Category: Digital Payments

Stripe builds new crypto team for payments three years after dropping Bitcoin

October 13, 2021

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U.S. fintech giant Stripe is hiring a new blockchain team to enable crypto payments for its users. The $100 billion company is returning to the crypto sector three years after it pulled back from offering Bitcoin support due its slow transaction times and rising fees. According to a job listing page on Stripe’s website, the […]

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Venmo enables users to automatically buy crypto with ‘cash back’ rewards

August 11, 2021

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Paypal-owned payments firm Venmo has expanded its crypto support by enabling credit cardholders to convert their cash back rewards into four digital assets hosted on the platform. 2844 Total views 59 Total shares Paypal-owned payments firm Venmo has launched a new crypto ‘cash back’ feature that includes zero transactions on crypto purchases. According to an […]

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New Zealand’s Reserve Bank consulting public on a potential CBDC

July 8, 2021

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The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins. 1595 Total views 11 Total shares The Reserve Bank of New Zealand says a central bank digital currency might be a […]

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Libra Plans Dollar-Pegged Stablecoin Launch in January 2021: Report

November 27, 2020

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Nov 27, 2020 at 6:20 a.m. UTCUpdated Nov 27, 2020 at 8:38 a.m. UTC Libra Plans Dollar-Pegged Stablecoin Launch in January 2021: Report Libra, the Facebook-initiated stablecoin project that’s been targeted continuously by lawmakers, might get off the ground as early as January 2021, albeit in a more limited format than the original multi-currency basket […]

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In India, a Clash of Digital Innovation and Internet Censorship

November 25, 2020

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Nov 25, 2020 at 1:00 p.m. UTC (Danshutter/Shutterstock) In India, a Clash of Digital Innovation and Internet Censorship Earlier this month, reacting to a decision by India’s highest court, prominent comedian Kunal Kamra tweeted that India’s Supreme Court is the “most Supreme joke of this country.”  The following day, local media reported that Attorney General […]

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Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years

November 19, 2020

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Nov 19, 2020 at 11:23 p.m. UTCUpdated Nov 20, 2020 at 3:07 p.m. UTC The yuan, China’s national currency.(Shutterstock) Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years The digital yuan, China’s planned national virtual currency, would account for 15% of total consumption payments in 10 years, helping commercial banks gain more […]

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