Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, has officially declared that stablecoins will be treated as payment tools rather than speculative assets. This policy aims to improve the efficiency of cross-border payments, with potential cost savings of up to 2% compared to traditional banking methods. Hui emphasized that stablecoins are … Read more
In a first-of-its-kind move, DBS Bank a leading Singapore-based financial institution, is tokenizing structured notes on the Ethereum blockchain. This initiative aims to meet the growing institutional demand for digital assets and make sophisticated financial products more accessible. The bank has partnered with digital investment platforms ADDX, DigiFT, and HydraX to distribute these tokenized notes. The … Read more
Bank of America CEO Brian Moynihan has confirmed the bank’s interest in entering the stablecoin market, but only once the U.S. establishes clear regulations. This potential move highlights the growing role of stablecoins in modern banking, promising more efficient international transactions and retail payments. According to Moynihan, the bank is actively collaborating with the crypto … Read more
The social media platform X, formerly known as Twitter, is making a major move into cryptocurrency by allowing all 500 million of its users to send and receive Bitcoin directly on the platform. This new feature is made possible through a collaboration with BitBit, a self-custodial social wallet, and Spark, a fast and efficient Layer … Read more
The Swiss supermarket chain SPAR has become the first major grocery retailer in the country to accept cryptocurrencies for payments. Customers can now pay for their groceries at over 100 SPAR locations by scanning a QR code with their digital wallets. The payment system, powered by DFX.swiss and Binance Pay’s infrastructure, instantly converts over 100 … Read more
Binance and Mastercard have partnered to launch a new service in the European Economic Area (EEA) that allows users to instantly convert their cryptocurrencies into euros and withdraw the funds directly to a Mastercard. This innovative service, powered by Mastercard Move, drastically simplifies and speeds up the process of accessing crypto funds. The new feature … Read more
A coalition of major crypto and fintech firms, including Gemini, Robinhood, and the Blockchain Association, has sent a letter to President Donald Trump, asking him to intervene and prevent banks from imposing new fees for customer data access. The group warns that these “account access” fees could severely harm the U.S. digital finance sector, stifle … Read more
Mesh, a crypto payments infrastructure company, has secured additional funding from investors including PayPal Ventures and Coinbase Ventures, pushing its total capital raised to over $130 million. This new investment will allow Mesh to accelerate product development and expand its API offerings as demand for seamless cryptocurrency transactions grows among businesses. The funding round itself … Read more
Belarusian President Alexander Lukashenko is pushing for new regulations to advance the country’s use of cryptocurrencies, including for payments. Following a meeting with the head of the National Bank of the Republic of Belarus (NBRB), it was announced that the central bank has already drafted legislative amendments to achieve “breakthrough results” in this area. The … Read more
In a move that sends cryptocurrency to the cosmos, Jeff Bezos’ space travel company Blue Origin has partnered with payment processing giant Shift4 Payments, Inc. (FOUR). The new collaboration, announced on Monday, allows customers to book extraterrestrial trips on Blue Origin’s New Shepard rocket using popular cryptocurrencies and stablecoins, including Bitcoin (BTC/USD), Ethereum (ETH/USD), and … Read more