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Mastercard Advances Stablecoin Use for Consumer Payments, Merchant Settlements

Fintech News

Exchanges and platforms such as Wirex, Bit2Me, Lirium, Notabene, Coins.ph, and Mercado Bitcoin have adopted the system. Mastercard is also developing ways for stablecoins to streamline settlements across currencies through its Multi-Token Network (MTN), which supports real-time payments and redemptions.

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BoA Looks To Create Multi-Currency Digital Wallet

PYMNTS

The North Carolina-based bank filed a “Multi-Tiered Digital Wallet Security” application in February 2018 with the United States Patent and Trademark Office (USPTO), Coindesk reported. It also notes that the proposal conceptually resembles specific multi-signature bitcoin wallet types that have been in existence for a long time.

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Understanding the Nature of Payment Gateway Integration For Your Mobile App

Stax

Regional and currency limitations If your app serves an international user base, regional limitations can create friction. Currency conversion fees or poor exchange rates impacting both users and your margins. Currency conversion fees or poor exchange rates impacting both users and your margins. Alipay, iDEAL, M-Pesa).

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Bitcoin Daily: Crypto-Related Crime Fell To $10 Billion In 2020; Singapore Exchange, Temasek Team On Digital Asset Market Infrastructure

PYMNTS

LVL, an upstart bitcoin exchange, has rolled out its own Mastercard debit card which it's taking pre-orders for, a report from CoinDesk says. The card will be linked to bitcoin and fiat accounts, and will be one of Mastercard's premium accounts, able to be used anywhere globally, CEO Chris Slaughter said, according to the report.

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Greater Flexibility: BVNK Wallet Offers Stablecoin, Crypto and Fiat Payments All in One Place

The Fintech Times

BVNK will hold on to or exchange balances and deal with third-party payments through its multi-rail access, all in a single product. But theyre not perfect for every use case and moving money between traditional currencies and stablecoins is still challenging.

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Secure, Rewarding Crypto: COCA and Ramp Network Join Forces to Launch US Offering

The Fintech Times

Cryptocurrency demands are growing in the US, with consumers looking for more options and reliability when delving into the world of decentralised currencies. Millions of US citizens will now be able to purchase cryptocurrencies through the COCA platform and securely store them using multi-party computation (MPC) technology.

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Bitcoin Daily: Monerium Partners With Algorand To Enable Blockchain Transactions; Square To Build Lightning Development Kit To Enhance Bitcoin Wallets

PYMNTS

Monerium lets its customers develop their financial services based on the blockchain, including cross-border settlements using fiat currency. Monerium stores fiat currency deposits for clients and releases them in a digital form on a blockchain. Sean Ford, Algorand’s chief operating officer.

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