The neobank and digital financial technology company Revolut announced the launch of its own stablecoin, EURR, backed by the euro and issued by Bridge, a subsidiary of Stripe.
With this innovation, it will be fully integrated into the Revolut app for eligible individuals in Denmark, Poland, and…
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FIAT money
Criminals prefer cash to cryptocurrencies for scams
A study by the Crypto ISAC platform has revealed the preference of criminals for cash for their misdeeds over cryptocurrencies.
Cash leaves no digital footprint, making it almost impossible to detect illicit transactions. Hence, it is the…
Visa offers its crypto-to-fiat exchange service in 145 countries
Visa, the global payments giant, is driving the adoption of cryptocurrencies by offering another method to exchange crypto for fiat currencies without the need to use a centralized exchange.
Visa has partnered with Transak, the Web3…
IMF says CBDCs can promote financial inclusion
The speech by the director of the International Monetary Fund, Kristalina Georgieva, during the inauguration of the FinTech Festival in Singapore, was an exhortation to public institutions to prepare for the implementation of CBDCs as an…
South Dakota will treat CBDCs as money
The Senate of South Dakota, a state located in the Midwestern United States, recently passed a law that establishes that digital currencies issued by central banks, known as CBDCs, will be considered as legal money in the state. However,…
BitPay and Verifone alliance will allow bitcoin payments in US merchants
BitPay and Verifone launched a new solution that will allow merchants in the United States to accept payments with bitcoin and other cryptocurrencies, thereby aiming to increase their customer base and promote crypto acceptance while being…
Chinese company JD.com will pay salaries in digital yuan
One of the largest e-commerce platforms in China, JD.com, has announced a new method of payment to its employees based on digital yuan, with the aim of contributing to the strengthening of the digital currency in the country.
The commerce…
Revolut adds more cryptocurrencies to its portfolio
UK financial services provider Revolut announced the addition of 11 new cryptocurrencies to its trading list.
Through an official statement, the company detailed that its clients will now be able to trade with assets such as cardano,…
US banking regulators approve the use of blockchain to issue payments
One of the independent agencies of the United States Department of the Treasury, called the Office of the Comptroller of the Currency, has ruled through a statement about the use of stablecoins as a mechanism to issue payments in…