Brazilian payment app PicPay launches crypto exchange with Paxos
The integration with Paxos marks the first move for PicPay to introduce its 30 million customers to digital assets and help them understand Bitcoin. Go to Source Powered by WPeMatico
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Bitpay Reveals Prepaid Cardholders Can Get up to 15% Cash Back Rewards via Select Retailers
The Atlanta-based crypto payment services company Bitpay has announced that Bitpay’s prepaid cardholders are eligible for cash back rewards if they use their card with participating retailers. The rewards feature stems from Bitpay’s partnership with Cardlytics and cardholders can get up to 15% in cash back rewards on purchases from the service from thousands of … Read more
Reddit partners with FTX to enable ETH gas fees for community points
With the new integration, Reddit users will be able to purchase Ether from supported Reddit apps via FTX’s payment and exchange infrastructure platform FTX Pay. Go to Source Powered by WPeMatico
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report, the eurozone’s monetary authority also claims stablecoins, among other options, are “problematic.” ‘Holy Grail’ of Cross-Border Payments in Reach Through CBDC, European Central Bank Insists … Read more
European Central Bank bets on CBDCs over BTC for cross-border payments
ECB’s interest in identifying the best cross-border payment solution stems from the fact that it serves as the central bank of the 19 European Union countries which have adopted the euro. Go to Source Powered by WPeMatico
Croatian retail giant sees rise in crypto payments despite the bear market
Croatia has been enjoying the growing cryptocurrency adoption despite the ongoing crypto winter, Konzum’s director of business applications Ines Barbir said. Go to Source Powered by WPeMatico
Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700
New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is to improve the fight against organized crime, money laundering, and tax evasion. Critics doubt the law will achieve that. Authorities in Israel Go After Cash … Read more
The Costa’ Bitcoin on the rise: Major chains give Gibraltar a BTC boost
Major franchises in Gibraltar including Costa Coffee, the Card Factor and Hotel Chocolat now accept Bitcoin over the Lightning Network or on-chain. Go to Source Powered by WPeMatico
Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments
The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender for digital transactions in the country while the regulator also wants to ensure that it will be exchangeable across borders. Digital Rupiah Concept Expected by Year End Indonesia’s monetary authority is … Read more
Workers in volatile economies most likely to take pay in crypto: Report
There has been an increase in employee crypto payments for the first half of this year despite the market crash, according to Deel. Go to Source Powered by WPeMatico