Stripe bringing back crypto payments, this time with a stablecoin
Stripe customers will be able to pay with USDC beginning this summer, president Jack Collison said, after the company canned BTC payments in 2018. Go to Source
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FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8 … Read more
Credit cards can bridge Web2 to Web3, says music industry exec
As decentralized finance continues to become more mainstream, traditional financial tools can serve as a bridge from Web2 to Web3 for those who still remain skeptical. Go to Source Powered by WPeMatico
More details emerge on Twitter Coins — and crypto’s not included
Tech blogger and app researcher Nima Owji said he didn’t find any indication that cryptocurrencies were involved. Go to Source Powered by WPeMatico
Solana-based market maker integrates Stripe for fiat-crypto transactions
The Solana-based automated market maker Orca opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe’s onramp. Go to Source Powered by WPeMatico
Moonvember kicks off with sweeping staff layoffs across crypto
There are still pockets of hope however, with some companies looking to expand despite the market conditions. 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
Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions
Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt Support for Bankoff Cards Payment processors Visa and … Read more
Twitter and Stripe roll out USDC payout program for creators via Polygon
In addition to payments to bank accounts and debit cards, select content creators can now elect to have USDC earnings sent to their wallets. Go to Source Powered by WPeMatico
Payments Giant Stripe Rolls Out Pilot to Test Crypto Payouts With Twitter
On April 22, the payments giant Stripe announced that it is expanding global payouts with crypto assets via a new pilot. Stripe’s crypto executive Karan Sharma revealed crypto payouts for the firm’s Connect service to a select group of Twitter users as the social media platform is Stripe’s first partner. Stripe and Twitter Partner to … Read more