Payments

Binance, OKEx Payments Partner Banxa Set to Make Milestone Stock Exchange Listing

Australia-based digital payments infrastructure provider Banxa is set to list on a Canadian stock exchange after being granted approval from local regulators earlier this month. According to a report from the Australian Financial Review’s Street Talk, Banxa’s shares are expected to launch for trading on TSX Venture Exchange on Dec. 25, with a market cap …

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Sweden is studying a potential transition to the e-krona CBDC

The Swedish government is progressing with its central bank digital currency, or CBDC, by launching a formal review of a potential transition to the digital currency. According to a Dec. 11 Bloomberg report, the review will explore the feasibility of moving the country’s payments infrastructure to a digital currency. The country features one of the …

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Crypto Remittances Prove Their Worth in Latin America

Western Union recently announced it would be suspending U.S. dollar transfers to Cuba, due to sanctions from the United States. This may only increase the attractiveness of sending remittances with cryptocurrencies, which are much more resistant to geopolitical tensions. According to the World Bank, Latin America’s formal remittance market is around $96 billion. But traditional …

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US Treasury Wants Regulators to Watch for ‘Potential Risks’ in Digital Asset Innovation

The U.S. Department of the Treasury wants state and federal regulators to keep a vigilant watch on digital asset innovation. According to a report released on Thursday by the Financial Stability Oversight Council, digital assets are a “particularly good example” of both benefits and potential risks associated with innovation. The report highlighted the ambitions by …

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Yes, You Can Spend Your Bitcoin This Black Friday

Get ready to spend some bitcoin – and not just because of the great Black Friday deals.  This year, shoppers can spend or earn bitcoin on discounted deals from all over the world: the Bitcoin Black Friday event is back with over 300 merchants and nonprofits, more than 330 deals, and a chance to win …

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Russia’s Gazprombank debuts Bitcoin trading in Switzerland

Gazprombank Switzerland, a subsidiary of one of the largest banks in Russia, has piloted its Bitcoin (BTC) transaction service following regulatory approval by Swiss regulators. According to a Nov. 19 announcement, Gazprombank will provide its new cryptocurrency solution in collaboration with its long-running partners like fintech firm Avaloq and crypto custody provider Metaco. Gazprombank Switzerland …

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Electrify America rolls out a ‘plug and pay’ charging system

Electrify America Electrify America is looking to simplify the payment process at its charging stations. The company has rolled out a system called Plug & Charge, which can automatically take care of payment when you connect a compatible electric vehicle.  Electrify America now has more than 500 charging stations across the US, with more than …

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Deutsche Bank: Central bank digital currency will replace cash in long term

Deutsche Bank, the largest banking institution in Germany, is confident that central bank digital currencies, or CBDCs, will replace cash in the future. The bank’s research arm, Deutsche Bank Research, published a new report on economic estimations and proposals to assist global economies hit by the coronavirus pandemic. Titled What We Must Do to Rebuild, …

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PayPal Raises Crypto Buying Limit to $15K/Week for ‘Eager’ Customers

PayPal’s cryptocurrency service is going to expand rapidly in 2021, executives said on the payments giant’s third-quarter earnings call Monday evening. That includes crypto services coming to Venmo and international customers in the first half of 2021, PayPal CEO Dan Schulman said.  Currently, only 10% of customers in the U.S. have access to the new …

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