Payments giant Stripe is announcing global support for USDC settlements over the Ethereum (ETH), Solana (SOL), and Polygon (POL) blockchains. In a new post on the social media platform X, Jeff Weinstein, the head of products at Stripe, says that crypto assets are officially back on the platform and will be available for use in […]
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Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP. Paypal Completes First PYUSD Stablecoin Business Transaction Paypal Holdings Inc. has completed its first […]
Ripple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the region’s crypto landscape, helping businesses move funds 24/7. With plans to streamline treasury operations between Brazil and Portugal, the service also aims to benefit corporate […]
Deputy Chairman of the State Duma Alexander Babakov proposed creating a unified BRICS exchange using blockchain and virtual currency for inter-bloc settlements. Babakov stated that such an organization “will be the key to the economic sovereignty and independence of our countries,” while sidestepping the use of third-party payment networks. Newly Proposed BRICS Unified Exchange May […]
Mercado Bitcoin, one of the largest crypto exchanges in Latin America and a partner of Mastercard, is working with Ripple on crypto-enabled international payments.
Blockchain payments network Ripple is collaborating with a major crypto exchange in Brazil to launch cross-border payments enabled by crypto.
Ripple has partnered with the Brazilian Mercado Bitcoin exchange to enable local businesses to settle payments using Ripple’s “managed end-to-end payments solution,” the firm officially announced on Oct. 3.“
With the new payment tool, businesses in Brazil would be able to get “faster, cheaper, more efficient cross-border payments” across the globe 24/7 and settle payments in a matter of minutes, Ripple stated.
The CEO of PayPal says the firm is considering the role crypto plays in the future of commerce and payment processing. In a new interview with Yahoo Finance, PayPal CEO Alex Chriss says that he, and by extension PayPal, think that crypto will be impotant for the future for consumers. “Crypto to me is a […]
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According to a report, the two companies spent a combined $80 million lobbying against credit card competition acts.
Consumer watchdog organization Accountable.US recently published a report accusing finance giants Visa and Mastercard of operating as a duopoly to prevent competition in the debit and credit card payments sector.
According to the report, which has been viewed by Cointelegraph, the two companies have spent more than $80 million lobbying against legislation that would allow competitors access to the payments sector.
Because Visa and Mastercard account for the majority of credit and debit card transactions in the United States, Accountable.US alleges that they’re responsible for the “sky-high” swipe fees faced by both consumers and businesses.
The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market.
The United States Department of Justice (DOJ) has filed an antitrust suit against payments giant Visa for allegedly operating a debit payments monopoly.
A complaint filed in a federal court in New York on Sept. 24 alleged that Visa uses exclusivity agreements and the threat of penalties against vendors to prevent competition from infringing on the company’s market share.
Visa reportedly commands a 60% market share in the US debit transactions sector, allowing the firm to reap $7 billion in transaction fees alone.
Former US President and current Republican nominee Donald Trump just used Bitcoin (BTC) to buy burgers for his supporters. On Wednesday, Trump visited a crypto-themed bar called PubKey in Manhattan, New York City to convene with with members of the digital asset industry ahead of his run for president in November. A video shared by […]
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The Southern Coastal US state of Louisiana is announcing that its services can now be paid for with crypto assets. According to a new press release, the government of Louisiana is collaborating with software firm Envoc and crypto payments platform Bead Pay to revolutionize how payments are made for the state’s services. Residents of Louisiana […]
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