Payments – Page 23

Mastercard to Launch Crypto Secure, EU Parliament Voted to Use Blockchain in Taxation, Open Network’s P2P Market to Enable Toncoin Trade on Telegram + More News

October 4, 2022

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Mastercard to Launch Crypto Secure, EU Parliament Voted to Use Blockchain in Taxation, Open Network’s P2P Market to Enable Toncoin Trade on Telegram + More News Read more »Sign up for…
Read more

Is payments giant SWIFT preparing for a blockchain-bound future?

October 4, 2022

Are TradFi and DeFi converging, moving toward a middle ground that includes tokenized assets, interoperability and regulation? SWIFT is a payments colossus. It operates across more than 200 countries, has 11,000-plus financial institution clients and transmits some 8.4 billion financial messages every year. It is the global leader in cross-border bank-to-bank payments and recently played…
Read more

Bank of Russia Adds Digital Assets to Banking Chart of Accounts

October 3, 2022

Central Bank of Russia has introduced digital assets, including the digital version of the Russian ruble, to the recently published draft of the new banking chart of accounts. In the future, financial institutions will be able to provide data about operations with these assets. Russian Banks to Record Digital Currencies as Assets in Their Accounting…
Read more

China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies

September 29, 2022

The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of the Bank for International Settlements. Asian Central Banks Pilot Real-Value International Settlements With Digital…
Read more

Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis

September 29, 2022

Bitcoin looks suitable for Russia’s crypto cross-border payments at first glance, but there are many reasons why such a choice is highly questionable. Despite Russia pushing the idea of using cryptocurrencies for cross-border payments, the specific digital asset the government plans to adopt for such transactions still remains unclear. Russian authorities are quite unlikely to approve…
Read more

Settlements With China — Russia Plans Next Step for Digital Ruble

September 28, 2022

Russia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. Authorities in Moscow hope other nations will be willing to adopt the Russian digital currency in trade, which will allow the country to circumvent sanctions imposed over the Ukraine war. Russian Federation Eyes Digital Ruble…
Read more

Bitcoin Lightning-Based Payments App Strike Raises $80 Million in Funding Round

September 28, 2022

Digital payment provider built on Bitcoin’s Lightning Network Strike announced that it has raised an $80 million funding round led by Ten31. Strike is an application that allows users to make Lightning payments with either their bank account or debit card, without needing anything else. The round saw participation by Washington University in St. Louis,…
Read more

Russian Exchanges Ready to Launch International Crypto Payments, Lawmaker Reveals

September 27, 2022

The largest exchanges in Russia are ready to begin operating with cryptocurrencies right after authorities legalize cross-border settlements in crypto, according to a leading member of the Russian parliament. The stock and commodity trading platforms in Moscow and St. Petersburg are working to develop this market, the high-ranking official added. Russia’s Top Exchanges Waiting for…
Read more

California Governor Vetoes ‘Premature’ Crypto Bill, Russia to Use Digital Ruble w/ China by Next Year, a Debit Card Enables NFT Avatar Customization + More News

September 27, 2022

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: California Governor Vetoes ‘Premature’ Crypto Bill, Russia to Use Digital Ruble w/ China by Next Year, a Debit Card Enables NFT Avatar Customization + More News Read more »Sign up for…
Read more

Crypto Payments May Not Help Russia Bypass Sanctions, Experts Say

September 26, 2022

Russia is preparing to authorize international crypto payments but people involved in the industry doubt this would allow the country to circumvent sanctions. At the same time, the United States has been tightening the noose, recently targeting the use of cryptocurrencies to dodge the financial restrictions imposed by the West with new legislation in Congress.…
Read more

Tag: Payments