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Singapore-based stablecoin infrastructure provider StraitsX has unveiled a refreshed brand identity as it expands its role in enabling compliant, real-time paymentsettlements. It said the brand update reflects its growing function as an infrastructure layer for institutional money movement.
StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has received Major PaymentInstitution (MPI) licenses from the Monetary Authority of Singapore (MAS). and StraitsX Payment Services Pte. The licenses were issued to StraitsX USD Issuance Pte. StraitsX SGD Issuance Pte. Additionally, Xfers Pte.
By collaborating with Rain, BitGo, and Visa, Nuvei delivers a seamless and secure blockchain payment experience that empowers LATAM merchants to use their physical or virtual card supported by Visa to make payments using stablecoins from a digital asset wallet anywhere Visa is accepted.
QCP Trading, a provider of over-the-counter (OTC) spot trading services for digital assets, has been granted in-principle approval for a Major PaymentInstitution (MPI) license by the Monetary Authority of Singapore (MAS).
Unlocking Global Cross-Border Payment Flows Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-border payments, providing a secure and efficient alternative to traditional financial systems. XSGD will be available via Bitstamp globally, except in US and EU countries.
Each license allows the holder to conduct multiple specific payment services. Data from MAS’ Financial Institutions Directory show that as of August 01, 2022, 231 Money-Changing, 13 Standard PaymentInstitutions, and 175 Major PaymentInstitution licenses had been issued.
Recognising increasing demand across the Middle East from crypto-native firms and traditional financial institutions, Ripple aims to address many of the challenges traditionally associated with cross-border payments – such as high fees, long settlement times, and lack of transparency.
Kraken , one of the longest-standing, most liquid, and secure crypto platforms, has chosen Ivy as a new instant payment provider in Europe. Ivy’s payment platform is one of the de facto standards for European crypto leaders, offering crypto-native accounts, real-time deposits, withdrawals, and settlement in stablecoins.
his dual role, Bailey will oversee the commercial and regulatory functions of TrueLayer Ireland, which holds a European PaymentsInstitution licence and is regulated by the Central Bank of Ireland. MANSA, a global fintech in cross-border payments, has closed a $10million funding round.
.” BVNK partners with LianLian Global to bring real-time stablecoinpayments to 100 markets LianLian Global , a cross-border payments provider, has joined forces with BVNK , a UK-based stablecoinpayments platform, to offer stablecoinpayment capabilities to merchants in more than 100 countries.
Their unified ecosystem replaces banks’ “creaky old core systems with a cloud-based powerhouse that streamlines debt collection workflows from start to finish” Company updates Global fintech Conotoxia introduces three more settlement currencies for multi-currency cards.
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