Payments - Tag Archives - Cryptonews (Page 24)

Binance Expects Up to USD 1B In Profits This Year + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Binance expects to have profits of USD 800m to USD 1bn this year, up from about USD 570m last year, Bloomberg reported, citing...

, by Sead Fadilpašić

Visa Makes Stablecoin Push With Circle’s USDC

Leading payments card company Visa is making a push into the red-hot stablecoin segment and has chosen USD Coin (USDC) for the job. Visa has paved the way for blockchain startup Circle’s Ethereum-based USDC to join its mega payments network, which reaches tens of millions of merchants and...

, by Gerelyn Terzo

Bitcoin Rewards “Farming” Is Coming

As US-based major crypto lending and trading company BlockFi just announced another bitcoin (BTC) rewards card, it seems that BTC spenders might be able to “farm” their rewards by combining already existing solutions. Somewhat, it would be similar to what DeFi yield farmers are already...

, by Gerelyn Terzo

ECB Exec: Sovereign Money Needs To Be Reinvented

Speech by Fabio Panetta, Member of the Executive Board of the European Central Bank (ECB), at the Deutsche Bundesbank conference on the "Future of Payments in Europe." Frankfurt am Main, 27 November 2020. ______Retail payments play a fundamental role in our daily lives and for the economy. Last...

, by Fabio Panetta

Venezuelan Retailing Heavyweight Starts Accepting Bitcoin, Altcoins

Rattan, a popular shopping outlet in Venezuela, has become the latest retailer in the country to announce it will start accepting payments in bitcoin (BTC) and a number of altcoins.Per a tweet from media outlet Criptolugares that was reposted by crypto exchange Cryptobuyer, the trading platform has...

, by Tim Alper

Nexo To Launch New Services, Eyes Decentralization As It Aims To Become A Bank

By the end of this year, major crypto lender Nexo (NEXO) aims to launch an internal exchange, while they're also working on prime brokerage and commercial banking capabilities as the company aims to become “a full-fledged bank,” Antoni Trenchev, Co-Founder and Managing Partner of Nexo,...

, by Sead Fadilpašić

BitPay Launches Mass Payout Service For Companies That Don’t Own Crypto

Major crypto payment processor BitPay has announced the launch of BitPay Send, a new mass payout service that allows organizations to pay their employees, affiliates, customers, vendors, contractors, and others with cryptocurrency. The development could help the company reach out to businesses that...

, by Jaroslaw Adamowski

South Korean SME Minister Sings Praises of Blockchain-powered Payments

A South Korean minister has been championing blockchain-powered payments, claiming they have the power to transform the business landscape for smaller businesses in the country.Per News1, the comment came from the country’s Minister of Small and Medium Enterprises and Startups Park Young-sun,...

, by Tim Alper

‘The Most Crucial Question’ on Digital Dollar According to Fed

Economists at the Federal Reserve, the United States’ central bank, have concluded that research into central bank digital currencies (CBDCs) fails to show that CBDCs are a silver bullet, leaving “many questions” to be answered – another hint that the Fed will not be rushed...

, by Tim Alper

Mitsubishi UFJ to Launch Blockchain-powered Payment Platform in 2021

Japanese financial giant the Mitsubishi UFJ Financial Group (MUFG) aims to launch a blockchain technology-based payment service in spring 2021, along with American cloud and network firm Akamai Technologies.Akamai is based in Cambridge, Massachusetts, and, per Nikkei, the new platform will provide...

, by Tim Alper

Japanese Billionaire and Crypto Exchange CTO to Launch Fintech Venture

The chief technical officer (CTO) of Japanese crypto exchange DeCurret has teamed up with Yusaku Maezawa, the founder of clothing e-commerce giant ZOZO, to co-create a new fintech payments business.Maezawa is a Japanese billionaire and entrepreneur, and his Start Today enterprise debuted in the...

, by Tim Alper

While China Is Already Testing CBDC, US’s Goal Is ‘To Get It Right’

Central banks are still more focused on risks of central bank digital currencies (CBDCs) while they're increasingly cooperating with each other in an attempt to investigate this potentially new form of local and cross-border payments, according to statements by the panelists of an International...

, by Jaroslaw Adamowski

Digital Yuan Users: Some Came Back for More, Others Unimpressed

A number of Chinese citizens who received digital yuan payouts worth USD 30 in a recent giveaway event have decided to top up their central bank digital currency (CBDC) wallets.As previously reported, the central People’s Bank of China (PBoC) distributed thousands of “red...

, by Tim Alper

Five Blockchain Use Cases Might Boost Global GDP by USD 1.76T – PwC

Driven by need for trust in digital world, blockchain technology is expected to boost global gross domestic product (GDP) by more than a trillion dollars, estimated professional services network PwC, and will do so through five major use cases.PwC's latest report, titled "Time for trust: The...

, by Sead Fadilpašić

Digital Yuan Testers Spent USD 52 On Average Per Transaction

This year, during a series of digital yuan pilot programs in China, testers reportedly spent CNY 351 (USD 52) on average per transaction, bringing the total value of pilot transactions to CNY 1.1bn (USD 162m). According to Fan Yifei, Deputy Governor at the People‘s Bank of China (PBoC), 3.13m...

, by Linas Kmieliauskas

Going Cashless Isn’t Straightforward. Ask Sweden, or Zimbabwe

Chris Vasantkumar, Lecturer in Anthropology, Macquarie University. ____“No Cash Accepted” signs are increasingly common in Australian shops, thanks to COVID-19. Even before the pandemic struck, though, we were well along the cashless path, with demand for coins halving between 2013 and...

, by Chris Vasantkumar

# Payments (Page 24)

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