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Pick n Pay, the South African retailer, has revealed that some of its grocery stores are now accepting bitcoin payments. To ensure payments are affordable, Pick n Pay reportedly uses the Bitcoin Lightning Network which is said to be suitable for “high volume, low-value transactions.” 2017 Trial Served as Proof of
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Circle, which sought a Major Payments Institution License from the Singapore central bank, can now offer cross-border and domestic payment services, according to a press release. The company, which is behind the USDC stablecoin, can also offer token products. Original Source
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Developers said that denoting Sui in Mist units will enable more flexibility in SUI transactions by supporting micropayments at very low gas fees. Original Source
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The company is also working to bring cross-border capabilities to “spot desk, derivatives trading and currency hedging” while using on-chain assets. In addition, when a user onboards via Grapes Finance, it technically onboards with other counterparties, which can, in turn, grow the services that company offers, as well as their
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The Monetary Authority of Singapore is exploring blockchain-based payments solution to solve the challenges in cross-border transactions. See related article: Singapore warms up to crypto industry — on its own termsFast factsThe current state of cross-border payments “is slow, costly, opaque, and inefficient, relying on an archaic network of correspondent banks,”
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The Committee on Payment and Market Infrastructures, an international body that sets norms for the sector, has said it wants to probe the case for cryptos that seek to maintain value against fiat further in the coming months, according to a report published by the Financial Stability Board, an international
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The Bank of Namibia recently said it has brought virtual assets and virtual asset service providers under its fintech innovations regulatory framework, and that it plans to amend applicable laws and regulations. According to the central bank’s governor, there is an ongoing “battle between regulated and unregulated money on the
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On Thursday, at the Converge22 event in San Francisco, Circle announced the acquisition of the payment orchestration company Elements. Circle explained that the acquisition includes plans to “quickly scale payment offerings.” Circle says the new service will make it easier for merchants to integrate their existing points of contact with
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“Enabling a cheaper, faster and open payment network with some of the biggest financial institutions in the world isn’t fast and easy, but it’s happening. Every company that’s in the business of moving money is interested in superior payments, and we’re in talks with many of them. It doesn’t get
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