Payment systems news
RippleNet member NIUM partners with Brazilian foreign exchange to facilitate remittances
RippleNet partner NIUM, formerly called InstaReM, has announced a partnership with Frente Corretora de Câmbio, a leading foreign exchange broker in Brazil. Under this partnership, NIUM will be aiding the foreign exchange’s cross-border payments. This could mean that Ripple’s intention of opening a payment corridor in Brazil could soon be a reality.
Ripple-Powered Nium Partners with Visa to Enable Instant Payments to Indonesia
Another RippleNet member boosts its global presence – Nium enables remittances to Indonesia via Visa Direct after it has received a license from Bank of Indonesia
Google plans to offer checking accounts in partnership with Citi bank
Search giant Google is planning to offer checking accounts via a partnership with banking giant Citigroup and lender Stanford Federal Credit Union.
Singapore’s central bank, JPMorgan develop a blockchain system for cross-border payments
The Monetary Authority of Singapore (MAS), the country’s central bank, and investment banking giant JPMorgan have developed a blockchain prototype for cross-border payments.
From Online Gambling to Pot, Crypto Commerce Takes Off This Year
After being given up for dead, cryptocurrency-based commerce - albeit still tiny - has started growing again.
Visa CEO: Visa Still Interested in Developing Libra With Facebook
Alfred F. Kelly, CEO of major payment processor Visa, has said that the company is still in discussions with Facebook on the Libra project.
Cambodia’s Central Bank Testing Digital Wallet to Ease Cross Border Payments
Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its in-house digital wallet, the Hyperledger Iroha-powered Bakong, might get the job done.
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When people used to ask me what I did for work, I would typically answer the question by saying I was in the financial services industry.
Ripple teams up with Finastra to provide payment solutions with cross-border payments
Ripple has teamed up with Finastra, extending the list of Fintech companies that are using Ripple’s blockchain technology for payment solutions to support faster cross-border payments. This collaboration will enable Finastra’s vast customer base to connect and transact with 200 financial institutions on RippleNet.
Samsung Pay Teams Up With RippleNet Member Finablr
Samsung Pay, the mobile payments service of South Korean tech giant Samsung, has partnered with payments platform Finablr, Ripple’s RippleNet member, to offer cross-border payments feature Money Transfer to its app’s users.
Venezuelan Exchange Rolls Out Crypto Debit Card with Petro Support
Two Venezuelan companies have partnered to release a cryptocurrency debit card and point-of-sale (PoS) system.
Swift Chairman Says Cryptocurrencies Are Causing Extraordinary Change in Financial Industry
In what seems like quite the endorsement for cryptocurrencies, the chairman of the global provider of secure financial messaging services, Swift, said that cryptocurrencies are causing an extraordinary change in the financial industry. He also mentioned Libra, the cryptocurrency created by social media mogul Facebook.
Mastercard and R3 Partner to Develop New Blockchain-Powered Cross-Border Payments Solution
Mastercard and R3, a leading enterprise blockchain software provider, have today announced a strategic partnership to develop and pilot a new blockchain-enabled cross-border payments solution that will initially focus on connecting global faster payments infrastructures, schemes and banks supported by a clearing and settlement network operated by Mastercard.
Facebook’s Libra seeks payment system license from Swiss regulator
The Libra Association, the non-profit organization behind Facebook-led cryptocurrency project Libra, is looking to get a payment system license from Switzerland’s financial regulator.
Swift to reveal European E2E payments pilot
Swift is gearing up to announce its latest end-to-end international payments pilot held across European borders.
Apple exec: 'We're watching cryptocurrency'
Apple may not be fully on the crypto bandwagon like other tech companies, but it is keeping an eye on digital currency.
1.4 Million Brazilian Point-of-Sale Devices to Support Crypto Payments
Cielo, the largest payment processing provider in Brazil, has unveiled support for Bitcoin (BTC) and cryptocurrency purchases on its point-of-sale (PoS) devices.
Germany’s Bitwala Launches All-In-One Mobile Bitcoin Bank App
On Aug. 29, German blockchain-based banking startup Bitwala announced the launch of its smartphone app for Bitcoin banking on iOS and Android. Customers in over 30 European countries can now open a German bank account with integrated Bitcoin wallet and trading.
WhatsApp in talks to launch mobile payments in Indonesia
Facebook Inc’s (FB.O) messaging service WhatsApp is in talks with multiple Indonesian digital payment firms to offer their mobile transaction services, in a bid to tap the nation’s fast growing e-commerce sector, people familiar with the matter said.
Xendpay Joins RippleNet to Open Up New Payment Corridors to Four Asian Countries
Ripple has announced that Xendpay, a rather unique UK-based international money transfer firm, has joined RippleNet in order to open up "new corridors" to Bangladesh, Malaysia, Philippines, Vietnam, and Indonesia, as well as to enable "real-time payment rails to Thailand."
Alibaba’s Ant Financial Sets Sights On Alipay Grabbing 1 Of 5 Singapore Digital Banking Licenses
South Korea plans to invest over $380M for blockchain research and development
Tezos partners with Singapore government-supported firm for ‘training program
Chainalysis lays off 20% of its employees to focus on 'path to profitability'
Coinbase Custody expands Tezos staking service to all global clients
US Think Tank Releases Report on Investigation Into Illicit Transactions on the Dark Web
New bipartisan bill would classify 'managed stablecoins' as securities
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