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“#PayPal launches cryptocurrency checkouts for online shopping” PayPal rolled out a new feature Tuesday allowing shoppers to make purchases with cryptocurrency at millions of online stores. The digital payments giant’s “Checkout with Crypto” service is the latest move by a major corporation to expand the use of digital currencies like bitcoin. PayPal already allows users…
“# Scottish music school accepts cryptocurrency as payment for lessons ” A Scottish music school will begin accepting cryptocurrency for tuition payments following demand from students, it was announced this week. The Morningside School of Music in Edinburgh said it was responding to suggestions from adult pupils in the school, many of whom now work…
“# PayPal to start letting US customers pay in Bitcoin at global merchants ” Online payments giant PayPal will start to accept cryptocurrency as a medium of exchange at its millions of global merchants, the firm’s president and CEO revealed on Tuesday ahead of a formal announcement. News broke regarding PayPal’s rumored decision to accept…
“# Ripple acquires stake in cross-border payments firm ” Ripple continues its push into the Asian market by acquiring a stake in a cross-border payments firm. According to a blog post, Ripple has agreed to acquire a 40% stake in cross-border payments firm Tranglo, with the aim to expand RippleNet’s On-Demand Liquidity, or ODL, service…
“# Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE ” E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei. According to the announcement, merchants partnered with the payment provider can use an array of cryptocurrencies to send and receive payments across 200 countries, including top assets…
“# Stablecoin reserves on crypto exchanges hit new historic high of $10B ” Stablecoins like Tether (USDT) and USD Coin (USDC) have hit another milestone in terms of accumulation by exchanges. According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges soared to a new all-time high on March 28, exceeding $10 billion….
“# Our Man in Shanghai: Digital yuan tests, ‘bear market’ and ‘NFT’ searches spike ” Sentiment in China has slumped as WeChat searches for Bitcoin dropped 7% this week, while searches for “bear market” spiked 102%. One trend that remained strong was NFT-related, with NFTs receiving an 86% increase in WeChat searches over the seven-day…
“#Tesla now taking bitcoin as payment for cars, Elon Musk says” Anyone buying a car from Tesla in the US can now pay for it with bitcoin, CEO Elon Musk said Wednesday. Musk broke the news on Twitter about six weeks after his electric-vehicle giant announced plans to start taking payments in the world’s biggest…
“# Hermez Network launches zk-rollups on Ethereum mainnet to process cheap payments ” Hermez Network has announced on Wednesday the launch of its zk-rollup mainnet release. This means that the network is now open for users, who can benefit from the rollup’s much lower transaction costs than Ethereum. Zk-rollups use zero knowledge proofs to verify…
“# China’s digital yuan will offer best privacy protection, says official ” Chinese authorities are willing to ensure maximum user privacy for the country’s central bank digital currency, or CBDC, according to an official at the People’s Bank of China. Mu Changchun, head of the People’s Bank of China’s digital currency research institute, spoke of…