Payment systems news
WeChat mini programs are becoming a lot more important for Tencent
WeChat is already China’s most popular social platform, but Tencent seems eager to make even more money from its ubiquitous app. It plans to achieve this with a not-so-secret weapon: Mini programs.
Traditional Payment Processing Companies Are Increasingly Focusing on Crypto
More than two decades after the dot-com bubble ushered in a new era of digital commerce, the payment infrastructure is still very much in flux. That reality is even more prevalent as 2020 approaches, and the cryptocurrency movement is offering a new tool and a unique complication into today’s approach to executing payments.
Cardano’s Payment Gateway for Merchants Is Now Live
The Cardano Foundation, the firm behind the 12th biggest cryptocurrency Cardano (ADA), has launched AdaPay, an ADA payment gateway for merchants.
Europe aims to set up an instant payment system to taper off US players’ dominance
Europe is planning to build an improved instant payment system to taper off U.S. payment giants’ dominance across the continent.
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.
Redefining Financial Services In 2019
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.
Ex-CFTC Chairman to Promote Blockchain-Based USD in New Think Tank
Most Canadian crypto exchanges likely fall under securities laws, according to new guidance
36% Of U.S Smes Now Accept Cryptocurrency Payments
Huobi Joins Blockchain Turkey Platform to Boost Local Ecosystem
Crypto asset manager Grayscale posts its best year with over $600 million in investments
Chainalysis traced $2.8 billion in bitcoin being sent to crypto exchanges by criminals last year
NBA's Sacramento Kings partner with ConsenSys to launch sports gear auctions on Ethereum
Bithumb dispute taken to Tax Tribunal
Team Behind Foin Token Scheme Explains Catastrophic Price Drop
How blockchain copyright protection will thwart pirates
Three Cryptocurrency Regulation Themes For 2020 – And The Flawed Premises Behind Them
Top technology trends that shaped 2019