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“# El Salvador minister says it’s too early to use Bitcoin for wages ” El Salvador’s Minister of Labor and Social Welfare has said that the country is not yet ready to adopt Bitcoin (BTC) for salary payments. In a Wednesday tweet, Rolando Castro denied local reports which claimed that his ministry had begun analyzing…
“# Latin American telecom company accepts crypto payments through BitPay ” GoldConnect, a Latin American telecommunications wholesaler, announced Tuesday that it will allow customers to pay with cryptocurrencies through payment processor BitPay, marking another important milestone in the region’s embrace of Bitcoin (BTC). Crypto payments can be made directly through LatamConnect, a platform that connects…
“# Former PayPal employees launch decentralized cross-border payment network on Algorand ” Two former PayPal workers in business and technology have launched a cross-border payment system aimed at “faster, cheaper, and more transparent payments.” In an announcement today, fintech infrastructure firm Six Clovers said it had launched its RAPID network connecting banks, merchants, and payment…
“# Remittance firms hesitant to support BTC despite legal tender law in El Salvador ” Despite El Salvador’s recently passed law mandating Bitcoin as legal tender, local remittance firms are reportedly hesitant to adopt BTC. Speaking to Reuters, Autonomous Research fintech analyst, Kenneth Suchoski, argued that remittance firms are unlikely to launch support for Bitcoin…
“# Coinbase debuts crypto rebate for online shopping via Apple Pay and Google Pay ” Online shoppers who pay with their Coinbase Card on Apple Pay and Google Pay will begin enjoying crypto rebates. In an announcement on the Coinbase blog issued on Tuesday, the exchange service revealed that starting in June, some whitelisted customers…
“# American convenience store chain now accepts Bitcoin payments ” Retail crypto payment acceptance in the United States continues to grow as Sheetz announces plans to allow the use of virtual currencies in its outlets across America. In a release issued on Thursday, the convenience store chain announced its partnership with digital payments provider Flexa…
“# OKex embraces Brazil’s official fast payments system PIX, as CBDC draws nearer ” Increasing numbers of offshore cryptocurrency exchanges are embracing Brazil’s instant payments infrastructure, PIX. On May 28, OKEx announced a strategic partnership with local payments firm CuboPay, allowing it to facilitate Tether ($USDT) purchases in exchange for Brazilian real via PIX. The…
“# PayPal users will be able to withdraw crypto to external wallets ” PayPal’s embrace of cryptocurrencies appears to be growing after the payments provider revealed that it will allow users to withdraw their digital assets to third-party wallets. The news, which was reported by Reuters Wednesday afternoon, comes just seven months after PayPal first…
“# Apple seeks to hire ‘alternative payments’ manager with crypto experience ” Global software giant Apple Inc. is recruiting for a new business development manager specializing in alternative payments, signaling that the iPhone maker was gravitating towards digital assets. The new job post for “Business Development Manager – Alternative Payments” was posted to Apple’s careers…
“# Bank of Indonesia joins central bank digital currency race ” The Bank of Indonesia is one of the latest global central banks to announce state digital currency plans amid a major spike in the country’s digital payments. Governor Perry Warjiyo said Tuesday that Indonesia’s central bank is planning to launch a digital rupiah currency…