The fourth investment of the year from the Stellar Development Foundation has gone into Settle Network, a Latin American stablecoin and payments provider. The Stellar Development Foundation has invested Settle Network, the largest digital assets settlement network in the Latin American region. It marks the fourth investment this year from the SDF enterprise fund, bringing […]
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This seeming fight or flight response to blockchain’s rising ubiquity may be “too little, too late.” SWIFT, the Brussels-based interbank cooperative, has unveiled its first active instant cross-border payment connection — a move that could have major implications for the global payments landscape. The cooperative announced Thursday that U.K.-based Lloyds Banking Group has become the […]
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Libra Association founding member, Bison Trails, has released a QT protocol allowing developers to read and write data to Libra’s pre-mainnet using off-chain systems. Blockchain technology and staking service provider Bison Trail has announced the launch of its Query and Transactions Clusters, or QT, protocol to help developers build on Facebook’s forthcoming Libra network. Libra […]
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BitPay beat Pinterest by several ranks on Deloitte’s prestigious list. As cryptocurrencies continue gaining mainstream attention, some of the industry’s native companies have also joined the spotlight. Bitcoin payment processing company BitPay joined the ranks of 499 other important technology companies today. Big Four accounting firm Deloitte sees BitPay as one of North America’s top […]
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PayPal’s crypto integration may bode well for Bitcoin price as its user base could triple Bitcoin (BTC) price has again punched through the $13,000 mark after yesterday’s PayPal’s announcement sparked a powerful rally which drove the price to a new 2020 high. Currently sitting near $13,100, Bitcoin price has rallied nearly 10% since the announcement […]
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Trusple platform promises to apply blockchain, AI and IoT technology to streamline cross-border trading processes for SMEs. Ant Group, the parent company of Chinese payments giant Alipay, unveiled its new Antchain-based global trade platform for small to medium-sized enterprises, or SMEs on Sep. 25. Going by the moniker of Trusple, the platform is based around […]
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The COVID-19 pandemic might help to further Qatar’s national strategy in the fintech and blockchain spaces to reduce the crisis’s impact. The nation of Qatar is a World Bank “high-income economy,” backed by the world’s third-largest natural gas and oil reserves. It has the third-highest GDP per capita in the world (by purchasing power parity), […]
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As interoperable blockchain solutions gain traction, many believe that the technology is still relatively nascent and needs more polishing. Cross-chain interoperability is a domain that has piqued the interest of many financial institutions over the years, as it stands to produce a technology that can potentially mitigate a whole host of their recurring operational issues […]
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From today onwards, Canadian firms operating with virtual currencies will be legally recognized as Money Service Businesses. Cryptocurrency exchanges and payment processors are now legally recognized as Money Service Businesses (MSB) within Canada. June 1 saw the enactment of amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act that were passed in […]
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Bitpay won’t be using Lightning or Liquid any time soon, with actual Bitcoin payments still accounting for 95% of transactions. Pioneering crypto payments service Bitpay has revealed that Bitcoin still overwhelmingly dominates payments and that it has no plans to use second layer solutions like the Lightning or Liquid networks. Bitcoin is often criticised as […]
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