This week, PayPal ventured into blockchain for the first time, and Coinbase turns to cross-border payments. Top Stories This Week PayPal Invests in Digital Identity-Focused Blockchain Startup in Apparent First Global online payments firm PayPal has invested in startup Cambridge Blockchain, a firm that focuses on leveraging the tech in order to give users more […]
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Celo plans to use a dedicated USD-backed stablecoin to provide unbanked consumers with payment options. Blockchain payments startup Celo has raised $30 million from well-known crypto investors Polychain Capital and Andreessen Horowitz, the Wall Street Journal (WSJ) reported on April 2. Celo, which is the trading name of A Protocol Inc., plans to use an […]
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Bitcoin briefly hits $4,800, stays at $4,600, while other top coins are all in the green amid a significant markets uprising. Tuesday, April 2 — Bitcoin (BTC) has pushed over $4,500 for the first time this year, while top crypto markets are solidly in the green for the second day in a row, some seeing […]
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Coinbase customers can now transfer funds to any user with a Coinbase account around the world. American major cryptocurrency exchange Coinbase has expanded into cross-border payments. Coinbase revealed the development in a recent announcement. Coinbase customers can now transfer funds to any user with a Coinbase account around the world using Ripple (XRP) and the […]
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Major private Indian bank, Federal Bank, has partnered with Ripple for its cross-border remittances network. India’s Federal Bank, a commercial private bank, has partnered with Ripple to use its network for cross-border remittances. The bank announced the development in a letter on March 28. The partnership with Ripple comes as part of a wider initiative […]
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Universal Protocol’s stablecoin Universal Euro will be pegged to the euro on a 1:1 basis and will allow holders to earn interest. The Universal Protocol (UP) Alliance, a coalition of blockchain firms including crypto exchange Bittrex and decentralized browser Brave, will launch its own euro-pegged stablecoin in April, according to a press release on March […]
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Financial services provider Western Union is partnering with Stellar collaborator Thunes to enable WU clients to transfer funds directly to mobile wallets globally. Payments giant Western Union (WU) is partnering with Stellar (XLM) collaborator Thunes to enable WU clients to transfer funds directly to mobile wallets globally. The development was announced in an official press […]
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A number of banks revealed plans to issue their own tokens, following JPMorgan Chase’s move. This week, a number of banks shed light on their respective crypto-related projects, following the recent expansion of JPMorgan Chase into the field. IBM was the big mover. A joint announcement by IBM and Stellar (XMR) said that as many […]
Continue ReadingSix global banks will reportedly issue their own stablecoins backed by their national fiat currencies on IBM’s Stellar-powered payments network. Six international banks have reportedly signed letters of intent to issue their own stablecoins backed by their national fiat currencies on IBM’s now-live blockchain-powered payments network, “World Wire.” The news was jointly announced by IBM […]
Continue ReadingIBM’s Jesse Lund, has hinted that bank-targeted stablecoins will be a major forthcoming development for IBM’s blockchain-powered cross-border payments solution. The head of blockchain solutions for IBM, Jesse Lund, has hinted that bank-targeted stablecoins will be a major forthcoming development for the tech giant’s blockchain-powered cross-border payments solution. Lund made his remarks during an interview […]
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