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Meta is contacting infrastructure providers to explore the implementation of stablecoins with a payout use case in mind. The development would mark a new start for the company’s crypto plans after dropping the Libra project. Meta Reportedly Mulling Stablecoins for Small Payouts to Creators Meta, the social behemoth, is reportedly getting into the world of … Read more
Why are refunds important in stablecoin payments? Anyone who has used traditional payment systems will likely be familiar with refunds and chargebacks. If a purchase goes wrong, like receiving damaged items or not receiving the product at all, the payer can file a complaint with the seller to recover their funds. This process of refunds … Read more
Messika, the Parisian fine jewelry brand, now accepts cryptocurrency payments across its boutiques and online store, embracing bitcoin, ether, USDT, and solana through a seamless integration with Lunu. Messika Now Accepts Bitcoin and Other Cryptocurrencies Worldwide Paris-based fine jewelry house Messika has taken a major step into the future of luxury retail, announcing it now … Read more
According to the Central Bank of Russia, 53.5% of all imports to the country were paid for with Russian rubles in February, marking a historic record. Currencies from unfriendly countries, including the U.S. dollar, accounted for only 17.2%, representing a success for a nation facing unilateral sanctions from the U.S. government. Russia Pays Imports Mostly … Read more
Panama City Mayor has said the Panama District municipality will become the first in the nation to accept cryptocurrency payments for services, following unanimous approval by the City Council. Unanimous Approval The Panama City Mayor Mayer Mizrachi announced on April 15 that the Panama District municipality will become the first in the nation to accept … Read more
Several international analysts examined how the introduction of a BRICS international payment system might affect the current use of the U.S. dollar in trade. Experts cited sanctions evasion, cost reduction, and transaction confidentiality as the main advantages of this system compared to alternatives like SWIFT. Experts Warn Upcoming BRICS Payment System Might Dent Dollar’s Trade … Read more
Dorsey stated that if bitcoin were to fail, it would be because it did not become a necessary tool for people’s daily use. He asserted that bitcoin must be committed to the payment use case to avoid becoming something you “buy and forget.” Block’s Jack Dorsey Believes Bitcoin May Fail by Becoming Irrelevant The current … Read more
The digital payments sector, particularly in cryptocurrency, is a regulatory battleground. Some users welcome regulation for weeding out bad actors and enhancing service quality, while others see it as stifling innovation. The head of Bybit’s payment business unit believes regulation brings clarity, safety, and confidence. Regulation a ‘Net Positive’ for Payments Says Bybit Exec The … Read more
Kushki, an Ecuador-based fintech company, has revealed that more than half of all centennials in Chile use digital means to settle their payments and are knowledgeable about crypto and its uses. Centennials in Chile Are Familiar With Digital and Crypto Settlements Latam is quickly leaning towards tech-based and digital settlement platforms, including fiat and crypto … Read more
According to Petr Kozyakov, trust in traditional finance, notwithstanding its inefficiencies, creates hesitancy among businesses and regulators regarding stablecoins. Traditional Finance Inertia Hinders Crypto Adoption Despite the early promises of blockchain technology to revolutionize global finance, cryptocurrency payments, while gaining traction, remain a small fraction of the overall market. Industry experts point to a combination … Read more