Hong Kong is setting its sights on emerging technologies like decentralized finance (DeFi) and the metaverse to solidify its position as a global fintech leader. A recent push by the Hong Kong Institute for Monetary and Financial Research (HKIMR) highlights the potential of these areas. The HKIMR, the research arm of the Hong Kong Academy … Read more
In a significant development for the cryptocurrency world, Tether (USDT), a stablecoin pegged to the US dollar, has reached a new milestone on the Tron blockchain. According to data, USDT transactions on Tron surpassed Visa’s average daily trading volume in a single day. This marks a potential shift towards a more digital future for global … Read more
In a significant milestone for the Tron (TRX) network, the daily transaction volume of the Tether stablecoin (USDT) on the platform has surpassed the average daily trading volume of Visa, a leading global payment processor. Data reveals that the 24-hour transaction volume of USDT on the Tron network reached a staggering $53 billion, exceeding Visa’s … Read more
Forget traditional banks, DeFi lending platforms leverage blockchain technology to create a peer-to-peer (P2P) lending system for cryptocurrency. Here’s how it works: Cutting Out the Middleman: Unlike banks, DeFi uses smart contracts, self-executing code on the blockchain, to automate loan agreements. This removes the need for credit checks and central institutions, making DeFi lending faster … Read more
NowPayments simplifies accepting cryptocurrency payments for your business. Here’s a breakdown of the process: Getting Started: Sign Up and Create an Account: Visit NowPayments and create a free account. Choose Your Setup: Decide between generating invoices or integrating NowPayments with your online store. Invoice Payments: Create an Invoice: Specify the amount, cryptocurrency, and any relevant details. Send the … Read more
Cash may be king, but its reign might be nearing its end. Central Bank Digital Currencies (CBDCs) are emerging as a potential game-changer in the world of finance. Let’s delve into what CBDCs are, how they differ from traditional currencies, and their potential impact. What are CBDCs? Imagine your country’s official currency, not as crisp bills or clinking coins, but as secure … Read more
Bitcoin conferences have always faced unique challenges when it comes to payments. Traditional payment methods like credit cards often come with high fees, chargebacks, and concerns about privacy. Enter BTCPay Server, an open-source, self-hosted payment processor designed specifically for Bitcoin. This innovative solution is rapidly transforming the way conferences accept Bitcoin payments, offering a range … Read more
NOWPayments is a non-custodial cryptocurrency payment gateway that allows businesses and individuals to accept payments in a wide variety of cryptocurrencies. It supports over 150 cryptocurrencies and offers features like auto coin conversion, fixed exchange rates, and fiat withdrawals. It’s designed to be easy to integrate with various platforms, including e-commerce websites, online stores, and … Read more
The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has recently expressed its support for Bitcoin (BTC) and Ethereum (ETH) in a research report. The report highlights the growing importance of cryptocurrencies in the global financial landscape and recognizes their potential for future growth. Bitcoin: The Digital Gold ICBC compares … Read more
Saudi Arabia has taken a significant leap towards the future of international trade by joining the mBridge Initiative, a collaborative effort led by the Bank for International Settlements (BIS) Innovation Hub. This initiative focuses on developing a robust infrastructure for cross-border payments using central bank digital currencies (CBDCs). The mBridge project, launched in 2021, already … Read more