Prepare for Outages: Dutch Central Bank Warns Public of Potential Disruptions The Dutch Central Bank has recently issued a stark warning to the public, urging them to prepare for potential outages that could disrupt digital payment systems. This caution comes amidst growing concerns about the reliability of the country’s power supply and the repercussions it […]
Meta plans new blockchain-based payment system
Meta Plans to Revolutionize Digital Payments with Blockchain Technology Meta, formerly known as Facebook, is gearing up to disrupt the digital payment industry with its new venture into blockchain technology. The tech giant has announced plans to introduce a blockchain-based payment system that promises low-cost and efficient digital transfers. This move marks a significant step […]
SEC closes PayPal stablecoin probe with no action
SEC Closes PayPal Stablecoin Probe with No Action The Securities and Exchange Commission (SEC) recently announced the closure of its investigation into PayPal’s stablecoin, PYUSD, with no further action to be taken. This decision comes in the wake of PYUSD experiencing a significant 75% rise in supply throughout the course of this year. The surge […]
Spar in Switzerland enables Bitcoin payments at checkout
Spar in Switzerland Embraces Innovation by Allowing Bitcoin Payments at Checkout Spar, one of Switzerland’s leading grocery chains, has recently taken a significant step towards embracing the future of digital currencies. Customers can now pay for their groceries using Bitcoin, a popular form of cryptocurrency, right at the checkout counter. This innovative move comes as […]
Swiss shift to digital payments opens door for stablecoins
Swiss Embrace Digital Payments: A Doorway to Stablecoins Switzerland, known for its precision watches, impeccable chocolates, and picturesque landscapes, is now making a name for itself in the digital payment realm. Recent data has revealed that digital payments in the country have surged to represent 35% of all in-store purchases, surpassing cash transactions for the […]
BNPL Firm Klarna Files for IPO
BNPL Firm Klarna Files for IPO Klarna, the Swedish digital payments company, has made waves in the financial world by filing for an initial public offering (IPO). This move comes at a time when the demand for Buy Now Pay Later (BNPL) services is skyrocketing, and Klarna is poised to capitalize on this trend. With […]
Brazil’s tax chief calls for stricter controls on digital payments
Brazil’s Tax Chief Advocates for Tighter Oversight on Digital Payments In recent years, the rise of fintech companies in Brazil has revolutionized the way people manage their finances. With the convenience of digital payments, consumers can easily make transactions with just a few taps on their smartphones. However, as the digital payment landscape continues to […]
Limited appeal of retail CBDCs in global adoption
The Limited Appeal of Retail CBDCs in Global Adoption Central Bank Digital Currencies (CBDCs) have been heralded as the future of money, offering a digital alternative to traditional cash issued by central banks. However, despite the buzz surrounding CBDCs, their adoption on a global scale, particularly in the retail sector, has been slower than anticipated. […]
Mastercard and Crypto.com Collaborate to Launch Innovative Payment Solutions in the GCC
In a significant move for digital finance, Mastercard has partnered with Crypto.com to introduce a new range of cards across the Gulf Cooperation Council (GCC) countries. This collaboration aims to fill the gap created by the unavailability of Visa-backed Crypto.com cards, promising a lineup of Mastercard-supported cards that cater to the growing demand for cryptocurrency […]
MiCA-Compliant Stablecoins Set to Revolutionize Digital Payments in Europe
In a significant step towards digital finance modernization, Dutch fintech company Quantoz Payments is launching two stablecoins—EURQ and USDQ—on November 18, 2024. This initiative aligns with the European Union’s Markets in Crypto Assets Regulation (MiCA), intended to enhance the security of digital payments across the continent. Supported by major players in the financial sector, including […]