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European Central Bank Shows It’s Serious About Enabling Digital Euro Offline Use
11.1.2024
The central bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on enabling offline payments for a digital euro
Fiat-Crypto Payment Firm Alchemy Pay Adds BINs for Crypto Card
10.1.2024
Source: Alchemy Pay Alchemy Pay, a Singapore-based crypto payment gateway has added new Bank Identification Numbers (BINs) for its crypto card. The feature will be available for users in Hong Kong. According to a Tuesday release, the new BIN will start with the first 6 digits – “515783,”...
AsiaPay Partners with BLOX to Explore Crypto Payment Solutions in Malaysia
10.1.2024
Source: Pixabay / Michael Wuensch Digital payment company AsiaPay has partnered with BLOX, a Malaysian web3 firm, to explore payment solutions around digital assets in the country. In a Jan 10 press release, the firm explained the need to look into other payment options as more sectors emerge...
BitGo Gains In-Principle Approval from Authority to Operate in Singapore
10.1.2024
Source: Pixabay / sasint BitGo has recently been granted in-principle approval from Singapore’s Monetary Authority of Singapore (MAS) for a Major Payment Institution license. According to a social media post published by the established American digital asset custody firm, BitGo is one step...
BitPay Enables Gucci, Movie Ticket, and Mortgage Purchases with BNB, Chainlink
9.1.2024
Source: Kanchanara on Unsplash BitPay, the world’s leading Bitcoin and cryptocurrency payment service, has unveiled an enhanced payment experience for its crypto customers, which is set to roll out this week. According to a blog post released on January 9, Bitpay will support dozens of...
Blockchain Association Rebuffs CFPB’s Proposal on Payment Apps and Digital Assets
9.1.2024
In a detailed critique, the Blockchain Association counters the CFPB’s latest proposal to oversee digital consumer payment applications, citing legal and jurisdictional overreaches in the bureau’s approach to cryptocurrencies and digital assets. CFPB Faces Criticism from Blockchain...
Bank of Spain Announces Partners for Wholesale CBDC Trials
9.1.2024
The Bank of Spain has announced that Adhara, a treasury and transactions payment platform, and a consortium formed by Cecabank and Abanca, two private banks, will be its partners in the development of several upcoming wholesale central bank digital currency (CBDC) trials, which will be complete...
Visa Adopts Web3 Tech for Its New Loyalty Engagement Solution
9.1.2024
Visa, a worldwide leader in credit payment technology, has announced that it will include Web3 elements in its customized loyalty program solution. The company partnered with Smartmedia Technologies, a Web3 loyalty rewards startup, to add innovative features to these programs that include virtual...
CoinsPaid Faces Second Security Breach in Six Months, Unauthorized Transactions Totaling $7.5 Million Detected
8.1.2024
Source: AdobeStock / Sergey Nivens The Estonian payment processor for digital assets, CoinsPaid, has suffered its second security breach in the last six months, with unauthorized transactions totaling almost $7.5 million, web3 security firm Cyvers reported. Cyvers’ artificial intelligence...
Upbit Secures Major Payment Institution License from Monetary Authority of Singapore
8.1.2024
Source: Upbit South Korea’s leading crypto exchange Upbit’s subsidiary Upbit Singapore announced that it has received a Major Payment Institution License from the Monetary Authority of Singapore. This accomplishment follows the previously announced in-principle approval (IPA) in October 2023, under...
Consortium of Nigerian Banks and Fintechs Cleared to Pilot Stablecoin
7.1.2024
The Nigerian central bank has given its go-ahead for the Africa Stablecoin Consortium (ASC) to pilot its cNGN stablecoin initiative in the financial regulator’s regulatory sandbox. The ASC asserts that the cNGN stablecoin can prove to be vital not only for the country’s payment rails but...
Visa Unveils Web3 Loyalty Program
4.1.2024
Visa announced a web3-based loyalty program for its customers Thursday in the hopes of creating an immersive,valued-added experience for its users. “Seamless and immersive digital real-world experiences” According to a press release from the payment services company, the newly launched service...
The Big List: Retail Revolution with Cryptocurrency – Retailers Embracing Digital Payments
4.1.2024
Microsoft Office / Source: Adobe There are many retailers accepting cryptocurrency as a form of payment and realizing how important it is to attract and tap into a more tech-savvy client base. Some would argue that the end of fiat currencies is nigh, and eventually, fiat will be replaced by digital...
Global payment solutions are better with blockchain
3.1.2024
Ripple has hailed the way in which blockchain can be leveraged to settle international transactions. It has been said that IT service businesses will largely feel the positive impact. Per an estimate by Ripple, worldwide spending on IT services is expected to touch $1.5 trillion this year....
Mt. Gox Creditors Report Double Payments in Settlement Funds; Exchange Seeks Remediation
27.12.2023
Source: AdobeStock / 24K-Production Mt. Gox, the once-dominant cryptocurrency exchange that famously collapsed in 2014, has recently encountered a new hurdle in its efforts to repay creditors. Reddit users are now reporting a payment error stemming from what the exchange describes as...
eTukTuk Boosts Drivers’ Income by Up to 400% – What’s in it for Investors?
23.12.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. eTukTuk is a holistic EV (electric vehicles) ecosystem designed specifically for developing economies. In addition to three-wheeler taxis that run on electricity, it consists of a blockchain...
New Argentina President Legalizes All Foreign Currencies For Payment – Including Bitcoin
22.12.2023
Source: Alexey Novikov / Adobe Argentina’s newly elected leader, Javier Miliei, has struck down forced legal tender laws forcing Argentinians to settle debt obligations in specific currencies, enabling use of alternatives like USD and Bitcoin (BTC). The rule comes attached to a sweeping executive...
Crypto Payment Provider Alchemy Partners Payment Processor Worldpay
22.12.2023
The fiat-crypto payment gateway Alchemy Pay recently revealed that it has partnered with Worldpay in a move that gives its users to access Worldpay’s Visa and Mastercard payment rails via its on and off-ramp service. Alchemy said its users will now experience better efficiency and customer...
GameSwift Introduces GS Pay To Bridge The Gap Between Web2 and Web3 Payments
19.12.2023
PRESS RELEASE. The GameSwift team is proud to introduce GS Pay, a revolutionary payment system and bank card that seamlessly converts in-game treasures into real money, unlocking a world where gaming fuels real-life purchases. As the gaming sector continues its exponential growth, the lines between...
Mirax Casino Review, Bonuses & Promo Codes 2023
19.12.2023
Our Mirax Casino review will cover the many games, providers, promotions, and payment methods available to members. They call themselves a “futuristic carnival” of slot games. Though we may never know what that means, we’re sure some of our readers will understand the allusion as we aim to divulge...