Bitcoin is no ‘silver bullet’ for money’s ethical problems
Both Bitcoin and fiat currency are often in the firing line over ethical concerns, with a dedicated group of defenders and critics. Go to Source
Payments
Auto Added by WPeMatico
PayPal’s new stablecoin on Solana will offer ‘confidential transfers’
Confidential transfers allow merchants to provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes. Go to Source
Diamonds Standard Co. uses precious gems to back payment network
Diamond Standard Co. has introduced a blockchain payments system that uses diamonds as backing collateral for transactions. Go to Source
‘Really Stupid and a Huge Mistake:’ Putin Blasts US Actions Blocking Payments to China; Exporters Turn to Small Banks and Crypto
Russian President Vladimir Putin charged against the U.S. actions seeking to block Russian payments to China and other countries. During a two-day trip to China, the Russian leader emphasized that this strategy was “really stupid and a huge mistake,” considering that these actions affected the status of the U.S. dollar as a reserve currency. Russian … Read more
Tether scales crypto payments in Eastern Europe with new investment
The new investment aims to strengthen CityPay.io’s expansion into Eastern Europe, specifically into Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan. Go to Source
US stablecoin bill to ‘cement’ dollar dominance, fight sanction evasion
The Lummis-Gillibrand Payment Stablecoin Act is a step in the right direction, but enactment in an election year may be difficult. Go to Source
US senators target cryptocurrency use in child abuse trade
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. Go to Source
Stripe bringing back crypto payments, this time with a stablecoin
Stripe customers will be able to pay with USDC beginning this summer, president Jack Collison said, after the company canned BTC payments in 2018. Go to Source
Nigerian Startup, Zone, Raises $8.5M in Seed-Funding Round
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 … Read more
Russia Hints at Development of CBDC-Based BRICS Bridge Payments System
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 … Read more
