Saudi Arabia and UAE to Pilot Cryptocurrency for Cross-Border Payments

Saudi Arabia and the UAE have launched a cryptocurrency aimed at facilitating cross-border payments. The new digital asset was unveiled during the first meeting of the Saudi-Emirati Coordination Council held on January 19, 2019, in Abu Dhabi, according to a WAM report. National Crypto As stated in the WAM press […]

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Bitfury & BTCBIT Partner, Launch Lightning Network Payments

A team of Bitfury’s Lightning Peach engineers on January 15, 2019, announced its collaboration with BTCBIT, a Poland-based cryptocurrency exchange to launch a Lightning Network payment channel allowing for a safer, faster, and more cost-efficient transfer of digital assets on the exchange. Stoking Adoption Per Lightning Peach’s Medium blog, the […]

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Indian Companies Testing Crypto For B2B Payments

Top corporates and banks in India are reportedly testing out the use of cryptocurrency to pay vendors and move money between subsidiaries, said the The Economic Times. Unnamed sources told the publication that Hindustan Unilever, Reliance Industries, HDFC Bank and ABG Shipyard are among the conglomerates experimenting with cryptocurrency for intra-company transactions with subsidiaries, as well as […]

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Why We Will See An Increase In Crypto Payments This Year

The fact is, there are several cryptocurrencies which are versatile and can be utilised as whole private bank accounts and payment cards for nearly every occasion. There is a growing number of fiat-based payment processors, sure, but cryptocurrency payments provide the consumers and merchants with almost unlimited benefits. Worldwide There […]

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Ripple partner National Bank of Kuwait ties up with SWIFT’s global payments innovation

On January 3, the National Bank of Kuwait [NBK] announced the launch of SWIFT’s global payments innovation [gpi] using the integration capabilities of ACI Worldwide’s payment engine. NBK is the same bank that had launched the National Direct Transfer Service using RippleNet wherein customers will have access to the payment […]

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SEC charges Floyd Mayweather, DJ Khaled for promoting ICOs without disclosing payments

Floyd Mayweather touted Centra’s ICO on his Twitter account saying it “starts in a few hours. Get yours before they sell out, I got mine.” DJ Khaled called it a “game changer” on his social media accounts, the SEC said. Neither had disclosed promotional payments to investors. The SEC warned […]

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Natixis Payments Connects to ECB Instant Payment Scheme TIPS

Fidelity National Information Services (FIS), a financial services technology company, announced this Tuesday that it has facilitated the connection of Natixis Payments to the European TARGET Instant Payment Settlement (TIPS) scheme, an initiative of the European Central Bank (ECB). TIPS enables the instant processing and settlements of payments in 34 […]

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InstaReM Raises $20 Million in Series C Funding

Payments firm InstaReM announced the first close of its $45 million series C funding round as over $20 million. The financial technology (fintech) company claims that its current funding round is one of the largest in South-East Asian history. Based in Singapore, InstaReM provides cross border payments services across the […]

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‘Payments Four Times Faster Than Visa’: Network Fights Low Speeds and Threat of Lost Funds

Fraud, inefficient and expensive systems, a lack of transparency and slow transactions at busy times are a reality for many business networks around the world – inconveniencing merchants, their customers, and even the middlemen tasked with processing their transactions. Volume limitations have also frustrated retailers who may have considered turning […]

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Poll: Interest in Crypto as Payment Method Makes Small Inroads Among Moscow Residents

Five percent of Moscow residents who use non-cash methods of payment are open to using cryptocurrencies, according to a recently conducted survey, Forbes Russia reported Nov. 13. The investigation into the e-payment market in Moscow was carried out by Russian payment service Yandex.Money and the Moscow Information Technology Department (ITD). […]

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