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Digital payment token provider dtcpay has announced a strategic shift to exclusively support stablecoins for all its payment services starting in January 2025. The company emphasises the inherent volatility of cryptocurrencies like Bitcoin and Ethereum as a driving force behind this decision.
The Thai Securities and Exchange Commission (SEC) has announced the addition of USD Coin (USDC) and Tether (USDT) stablecoins to its approved list of cryptocurrencies. Featured image credit: Edited from Freepik The post Thai SEC Adds USDC, USDT Stablecoins to Approved Crypto List appeared first on Fintech Singapore.
Thinking about diving into the world of cryptocurrency in Singapore? In this guide, well walk you through everything you need to know on how to buy cryptocurrency in Singapore. What is Cryptocurrency? Compared to traditional currencies, cryptocurrencies operate on decentralised networks, often powered by blockchain technology.
Amid a push toward the use of cross-border payments, the financial services industry is holding back on stablecoin payments as it awaits consumer adoption and regulation. Stablecoin is cryptocurrency that aims to keep a stable value relative to a specified asset like government-issued currency or gold.
dtcpay , the licensed payment service provider, has announced that it will no longer be supporting Bitcoin (BTC) and Ethereum (ETH) in the new year as it transitions to only support stablecoins for its Digital Payment Token (DPT) payment services.
Singapore’s cryptocurrency market has seen a notable increase in crypto payments , with merchant services receiving nearly US$1 billion in crypto during the second quarter of 2024. A key part of this growth is the rise of XSGD, the Singapore dollar-backed stablecoin issued by StraitsX. In contrast, stablecoins pegged to the U.S.
The crypto payment adoption is growing rapidly across the European Union (EU), with stablecoins being widely used as a preferred cryptocurrency among businesses. The Rise of Stablecoins in Europe With the evolving global financial landscape, European businesses are aggressively turning to cryptocurrency payments for more efficiency.
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.” .
Bitcoin continued its price climb today (Nov. While that price apex was followed by a bubble burst and bitcoin fell to $3,122 in 2018, analysts and crypto fans predict this wave is different. million, CoinDesk reported, the first IPO to use cryptocurrency as an accepted currency. The maximum loan is 5 Bitcoin, or $92,000.
Unifying global fiat and stablecoin payments, stablecoin payments infrastructure provider BVNK has announced a new embedded wallet. They have existed in today’s market for some time but have had limited capabilities to manage stablecoin, crypto and fiat payments in one place. Why stablecoins?
From traditional options like credit cards to emerging solutions such as cryptocurrencies and biometrics, each payment method comes with unique advantages that cater to varying consumer needs. Adoption Rate : Cryptocurrency payment usage remains niche but is growing, with over 420 million crypto wallet users worldwide in 2023.
In other news, the price of bitcoin exceeded the $16,000 price level on Thursday for the first time in nearly three years, CNBC reported. Bitcoin last exceeded the $16,000 price point on Jan. The price of the cryptocurrency was $16,301.03 as of 7:17 p.m. Eastern time Thursday, according to CoinDesk.
Among plenty of emerging use cases, the technology aims to create a new and improved payments system for the world — one that’s secure, transparent, decentralized, fast, and uses cryptocurrencies (types of digital cash) as a means of exchange. But the value of most cryptocurrencies, especially bitcoin, fluctuates on a daily basis.
Shift4 , an integrated payments and commerce technology provider, has launched its new ‘Pay with Crypto’ offering, enabling merchants worldwide to accept cryptocurrency seamlessly for both e-commerce and POS. The new feature will be rolled out in stages across the different Shift4 products and business verticals.
Austin, Texas, April 10th, 2025, FinanceWire Unocoin , India’s leading cryptocurrency exchange, proudly announces the integration of the Lightning Network, powered by Voltage , the longest-standing Lightning payments provider. In 2024, India’s crypto industry faced major regulatory challenges, forcing many exchanges to shut down.
Miami, Florida, March 19th, 2025, FinanceWire Next Layer Capital has officially become a member of Bitcoin for Corporations (BFC), an initiative led by BTC Inc to accelerate corporate Bitcoin adoption. This strategic move aligns the firm with a corporate network of teams integrating and advancing Bitcoin initiatives.
This week's plunge in bitcoin's value highlights one of the biggest concerns in using the cryptocurrency for payment. Stablecoins, which are pegged to traditional currency such as the U.S. dollar or a precious metal, are seen as a much less risky investment.
Since 2009, the financial landscape has been undergoing a transformation with the emergence of cryptocurrencies. As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency.
Bit by bit — but more than bitcoin by bitcoin — cryptos are inching into the mainstream, for both consumer and commercial applications. Elsewhere, Square announce last month that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We
Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.
A Citibank senior analyst predicted that bitcoin could reach $318,000 by December 2021 in a report written for Citibank’s institutional clients, according to CoinDesk. This will be the last trading pair for BGBP, the stablecoin linked to the pounds sterling, meaning it will no longer be tradeable. Meanwhile, Binance on Monday (Nov.
Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments.
When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. You Can’t Spend It. It's the opposite.”.
With the growing demand for cryptocurrencies as a payment method in online businesses, accepting crypto payments has become an attractive option for worldwide businesses. Consider Accepting Payments in Stablecoins Accepting stablecoin payments is considered one of the easiest ways to avoid the risk of price volatility.
Fast-forward to today, a Bitcoin-focused product strategy within the lineup seems to be a safer bet. Its early, all-in stance on Bitcoin now seems like a stroke of genius, given that crypto markets are maturing, Bitcoin is reaching new peaks, and a new administration is seemingly opening the door to crypto and Web3.
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.
The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s Last fall, the Libra Association petitioned the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned cryptocurrency.
Or more specifically, let’s talk about how Bitcoin defies the neat rule we try to impose on financial markets. This wasn’t just a decoupling; it was a reminder that Bitcoin doesn’t play by the usual rules. Traditional investors expect risk assets to track with inflation or retreat in volatile moments; Bitcoin doesn’t always comply.
Having secured the green light from the CNMV, BBVA plans to launch a new crypto service for its customers, which will enable them to buy, sell, and manage Bitcoin and Ether transactions through its existing banking app. BBVA Switzerland launched the Bitcoin custody and trading service to all its private banking clients in June 2021.
On another note, professional football player Russell Okung will be the first player from a significant American sports league to get paid via "bitcoin," CoinDesk reported. Half his salary is going to bitcoin and the other half is going to fiat, the athlete told CoinDesk. In other news, GMO Internet Inc.
The PFSA said it “would like to remind you that the cryptocurrency market in Poland is not a regulated or supervised market. PFSA does not license, supervise or exercise any other powers with regard to cryptocurrency trading activities,” Cointelegraph reported. They still have to inform NYDFS before using the coin, though.
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.
s cryptocurrency market. That means that trading cryptos like bitcoin and ether only need to follow KYC rules and will not be under FCA scrutiny. The overview states that “stablecoins, fiat-backed coins, generally seem to be classed as eMoney, depending on their structure. Many will therefore fall under the FCA’s remit.”.
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.
Digital currencies and stablecoins Finally, the Forrester report notes that stablecoins, which are digital currencies pegged to traditional assets like the US dollar, are gaining momentum in APAC. As stablecoins grow in popularity, regulatory frameworks are being developed across the region.
Burger King is letting people pay their way in Venezuela with a new bitcoin partnership that enables cryptocurrency purchases, CoinTelegraph reported on Saturday (Jan. The startup Cryptobuyer oversees a line of Bitcoin ATMs that convert cryptocurrency funds to pay out in fiat currency. . Confirmed in a Dec.
31, 2018, will mark the 10th anniversary of the day that a link to a paper , authored by Satoshi Nakamoto , describing the digital currency called bitcoin was first publicly circulated. Ten years after bitcoin launched, it remains the go-to currency of criminals and a way for cybercrooks to wash their money. The end of this month, Oct.
Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Even bitcoin is accepted by only a relative handful of digital retailers.
If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Over the summer, the U.S.
The conversation is no longer just about Bitcoin and speculative trading. Stablecoins This technically fits into the crypto category, but it deserves a highlight all on its own because of the potential. Stablecoins are a type of cryptocurrency pegged to a fiat currency or a commodity, such as gold.
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. Meanwhile, Japan's SBI Financial Services has acquired crypto trading counterparty B2C2 , according to a press release.
Treasury Department is researching use cases for a central bank digital currency (CBDC), as well as drafting regulatory proposals for private stablecoins, U.K. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We 6), CoinDesk reported, citing regulatory concerns.
Cryptocurrency and blockchain-based payments Cryptocurrencies are digital assets that leverage blockchain technologyi.e., Some merchants accept payments using the Bitcoin Lightning Network for instant, low-fee Bitcoin transfers or stablecoins to avoid market volatility.
The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. Ehrlich said stablecoins, including the U.S. This in the wake of the OCC’s Sept.
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