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Payments Giant Stripe Acquires Stablecoin Firm Bridge for $1,100,000,000, According to TechCrunch Founder

The Daily Hodl
Payments Giant Stripe Acquires Stablecoin Firm Bridge for ,100,000,000, According to TechCrunch Founder
Altcoins
Payments Giant Stripe Acquires Stablecoin Firm Bridge for ,100,000,000, According to TechCrunch Founder

TechCrunch founder Michael Arrington says payments giant Stripe has completed the acquisition of stablecoin startup Bridge. In an X post referencing a report about Stripe’s discussions to acquire Bridge, the tech publication executive says the $1.1 billion purchase of Bridge is a done deal. A Bloomberg report last week indicated that Stripe had been in […]

The post Payments Giant Stripe Acquires Stablecoin Firm Bridge for $1,100,000,000, According to TechCrunch Founder appeared first on The Daily Hodl.

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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

HUMBL issued US patent for blockchain payments technology

Coin Telegraph
HUMBL issued US patent for blockchain payments technology
Blockchain

The company’s CEO described getting a blockchain patent in the US as “a very challenging process.” 

Blockchain firm HUMBL recently announced that the United States Patent and Trademark Office (USPTO) formally issued a patent for the company’s blockchain technology. 

The patent was issued on Oct. 15 for HUMBL’s nebulously titled “System and Method for Transferring Currency Using Blockchain.”

While this isn’t the first company to receive a US patent for blockchain-related technology, the time frame surrounding the patent’s approval and issuance highlights one of the regulatory difficulties faced by small businesses in the blockchain and cryptocurrency industries. 

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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Stripe To Roll Out Support for USDC Payments on Ethereum, Solana and Polygon in Over 150 Countries

The Daily Hodl
Stripe To Roll Out Support for USDC Payments on Ethereum, Solana and Polygon in Over 150 Countries
Altcoins
Stripe To Roll Out Support for USDC Payments on Ethereum, Solana and Polygon in Over 150 Countries

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 […]

The post Stripe To Roll Out Support for USDC Payments on Ethereum, Solana and Polygon in Over 150 Countries appeared first on The Daily Hodl.

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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Paypal Completes First Corporate Transaction Using PYUSD Stablecoin

Bitcoin.com
Paypal Completes First Corporate Transaction Using PYUSD Stablecoin
bitcoin.com
Paypal Completes First Corporate Transaction Using PYUSD StablecoinPaypal 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 […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution

Bitcoin.com
Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution
bitcoin.com
Ripple Boosts Cross-Border Transactions in Brazil With New Payment SolutionRipple 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 […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

BRICS Unified Exchange to Leverage Blockchain and Virtual Currency for Settlements

Bitcoin.com
BRICS Unified Exchange to Leverage Blockchain and Virtual Currency for Settlements
bitcoin.com
BRICS Unified Exchange to Leverage Blockchain and Virtual Currency for SettlementsDeputy 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 […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Ripple and Mercado Bitcoin to launch crypto-enabled payments in Brazil

Coin Telegraph
Ripple and Mercado Bitcoin to launch crypto-enabled payments in Brazil
Coin Telegraph

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.

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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

PayPal CEO Believes Crypto ‘Really Important’ Future Element of Commerce, Says Consumers Paying ‘A Ton’ in Fees

The Daily Hodl
PayPal CEO Believes Crypto ‘Really Important’ Future Element of Commerce, Says Consumers Paying ‘A Ton’ in Fees
Blockchain
PayPal CEO Believes Crypto ‘Really Important’ Future Element of Commerce, Says Consumers Paying ‘A Ton’ in Fees

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 […]

The post PayPal CEO Believes Crypto ‘Really Important’ Future Element of Commerce, Says Consumers Paying ‘A Ton’ in Fees appeared first on The Daily Hodl.

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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Watchdog: Visa–Mastercard ‘duopoly’ spends millions blocking competition

Coin Telegraph
Watchdog: Visa–Mastercard ‘duopoly’ spends millions blocking competition
Coin Telegraph

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. 

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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

DOJ sues Visa over alleged payments monopoly

Coin Telegraph
DOJ sues Visa over alleged payments monopoly
Coin Telegraph

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. 

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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

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