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The new platform lands amid a wave of fintech adoption of stablecoins for global transfers, payouts and onchain settlement. Fintech payments provider Unlimit has launched a non-custodial platform designed to act as a clearinghouse for major stablecoins and provide direct global off-ramps. The company said the service will simplify stablecoin swaps by pairing decentralized exchange…
Circle’s new Arc blockchain testnet launches with participation from more than 100 institutions, including BlackRock, Goldman Sachs, Visa and Mastercard. Circle, the world’s second-largest stablecoin issuer, launched the public testnet for Arc, its open layer-1 blockchain network built to bring global financial infrastructure onchain. The rollout, which Circle calls the “Economic Operating System for the…
Led by Thrive Capital and Greenoaks, the raise comes less than two months after Stripe unveiled its layer-1 blockchain for stablecoin and real-world payments. Stripe’s blockchain project, Tempo, raised $500 million in a Series A round led by Greenoaks and Thrive Capital, valuing the payments-focused network at $5 billion, according to Fortune. Sequoia Capital, Ribbit…
The outcry after a recent marketplace crackdown on games with adult content, seemingly due to pressure from payment processors, prompted Mastercard to release a brief statement Friday pushing back against recent headlines. “Mastercard has not evaluated any game or required restrictions of any activity on game creator sites and platforms, contrary to media reports and…
Indie video game marketplace Itch.io announced this week that it has “deindexed” adult and not-safe-for-work games, removing them from its browse and search pages. The move, the company said, was in response to a campaign by Collective Shout (an advocacy group that has previously criticized video games, rap music, and lingerie commercials) targeting both Itch.io…
Artificial intelligence is not just infiltrating the startup world. Now, credit card giants Visa and Mastercard are getting into the AI game. Visa announced on Wednesday “Intelligent Commerce,” which it says enables AI “to find and buy.” AI agents will be able to shop and make purchases on behalf of consumers, based on preselected preferences….
Mastercard also partnered with OKX for a crypto-enabled bank card, which Mastercard product chief, Jorn Lambert, said creates a “360-degree approach” to stablecoins. Mastercard says it will allow merchants across its network to be paid with stablecoins in a partnership with payment processor Nuvei and stablecoin issuers Circle and Paxos. Through the venture, 150 million…
Kraken’s Mastercard crypto debit cards will be available in the coming weeks, with clients currently joining a waitlist for the product. Cryptocurrency exchange Kraken has partnered with Mastercard to issue crypto debit cards across the United Kingdom and Europe, the company announced on April 8. The partnership will enable the crypto exchange to expand its…
As global regulators increase their scrutiny on Visa and Mastercard over merchant fees, India has chosen a different path: creating rival payment networks that are increasingly sidelining international card networks. The strategy builds on India’s Unified Payments Interface, known as UPI, a nine-year-old system that now processes more than 13 billion real-time transactions monthly, or…
The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come. <p>The digital tenge, Kazakhstan’s central bank digital currency (CBDC), has been declared a success following a month-long pilot project. A host of business, regulatory and technical improvements are lined up for it in 2024. During…