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“# Major payments firm SIA to launch DLT-based secondary credit marketplace ” SIA, an Italian company specialized in e-payment services, is working on a blockchain-based system to enable secondary credit trading. The upcoming platform will allow banks, funds, and financial operators to negotiate secondary credit transactions via blockchain, SIA announced on Jan. 26. A spokesperson…
“# Circle enables seamless USDC-USD transfers, providing a bridge from banks to DeFi ” Circle, the company behind the second most popular stablecoin USD Coin, has rolled out a new API that will allow for the seamless transfer of USDC to USD via automated clearinghouse (ACH) systems. The first exchange to adopt the new API…
“# Older investors are getting into crypto, new survey finds ” Older generations have started recognizing the potential of cryptocurrencies and blockchain in global payment systems, a new survey says. On Jan. 21, digital payment platform Wirex released a special report devoted to the topic of cryptocurrency adoption in 2021. Compiled in partnership with the…
“# Ford, BMW back blockchain ‘birth certificates’ to combat used car fraud ” The Mobility Open Blockchain Initiative, or MOBI, a non-profit consortium of the world’s top vehicle manufacturers including Ford and BMW, has launched an initiative to combat fraud in the secondhand markets with blockchain-powered “birth certificates.” The initiative will leverage blockchain to track…
“# China’s blockchain project BSN to pilot global CBDC system in 2021 ” The Chinese national blockchain project, the Blockchain Service Network, is planning to pilot integration with global central bank digital currencies. According to a Jan. 15 blog post, the BSN is looking to build a universal digital payment network, or UDPN, based on…
“# Visa abandons $5.3B Plaid acquisition in the face of DoJ antitrust suit ” The United States Department of Justice saw a victory in a major fintech acquisition case that could set the stage for a host of antitrust enforcements. On Tuesday, the DoJ announced that Visa and Plaid had called it quits on their…
“# Trump bans Chinese payment apps, including AliPay and WeChat Pay ” With just two weeks left in office, President Donald Trump has sent out a new executive order targeting Chinese payment apps. The Tuesday order bars United States citizens or people located in the U.S. from using nine Chinese payment apps. It continues the White House’s…
“# Slot machine manufacturer gets patent for crypto payment options ” The largest manufacturer of slot machines in the world has just received a patent that would allow customers to access crypto payments for gambling. According to records from the United States Patent and Trademark Office, International Game Technology, or IGT, received a patent today…
“# Following delisting, Dash pushes back against ‘privacy coin’ label ” A recent tweet from Dash’s official Twitter account has invited criticism that the cryptocurrency, which once advertised its privacy features, is wilting in the face of possible regulatory scrutiny. On Jan. 1, the US-based Bittrex exchange announced in a tweet that it would be…
“# Dash announces new update, social payment wallet enters testnet ” Dash has moved development work on the v0.17 of its platform to the testnet phase according to an announcement released on Wednesday. Back in July, Cointelegraph reported that the Dash Core Group was looking to release the platform testnet before the end of the…