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“# Amazon seeks new exec to oversee digital currency strategy ” Tech giant Amazon is looking to dive into digital currency and blockchain development with a new major hire within its payments-focused team. Amazon’s payments acceptance and experience team is seeking a digital currency and blockchain product lead to develop the company’s strategy of digital…
“# Reserve Bank of India mulls first steps toward an eventual CBDC ” The Reserve Bank of India, or RBI, continues to investigate the issuance of a central bank digital currency, or CBDC. T Rabi Sankar, the deputy governor of RBI, said in a speech organized by the Vidhi Center for Legal Policy that private…
“# NatWest cuts payment channels to Binance, citing regulatory uncertainty ” NatWest, a major United Kingdom-based retail and commercial bank, has blocked all credit and debit card payments to crypto exchange Binance until further notice, multiple users on social media reported on Thursday. “With an increase in scams relating to cryptocurrency and regulatory uncertainty around…
“# Visa to acquire cross-border payments fintech Currencycloud ” Visa officially announced Thursday that it signed a definitive agreement to acquire Currencycloud, a fintech platform supporting about 500 banking and technology clients across more than 180 countries. The new acquisition aims to improve Visa’s foreign exchange business and expand them to serve financial institutions, fintechs…
“# Dogecoin becomes the 7th cryptocurrency accepted on Coinbase Commerce ” Coinbase Commerce, the e-commerce arm of the United States-based crypto exchange, has added support for Dogecoin payments. According to a Twitter announcement, Dogecoin became the seventh cryptocurrency for merchants to accept payments on Coinbase’s e-commerce portal. The platform currently supports Bitcoin (BTC), Bitcoin Cash…
“# Crypto exchange OKCoin taps FIS subsidiary Worldpay to lead global expansion ” Cryptocurrency exchange OKCoin has selected merchant service provider Worldpay to aid in its expansion efforts, which includes bringing crypto-to-crypto payments to a global audience. OKCoin will leverage Worldpay’s foreign exchange services, allowing customers to purchase cryptocurrency with credit and debit cards. Jason…
“#Venmo finally ditches controversial feature over privacy concerns” Venmo is finally ditching a notoriously controversial and unsettling feature — the ability to see strangers’ transactions. The PayPal-owned app — which rocketed to success by combining easy mobile payments with elements of social media — revealed Tuesday that it’s axing its “global feed” that had allowed…
“# New EU proposal looks to tighten regulations for sending cryptocurrency ” The European Commission has submitted a new proposal which would require crypto-asset service providers to collect additional anti-money laundering, or AML, information from users who utilize cryptocurrency for money transfers. The stated purpose of this proposal is to prevent the further propagation of…
“# Mastercard’s latest partnership to help banks distribute crypto cards ” American fintech giant Mastercard has announced plans to revamp its crypto card program, to enable traditional banks and crypto companies to offer cards to its users for transacting with digital assets. According to the official statement: “Mastercard and its partners will test this new capability…
“# Beauty and the Bitcoin: Female-focused brands accept crypto payments driving adoption ” While Bitcoin (BTC) may be considered as a store of value for many, some consumers across the globe may be thinking otherwise. Recent data has revealed that 46 million people in the United States plan to use cryptocurrency to pay for things…