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“In recent years, we have seen an increase in cross-border payments globally for both international commerce and remittances. By leveraging blockchain technology and crypto assets, we can significantly improve settlement times and overall costs,” Santiago Alvarado, SVP of Institutional Product at Bitso, said in the statement. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied National Australia Bank (NAB) has blocked suspected fraudulent payments to some centralized crypto exchanges (CEXs) as Aussie lenders continue to make efforts to curb crypto-based scams in the country. NAB blocks payments to some crypto exchanges NAB
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The cryptocurrency payment industry continues to evolve with a new cryptocurrency payment option coming to crypto-friendly Telegram messenger.Wallet, a Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has launched a crypto payment solution based on The Open Network (TON) blockchain.The new Wallet Pay service provides crypto
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“My philosophy has been ‘meet artists with where they're at,’” said Greenstein, discussing onboarding new creators to Web3. “Ultimately, once they get their music collected and get paid out instantly, that's the dopamine effect that goes ‘whoa, I just returned 100% of my revenue, this company didn't take anything from
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Bank of China, one of the largest state-owned banks in China, is currently conducting trials for a novel offline payment system that connects to SIM cards. This payment method is designed specifically for the digital yuan, also known as the e-CNY, which is China's central bank digital currency (CBDC) currently
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Despite ChatGPT’s phenomenal success, Michael Levin, who leads product growth at Lightning Labs, predicted in a tweet that chatbots and their user interfaces (UIs) are only the beginning. He says the lion’s share of use cases will be in yet-to-be-discovered enterprise and software-as-a-service (SaaS) applications. Source
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Fitting somewhere in the middle of the debate between central bank digital currencies (CBDCs) and private stablecoins, the Federal Reserve Bank of New York’s New York Innovation Center (NYIC), which has collaborated on the project since last year, concluded that “the network has the potential to deliver improvements in the
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According to a report from data analytics platform Nansen released Wednesday, NFT royalty payments sunk to a two-year low in June. Royalty payments reached their peak in April 2022, contributing to 28,000 ETH, or nearly $76 million, in one week of creator earnings. Meanwhile, June’s peak week saw creators collectively
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You've heard the script before. Migrants need to make payments back home to their family, but cross-border payments are achingly slow, taking days to process. Luckily, revolutionary new technologies like blockchains, stablecoins, and central bank digital currency (CBDC) are on the verge of speeding things up, or so their advocates
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