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The impact of blockchain on payment systems

The Payments Association

Blockchain, once synonymous with cryptocurrencies like Bitcoin, is now transforming digital payments and fiat currency transactions. In payments, blockchain provides improved transparency with immutable transaction records, faster processing times by eliminating intermediaries, and stronger security via encrypted data. Read more

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Bharat Web3 Association Backs Blockchain Potential in Australia and India With New Partnerships

The Fintech Times

After signing memorandums of understanding with DECA and Asosiasi Blockchain Indonesia, Bharat Web3 Association (BWA) aims to align India’s Web3 sector with international standards and best practices. “Together, we aim to empower the region through shared initiatives, knowledge exchange, and joint projects that drive meaningful impact.”

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Teranode Realises the Potential of Blockchain Technology

The Fintech Times

Blockchain, heralded for its potential to transform industries, is currently undergoing a divergence from its original vision, marked by a prioritisation of speculative interests over core principles like scalability and decentralisation. The blockchain sector is notorious for overpromising and underdelivering.

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PayPal Stablecoin (PYUSD) Made Available on Solana Blockchain

The Fintech Times

PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event. ” The simplified experience of PayPal and Venmo wallets shows PYUSD as a unified balance regardless of the blockchain. .”

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PayPal uses stablecoin to invest in blockchain risk management startup

Finextra

PayPal has used its own stablecoin to make an additional investment in blockchain risk management specialist Chaos Labs.

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WadzChain Network unveils hybrid blockchain to simplify global payments for businesses

Finextra

WadzChain Network, a global leader in innovative blockchain technology, announced today the launch of one of the world’s first hybrid blockchains intending to transform global payments for businesses.

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Solana Foundation Simplifies Blockchain Transactions with New Tools

The Fintech Times

The Solana Foundation has introduced two new developer tools, Solana Actions and blockchain links (blinks), to make blockchain transactions more accessible and seamlessly integrated into everyday digital platforms. This feature aims to make decentralised applications more user-friendly and widely accessible.