Payments – Page 50

Square to acquire Australian fintech Afterpay in $29B deal

Square will acquire Australian fintech firm Afterpay in a $29 billion stock deal, expecting to close the transaction in Q1 2022.

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Bank of America outlines 4 potential benefits of El Salvador’s Bitcoin strategy

“More than 70% of the adult population of El Salvador does not have a bank account,” reads the latest Global Research report from Bank of America. “For that reason, democratizing access to electronic payments, through Bitcoin, has a progressive touch.”

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PayPal reportedly assembling crypto team in Ireland as Bitcoin adoption grows

The new hires will help PayPal expand its crypto-focused business offering at a time of rapid adoption of Bitcoin and Ether.

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Digitizing charity: We can do better at doing good

Blockchain technology won’t just make online donations easier, it will pave the way for exciting new forms of charity fundraising.

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Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sandbox

President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers. New Legislation Allows Ukrainian Central Bank to Issue Digital Currency The President of […]

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Fed Governor Lael Brainard Can’t Imagine Future Without Digital Dollar

Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic applications. US Fed’s Lael Brainard Can’t Wrap Head […]

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Bitcoin for cash: Do crypto ATMs make buying BTC easier for the mainstream?

Bitcoin ATMs may make it easier for the mainstream and unbanked to access crypto, but will security risks hamper adoption?

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Digital Yuan to Promote International Use of Chinese Currency, Experts Say

The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct cross-border tests with the yuan’s digitized version, the e-CNY. Digital Yuan […]

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PayPal’s crypto ‘super app’ set to roll out soon

Dan Schulman said the project was already “code complete” and planned to be fully ramped in the United States in the next several months.

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Paypal Plans to Study Transactions That Fund Extremism, Anti-Government Groups

The payment processing giant Paypal has revealed it has partnered with the nonprofit organization the Anti-Defamation League (ADL). According to the announcement, Paypal is researching transactions settled on the payment network that allegedly fund hate groups and extremism. Paypal to Study Transactions With the Anti-Defamation League A report from Reuters notes that Paypal is studying […]

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