Payments News

On The Web

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Singaporean Payments Unicorn Nium Launches Crypto-as-a-Service Platform

“Singapore-based payments unicorn Nium has rolled out a crypto-as-a-service (CaaS) offering aimed at financial institutions. Nium provides turn-key purpose-built API suites for new and traditional finance companies. Its latest offering seeks to provide ready-made tools amid a period of high demand in crypto.The company said its new CaaS will provide institutions with “in-demand capabilities” for […]
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DeFi Tops $100 Billion for First Time as Cryptocurrencies Surge

“Bitcoin’s record rally helped push the value of assets used in decentralized finance to $100 billion for the first time, according to data compiled by DeFi Pulse . DeFi Pulse calculates the amount by combining the balance of Ether and other assets held in smart contracts settled on the Ethereum blockchain and multiplying them by […]
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New York Orders Crypto Lenders to Close Operations in State

“New York’s attorney general ordered two unlicensed cryptocurrency lending platforms to cease operating in the state as authorities continue to clamp down on crypto firms over fraud concerns. The names of the companies were not disclosed. In an order, the Office of the Attorney General said it had evidence that the platforms were illegally selling […]
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Ripple Starts $250 Million Fund to Woo Would-Be NFT Creators

“Ripple Labs Inc. is starting a $250 million fund to help creators of non-fungible tokens, in another sign of just how hot the NFT market has gotten. The Creator Fund will provide NFT creators with the financial, creative and technical support needed to explore and craft premium NFTs and other tokenization projects on the XRP […]
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Coinbase Dives Deeper Into Banking by Letting Users Deposit Paychecks Into Their Accounts

“Cryptocurrency exchange Coinbase is going deeper into traditional financial services, allowing users to deposit paychecks directly into their online accounts. Coinbase said Monday that its U.S. customers will be able to use the direct deposit service for any percentage of their paycheck. They can hold their money in dollars or immediately transfer it into cryptocurrencies […]
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“The survey shows that while the issue of European countries developing autonomous central bank digital currencies (CBDC) independently of the EU “drew a mixed reaction”, support for the idea is strongest in Italy (backed by 41% of respondents), Greece (40%), Estonia (39%) and Spain (37%). The Netherlands was the only country where the percentage of […]
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On The Wires

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Mastercard and Bakkt Partner to Offer Innovative Crypto and Loyalty Solutions

“Today at Money20/20, Mastercard (NYSE: MA) and Bakkt (NYSE: BKKT) announced a multifaceted partnership to make it easier for merchants, banks and fintechs in the U.S. to embrace and offer a broad set of cryptocurrency solutions and services. Consumers, in turn, will experience expanded access to the digital asset ecosystem. Bakkt extends Mastercard’s ecosystem of […]
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Cryptocurrency Innovators Invest in New Card Solutions, With Marqeta’s Modern Card Issuing Platform Powering Growth of New Category

“Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today that it is powering cryptocurrency spending and rewards products for Coinbase, Fold, Shakepay and Bakkt, with the company seeing rising interest in new card products in this rapidly evolving category. Use of cryptocurrencies has grown considerably in the United States, with data from the […]
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Bakkt Partners With Google to Introduce Digital Assets to Millions of Consumers

“Bakkt (“Bakkt”), a trusted digital asset marketplace that enables consumers to buy, sell, send and spend digital assets, today announced a partnership with Google to extend the reach and usability of digital assets to meet rapidly evolving consumer demand and preferences. Bakkt users will be able to add their virtual Bakkt® Visa® Debit Card (“Bakkt Card”) into […]