Stablecoin payment adoption continued to thrive last year despite massive capital outflows from the crypto market at large, according to a new report from European hedge fund manager Brevan Howard. Analysts found that the stablecoin market settled over $11 trillion in value in 2022 and that over 25 million blockchain addresses held over $1 in stablecoins. Stablecoin Adoption by the Numbers The fund’s report – co-authored by Venture Co-Head Peter Johnson and quant analyst Sai...
Read More »Mastercard Joins Hands with Ripple on Its CBDC Partner Program
CoinspeakerMastercard Joins Hands with Ripple on Its CBDC Partner Program As part of its CBDC Partner Program, Mastercard has joined hands with prominent CBDC leaders and payment giants to work along with the central banks to bring CBDCs to the market under a regulatory framework. Mastercard Joins Hands with Ripple on Its CBDC Partner Program
Read More »Visa Pilots Innovative Approach for Paying On-Chain Gas Fees with Visa Card
American payment goliath Visa is exploring ways to facilitate payment of on-chain gas fees through the use of a Visa card. In a recent report, Visa’s Product Manager Mustafa Bedawala emphasized a challenge associated with cryptocurrency wallets faced by users which requires them to constantly manage their ETH balance to cover gas fees. The company is experimenting with an option to enable users to pay their on-chain gas fees directly in fiat money through card payments,...
Read More »VISA Allows Users to Pay Ethereum Gas Fees via Credit Card
CoinspeakerVISA Allows Users to Pay Ethereum Gas Fees via Credit Card Visa's solution revolves around Ethereum's ERC-4337 account abstraction standard and the utilization of a "paymaster" smart contract feature which allows off-chain settlements of gas fees. VISA Allows Users to Pay Ethereum Gas Fees via Credit Card
Read More »Gnosis Launches New Product Offerings to Aid Self-Custodial Crypto Spending
CoinspeakerGnosis Launches New Product Offerings to Aid Self-Custodial Crypto Spending Gnosis is keen on showcasing to the entire world how Web 3.0 can be used to bridge the gap between self-custodial crypto wallets and traditional payment methods. Gnosis Launches New Product Offerings to Aid Self-Custodial Crypto Spending
Read More »Crypto Exchange Lama Unveils Visa Cards With 2% Bitcoin Cashback
European crypto exchange Lama announced the launch of its Visa cards, enabling users to spend their crypto assets anywhere and convert them to fiat instantly. According to a press release sent to CryptoPotato, the cards will benefit users in several ways, including a 2% bitcoin (BTC) cashback on all purchases for the highest plan. Lama Rolls Out Crypto Visa Cards The Visa cards have three subscription plans modified to meet users’ needs. The first, the Bronze card, is a free...
Read More »Lama Introduces Visa Cards with Bitcoin Cashback to Customers
Lama joins Gate.io, Crypto.com, and Bybit amongst other crypto trading platforms in offering crypto debit cards to customers. Crypto exchange Lama has launched its own branded cards from Visa Inc (NYSE: V). According to a press release shared with Coinspeaker, these cards can enable quick conversion of cryptocurrencies to fiat currencies, allowing users to spend their digital assets and Euros everywhere Visa is accepted. Lama offers both physical and virtual Visa cards to cater to the...
Read More »Visa Deploys ‘Paymaster’ Contracts on Ethereum Testnest for Gasless Transactions
Global payments giant Visa has deployed experimental smart contracts on Ethereum’s Goerli testnet to pilot gasless transactions through account abstraction. The two sets of smart contracts, dubbed Paymaster, will simplify user interaction with the Ethereum network by performing complex tasks and managing transaction costs on behalf of other accounts. Visa Tests Paymaster for Frictionless Transactions Account abstraction is a proposal to increase flexibility in the management...
Read More »Here’s How Visa’s Blockchain Innovations Are Empowering Small Businesses
Visa is working with its partners to launch programmable CBDCs thereby optimizing capital flows to SMEs. Although blockchain technology has shown its prowess in multiple business verticals, its adoption hasn’t been fast enough. However, payments giant Visa Inc (NYSE: V) is now working towards pushing innovative blockchain use-cases towards real-world use cases. As part of its most recent LIFT Challenge, Visa is exploring blockchain-based use cases for Brazil’s central bank digital...
Read More »Alchemy Pay Sees $10M in Investment Funding as Native Token Jumps
Alchemy’s new raise of $10 million was single-handedly funded by market maker DWF Labs. Singapore-based payments provider Alchemy Pay has taken its expansion efforts a bit further. Alchemy Pay raised $10 million in investment funding to reach a valuation of $400 million, according to a press release. Alchemy Pay Keen on Expanding Its Business For what it’s worth, Alchemy Pay has been focused on leveraging the crypto-friendly nature of South Korea to its fullest capacity. According to a...
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