Tag: payments

Aug 01 2022

Ripple’s XRP sales increased almost 50% in Q2 vs Q1

Aug 01 2022 Published at CryptoSlate under tags  adoption partnerships payments

Crypto payments infrastructure provider Ripple revealed in its second-quarter earnings report on July 28 that it saw a significant increase in the demand for its associated XRP token. Ripple continues to grow Ripple has been able to make major strides when it comes to increasing the utility of its XRP ledger and On-Demand Liquidity (ODL)...

Jul 30 2022

How to cash out — The rise of crypto-to-fiat

Jul 30 2022 Published at CryptoSlate under tags  adoption exchanges guest post payments people

The digital asset economy continues to gain momentum globally, despite the scandals and crashes of late. It is fueling the demand for using crypto as a means of payment in the real world. Major corporations such as Meta (Facebook) and Amazon have responded by starting to build the infrastructure necessary to handle crypto payments. Another driving force is the “24/7” nature of...

Jul 29 2022

Gig workers still go for crypto despite the bear market

Jul 29 2022 Published at CryptoSlate under tags  adoption bear market payments

Digital asset management firm Bakkt's new survey revealed that 50% of gig workers are comfortable getting a part of their payments in crypto, while 38% said they could consider earning their whole paycheck in digital assets. Bakkt's Chief...

Jul 26 2022

Ripple Announces Partnership with Fomo Pay

Enterprise blockchain and crypto solutions provider, Ripple has joined hands with Fomo Pay, a leading payments institution based in Singapore. Through the collaboration, Fomo Pay is planning to utilize Ripple’s crypto-enabled enterprise technology to boost its cross-border treasury flows.Ripple’s ODL service leverages XRP to allow cost-efficient and quick settlements. Several companies around the world are using the blockchain firm’s ODL service to...

Jul 25 2022

Burrito chain Chipotle is giving away over $200K worth of crypto

Jul 25 2022 Published at CryptoSlate under tags  adoption payments

In the spirit of the national avocado day, Mexican food chain Chipotle launched its new interactive game called "Buy the Dip," which will give away more than $200,000 in Bitcoin (BTC), Ethereum (...

Jul 21 2022

SWIFT turns focus to digital assets in 2022 hackathon

Jul 21 2022 Published at CryptoSlate under tags  adoption payments technology

Global payment giant SWIFT determined its 2022 hackathon theme as "Digital assets: exploring interoperability and ownership" as it hopes to bring the brightest of the industry together to collaborate and innovate on digital assets. The company acknowledged the significance of digital assets for the future of finance by stating:...

Jul 20 2022

KPMG, HSBC report identifies crypto startups with unicorn potential in Asia

A joint report by two leading financial institutions, KPMG and HSBC, revealed that over a quarter of the 6472 startups operating in the Asia Pacific region have their core businesses in crypto-related activities. Among these firms, five appeared on a top 100 startups list with the potential to become unicorns -- a private startup company valued at over $1...

Jul 15 2022

New York Yankees employees can get partially paid in Bitcoin with NYDIG partnership

Jul 15 2022 Published at CryptoSlate under tags  adoption partnerships payments

Bitcoin (BTC) investment firm NYDIG announced a multi-year partnership with the American baseball team, the New York Yankees, on July 14 to become the team's official Bitcoin Payroll Platform. The deal will allow the Yankees employees to convert a portion of their paycheck...

Jul 11 2022

The New Era of Payments with Bitcoin: Is it Now the Norm?

Bitcoin payments are becoming a hot topic in the cryptocurrency sphere, as more eCommerce stores keep adopting it as a means of payment. But, not only online stores but offline shops, restaurants, ATMs, hotels, etc., are joining the adoption bandwagon.According to Statista, in the number of businesses that either have a cryptocurrency ATM or offer crypto as an in-store payment method as...

The case for Bitcoin strengthens as Chinese bank depositors riot over frozen accounts

Jul 11 2022 Published at CryptoSlate under tags  banking payments people

Social media footage shows crowds of angry people in Zhengzhou, the largest city in Henan province, protesting the freezing of accounts by some rural banks. Local media reported that the deposits held by affected banks could be worth up to $1.5 billion. Some observers point...

Jul 08 2022

Banking Circle adds USDC payments and fiat conversion

Jul 08 2022 Published at CryptoSlate under tags  adoption banking payments

Financial infrastructure provider Banking Circle said July 8 that it has started offering payment acceptance, process, and settlement in USDC. Banking Circle's Head of Virtual Asset Services Mishal Ruparel said it would be critical for banks to have the ability to process certain crypto assets as...

Jul 02 2022

Meta to end Novi crypto program by September 1

Jul 02 2022 Published at CryptoSlate under tags  facebook instagram meta nfts payments

Meta has disclosed plans to discontinue its Novi pilot crypto program by September 1, according to Bloomberg. Per the project's website, Novi services will no longer be available on its application and WhatsApp. The firm revealed that users will not be able to make...

Jul 01 2022

OpenNode, Lemon Cash To Onboard 1 Million Argentines To Bitcoin Lightning Network

The cryptocurrency exchange and digital wallet provider Lemon Cash is partnering with OpenNode to enable Bitcoin Lightning payments for its 1 million customers.OpenNode partners with Lemon Cash to bring the Lightning Network to over one million Argentines. Lemon Cash is a LATAM fintech company well-known for its digital wallet and cryptocurrency exchange which will begin supporting Lightning....

Jun 30 2022

E.U. moves further in its crypto regulation

Jun 30 2022 Published at CryptoSlate under tags  exchanges payments privacy regulation

The E.U. Parliament, Council, and Commission tripartite reached a provisional agreement in June 29 on the Transfer of Funds Regulation (TOFR). The TOFR constitutes a part of the regulatory frameworks the E.U. is setting up for cryptocurrency regulation. Upon implementation, crypto-assets service providers (CASPs) in the E.U. will be obliged to comply with the rules and adjust their internal policies and procedures accordingly....

Jun 24 2022

Crypto downturn sees electricity consumption on Ethereum plunge by 50%

Jun 24 2022 Published at CryptoSlate under tags  mining payments technology

Electricity consumption on some of the biggest crypto networks dropped by as much as 50%, as depressed token prices forced miners to shut shop, according to the Guardian. Crypto miners are feeling the pinch The recent sell-off was a...

Coinbase introduces KYC rules for its Netherland users to comply with local legislation

Jun 24 2022 Published at CryptoSlate under tags  exchanges payments regulation scams

Coinbase announced its Netherlands users would have to comply with KYC rules when making transfers to wallets off Coinbase. It stated that the rule would bring its operations in compliance with local regulations. The country's 1977 Sanctions Act requires...

Jun 23 2022

Hublot Starts Accepting Bitcoin And Other Crypto Payments

Jun 23 2022 Published at Bitcoinist.com under tags  btc crypto crypto news hublot payments

Hublot watches can now be purchased with crypto. Swiss Watch Maker, Hublot, has launched its new limited edition luxury watch, which is called 'Big Bang Unico Grey' edition of watches. The payment can happen via the crypto payment platform BitPay. A total of 200 such watches have been made available...

Jun 21 2022

BlockFi gets $250 million credit facility from FTX to support platform

Crypto lending platform BlockFi has signed a term sheet with leading crypto exchange FTX to secure a $250 million revolving credit facility, BlockFi CEO Zac Prince announced June 21. Today @BlockFi signed a term...

Price volatility strengthens public opinion against Bitcoin in El Salvador

Jun 21 2022 Published at CryptoSlate under tags  adoption culture investments payments

The recent volatility in Bitcoin and the broader crypto market has strengthened public opinion against the leading cryptocurrency, adding to the narrative that the country's Bitcoin experiment has failed, Julio Sevilla, a professor at the University of Georgia, told NPR. Recent volatility saw Bitcoin sink to $17,600, below the...

Jun 18 2022

Babel Finance suspends withdrawals due to “unusual liquidity pressures”

Jun 18 2022 Published at CryptoSlate under tags  banking lending payments

As the crypto winter prolongs, its effects are rippling into different areas of the crypto ecosystem and forcing difficult decisions. Several crypto companies face liquidation risks, cutting their workforce and pausing user activities on their platforms to stay afloat. The latest in a myriad of stoppages in operation is Babel Finance which served a public notice on June 17, 2022, to its users....

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