Payments giant Stripe is reportedly developing its own blockchain network, codenamed Tempo, in collaboration with the crypto venture capital firm Paradigm. The project, which is designed to be a high-performance, payments-focused Layer 1 network, was revealed through a recent job posting. This initiative is a major step in Stripe’s expanding focus on blockchain and stablecoins. … Read more
According to unconfirmed reports, the cryptocurrency firm Paxos is seeking a U.S. trust bank license. This move could significantly broaden its operations and influence in the stablecoin market, though the company has not yet made an official announcement or filing. This isn’t Paxos’s first attempt at a national charter; the firm received conditional approval from … Read more
El Salvador has announced its intention to introduce “Bitcoin Banks” into its economy, a move that aligns with President Nayib Bukele’s broader strategy to integrate Bitcoin into the country’s financial system. While the details are currently sparse, an official post on X declared that “Bitcoin Banks are coming to Bitcoin country.” This initiative could potentially … Read more
The Governor of the National Bank of Ukraine (NBU), Andriy Pyshnyy, has stated that while the legalization of cryptocurrencies is on the table, they will not be permitted to function as a means of payment. In an interview with RBC-Ukraine, Pyshnyy called using crypto as a legal tender a “red line” for the central bank. … Read more
Binance has partnered with Mastercard to enable users in Europe to instantly convert cryptocurrencies to euros and withdraw them to a Mastercard debit or credit card. This new feature, powered by Mastercard Move, is available on both the Binance app and website. Users can either sell their crypto directly for euros and transfer the funds … Read more
Convenience store chain Sheetz is running a new promotion to encourage crypto payments. Dubbed “Crypto Crave & Save,” the deal offers customers a 50% discount on their entire purchase when they pay with cryptocurrency through the Flexa network. The promotion is available daily between 3 PM and 7 PM at participating Sheetz locations. Sheetz, a … Read more
Since August 2, the Mantle (MNT) token has seen a significant rally, climbing nearly 40% and reaching a six-month high of $0.95. This surge is largely attributed to the upcoming launch of UR, a neobank backed by Mantle, which is set to conclude its beta testing on August 8. UR, described as a “blockchain-powered finance … Read more
Remitly, a global remittance company, is introducing stablecoin functionality to its payment network to improve the speed and efficiency of international money transfers. The company’s plan involves integrating stablecoins into three key areas of its business: value storage, treasury operations, and global payouts. Key Aspects of the Stablecoin Integration Remitly Wallet: A new multi-currency digital … Read more
Ripple has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) for a federal charter to establish a limited-purpose national trust bank. According to public records, this new institution would serve as a regulated entity for holding reserves for Ripple’s stablecoin, RLUSD, and for developing infrastructure for tokenized financial products. … Read more
Visa is significantly expanding its support for cryptocurrency settlements by integrating new stablecoins and blockchains. According to a recent press release, the payments giant is adding three new stablecoins: Global Dollar (USDG) and PayPal USD (PYUSD) through a partnership with Paxos, and EURC, a euro-backed stablecoin from Circle. The company is also broadening its blockchain … Read more