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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.
Singapore-based digital payments provider dtcpay has partnered with BNB Chain to accelerate the real-world utility of stablecoins, making paying with stablecoins more practical, accessible, and cost-effective for everyday transactions. Users can swap between stablecoins and fiat currencies and spend fiat directly through the card.
Waza , a B2B payment provider for emerging market businesses, has announced the launch of Lync, its new multi-currency account platform that combines market-leading foreign exchange (FX) liquidity solutions with a cutting-edge banking experience to power a new age of global trade for emerging market businesses incorporated in the US, UK or EU.
Its upcoming launch hopes to disrupt the $200billion stablecoin market and create a bridge between traditional finance and cryptocurrencies. Telcoin Bank plans to offer fully regulated, bank-issued ‘Digital Cash’ stablecoins, alongside a suite of blockchain banking products and services.
Unifying global fiat and stablecoin payments, stablecoin payments infrastructure provider BVNK has announced a new embedded wallet. They have existed in today’s market for some time but have had limited capabilities to manage stablecoin, crypto and fiat payments in one place. Why stablecoins?
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.
BVNK , a stablecoin payment infrastructure provider, is joining forces with First Digital , the group behind First Digital USD, in a move to bolster the adoption of the USD-backed stablecoin within the crypto ecosystem.
the innovative, tech-driven payments bank, announces the launch of EURI, a bank-backed stablecoin, compliant with the Markets in Crypto Assets Regulation (MiCA). EURI is the first e-money token launched by Banking Circle and the first MiCA regulated stablecoin that is issued and backed by a bank in the EU. Banking Circle S.A.,
And while the virtual currencies aim to facilitate more secure transactions, their values are increasingly centered around speculation. While this can be exciting to witness, it also shows bitcoin’s massively unreliable nature — especially as a currency for goods and services. This is where stablecoins come into play.
ARYZE has launched reForge within its Digital Cash suite, simplifying multi-currency conversions across eUSD, eEUR, and eGBP. This advancement, bolstered by a Chainlink partnership for real-time FX rates, streamlines the exchange process by removing complexities and costs traditionally associated with stablecoin transactions.
Cryptocurrency platform startup Circle has overhauled its network to advance mainstream trading, while its stablecoin USDC has surpassed three billion in circulation, growing by nearly 500 percent in 2020. “At He said the public blockchain will take digital dollar stablecoins mainstream.
In this article, Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi from KARM Legal Consultants , the emerging technologies-focused law firm, provide an in-depth analysis of the UAE’s regulatory landscape for stablecoins. Additionally, stablecoins are increasingly being explored for use in payments due to their stability and efficiency.
Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.
Most of these centre on how firms handle digital assets, particularly stablecoins, as well as the operational and legal adjustment needed to navigate the changing landscape. Stablecoins, as a subset of digital assets, have been a focal point of both the Bill and the FCAs regulatory discussions.
These companies span every segment of the market, from long-established remittances players and banks to neobanks, business-to-business (B2B) platforms, stablecoin providers and regional specialists, and are powering global trade. In particular, its DBS Globesend solution for cross-border payments spans 132 currencies and 190 countries.
the tech-driven payments bank, has launched its bank-backed stablecoin, EURI. The EURI stablecoin is the first MiCA-regulated digital asset that is issued and backed by a bank in the EU. The burning and minting of EURI is enabled by the Fireblocks tokenisation engine and secured by its multi-party computation (MPC-CMP) technology.
Expansion of multi-currency SWIFT services, extending its reach across Latin America, Asia-Pacific, and EMEA, enabling more financial institutions to access seamless cross-border payment solutions. Rolling out the stablecoin payouts for traditional financial institutions having their fiat accounts with Clear Junction.
Bengaluru, India, November 12th, 2024, FinanceWire In a landmark move following the 16th BRICS Summit, BackD is set to launch BRICS-backed stablecoins, aiming to redefine financial independence for emerging economies. dollar remains the world’s leading reserve, funding, and exchange currency.
Firstly, blockchain is being integrated into the traditional financial system – with stablecoins, CBDCs included, and tokenised RWAs [Real World Assets]. Pave Bank is a regulated commercial bank that offers business banking products such as multi-currency operating accounts, global payment connectivity, and treasury management solutions.
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). .”
Best for : Platforms requiring multi-product financial offerings. Zoho Subscriptions A flexible subscription billing solution with integrated invoicing, dunning management, and multi-currency support. Managing payments and FX is mission-critical for businesses operating across borders or handling multi-currency revenue streams.
Yellow Card , Africa’s leading stablecoin on/off ramp, has announced that it is integrating digital asset infrastructure provider Fireblocks to improve cross-border transactions for both businesses and individuals.
Singapore-based digital payments provider dtcpay has partnered with BNB Chain to accelerate the real-world utility of stablecoins, making paying with stablecoins more practical, accessible, and cost-effective for everyday transactions. Users can swap between stablecoins and fiat currencies and spend fiat directly through the card.
businesses with a compliant and efficient way to manage multi-fiat accounts, streamline cash flows, and facilitate conversions between fiat and cryptocurrency. Initially, the bank will support EUR and USD, enabling easy transitions between these currencies. Balances can be transferred instantly to stablecoins like USDT and USDC.
Expansion of multi-currency SWIFT services, extending its reach across Latin America, Asia-Pacific, and EMEA, enabling more financial institutions to access seamless cross-border payment solutions. Rolling out the stablecoin payouts for traditional financial institutions having their fiat accounts with Clear Junction.
Firms operating in multiple currencies or across differing time zones may face trouble in ensuring funds are instantly deposited into safeguarding accounts. This inflexibility could hinder their ability to offer competitive, innovative solutions, such as multi-currency wallets or cross-border payment services.
Expansion of multi-currency SWIFT services, extending its reach across Latin America, Asia-Pacific, and EMEA, enabling more financial institutions to access seamless cross-border payment solutions. Rolling out the stablecoin payouts for traditional financial institutions having their fiat accounts with Clear Junction.
Waza , a B2B payment provider for emerging market businesses, has launched Lync,a multi-currency banking platform with global payment rails for emerging market businesses incorporated in the US, UK or EU. Paysend , the UK-based global payments platform, has reached 10 million global consumer customers.
In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. Until then, popular tokens USDC and USDT will continue to dominate the stablecoin landscape.”
With a revised version of the planned digital currency, Facebook ‘s Libra will be supervised by worldwide watchdogs and connected to individual country currencies. Libra will now provide stablecoins based on a roster of separate currencies to be determined. The potential of the 2.5
At a G20 meeting in the middle of October, European Union finance ministers will reportedly tell their counterparts that a worldwide regulatory response is needed to so-called stablecoins like Facebook’s Libra. The EU will tell G20 partners at an Oct. As it stands, Germany and France EU heavyweights have criticized Facebook’s effort.
Global payment support If you have international clients, you want a payment solution that supports multiple currencies and global payment methods. Multi-currency processing allows your customers to pay in their local currency and also reduces the time and effort required in currency conversion.
New regulation principles to govern digital currencies are in the works by the European Union’s finance commissioner after fears ignited by Facebook’s planned Libra coin launch, Reuters reported on Tuesday (Oct. The EU largely rejected regulations on cryptocurrency until Libra was announced in June. “I At a G20 meeting planned for Oct.
European Central Bank Executive Board member Benoit Coeure called for strict supervisory principles for digital currencies and stablecoins like Facebook’s Libra, Bloomberg reported on Thursday (Oct. In the case of Europe, neither the Commission nor the ECB intends to make Europe a no-fly zone for stablecoins.
European Central Bank Executive Board member Benoit Coeure called for strict supervisory principles for digital currencies and stablecoins like Facebook’s Libra, Bloomberg reported on Thursday (Oct. In the case of Europe, neither the Commission nor the ECB intends to make Europe a no-fly zone for stablecoins.
The biggest deal was Ledger’s $380M Series C in June, backed in part by Digital Currency Group — the top blockchain investor by deal count since 2017. For example, Axoni ‘s distributed ledger technology provides multi-party data infrastructure, application development, and automation tools for global capital markets.
Users will be able to send money in 21 currencies– including USD, CAD, EUR, GBP, SGD, HKD, and JPY. “We chose to partner with Wise Platform due to their extensive currency coverage and stellar cross-border payments experience they are known for. . based company processes $154 billion (£118 billion) annually.
Delving Into Digital Currencies. Beyond the most immediate challenges, we’re headed into a longer-term evolution where digital payments are paving the way for the adoption of digital currencies, spanning, as Webster noted, crypto, digital bitcoin, digital dollars and stablecoins.
Bitpanda , the European crypto platform, has signed an exclusive multi-year partnership with the ATP Tour , becoming an official partner of the global mens professional tennis circuit. Volt will power Sumsubs Penny Drop Verification flow, which involves an end user being directed to their banking app after scanning their identity document.
Stripe research shows that 95 per cent of customers choose to check out in their local currency when given the option, and 85 per cent of customers will abandon cart if their preferred payment method isn’t offered. “For businesses with a multi-market strategy, choosing a trusted payment provider that caters to your needs is paramount.
We have done a lot of work with blockchain technology, particularly stablecoin. We have been working with governments on what is called central bank digital currency, or CBDC. I think that is another great example where we do over 150 currencies on the network today. This application is distinct from payments and currencies.
And for the settlements, consider these stablecoins as traveling finite territory in the most recently defined uses cases – as in, intrabank. The pilot is slated to begin next year, with plans to eventually have multi-currency transactions. The initial five currencies being reported include CAD, EUR, GBP, the dollar and the yen.
Pave Bank is a fully regulated commercial bank where clients can get business banking products (such as multi-currency operating accounts, global payment connectivity, and treasury management solutions). They will also have access to multi-asset custody, virtual IBANs, safeguarding accounts and PaveNet.
The company’s global infrastructure for real-time cross-border payments supports 100 currencies across 220+ markets. the increased adoption of enabling technologies such as stablecoins, and rising global commerce. This boost is driven by regulatory support, the launch of FedNow in the U.S.,
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