Tag Archives: payments

Visa has offered Apple approximately US$100 million to take over the technology giant’s credit card partnership from Mastercard, The Wall Street Journal reported on April 1, citing sources familiar with the matter. Visa has made a significant push to secure the Apple Card, offering an upfront payment typically reserved for the largest card programmes. American Express is also attempting to displace Mastercard to win the Apple Card, with plans to become both the card’s issuer and network....

Bitcoin regulation in the United States remains a highly debated issue. Several bills and executive orders in Washington, D.C. could shape the future of Bitcoin and other digital assets. While some initiatives focus on protecting self-custody and ensuring free payment transactions, others address stablecoin regulation or even propose a strategic Bitcoin reserve for the U.S. government. Here are the five most important federal-level Bitcoin initiatives currently in progress. 1. Executive...

Metro is now accepting stablecoins, including USDT, USDC, WUSD, and FDUSD. Singapore’s crypto-friendly rules promote stablecoin adoption. Singapore’s top department store chain Metro has joined forces with local crypto payments company DTCPAY to launch stablecoin payments in its offline stores and online shopping mall, Metro Mall. Tether’s USDT, Circle’s USDC, Worldwide Stablecoin Payment Network’s WUSD, and First Digital Dollar’s FDUSD can be used to make payments. The shift will increase...

CV Labs, the heartbeat of Crypto Valley, today announced Batch_05 of its global blockchain business accelerator. Nine pioneering startups were selected from over sixty countries based on the impact and utility that their solution will bring. Batch_05 startups will provide impact solutions to global socioeconomic, and climate challenges Some participants in the Batch_05 cohort are at the rockface of building infrastructure for the Web3 sector itself The CV Labs Accelerator is unique in that it...

Klarna will leverage the best technology and data to help people discover new products. Payments and shopping service Klarna may be the latest company to partner with OpenAI to use ChatGPT. According to a recent announcement by the firm, the ChatGPT Plugin has now been integrated and will serve as a personal shopping assistant to Klarna users, ushering in a new era of personalized shopping experience. That is, users may now ask Klarna for shopping advice or product recommendations, and...

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Santander – a UK-based financial institution – has announced it’s not going to allow any crypto exchange payments beginning in 2023. Thus, anyone who has a crypto wallet tied to their traditional bank account that tries to wire money to an attached crypto exchange to purchase assets will instantly be blocked. Santander Clearly Doesn’t Like Crypto The organization is taking a lot of flak for the maneuver, with many traders and investors claiming that the bank should not...

Bitcoin and cryptocurrency have come a long way. Many are no longer just speculative assets but have crossed into hedge fund territory following the excessive printing of money and the spread of the coronavirus. Bitcoin and Other Cryptocurrencies Are Failing in the Payments Department However, despite all the major boosts in the space, it appears crypto assets are really faltering in one specific area… Payments. Initially, bitcoin and many of its altcoin cousins were...

John Reed Stark – former head of the internet enforcement team with the Securities and Exchange Commission (SEC) – believes that every business in the U.S. accepting cryptocurrency as a method of payment is likely to stop by the time 2024 begins. John Stark Believes Crypto Will Serve No Purpose in 2 Years The reasoning behind his statements has to do with new cryptocurrency reporting laws that are set to take effect after December 31, 2023. The hurdles in the new...

Mike Novogratz – a billionaire investor and former hedge fund manager – has always been there to defend bitcoin whenever it is acting crazy, but in a recent interview, he claimed that the world’s number one digital currency by market cap will never be used for payments. Mike Novogratz Says BTC Will Not Be Used for Payments This is likely going to come as a huge blow for bitcoin and crypto purists given that the asset and many of its altcoin cousins were initially set up...