Browsing: Payments

Jack Dorsey’s declaration that ‘Bitcoin is not crypto’ ignites fierce debate about BTC’s fundamental identity, pitting maximalists against broader ecosystem supporters while highlighting regulatory challenges and technical barriers to Bitcoin becoming everyday money.

Steak ‘n Shake’s reversal on Ether payments after Bitcoin community backlash, combined with the Bitcoin Core v30 update’s technical and legal implications, highlights ongoing crypto tribalism and its impact on business adoption and network evolution.

Jack Dorsey advocates for tax-free small Bitcoin transactions to boost everyday use, amid Square’s payment integration and Senate debates on crypto tax exemptions, highlighting regulatory challenges and global trends.

Square’s new Bitcoin payment service for US merchants, alongside Walmart’s OnePay superapp integration and regulatory advancements, signals a major shift towards crypto adoption in everyday payments, driven by technological innovations and institutional backing.

Rezolve AI’s acquisition of Smartpay highlights the growing synergy between AI and stablecoins in digital payments, driving efficiency and adoption across global markets.

SWIFT’s adoption of Consensys’ Ethereum layer-2 Linea for real-time crypto payments marks a pivotal shift, merging traditional and decentralized finance with over 30 major banks involved, promising faster settlements and reduced costs in a $150 trillion annual market.

Qatar National Bank’s adoption of JPMorgan’s Kinexys blockchain platform marks a significant advancement in corporate payment processing, enabling near-instant, 24/7 US dollar transactions and highlighting the growing institutional integration of distributed ledger technology in traditional banking operations.

Cloudflare’s announcement of the NET Dollar stablecoin aims to revolutionize AI-driven payments, highlighting a broader trend of tech integration in crypto for enhanced efficiency and global interoperability.

Ian Calderon, a pro-Bitcoin Democrat, has launched his campaign for California governor, emphasizing crypto adoption amid a crowded race, while global and state-level crypto initiatives shape regulatory landscapes.

Fnality’s $136 million Series C funding round, led by major banks, marks a significant step in bridging traditional finance with blockchain technology, enabling real-time settlements and enhanced liquidity for institutional payments.

SBI Shinsei Bank’s new partnership aims to revolutionize cross-border payments with a blockchain-based system for tokenized deposits, enhancing efficiency and reducing costs in the crypto market.

The US Federal Reserve’s upcoming conference on digital assets, focusing on stablecoins and tokenization, aims to innovate payments amid political challenges to its independence, with potential implications for regulatory clarity and market stability.

Bitcoin’s $110K support level is under scrutiny as the cryptocurrency faces a bearish start to August, with historical trends and macroeconomic pressures influencing its short-term price movements.

Ripple’s $200 million acquisition of Rails aims to revolutionize stablecoin payments, integrating RLUSD and compliance tools globally, marking a pivotal shift in digital asset infrastructure.

Indonesia introduces new tax regulations for the crypto asset industry, increasing taxes for sellers and miners while exempting buyers from VAT, aiming to balance regulation with market growth.

Exploring the transformative impact of AI and payments on cryptocurrency adoption by 2025, alongside current market trends and future prospects in financial planning.

Bhutan is pioneering the use of cryptocurrency in its tourism sector to modernize payments and attract a new generation of travelers.

A Bitcoin user’s accidental $60,000 fee payment underscores the importance of understanding cryptocurrency transaction fees and the risks of manual adjustments.