according to an announcement from Centre. USDC for Solana is currently available on the Solana Mainnet.

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PYMNTS

AUGUST 3, 2020

Morgan’s initiatives in cryptocurrency and stablecoin technology have ramped up in recent months, for instance. One of the biggest disruptions of the payments ecosystem as a result of the growing traction of digital assets and the ubiquity of real-time settlement will be felt by corporate treasurers, Long predicted.

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PYMNTS

FEBRUARY 15, 2019

Named the JPM Coin, the blockchain-based cryptocurrency is designed to enable “the instantaneous transfer of payments between institutional accounts,” according to the company’s blog post. dollars, reducing the typical settlement time,” the blog explained. The JPM Coin, as mentioned, is not the only stablecoin on the market.

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PYMNTS

MARCH 19, 2019

dollar token that’s fully backed by funds on deposit with a qualified SEC custodian, as well as other digital currencies, to facilitate settlement. As a financial institution, we’re in a unique position to innovate when it comes to enabling instant settlement for payments,” Stronghold CEO and co-founder Tammy Camp said in a press release. “As

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PYMNTS

MAY 27, 2020

As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC). The synthetic offering would be created as a stablecoin for public use, which in turn is backed by central bank reserves.

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Fintech News

JANUARY 9, 2024

Cryptocurrencies Market Resurgence The resurgence in cryptocurrency prices and the anticipated halving of Bitcoin in mid-2024 has reignited interest in the potential of distributed ledger technology to reshape the financial landscape. It remains to be seen how the industry will evolve and address these challenges in 2024.

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PYMNTS

JUNE 10, 2020

Maxwell Opoku-Afari, the bank’s first deputy governor, reportedly said during a digital workshop that the bank remains steadfast in facilitating innovation and piloting ideas like a central bank cryptocurrency. Ghana’s central bank has changed its organizational framework over time because of the payment space’s ever-changing nature.

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CB Insights

NOVEMBER 5, 2020

Payments: This category includes companies working on tech like payment currencies, stablecoins (cryptocurrency pegged to the value of a non-volatile asset like the dollar), and real-time gross settlement (RTGS) systems that can enable transactions within a DLT-based capital markets framework.

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PYMNTS

DECEMBER 10, 2019

Facebook’s upcoming launch of the global stablecoin Libra triggered adverse reactions worldwide, but it was also a catalyst to discussions about digital currency and other schemes that bypass the established financial structure. It has asserted that tech ingenuity is changing the landscape of retail payments. .

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Clearly Payments

FEBRUARY 14, 2024

billion by 2027 , reflecting the indispensable role of these technical maestros in managing transaction authorization and settlement. Payment Processors: These companies handle transaction authorization and settlement, ensuring smooth data exchange. Furthermore, global payment volume reached a staggering $31.7

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PYMNTS

SEPTEMBER 19, 2019

And against that backdrop comes … a new settlement coin. And for the settlements, consider these stablecoins as traveling finite territory in the most recently defined uses cases – as in, intrabank. Settlement Coins, Coin of (Part) of Banking Realm. Wells Fargo said Wednesday (Sept. Also on Wednesday (Sept.

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The Fintech Times

JULY 15, 2024

In this article, Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi from KARM Legal Consultants , the emerging technologies-focused law firm, provide an in-depth analysis of the UAE’s regulatory landscape for stablecoins. Additionally, stablecoins are increasingly being explored for use in payments due to their stability and efficiency.

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Fintech News

FEBRUARY 26, 2024

The Bank of International Settlements reported that over the past decade and a half, fintechs have collectively raised over US$1 trillion in equity globally since 2010. Source: The Future of Global Fintech: Towards Resilient and Inclusive Growth. But the noticeable decline in fintech investment — halved from US$140.8

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PYMNTS

NOVEMBER 7, 2019

Settlement between hotel suppliers and travel partners can be a complex, time consuming and ultimately costly process. Hong Kong’s chief securities regulator is calling on the world regulators to get on the same page when it comes to Facebook’s Libra to avoid the “real risk of regulatory arbitrage.”. “If

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Fintech News

JANUARY 24, 2024

On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends and industries like digital assets and cryptocurrencies.

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CB Insights

MAY 8, 2018

While the prices of cryptocurrencies and cryptoassets have fallen from their 2017 peaks, equity investment into blockchain startups is on pace to hit all-time highs in 2018. In still other cases, accredited investors buy tokens via cryptocurrency purchase agreements. The encrypted messaging service raised $1.7B End of story.”

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