Payments News

On The Web

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Companies

CEO Says PayPal’s Crypto Commerce May Reach $200M Volume in Just Months

“As the price of Bitcoin continues to reach new all-time highs , major corporations with existing crypto offerings in place are beginning to discuss grand plans for the future.  Most recently, Dan Schulman, CEO of PayPal, hinted at future developments for PayPal’s crypto offering during Forbes’ “ 2021 Blockchain 50 Symposium: Crypto Goes Corporate ,” […]
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Systems

Finance Department Sees Issues With Facebook’s Digital Currency, Documents Show | CBC News

“Internal Finance Department documents show officials have deep concerns about the effect of Facebook’s planned digital currency on Canada’s financial stability. Officials wrote in the briefing note last summer that they believed the social media company had yet to address multiple concerns and risks its digital currency posed to the financial system. The July briefing […]
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Deals

Bitcoin Sleuthing Start-up Chainalysis Doubles Valuation to $2 Billion With Benioff Backing

“Chainalysis, a start-up that sells blockchain data analytics tools, announced Friday that it’s raised $100 million in an investment round valuing the company at $2 billion…Founded in 2014, Chainalysis helps governments and private sector companies detect and prevent the use of bitcoin and other cryptocurrencies in illicit activities like money laundering with its investigations and […]
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Systems

Regulated Stablecoin Launches in New Zealand – CoinDesk

“A New Zealand-based firm says it has created the country’s first legal stablecoin, one backed by the country’s dollar. According to a press release shared with CoinDesk on Wednesday, the New Zealand dollar stablecoin ($NZDs) is issued by Techemynt, a regulated company with ties to crypto hedge fund Techemy Capital. Launching today, the cryptocurrency is […]

On The Wires

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Systems

As Digital Payments Continue to Surge, Blackhawk Network and Bakkt® Partner to Make It Easier to Purchase EGifts With Digital Assets

“As consumers and merchants accelerate their adoption of digital payment options, Blackhawk Network and Bakkt® have launched a partnership that enables users to easily purchase eGifts using digital assets, such as bitcoin, supported loyalty points and cash. Blackhawk’s industry-leading portfolio of eGift brands enables Bakkt users to buy, send and redeem digital gift cards for […]
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Systems

Circle Launches Comprehensive NFT Platform & Marketplace Payments Solution

“Circle, a global financial technology firm that provides payments and treasury infrastructure for internet businesses, announced a comprehensive payments solution for non-fungible token (NFT) marketplaces and storefronts that enables them to accept credit card and crypto payments alike in order to attract more mainstream audience adoption. Circle today also unveiled forthcoming features that will be […]
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