US senators target cryptocurrency use in child abuse trade

April 26, 2024 Coin Telegraph

Senators Elizabeth Warren and Bill Cassidy are asking federal agencies about their technical capacity to combat crypto payments in the sale of child abuse material.

A crackdown on individuals buying and selling child sexual abuse material (CSAM) using cryptocurrencies is underway in the United States.

U.S. Senators Elizabeth Warren and Bill Cassidy want to ensure that federal agencies are fully equipped to track down crypto transactions linked to the sale of child abuse content.

In this effort to bring an end to CSAM, the Department of Justice (DOJ) and Department of Homeland Security (DHS) were asked to reveal their current technical capacity.

Franklin Templeton’s Ethereum spot ETF listed on DTCC

Stripe bringing back crypto payments, this time with a stablecoin

April 25, 2024 Coin Telegraph

Coin Telegraph

Stripe customers will be able to pay with USDC beginning this summer, president Jack Collison said, after the company canned BTC payments in 2018.

Payment service Stripe is bringing back crypto in the form of stablecoin payments, co-founder and president John Collison has announced. The new service will be available this summer, he said.

“Crypto is finally making sense as a means of exchange,” Collison told the audience at the company’s developers conference in San Francisco on April 25. Since Stripe discontinued its Bitcoin (BTC) payment option in 2018, transaction times have increased, fees have decreased and stablecoins are performing stably.

“If we’re in a crypto winter post 2021, nobody told the stablecoins,” Collison said, referring to a chart of stablecoin value transferred. Therefore:

Franklin Templeton’s Ethereum spot ETF listed on DTCC

X payments details released: App to become your bank account

April 23, 2024 Coin Telegraph

Coin Telegraph

X users should eventually be able to use the app’s anticipated payment features to send money to other users, buy things in stores, and even earn interest on their account holdings.

X users will one day be able to use the platform to send money to other users, purchase goods from stores, and even earn interest on the money in their accounts as one would do with a bank account, said the head of payments at X.

In an April 22 post, X payments chief information security officer Christopher Stanley said the payment capabilities of X would go beyond “just tipping” and expand to include an in-app wallet capable of storing and sending money to any other X users.

“Think Venmo at first. Then, as things evolve, you can gain interest, buy products, eventually use it to buy things in stores (think Apple Pay),” said Stanley.

Franklin Templeton’s Ethereum spot ETF listed on DTCC

Stablecoin, retail CBDC sandboxes are on South African payments roadmap

April 22, 2024 Coin Telegraph

Bitcoin Payments

The South African Reserve Bank has declared goals for 2025 that it needs to pick up speed on.

The South African Reserve Bank has released a digital payments roadmap toward the goals of its Vision 2025, published six years ago.

Adoption of digital payment technologies in the country has been “sluggish,” the report said. It looked at ways to catch up to the vision, including plans for cryptocurrency and central bank digital currency (CBDC).

South Africa’s financial services sector, especially banking, is well-developed. Despite advances in digital payment technology, South Africans with lower and middle living standards remain disproportionately dependent on cash, the report found. User costs, low financial literacy, limited accessibility and lack of trust hinder progress, however.

Franklin Templeton’s Ethereum spot ETF listed on DTCC

ApplePay is the benchmark as crypto mobile payments push for adoption

April 22, 2024 Coin Telegraph

Coin Telegraph

Cryptocurrency-based mobile payments must be as functional as Apple Pay and Google Pay to challenge conventional payment services. according to Helio CEO Stijn Paumen.

Cryptocurrency payment platforms are slowly being onboarded to major e-commerce platforms and retail stores, but their user experience and performance don’t quite match that of Apple Pay.

Stijn Paumen, CEO of growing crypto payments platform Helio, paints a picture of a sector still in its infancy during a one-on-one interview with Cointelegraph.

The CEO and founder said that while Bitcoin and Ethereum are pioneering decentralized blockchain protocols, the base layer of both chains cannot compete with the performance and functionality of traditional financial infrastructure.

Franklin Templeton’s Ethereum spot ETF listed on DTCC

$236,000,000,000 in ‘Improper Payments’ Made by US Government in One Year, Exposing Material Weakness in Internal Controls: Report

March 29, 2024 The Daily Hodl

Daily Hodl

The US government is botching hundreds of billions of dollars of payments per year, according to a new report. The Government Accountability Office (GAO) says federal agencies made $236 billion in “improper payments” last year – a number that includes overpayments, inaccurate recordkeeping and fraud. The agency says the wasteful and erroneous spending is a […]

The post $236,000,000,000 in ‘Improper Payments’ Made by US Government in One Year, Exposing Material Weakness in Internal Controls: Report appeared first on The Daily Hodl.

Franklin Templeton’s Ethereum spot ETF listed on DTCC

Nigerian Startup, Zone, Raises $8.5M in Seed-Funding Round

March 20, 2024 Bitcoin.com

Nigerian Startup, Zone, Raises .5M in Seed-Funding Round

bitcoin.com

Zone, a Nigerian payment fintech startup that leverages the blockchain, recently raised $8.5 million in a seed funding round. An undisclosed portion of the funds will be allocated to cover costs associated with the trial of Zone’s cross-border payment capabilities in 2025. Zone to Expand Its Payment Infrastructure Zone, a blockchain-based Nigerian payments startup, has […]

Franklin Templeton’s Ethereum spot ETF listed on DTCC

Russia Hints at Development of CBDC-Based BRICS Bridge Payments System

February 27, 2024 Bitcoin.com

Anton Siluanov

Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current payment system outside the West’s “unfriendly infrastructure.” Russia Hints at Using CBDC […]

Franklin Templeton’s Ethereum spot ETF listed on DTCC

Immutable expands Web3 gaming payment options with Transak integration

December 11, 2023 Coin Telegraph

Coin Telegraph

Immutable deploys Transak’s functionality into its zkEVM gaming development infrastructure, powering in-game cryptocurrency and fiat payment methods.

Web3 gaming firm Immutable is set to integrate Transak as the sole payment service provider for its Immutable zero-knowledge Ethereum Virtual Machine (zkEVM). The service is set to directly power fiat and Web3-based payments in gaming environments.

Transak’s service will be integrated into Immutable Checkout and Immutable Passport. The former acts as Immutable’s all-in-one transaction infrastructure for games and provides a configurable interface for game developers to integrate various payment options.

Transak’s on-ramp, off-ramp and nonfungible token (NFT) payment service allows fiat payments through credit and debit cards, as well as Apple Pay and Google Pay. Transak marketing head Harshit Gangwar told Cointelegraph that the payment rail will power in-game transactions for digital assets:

Franklin Templeton’s Ethereum spot ETF listed on DTCC

Coinbase Wallet Unveils Global USDC Transfers via WhatsApp, Telegram, Facebook and Other Social Media Apps

December 7, 2023 The Daily Hodl

coinbase

Top US-based crypto exchange Coinbase is unveiling instant global transfers of the stablecoin USDC via social media apps. In a new blog post, Coinbase says that users of its crypto wallet can now instantly send money across the world without having to deal with the complexities of bank transfers. According to Coinbase, the money can […]

The post Coinbase Wallet Unveils Global USDC Transfers via WhatsApp, Telegram, Facebook and Other Social Media Apps appeared first on The Daily Hodl.

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