Payments News

On The Web

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Systems

Iran to Allow Crypto Payments for International Trade: Report

“The Central Bank of Iran, or CBI, and the Ministry of Trade have reached an agreement to link the CBI’s payment platform to a trade system allowing businesses to settle payments using cryptocurrencies, the Mehr News Agency reported Monday. Alireza Peyman-Pak, Iran’s deputy minister of Industry, Mine and Trade and head of Iran’s Trade Promotion […]
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Systems

TransUnion Brings Credit Data Checks to Crypto Lending

“Cryptocurrency lenders are going to be able to start checking credit reports. TransUnion , one of the three major U.S. consumer credit reporting firms, will let consumers give blockchain companies access to their personal credit data through the security firm Spring Labs’ ky0x Digital Passport.”
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Regulation

Government Report Suggests Tightening Regulations on Crypto ATMs

“The use of crypto payments to facilitate illegal human and drug trafficking is rising, and the Government Accountability Office (GAO) is blaming crypto kiosks. In a new study released Monday, the GAO – a government agency that provides auditing and investigative services for Congress – highlighted that the kiosks, also called crypto ATMs, were partly […]
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Global

RBI Told Board It Wants Blanket Crypto Ban, Economic Times Says

“The Reserve Bank of India said it favors a complete ban on cryptocurrencies at a meeting of its central board on Friday, the Economic Times reported , citing unnamed people familiar with the deliberations. India’s central bank made a detailed presentation to its board highlighting “serious concerns” around the impact of cryptocurrencies on macroeconomic and […]
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Systems

The Biggest Threat to Trust in Cryptocurrency: Rug Pulls Put 2021 Scam Revenue Close to All-time Highs – Chainalysis

“Scams were once again the largest form of cryptocurrency-based crime by transaction volume, with over $7.7 billion worth of cryptocurrency taken from victims worldwide. That represents a rise of 81% compared to 2020, a year in which scamming activity dropped significantly compared to 2019, in large part due to the absence of any large-scale Ponzi […]
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Systems

Over $10 Billion Was Stolen in DeFi-related Theft This Year. Here’s How to Protect Yourself From Common Crypto Scams

“Between January and July alone, $681 million was exploited in major cryptocurrency thefts, hacks and fraud, according to intelligence firm CipherTrace.   This year overall, many of the most notable hacks involved decentralized finance, or DeFi, projects , with more than $10 billion lost to DeFi theft and fraud, a November report from blockchain analytics […]

On The Wires

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Systems

NCR Completes Acquisition of Cryptocurrency Leader LibertyX

“NCR Corporation (NYSE: NCR), a global enterprise technology provider, today announced the completion of the previously announced transaction to acquire LibertyX , a leading cryptocurrency software provider. LibertyX is a strong strategic fit for NCR because it accelerates NCR’s ability to rapidly deliver a complete digital currency solution to its customers, including the ability to […]
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Systems

Alchemy Pay (ACH) Leverages Fintech Giant NIUM and Amplifies Its Market Reach

“The global fintech giant, NIUM, announces its partnership with Alchemy Pay (ACH), a fiat-cryptocurrency gateway solutions provider. The partnership represents major progress for Alchemy Pay who will now leverage NIUM’s huge global coverage and swiftly pay out funds to clients at significantly lowered costs in the 190+ countries and territories where NIUM operates. In addition, […]