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Rubie Wallet enables attendees to convert regulated US dollar-pegged stablecoins into THBX, a Thai Baht stablecoin. This provides a practical advantage for international visitors, eliminating the need to carry cash, wait in long queues at currency exchanges, or incur high transaction fees associated with credit cards.
XWeave , a startup developing infrastructure for stablecoin-based cross-border payments, has raised US$3 million in seed funding. Additional investors include White Star Capital, Fabric Ventures, DigitalCurrency Group (DCG), The Venture Dept., and several angel investors. said Milind Sanghavi, Founder and CEO of XWeave.
Xoom, a PayPal service, offers digital remittance services in over 160 countries, providing users with a convenient platform to send money, pay bills, and reload phones. This move aims to reduce the cost and increase the speed of international money transfers by leveraging blockchain technology.
Home News Crypto Fiserv unveils stablecoin for banks Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Recent US action towards stablecoin regulation has seen banks up their interest in such coins.
This dual licensing enables the company to offer cross-border payment services that integrate traditional fiat currencies with blockchain-based stablecoin transfers. By merging stablecoins with real-time payment rails, were enabling businesses to move funds instantly and cost-effectively, without the friction of legacy systems.
But ask most people (even some in finance) what a stablecoin actually is, and the answers get a little fuzzy. With regulation finally catching up and central banks taking a closer look, stablecoins are stepping into the spotlight. So, What Is a Stablecoin? A stablecoin is a type of digital token. Is it safe?
Stablecoins are blowing up the financial ecosystem. As proof, we saw news last week that major retailers Walmart and Amazon are exploring developing their own stablecoins. If retailers are jumping onto the stablecoin bandwagon, should your firm or fintech be considering doing so, too? Should you issue your own stablecoin?
Home News Crypto Interledger Protocol targets interoperable stablecoins Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. As a regulatory framework for stablecoins arrives US, firms are scrambling to react and launch their own coins.
Ripple, the leading provider of digital asset infrastructure for financial institutions, announced that Ripple USD (RLUSD) will be available on global exchanges starting December 17, 2024. RLUSD is available on both the XRP Ledger and Ethereum blockchains, offering flexibility and scalability for various financial use cases.
Looking to bridge the world of fiat and digitalcurrencies, Fipto , a blockchain-based payment infrastructure, is looking to make it easier for firms to integrate stablecoins and optimise existing global payment flows using blockchain.
“The initiative is the first of its kind globally to adopt a stablecoin pegged to the UAE dirham for public transport payments,” the partners say. “This milestone is part of joint efforts to enhance digital payment solutions and develop a smart, secure, and seamless transportation experience.”
Clear Junction , a specialist in global payments and banking infrastructure for regulated financial institutions, has launched a new on-chain stablecoin transfer service. It says the new solution provides an essential bridge between traditional banking infrastructure and the rapidly evolving world of blockchain-based finance.
The paper outlines how emerging technologies such as IoT, blockchain, cryptocurrency, and cloud computing are converging to transform the digital payments industry, with Fourth Generation Payment Networks (4GPN) playing a central role. The global digital payments market is expected to grow from US$10.18
Home News Crypto Coinbase launches stablecoin payments service Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Finally, open-source smart contracts power secure, scalable onchain transactions. trillion to $3.7 trillion by 2030.
Furthermore, the report takes a forward-looking approach, incorporating forecasts for 2025 and exploring pivotal themes such as artificial intelligence in payments, the evolution of tokenisation and decentralised finance (DeFi), and the adoption of emerging technologies like blockchain, generative AI, and machine learning.
Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Mastercard, Visa play down stablecoin threat The giant card networks are sifting through the opportunities and threats that stablecoins present for their businesses.
OpenPayd, a leading provider of financial infrastructure, today announced the launch of its stablecoin infrastructure, enabling businesses to move and manage digital assets and fiat through one platform. Every business with international ambitions will need a stablecoin strategy.
Location Joburg Followers 5 Opinions 23 Follow Unfollow For years, stablecoins existed in a regulatory grey zone – popular as “digital cash” but lacking official oversight. policymakers have sketched out the first federal framework for payment stablecoins. This means the “stable” in stablecoin is now legally enforceable.
.” New technologies gathering pace The research also reveals that adoption of technologies like open banking (54%) and digitalcurrencies (49%) is gathering pace in the sector, with a growing number of firms also now using and AI analytics (34%), blockchain (32%), embedded finance (26%) and stablecoins (20%).
Ozean , a blockchain for Real-World Assets (RWA) yield launched by Clearpool , is joining forces with First Digital , a Hong Kong-based group offering global multi-asset custodial, trust, payments and stablecoin solutions, as part of WakeMaker, Ozean’s accelerator programme.
StraitsX has launched its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), marking a new phase in its collaboration with Ripple to support real-time digital payments across Asia. Its a marker of where financial infrastructure is heading. said Liu Tianwei, Co-Founder and Deputy CEO at StraitsX.
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.
Bitcoin and Ethereum are often the first cryptocurrencies that come to mind when we think of digitalcurrencies. Therefore, many of them consider stablecoins for accepting payments. Let us understand why stablecoins are the safest option for accepting cryptocurrency payments. What Are Stablecoins? 1 USDT ~ 1 USD).
Home News Crypto Shopify, Coinbase, Stripe bring USDC stablecoin payments to merchants Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. According to a Shopify statement , stablecoins "are reshaping the way money moves around the world.
May Zabaneh, VP of Product at PayPal The ability to send a payment over the blockchain in seconds at a fraction of the cost was simply incredible. In late 2020, PayPal took its first crypto leap, letting users buy, sell, and hold select digitalcurrencies within their accounts. PYUSD is now on both Ethereum and Solana.
Wirex Pay , a stablecoin payment platform, is teaming up with Schuman Financial , the issuer of EURØP, a euro-backed stablecoin, to offer European consumers the option to buy, hold and spend the digitalcurrency.
The company will use the funds to scale its “yield-as-a-service” stablecoin infrastructure platform. OpenTrade helps fintechs embed real-world asset-backed yields into digital wallets using USDC and EURC. Stablecoin infrastructure-as-a-service platform OpenTrade received $7 million in a Seed round this week. Photo by anna-m.
Home News Crypto PayPal to bring stablecoin to Stellar Network Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. PayPal says that PYUSD on Stellar can be used for fast, affordable real-world payments, remittances, commerce, and micro-financing.
Singapore embraces digitalcurrencies, combining cutting-edge innovation with solid regulations to ensure a safe trading environment. Cryptocurrency is a digitalcurrency form that uses cryptographic technology to secure transactions and control the creation of new units. Youre in the right place. What is Cryptocurrency?
Digitalcurrency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries. Together, we are equipping Africa with the tools to embrace blockchain-powered tokenisation and drive sustainable development.”
The primary goal of this partnership is to support cross-border transactions and digital asset operations for enterprise clients. The agreement brings together OpenPayd’s API-based payment and banking services with Circle’s infrastructure for USDC, a dollar-denominated stablecoin issued by regulated affiliates of Circle.
Community Your feed Latest expert opinions Groups Join the Community 23,368 Expert opinions 42,409 Total members 322 New members (last 30 days) 190 New opinions (last 30 days) 29,102 Total comments Join Sign in Pay with TRIO: The E-Commerce Breakthrough with Stablecoins. Stablecoins vs. Fiat for E-commerce. Stablecoins Pros.
Home News Crypto Visa adds settlement support for more stablecoins Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Stablecoin adoption is exploding, with $27 trillion in total transaction volume globally across 1.25
The Singapore-based fintech announced this week that it is planning to expand its crypto offerings in 2025 to include both a stablecoin and an exchange-traded fund (ETF) product. “Blockchain payment adoption is growing because it offers an easy way to send and receive payments on a global scale,” Pair said.
OpenPayd , a leading provider of financial infrastructure, today announced the launch of its stablecoin infrastructure, enabling businesses to move and manage digital assets and fiat through one platform. “Every business with international ambitions will need a stablecoin strategy. “We have removed those barriers.
These consumers may be shopping for luxury items, but they also want to pay for groceries, plane tickets, and even fast food with digitalcurrency. Plus, because these payments settle on blockchain rails, they help reduce the risk of chargeback fraud, offering merchants an extra layer of security. Retailers are responding.
Among these, the integration of blockchain and stablecoins in cross-border payments and treasury management emerged as a central theme. Four or five years ago, digital assets were mostly about speculation, she noted. Our clients are already transacting in stablecoins like USDC, USDT and RLUSD.
A recent pilot conducted under the HKMA ’s e-HKD+ initiative has tested the feasibility of using digitalcurrencies for cross-border investment transactions.
Australia’s central bank has announced that Project Acacia is moving into its next phase of testing to examine how crypto assets and central bank digitalcurrencies (CBDCs) could support the growth of the country’s wholesale tokenised asset markets.
On asset tokenisation, Chia highlighted the introduction of a stablecoin regulatory framework. Ant International and Standard Chartered Partnership: Ant International partnered with Standard Chartered to enable the first-ever SGD-based transactions on Ant’s blockchain-powered digital ledger.
Stablecoins vs. Fiat for E-commerce. Stablecoins Pros. Reduced Transaction Costs and Fees (including cross-border) Stablecoin transactions are significantly faster than traditional methods, often confirmed in seconds or minutes. There is a need to re-establish Trust between Buyers and Sellers. Pros and Cons.
.” The order prohibits the establishment of US central bank digitalcurrencies (CBDCs). It also establishes a working group to propose a regulatory framework for digital assets within 180 days and allows individuals and entities to access and use open public blockchain networks.
Home News Crypto Trump expected to sign stablecoin regulation Genius Act into law Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Home News Crypto Wall Street names announce stablecoin plans Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
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