Payments

Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO,…

Ripple’s recently published 2023 Trends in Regional Payments ebook highlights the transformative role of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is witnessing a digital…

Banco Do Brasil, a bank owned in its majority by the Brazilian state, and Giesecke+Devrient, are partnering to explore the possibilities of bringing offline payments to the future Brazilian CBDC, Drex. The joint initiative will include this…

The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with…

The key differences between BLINC and SEN is that the former is multicurrency and isn’t tied to a single credit institution, such as a Silvergate or Signature Bank, Landsberg-Sadie said. It was not designed to take deposits, he added,…

It joins the likes of crypto exchange Bitpanda, financial technology company Revolut and financial infrastructure provider Tullett Prebon in gaining a status that has seen many crypto companies fall by the wayside. Speaking to lawmakers on…

The lower house of Russian parliament, the State Duma, has voted against a piece of legislation designed to regulate cryptocurrency mining. While lawmakers turned down that proposal, which also aimed to legalize crypto payments in…

The Bank of Russia, the country’s central bank, has reportedly admitted that cross-border payments in crypto are inevitable in the current geopolitical conditions.The Russian central bank has been rethinking the approach to regulating…

Vaculug, a British company that brands itself as Europe’s largest independent tire retreader, will now accept cryptocurrencies for its products and services. Its management says the business must move with the times and offer…

https://www.youtube.com/watch?v=ebvPsr7zrXQ Crypto payments come to WhatsApp, what happened at the trial of the supposed founder of Bitcoin and guess who are still bullish on Bitcoin? These stories and more this week in crypto. The…