Payments News

Blockchain's rigidity limits Web3. Web3's scalability and future lie beyond traditional blockchains. Expect a shift toward flexible, verifiable systems prioritizing efficiency over rigid total ordering

Crypto travelers tend to have higher spending per transaction, greater loyalty and more frequent bookings.

"Invisible" crypto infrastructure provider SukuPay is now integrated into Guatemala's biggest banking provider, Banco Industrial.

Crypto transfers fail due to wrong addresses, network mismatches or low fees; verify address, network and balance before sending.

The New York Fed and the Bank for International Settlements are trialing smart contracts for tokenized monetary policy, aiming to let central banks act instantly in future financial systems.

Brazilian fintech firm Méliuz’s shareholders officially approved a Bitcoin treasury proposal on May 15, with the firm also announcing it acquired another 274.5 Bitcoin.

Stablecoins offer a cheaper, faster alternative to legacy global payments systems, the popular investor said at Consensus.

Not all FTX account holders will be reimbursed in the second distribution of assets, but the trust said it will send more than $5 billion “within 1 to 3 business days” of May 30.

Crypto industry observers in Canada are concerned that their industry is being left behind without a clear framework for stablecoins.

With protocols like Coinbase x402, HTTP 402 is being revived to enable native, programmable payments over the web using stablecoins like USDC.

Dubai said the partnership will go a long way to achieve its goal of getting 90% of financial transactions fueled by cashless technology by 2026.

Speculative activity remains closely tied to global funding rates, highlighting crypto’s growing “interconnectedness” with traditional finance, a BIS report claimed.

RedotPay’s crypto cards are now live in South Korea, challenging the country’s traditional payment networks with real-time stablecoin transactions.

Visa invests in London-based stablecoin payment startup BVNK through its Visa Ventures arm, marking another step in its growing involvement in crypto.

Bhutan’s tourism department and Binance said the new venture is the “world’s first national-level crypto tourism payment system.”