Bitcoin Lightning Network is 1,000x cheaper than Visa and MasterCard: Data
Glassnode data demonstrates that the Lightning Network outcompetes traditional payment networks in terms of commission costs. Go to Source Powered by WPeMatico
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Fireblocks VP: Big names won’t go back after discovering crypto payments’ potential
Ran Goldi, the vice president of payments at Fireblocks, believes that affordability and speed will keep big brands that have implemented crypto payments in the last two years. Go to Source Powered by WPeMatico
Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements
Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying. Russia’s Central Bank ‘Actively Working’ With Turkey on New Payment Gateways The … Read more
Israel’s central bank says CBDC could be issued if stablecoin use increases
The Bank of Israel does not want private companies taking over the digital payments system in the country. Go to Source Powered by WPeMatico
MicroStrategy’s Saylor fuses work email address with Bitcoin Lightning
Fans of the Bitcoin bull have been transferring him 21 Satoshis as a way to test out the feature. Go to Source Powered by WPeMatico
Bank of England preparing for greater role of tokenization in finance, official says
BoE deputy governor Sir Jon Cunliffe looked at stablecoin, CBDC and other forms of tokenization taking hold in the modern economy in a speech on financial innovation. Go to Source Powered by WPeMatico
Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils
Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent collapse. Terraform Labs Transferred Large Amounts of Money to South Korean … Read more
Circle exec to join US Congressional committee hearing on stablecoin payments, legislation
The Financial Services Committee issued a memorandum to announce an upcoming hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation.” Go to Source Powered by WPeMatico
Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says
Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like the digital yuan, and … Read more
Crypto could eliminate 97% of traditional remittance fees: Coinbase
U.S. consumers sending international bank transfers pay more than $12 billion annually in remittance fees alone. Go to Source Powered by WPeMatico