Crypto Biz: DID you see what Africa is doing with Web3?
Decentralized identity services could play a vital role in promoting Web3 payments in emerging markets like Africa. This week’s Crypto Biz has the latest. Go to Source Powered by WPeMatico
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Russian officials approve use of crypto for cross-border payments: Report
Deputy finance minister Alexei Moiseev said the policy describes “how to acquire cryptocurrency, what can be done with it” and its use in cross-border settlements. Go to Source Powered by WPeMatico
Regulated fintech in Bahrain enables crypto payments with Binance
The Central Bank of Bahrain gives the nod to EazyPay, launching crypto payments for more than 5,000 payment gateways in the country. Go to Source Powered by WPeMatico
Hearing: Alternative payments’ threat to national security goes far beyond crypto
Crypto is just the tip of the iceberg, experts tell a U.S. House Financial Service subcommittee in testimony on payment systems and national security. Go to Source Powered by WPeMatico
Bitcoin still dominates total payments on BitPay despite the bear market
Total crypto payments on BitPay remained stable despite the bear market, with monthly transactions surging from around 58,000 in 2021 to 67,000 in 2022. Go to Source Powered by WPeMatico
Business owners should get off PayPal and move to the blockchain
Cryptocurrency platforms offer lower fees and more convenience than their corporate competitors. That’s a boon for entrepreneurs. Go to Source Powered by WPeMatico
Ethereum-Based ‘Cryptoruble’ Token Under Development in Russia
Developers are working on a “cryptoruble” that, as they say, can improve Russians’ access to global exchanges and be used for cross-border payments. Defi platform Indefibank, which is behind the project, says the token will be pegged to the national fiat but independent from a state-issued digital ruble. Cryptoruble to Give Russian Companies Another Option … Read more
Binance partners with Ukrainian supermarket chain to accept crypto through Pay Wallet.
Customers who use the Binance Pay Wallet to pay for their orders will be eligible to enter a rewards program. Go to Source Powered by WPeMatico
US Treasury report encourages instant payment, recommends more CBDC research
In one of three reports released simultaneously Friday, the Treasury Dept. talks cautiously about stablecoins and CBDC in the context of wider payment technology. Go to Source Powered by WPeMatico
Crypto for foreign trade: What do we know about Iran’s new strategy
Iran has decided to legalize the use of crypto in cross-border payments, which could impact how some countries view crypto. Go to Source Powered by WPeMatico