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Mastercard has introduced new global capabilities to enable stablecoin transactions from wallets to checkouts, expanding its role in digital asset payments. The companys latest partnerships with OKX and Nuvei are part of a broader effort to create a seamless system where consumers can spend stablecoins and merchants can receive them.
Coinbase Global has launched a payments platform aimed at making stablecoins a standard option for online transactions, Bloomberg reports. The rollout comes shortly after the US Senate passed stablecoin legislation and targets the multitrillion-dollar e-commerce sector. Shopify is the first to adopt the service.
Fast settlement: Typical wire transfers take 3–5 days; stablecoins settle in minutes or less. FX Stability Pegged to USD, stablecoins offer protection from currency depreciation (e.g., Key Facts & Statistics Transaction volume : In 2024, stablecoin volume hit $27.6 trillion, surpassing Visa and Mastercard combined by 7.7% .
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.
Stablecoins have emerged as promising alternatives to fully realizing the potential of cross-border payments. The post Bitso Business Surpasses $12 Billion in Transactions in 2024 and Unveils Study Revealing Stablecoins as the Leading Alternative for Cross-Border Payments appeared first on FF News | Fintech Finance.
Introducing the AIsa Payment Network AIsa combines the speed of the Lightning Network with the stability of multi-asset stablecoins to deliver an AI-native payment solution. Stable Value: Integration with multi-asset stablecoins ensures secure and stable transactions.
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?
Miami-based fintech startup enabling Latino workers in the US to send money back to their families in Latin America via WhatsApp , Félix Pago is expanding its services to El Salvador, Honduras, Guatemala, and the Dominican Republic following a new partnership with payments giant, Mastercard. And cryptocurrencies allow for that.”
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. and Brazil.
Stablecoins can settle in seconds, smart contracts can execute “if-this-then-that” logic without humans in the loop and tokenised assets can move 24/7 across jurisdictions. What’s the biggie with blockchain? Behind the scenes, blockchain infrastructure is becoming the default layer for secure, real-time, permissionless value transfer.
Ondo Finance announced today that it will be the first provider to bring real-world assets (RWA) to the Mastercard Multi-Token Network (MTN), a digital network connecting financial institutions with businesses to improve cross-border payment experiences.
Since stablecoins are crypto tokens that operate on blockchain networks, their custody follows the same fundamental principles as other cryptocurrencies. Since cryptocurrencies exist on decentralized and distributed blockchain networks, custody in this context focuses on securing the private keys that grant access to these assets.
The service will initially support stablecoins such as USDT and USDC, allowing users to send money as easily as sending a message. OKX plans to add support for more stablecoins over time. OKX said that funds cannot be moved without a customers explicit permission.
Paxos has launched its stablecoin, Global Dollar (USDG) , in the European Union, with the rollout beginning on 1 July. The stablecoin is available through platforms including Kraken, Gate, Coinmetro, SwissBorg, Zodia Custody, Orbital, Hercle, CoinsPaid, Bitwyre, Bitnet and HiFi. It is supported on Ethereum, Solana and Ink blockchains.
Valued at $28.93billion in 2024 and set to hit $49.18billion in 2025, according to The Business Research Company , the blockchain market is thriving. While this growth is in part due to the success of the crypto industry, the blockchain industry is not dependent on crypto. Blockchain has not experienced the same rapid growth.
They are embedded with EMV chips (Europay, MasterCard, Visa) that use either chip-and-PIN or chip-and-signature authentication methods. Jennifer Marriner , Mastercards EVP for Acceptance Solutions, shared that Tap to Pay now supports eCommerce card transactions. Miners or validators verify the transaction on the blockchain.
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.
The best fintech tools for crypto enable safe, scalable engagement with blockchain-based finance. Best for : Platforms accepting or disbursing stablecoin payments. Chainalysis Provides blockchain analytics, compliance tools, and transaction monitoring for digital assets, helping businesses manage risk and meet regulatory requirements.
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 Dive Brief Fiserv launches new stablecoin The payments processor wants to be an early mover as banks, the U.S. Please let us know if you have feedback.
The possibitities are now endless Beyond the ledger Blockchain has been part of financial infrastructure for years, from powering cross-border settlements to supporting stablecoin transactions and digital asset custody. But theres plenty more in this issue beyond blockchain.
has fallen behind, Blockchain Association CEO Summer Mersinger told the Senate panel. “[W]e Digital assets and blockchain technology are revolutionizing financial services, supply chains, and digital identity. Following the money on the blockchain is actually easier than in traditional finance,” he said during the hearing.
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. Or at least they didn’t until now.
Blockchain bank account startup Bleap has joined with Mastercard to launch a non-custodial debit card, making it possible for people to connect stablecoin payments with traditional financial payment rails.
Mastercard, President & CTO Ed McLaughlin — Emerging Technologies in Payments In today’s episode, Kailee Costello hosts Ed McLaughlin , the President & Chief Technology Officer of Mastercard. Out of that very physical cash-check world, Mastercard started completely offline. Next, we have what we call contextual commerce.
Mastercard , already an ally of Facebook’s Libra , announced it’s in the midst of planning its own cryptocurrency team, the New York Post reported on Saturday (Aug. The move is in line with Mastercard’s goal of being known as a technology company “more than a card company,” Ted Rossman, an analyst with CreditCards.com, told the NYP.
PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. Mastercard Leads Central Bank Digital Currency Test. In its announcement, Mastercard also revealed the results of a survey finding that 80 percent of central banks today are in some way engaged in CBDCs.
Félix Pago , a Miami-based fintech startup that developed a chat-based platform using blockchain and artificial intelligence to enable Latino workers in the US to send money back to their families in Latin America via WhatsApp, has announced a partnership with Mastercard to fuel its expansion into Central America.
Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Submit your application here before November 25.
As the popularity of stablecoins grows, organisations are looking to make them more accessible. The latest to do so in Japan, working on the first Japanese Yen (JPY) stablecoin, GYEN, is OwlTing Group , the blockchain fintech company, as it partners with GMO-Z.com Trust Company, Inc. GMO Trust).
Worldpay is partnering with BVNK to enable stablecoin payouts for businesses across 180+ markets. The integration simplifies stablecoin adoption for traditional companies by embedding BVNKs wallet infrastructure into Worldpays existing payouts platform.
The Cambridge Centre for Alternative Finance (CCAF) has launched a new tool providing real-time data and educational resources on digital money with an initial focus on stablecoins. The stablecoin market has surged from less than $3billion in 2019 to more than $130billion in 2024.
Previously called “Cardlite,” the solution will enable BOCHK to enhance the customer experience with new offerings, including its multi-currency Mastercard debit card. ” Founded in 2020, RD Technologies offers two primary solutions via its subsidiaries: the RD Wallet and the HKDR stablecoin (HKDR).
For Mastercard , one of the founding members of the Libra project, what is happening now is both extremely new and somewhat familiar. “As As you know, we’ve been looking at blockchain for quite a while, understanding the technology standards, doing pilots with banks and filing a number of patents.
Russia’s Sberbank could roll out its stablecoin as early as this spring after filing with the Bank of Russia to launch a blockchain platform, Cointelegraph reported. The filing process only takes about 45 days, but Sberbank is also still debating how Sbercoin will be taxed, according to Cointelegraph, citing news agency Interfax.
British startup Checkout.com is the first payments firm to join Facebook’s Libra Association after Visa, Mastercard and Stripe exited the program in October. “In We are technologists at heart and have always been fascinated by blockchain and the potential benefits it could bring to global transaction processing.”. “We
Today, just six months later, plastic cards in the Digital Tenge currency are used for both in-store and ecommerce purchases – and are accepted globally through the Mastercard and Visa networks. They also issue Mastercard or Visa plastic cards linked to the Digital Tenge account.
In other news, SatoshiPay will become the first company to use German Bankhaus von der Heydt 's (BDVH) fully euro-backed stablecoin EURB, according to a press release from investing company Blue Star Capital. It will allow for instant money transfers on blockchain.
From today, Stables users in over 130 countries can send Australian Dollars or Philippine Pesos to over 140 million people across Australia and the Philippines, all powered by stablecoins. Stables and its Founders have an unwavering belief in stablecoins to offer users speed, low-cost settlement, security and reliability for its users.
The crypto market crashed multiple times in 2022, but that hasn’t stopped the biggest payments companies in the world from investing resources in blockchain and crypto solutions. GET THE LIST OF BLOCKCHAIN 50 COMPANIES The Blockchain 50 is our annual ranking of the 50 most promising companies within the blockchain ecosystem.
Patent and Trademark Office for a blockchain-backed digital currency all its own. The “Walmart Coin” like Libra will be a stablecoin with its value pegged to that of the U.S. Card Networks, the two biggest of which (Visa and Mastercard) have already pledged to be part of Libra. fingerprint or eye pattern) credit.
Ten years after Visa and Mastercard launched, they had each licensed their tech to thousands of banks that had cards in the hands of millions of consumers, who were using them to buy things at millions of merchants. It’s why bitcoin and blockchain are inextricably used — and often conflated. It isn’t because it won’t.
The suite of Zebec services now available in Japan includes: Zebec App and Nautilus Chain, ideal for streaming payments and real-time web3 payroll, supporting digital payments in USDC, ERC, and soon a Japan-native stablecoin (JPYZ).
Facebook announced plans for a blockchain-backed cryptocurrency in June, with a target launch of June 2020. Libra will be a stablecoin with its value pegged to the U.S. We will respond to them with an open mind, with an attitude that the same risks require the same rules. It has the lofty aim of connecting the 1.7
Its rebound comes as Facebook unveiled its own digital currency, Libra , and has found some big-name backers for the project, including Visa, Mastercard, PayPal Holdings and Uber Technologies. Libra has led to an increase in sales for bitcoin, with investors expecting that crypto is finally going to go mainstream.
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