UAE research showcases challenges facing Blockchain implementation in UAE banking sector
The UAE based ADGM (Abu Dhabi Global Market) Academy research Centre alongside the College of Business and Economics at the United Arab Emirates University (UAEEU) carried out a research project entitled, “Digital Transformation of banking and financial institutions in the UAE: Understanding the common challenges for collective action” aimed at understanding the current landscape of […]
PayPal now allows US customers to checkout with cryptocurrency
TL;DR Breakdown PayPal now allows US customers to checkout using cryptocurrency, in addition to other payment options. This comes as part of the company’s effort to drive up the adoption of cryptocurrencies. Last year, the American payment giant PayPal launched its cryptocurrency service, allowing customers in the United States to invest in popular digital currencies, […]
No DOGE payment: McDonald teases crypto investors over market dip?
Brisbane-based crypto exchange Swyftx has penned a major three-year sponsorship deal with the Australian National Rugby League (NRL). Swyftx is registered in Australia and New Zealand and offers trading services for around 300 digital assets. The firm was founded in 2018 and the NRL deal marks another major milestone for promoting the local crypto and […]
MrBeast Burger asks for Elon Musk’s retweet to accept Dogecoin
TL;DR Breakdown: MrBeast Burger has offered to list Dogecoin if Elon Musk retweets their post. Musk recently offered to eat a happy meal on TV if McDonald’s accepted DOGE. MrBeast Burger, a delivery-only fast-food company founded by popular YouTuber and internet personality Jimmy Donaldson (a.ka. MrBeast), is offering to accept Dogecoin (DOGE) for payments if […]
Travala now supports Lightning Network for Bitcoin payments
Tl;DR Breakdown: Travala has partnered with OpenNode to enable payments in Bitcoin Lightning Network. The company supports more than 50 digital currencies for payment. Currently, the capacity of the network is at 3,300 BTC. Popular crypto-friendly travel booking platform Travala.com announced Wednesday it now supports Lightning Network for payments in Bitcoin. Besides Bitcoin, the company […]
Meta’s WhatsApp will allow Novi money transfers in the U.S.
TL;DR Breakdown Meta Platforms Inc’s crypto wallet, Novi, has established a service where users can make transactions through WhatsApp. The pilot program will only be accessible to a restricted figure. Meta Platforms Inc’s cryptocurrency wallet, Novi, will collaborate with WhatsApp to bring a modern product. Some users of the leading message app will be allowed […]
Mobile payment app Lydia now supports crypto trading
TL;DR Breakdown: About 5.5 million users of the mobile payment app Lydia can now trade cryptocurrency and stocks. The payment app partnered with Bitpanda to offer more financial products to users. The collaborations align with Bitpanda’s plans to accelerate digital asset adoption in France and Europe. The Paris-based mobile payment platform Lydia has joined the […]
Newegg might accept Shiba Inu (SHIB) for payments
TL;DR Breakdown: Electronics retailer Newegg may be considering adding Shiba Inu for payments on its marketplace. The company made a tweet, asking the SHIB team to message them to clarify some of their questions. SHIB/USD is now supported on both Gemini and Binance.US. A new tweet from Newegg on Saturday suggests that the PC components […]
Alchemy Pay eyes top spot in fiat-crypto payments
TL;DR Breakdown Alchemy Pay, an upcoming platform leveraging blockchain technology, seeks to bring a new era in crypto-fiat payments. The platform currently serves over 60 countries, improving functionality while solidifying ties with other platforms like Visa, PayPal, and Binance. The chief of staff at Alchemy Pay has expressed the crypto-fiat payment platform’s plan to be […]
Visa is hiring “Readiness Lead” to drive its crypto business
TL;DR Breakdown: Visa is hiring another cryptocurrency expert to lead its crypto ecosystem team. The payment company has previously made strategic hires to strengthen its crypto initiative. As with some other financial institutions, payment giant Visa has demonstrated interest to reposition itself to blend with cryptocurrencies. Recently, it partnered with digital wallets and crypto exchanges […]
Mastercard courts 45% of the APAC crypto community with new payment cards
TL; DR Breakdown Mastercard is rolling out three crypto-funded cards targetting the Asia and Pacific Countries (APAC) region. Holders will be able to convert crypto into fiat instantly and use the cards in outlets supporting Mastercard. Mastercard has announced a partnership that’ll ease crypto payments across the APAC region. The payments firm has said it’ll […]
Packers’ QB Aaron Rodgers to receive NFL salary in Bitcoin
TL;DR Breakdown: Aaron Rodgers of Green Bay Packers now accepts part of his salary in Bitcoin. He also gave away $1 million in Bitcoin to his fans to make the “future of money” accessible to them. The sports-crypto connection is getting much stronger. Green Bay Packers quarterback, Aaron Rodgers, has joined the growing list of […]
Shiba Inu (SHIB) is becoming a popular payment currency
TL;DR Breakdown: Shiba Inu has become a payment currency on NOWPayments. Shopping.io is also offering a 5% discount for all payments made with SHIB for the next seven days. The Shiba Inu community is more than euphoric following the price movements of the meme cryptocurrency this past week. In light of the growing attention on […]
AMC Theatres to accept payments in Bitcoin, and major altcoins
TL;DR Breakdown: AMC Theatres CEO has confirmed the entertainment giant will roll out the planned crypto payments service later this year. They will also support three more cryptocurrencies besides Bitcoin. Adam Aron, the chief executive officer at AMC Theatres, has confirmed the news that the world’s leading movie theater chain is planning to roll out […]
Mexican retail giant Grupo Elektra will adopt Bitcoin Lightning soon
TL;DR Breakdown: Popular Mexican retailing and banking company, Grupo Elektra, will support the Bitcoin Lightning network. The network allows for a faster and cheaper transaction with Bitcoin, and it’s ideal for micropayments. A major financial and retail company in Mexico, Grupo Elektra, will soon begin to accept payments in Bitcoin, according to the billionaire owner, […]
Elon Musk supports latest Dogecoin update for reduced fee
TL;DR Breakdown: Elon Musk says the newest Dogecoin update is “important.” The Dogecoin Core 1.14.4 includes bug fixes and performance improvements for the network. The billionaire Dogecoin (DOGE) supporter, Elon Musk, has shown his support for a new update to the Dogecoin network aimed at improving securing and reducing transaction fees. As more nodes upgrade […]
Cuba ready to allow crypto payments for socioeconomic reasons
TL;DR Breakdown: The Cuban government says it will recognize and regulate crypto payments. Crypto adoption has risen significantly in the country following the sanction imposed by the US government. The government of the Republic of Cuba is ready to allow and regulate the use of Bitcoin and other cryptocurrencies within the country for payments, according […]
Everton FC becomes third EPL team to launch fan token on Socios.com
TL;DR Breakdown: Everton FC will soon launch a fan token “$EFC” on the Socios.com platform The holders of the token can participate in the club’s interactive polls throughout the season. Popular English football club, Everton FC, has reportedly teamed with Chiliz, a blockchain platform for sports and entertainment, to launch a fan token “$EFC” on […]
Europe’s leading insurer AXA now accepts Bitcoin payment
TL;DR Breakdown All-lines insurer AXA announced that customers can now pay bills in Bitcoin. The company chose BTC, as customers have been increasingly demanding other alternatives for payment. Following the growing popularity of cryptocurrencies, the Switzerland-based all-lines insurer AXA has enabled crypto payment options for its customers. Almost all the services offered by the company […]
Visa now accepts USDC as a settlement currency
TL;DR Breakdown Visa now accepts USDC stablecoin as a settlement currency. The company said its customers are increasingly demanding access to digital currencies. Digital currencies are becoming almost unavoidable for many financial companies, following the growing interest and acceptance across many countries. Today, Visa Inc. has become the first major payment network to support a […]
JUST IN: Tesla now accepts Bitcoin payment
TL;DR Breakdown: Tesla now accepts payments in Bitcoin for its electric cars. The company plans to retain any Bitcoin paid to them instead of converting back to cash. Popular electric car manufacturer, Tesla, has finally rolled out support for customers to purchase its products using the largest cryptocurrency, Bitcoin (BTC). Elon Musk, the CEO of […]
Privacy-focused messenger, Signal now accepts crypto donations
TL;DR Breakdown Signal, an encrypted cross-platform messaging service, has rolled out support for crypto donations. The donations are geared towards the project development. Popular privacy-focused messaging application, Signal now supports donations in Bitcoin (BTC) and 11 other digital currencies. Funds donated to the Signal Technology Foundation are used to further the application’s development, bandwidth, and […]
Oakland Athletics now accepts Bitcoin for its full-season suites
TL;DR Breakdown: Oakland Athletics is accepting Bitcoin payment for its full-season six-person suites. Bitcoin adoption is gradually increasing in the U.S. sports industry. Amid the growing awareness and adoption of Bitcoin, many organizations have added the cryptocurrency as part of their balance sheet. Besides buying Bitcoin as a store of value, some other companies are […]
SBI Group to disburse its year-end benefit in XRP
TL;DR Breakdown: SBI Group will distribute its shareholders’ dividends in XRP cryptocurrency. The amount of XRP to be distributed will be determined by the coin’s price on June 30. Leading Japanese financial services company, SBI Group, is planning to distribute its year-end benefit to shareholders in XRP, the native cryptocurrency of blockchain payment company Ripple. […]
Meme to mainstream: US-based Wooter Apparel now accepts Dogecoin
TL;DR Breakdown Wooter Apparel now accepts Dogecoin as a crypto payment option. There are reportedly about 120 companies that accept Dogecoin as a payment option. The meme cryptocurrency, Dogecoin (DOGE), is gradually rising to the mainstream following recent tweets and promotions from popular figures and celebrities, including the CEO of Tesla and SpaceX, Elon Musk. […]
SBI adopts JPMorgan’s Blockchain network for cross-border payments
TL;DR Breakdown SBI has become the first bank in India to join the JPMorgan blockchain network for better cross-border payments. The blockchain is expected to simplify the processes involved with the traditional system. The banking industry is unarguably one major sector where blockchain technology is playing a significant role, especially when it comes to making […]
RippleNet bags SOC-2 certification
TL;DR Breakdown: Ripple reported massive growth in adoption and transaction volume on its Cloud service. Additionally, its RippleNet is now SOC 2 certified. Regardless of the recent US charges announced against Ripple, the blockchain company has continued to strengthen its reputation in the crypto industry. Its global payment network, RippleNet, has reportedly bagged a System […]
OKCoin to support Blockchain domain names
TL;DR Breakdown: Chinese Bitcoin exchange, OKCoin partnered with Unstoppable Domains to support blockchain domain names for crypto payment. The exchange is now the first to introduce such a service to users. The leading Beijing-based Bitcoin exchange, OKCoin, has collaborated with Unstoppable Domains to introduced human-readable domain names to receive and send cryptocurrencies easily. Crypto wallet […]
Pornhub adds new cryptos for payment, 16 in total
TL;DR Breakdown Pornhub has added support for more cryptocurrencies, including XRP and BNB. In total, the company now supports about 16 digital currencies. Pornhub, the popular adult entertainment platform, is diving fully into the use of digital currencies for payment. To ensure the privacy of users probably, Cryptopolitan reported that the website had recently defaulted […]
PayPal announces US crypto services
PayPal announces today that it will allow US users to access its crypto services. The decision came from the fact there was a high demand for crypto services in the US. The management team pushed for the move to occur as they are expectant the move was a wise one. PayPal announces US crypto services […]
Coinbase enables Bitcoin payment for US passport service
A picture expeditor, Peninsula Visa partners with Coinbase Commerce to enable payment with Bitcoin. The company becomes the first to enable such a payment service for US passports. It’s no longer news that digital currencies are holding ground as a viable means of payment in the globe today. In recent months, Cryptopolitan reported about several […]
PayPal experiences rise in Bitcoin demand
PayPal experiences a rise in Bitcoin and cryptocurrency demand beyond what was expected. By quarter three earnings call, Dan Schulman, the CEO of PayPal, said customers were keen to join their crypto services at a rate that caught the company off guard. Mr. Schulman said that the surge in demand was a wish, and he […]
Crypto hackers donate $20K worth of Bitcoin to Charity organizations
Crypto hackers sent a total of $20,000 to charity organizations. The non-profits rejected the donations since it was made by hackers. A recent report from BBC has informed that some darkside crypto hackers have donated about $10,000 worth of cryptocurrencies, precisely Bitcoin (BTC), to two different charity organizations. This particular act has left many cybersecurity […]
Swipe now supports Samsung Pay for its Visa cardholders in US
Swipe enables support for Samsung Pay for its US users. This follows the official launching of its Visa Card for US customers except those in NY. Swipe Wallet, a leading digital currency wallet and card payment application, has stepped up its already-existing partnership with Samsung’s payment application dubbed ‘Samsung Pay.’ Following recent information shared by […]
Crypto payments now supported on first Blockchain golf game
Blocklete Games, the Blockchain gaming division of Turner Sports, has entered a new partnership today to debut crypto payments for its games. Starting with its flagship game, Blocklete Golf, the players will now be able to purchase and pay for certain features via cryptocurrencies. The crypto payments were enabled by BitPay, the leading digital currency […]
Ripple initiates move to decarbonize Blockchains by 2030
Ripple, the blockchain payment company behind the XRP cryptocurrency, has commenced the first carbon net-zero movement in the blockchain industry. As different sectors of the world continue to solve their way to a healthy ecosystem, the blockchain industry has opted to join the trend as well, as displayed by the payment company today. Ripple pushes […]
Cleveland Fed president revealed research in potential CBDC
Cleveland Fed president announced that Fed is exploring CBDCs Fed is also exploring various DLT-based technologies and platforms For time being, Fed’s focus is on the functioning of payment system During the session of the 20th Anniversary Chicago Payments Symposium, Cleveland president of the Federal Reserve Bank, Loretta Mester, revealed that they have ongoing research […]
Ternio announce: direct BTC purchase now available from BlockCard accounts
Ternio announce: direct BTC purchase now available from BlockCard accounts Ternio BlockCard are now able to purchase BTC directly from the account dashboard BlockCard bank accounts have gone live recently Ternio is planning to launch BlockCard products for the global audience by the end of this year Ternio has just announced that holders of their […]
Cross border trading in Saudi Arabia uses blockchain
Saudi Arabia Business Leaders have proposed that the G20 kickstart blockchain trading which would bring the best out of cross border trading. In the statement that was released by Saudi Arabia, it noted that the main aim of the new blockchain technology cross border trading is to make sure investments comply with international financial rules. […]
Just Eat France now supports Bitcoin payments
Just Eat, an online food delivery service has included Bitcoin (BTC) amongst other payment methods available for its customers based in France. As a result, users can choose to pay for foods delivered to their homes using the popular cryptocurrency. This probably comes as a part of the Just Eat redesign after the company was […]
