The Swiss National Bank (SNB) is continuing its experiments in the field of central bank currencies (CBDCs). “Project Jura” is investigating cross-border payment processing in cooperation with the central bank of France. The G20 has prioritised the improvement of cross-border and has submitted a multi-year timeline to coordinate efforts in this regard. The current experiment contributes to […]
Venmo now offers its more than 70 million customers the opportunity to buy, store and sell cryptocurrencies directly in the app. Adoption of crypto-assets as a means of payment appears to be surging, including the simplification of what was originally a complex purchase process. Starting this week, U.S. customers of Venmo will have the ability to […]
Visa announced it will allow the use of the USD Coin (USDC) stablecoin to settle transactions on its payment network. The company is launching a pilot program with a payment and crypto platform Crypto.com, with plans for more partners later this year. According to the announcement, Visa spent the last year enabling the capacity for digital […]
After stunning the market earlier this year with a bold bet on Bitcoin, Tesla Inc. has now started accepting Bitcoin (the world’s largest electronic currency) as a means of payment for its electric cars. On Wednesday, Elon Musk, founder and CEO of Tesla, announced that American customers can now buy their Tesla with Bitcoin. This is […]
The Oakland Athletics Major League Baseball (MLB) team is now accepting payments of Bitcoin (BTC) for home-game luxury suites. This follows a larger trend of cryptocurrency and NFT adoption in the sports world. The Oakland Athletics (A’s) is selling six-person suites for its 2021 home games at the cost of 1 BTC. This follows a growing trend […]
Credit card company Mastercard announced this week that they will accept “select crypto currencies” as payment. Their focus will primarily be on centralized stable-coins and central bank digital currencies (CBDCs), not Bitcoin & Co. According to the company, there is no denying that digital assets are taking on an increasingly important role as a means of payment. […]
Visa, the largest company for payment cards alongside Mastercard, continues to intensively look into supporting cryptocurrencies. CEO Alfred Kelly sees great potential in this industry, particularly in so-called stablecoins, which include digital central bank currencies (CBDCs). Cryptocurrencies such as Bitcoin are often perceived as pure stores of value or investments. For Visa CEO Alfred Kelly, however, the […]
Korean payment giant Danal Fintech joins Korea’s largest blockchain ecosystem and integrates its cryptocurrency into its payment app. The goal of the partnership is to bring virtual assets one step closer to everyday life.
One of the biggest food delivery services, Just Eat, accepted bitcoin as a payment means on the territory of France. This includes over 15,000 restaurants and is possible through partnering with Bitpay. At the beginning of this year, the delivery services Just Eat and Takeaway.com merged, which was the time for rebranding. Together with the […]
Roberto Campos Neto, the President of the Central Bank of Brazil, shared the plans regarding digital Central Bank currency (CBDC). A possible starting point is 2022. The Banco Central do Brasil is not the only central bank that currently works on digital currencies. At present, 80% of central banks worldwide research possibilities to implement their […]
