Payments

California Cannabis Chain People’s Remedy Starts Accepting Cryptocurrencies as Payment

<div class=”featured_image_container”> </div> <strong>People’s Remedy, a growing chain of cannabis stores, has started accepting cryptocurrencies as a payment method, allowing their customers to use them as a fast, easy way of getting their products while taking advantage of the traits cryptocurrencies bring to the table. Unlike other stores, People’s Remedy assumes this symbiotic relationship between …

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Electronic Transactions Association Proposes 7 Guiding Principles for a Digital Dollar

<div class=”featured_image_container”> </div> <strong>The Electronic Transactions Association (ETA) has put forward a set of guiding principles to be considered in the creation of a U.S. central bank digital currency (CBDC), also referred to as digital dollar. The organization, which unites hundreds of companies in the payments industry, confirms its commitment to ensuring access to financial …

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Fintechs Invited to Work on Georgia’s Central Bank Digital Currency

<div class=”featured_image_container”> </div> <strong>National Bank of Georgia (NBG) has issued a call for companies in the fintech sector, financial institutions and technology firms to support its efforts to create a digital currency. Georgia’s central bank wants to employ new technologies to raise the efficiency of the country’s payment system and promote financial inclusion. </strong> Georgia’s …

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JPMorgan and DBS to launch blockchain cross-border payment platform

Major American investment bank JPMorgan is working with Singapore’s largest bank, DBS, and state investment firm Temasek to launch a new blockchain company focused on global payments and interbank transactions. Dubbed Partior, the new firm will use blockchain technology and digitize commercial bank money to reduce the existing friction in cross-border payments, trade transactions and …

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Gemini users can now buy Bitcoin with Apple Pay and Google Pay

Major American cryptocurrency exchange Gemini now lets its users purchase cryptocurrencies like Bitcoin (BTC) with Apple Pay and Google Pay. According to a Thursday announcement, Gemini users can now connect their debit cards to Apple Pay or Google Pay for buying crypto with fiat on the platform. The firm noted that user funds will be …

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PayPal-owned Venmo launches cryptocurrency trading

Payments app Square made headlines — and dollars — when it integrated Bitcoin trading into its mobile platform back during the crypto bull market of winter 2017.  Now, rival payments firm Venmo, owned by PayPal, is following suit by launching cryptocurrency trading for four major coins: Bitcoin (BTC), Ether (ETH), Litceoin (LTC) and Bitcoin Cash (BCH). Beginning April …

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Insurance Giant AXA Allows Swiss Clients to Pay for Services With Bitcoin

<div class=”featured_image_container”> </div> <strong>The French multinational insurance firm AXA is now allowing clients in Switzerland to pay for services in bitcoin. The newly added support is part of the company’s “digital future” and stems from customer demand for crypto payments.</strong> AXA Supports Bitcoin Payments In Switzerland AXA has announced it is the first all-lines insurer …

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US President Biden Pushes for More Stimulus, One Million ‘Plus-up’ Payments Go out This Week

<div class=”featured_image_container”> </div> <b>U.S. politicians are talking about stimulus again in order to bolster American jobs and President Joe Biden’s infrastructure plan. At the end of last week, White House press secretary Jen Psaki explained that Biden would meet with bipartisan members of Congress on Monday in order to push his proposal. According to reports, …

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European Central Bank releases results of digital euro consultation

The European Central Bank has published the results of a public consultation on a potential digital euro as the institution inches closer to deciding whether to formally study such an initiative.  According to a Wednesday announcement, the ECB received more than 8,200 responses to its public digital euro consultation — a personal record for the bank regarding …

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Indian IT giant Tech Mahindra to launch stablecoin tool for banks

Indian multinational technology firm Tech Mahindra is developing a new stablecoin service targeting banks and financial institutions. The tech giant announced Monday that it has entered into an agreement with Dutch blockchain application incubator Quantoz to launch a “stablecoin-as-a-service” tool to reduce transaction costs and processing times. The new collaboration targets potential clients from the …

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