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“# Global payments brand Skrill expands crypto wallet services ” Paysafe, the parent company of online money transfer service Skrill, announced this week that the payment platform has integrated an additional 20 cryptocurrencies into its digital wallet, providing users with another legacy onramp to digital assets. Beginning this week, customers outside the United States will…
“# Visa to approve Bitcoin spending card for Australian startup CryptoSpend ” Global payment giant Visa is moving forward with its commitment to digital currency adoption by approving the issuance of a new Bitcoin (BTC) debit card in Australia. Sydney-based crypto spending app CryptoSpend announced Wednesday that Visa has approved the issuance of a physical…
“#Online pay firm Stripe reportedly hires law firm in first step toward big IPO” Digital payments processor Stripe, the most valuable US technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations, according to people familiar with the matter. The 11-year-old company, which was…
“# Santander’s UK arm follows Barclays in banning payments to Binance ” Spain-based bank Santander’s U.K. business will no longer be allowing its customers to send payments to Binance, citing warnings from the Financial Conduct Authority. Several replies from Santander’s U.K. Twitter help account today said the bank has “decided to prevent payments” to the…
“# Thailand’s central bank warns against using digital currencies for payments ” The Bank of Thailand has issued a warning to crypto holders who use their digital assets as a medium of exchange, saying if these practices become widespread it may take strong regulatory measures. In a Thursday statement, the central bank said anyone who…
“# Fiat-to-crypto onramp Simplex integrates SEPA Instant for European partners ” Cryptocurrency payment provider Simplex has added SEPA Instant to its list of payment methods, giving European partners the ability to move funds into digital assets with greater ease and flexibility. SEPA stands for Single European Payment Arena, which enables payment harmonization across the European…
“# China’s central bank worried about stablecoins’ risk to financial systems ” The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), expressed concerns over the reportedly serious threat stablecoins…
“# InComm Payments merchants can now accept crypto through Flexa ” Incomm Payments, a global payments provider with over 500,000 points of distribution, has entered into a partnership with Flexa that allows merchants to start accepting cryptocurrency payments in Bitcoin (BTC), Ether (ETH) and dozens of other digital assets. Stefan Happ, Incomm Payments’ president, said…
“# Visa reports over $1 billion in crypto spending in H1 2021 ” Global payments giant Visa will continue to support the development and adoption of the cryptocurrency industry as part of its business, the company said in its latest crypto update. In an official statement on Wednesday, Visa announced that its crypto-enabled cards processed…
“# Marshall Wace hedge fund giant to reportedly dive into crypto ” Marshall Wace, a London-based hedge fund giant managing about $55 billion in assets, is reportedly planning a major move into cryptocurrency and blockchain investment. The hedge fund firm is preparing to launch a dedicated portfolio targeting investments in the digital asset industry, the…