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Globalpayments network Thunes has announced a collaboration with Circle , the issuer of regulated stablecoins USDC and EURC. This partnership aims to enhance stablecoin liquidity management in cross-border payments. Settlements made with stablecoins provide exactly these four things.
While information travels the world in seconds, globalpayments still encounter delays, friction, and complex compliance hurdles. Our new partnership with Bloxcross makes this possible, unlocking instant, compliant access between fiat currencies and fully backed stablecoins. This is not just faster payments.
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. Early next year, Ripple Payments will use RLUSD to facilitate globalpayments for its enterprise customers. “As the U.S.
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 globalpayment flows using blockchain.
The partnership’s first phase includes the launch of the dtcpay Visa Infinite card, allowing users—particularly ultra-high-net-worth (UHNW) individuals—to convert digitalcurrencies like stablecoins into fiat at real-time rates. Adeline Kim “By combining Visa’s global reach with dtcpay’s Web 3.0
Digitalcurrency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries. The UDPN aims to drive down payment and foreign exchange costs whilst accelerating the uptake of regulated digitalcurrencies.
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.
Payments Report 2024 As the globalpayments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.
This marks a major milestone in its mission to modernise globalpayments. The dual licences, granted by France’s ACPR and AMF, position Merge among the few financial infrastructure providers fully regulated to operate across both traditional and blockchain-based payment rails.
Conduit , a leading cross-border payments platform powered by stablecoins, announced today it closed a $36 million Series A funding round. “Traditional cross-border payment systems do not meet the demands of modern businesses. As part of this investment, Dragonfly Capital’s Rob Hadick will join the Conduit board.
In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternative payment methods and the rise of digitalcurrencies. Total spending in the region for digital wallets amounted to almost US$10 trillion in 2023, led mostly by China.
Notably, the rise of cryptocurrencies, stablecoins, and Central Bank DigitalCurrencies (CBDCs) are transforming the digitalpayments landscape. Slower transaction processing, higher operational costs and an inability to scale with the growth of digitalpayment processing. The result?
The Central Bank of the United Arab Emirates (CBUAE) has approved new regulations for stablecoins, enabling it to integrate Dirham-backed digitalcurrencies into its financial ecosystem. But what is the significance of its latest decision regarding stablecoins? To find out, we asked a number of financial leaders.
Speaking about stablecoins, which are cryptocurrencies backed by more traditional financial products, like fiat currency, securities or gold, Scholz said, “We cannot accept a parallel currency. It also will discuss how to deal with potential problems and challenges that come from using digital financial technologies.
Interchecks Co-founder and CEO Dylan Massey said in a statement that the company "started with a commitment to offset wire and ACH payments with Visa Direct in an effort to speed-up funds availability, and the project grew from there." Emirates NBD Consolidates GlobalPayments Infrastructure.
Global blockchain firm Binance and blockchain payment service provider BitPay are teaming to increase adoption of the BUSD Binance stablecoin, according to an announcement. dollar,” BitPay CEO Stephen Pair said in the announcement. BitPay merchants and companies can buy BUSD via the Binance Exchange and exchanges that list it.
The biggest deal was Ledger’s $380M Series C in June, backed in part by DigitalCurrency Group — the top blockchain investor by deal count since 2017. Genesis Digital Assets , a US-based bitcoin miner, raised $125M in funding in July 2021. offers digital treasury and payments infrastructure for businesses using USD Coin.
Members of the Governing Council anticipate informal discussions about digitalcurrency, which will take place ahead of a Thursday (Dec. The ECB said it will launch its own electronic money, unless the private sector figures out how to speed up globalpayments and reduce the cost. 10), citing Eurozone sources.
“[Checkout.com] joins a dynamic and growing group of Libra Association members committed to achieving a safe, transparent and consumer-friendly implementation of a globalpayment system that breaks down financial barriers for billions of people,” Dante Disparte, head of policy and communications at the Libra Association, said in a statement to CNBC.
The payment processing ecosystem is vast and multifaceted, with a staggering array of statistics underscoring its significance. For instance, the globalpayment processing market is estimated to reach a monumental $587.78 Furthermore, globalpayment volume reached a staggering $31.7
31, 2018, will mark the 10th anniversary of the day that a link to a paper , authored by Satoshi Nakamoto , describing the digitalcurrency called bitcoin was first publicly circulated. The end of this month, Oct. Some say, be patient and give it time. But time can be an innovator’s curse.
The world has gotten its first good look at Libra — Facebook ’s long-anticipated move into cryptocurrency and globalpayments. The move also includes the first application that will run on those rails, a digital wallet called Calibra, the product of a new Facebook subsidiary by the same name. A thousand stablecoins are coming.
We have done a lot of work with blockchain technology, particularly stablecoin. We have been working with governments on what is called central bank digitalcurrency, or CBDC. I think that is another great example where we do over 150 currencies on the network today. And that is what it is going to look like.
The UK’s potential as a crypto hub The association calls on the Chancellor to ensure the UK becomes a world leader in digital finance by helping the UK payments industry fully embrace the digital world and create a flourishing, innovative digitalcurrencies ecosystem.
SFF 2024 will also focus on next-gen transactions, providing an overview of the current state of the globalpayments landscape, identifying gaps and opportunities, improving cross-border payments and showcasing cutting-edge innovations in payment technologies.
Pave Bank is a fully regulated commercial bank where clients can get business banking products (such as multi-currency operating accounts, globalpayment connectivity, and treasury management solutions). fund , Daedalus and angel investors. This is a multi-asset, always instant and always on network of Pave Bank customers.
Tight competition among leading globalpayment giants and fintech innovators. Marqeta is competing against legacy infrastructure giants like GlobalPayments and Fiserv , which process much larger payment volumes. Headwinds: A highly competitive market and reliance on a few customers pose long-term threats.
The world has gotten its first good look at Libra — Facebook’s long anticipated move into cryptocurrency and globalpayments. The move also includes the first application that will run on those rails, a digital wallet called Calibra. A thousand stablecoins are coming. Libra can’t help solve for that problem. So what is?
To ward off the currency speculators that have tended to plague high-profile crypto projects like bitcoin , Libra will be a stablecoin, with its value pegged to the U.S.
Some use local payment networks to reduce reliance on SWIFT and traditional banking rails. Stablecoins and central bank digitalcurrencies (CBDCs) could further streamline payments by removing intermediaries. The G20 and central banks worldwide are working on improving cross-border payments.
His recent work also includes the launch of the RLUSD stablecoin with Ripple and introducing Topper, a platform supporting over 230 cryptocurrencies to facilitate easier and cost-efficient currency conversions. Stablecoinpayments lower costs, reduce the length delays common in traditional payments and free up more working capital.
Understanding whats coming allows payments firms to mitigate risk, meet compliance obligations, and capitalise on strategic opportunities in a shifting regulatory environment. The payments landscape is entering a defining phase of regulatory transformation. What’s next?
In this guest article, he explores how these guidelines might shape the future of digital finance. Lawrence Wintermeyer, executive co-chair of GlobalDigital Finance The Declaration of Independence from Britain in 1776 began a revolution, however the US Constitution wasnt ratified until 1788 and didnt go into effect until 1789.
The Feds crypto pivot: Unlocking banking access and its impact on payments 18 March 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The Federal Reserves shift on crypto banking access could impact payments, stablecoins, and digital assets. Why is it important?
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