In partnership with the central banks of Israel, Sweden, and Norway, the Bank for International Settlements (BIS) has finalized a project that explores the potential advantages and challenges of using...
Tag: Settlements
50% of Payment Firms See Merchants Embracing Crypto Settlements Within 3 Years (Survey)
A joint study conducted by Ripple and the Faster Payments Council (FPC) estimated that more than half of the surveyed leaders of payment firms think most merchants will accept cryptocurrencies as a se...
Reports Indicate USDT Is Being Used in Venezuela to Facilitate Settlements and to Avoid Sanctions – Bitcoin News
Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers. Local reports indicate that, while the most p...
The Bank for International Settlements
In the days that immediately followed the collapse of the cryptocurrency firms FTX and Terraform Labs, there was an increase in the amount of trading activity that took place on significant exchanges,...
Bank of International Settlements Head Backs CBDC Over Crypto
Bitcoin News In his address in Singapore, though, he did express support for CBDC. He advocated for the use of CBDCs and tokenized deposits. According to Agustin Carstens, the head of the Bank of Inte...
Here’s What’s Driving Bitcoin (BTC) Adoption, According to Bank for International Settlements Research
The Bank for International Settlements (BIS) says that rising Bitcoin (BTC) prices spur much greater adoption just a few months later. In a new bulletin from BIS, the institution says retail investors...
Mastercard to allow crypto payments in Web3 via USDC settlements
A partnership between Web3 payment protocol Immersve and payments giant Mastercard will allow users to make crypto payments on digital, physical and the metaverse worlds. Once the transaction is succe...
NFT Sales Rise 18.43% This Week, Led by Ethereum’s $233.85 Million in NFT Settlements – Markets and Prices Bitcoin News
Non-fungible token (NFT) sales rose 18.43% this week, totaling $272.68 million. However, the number of NFT buyers declined by 60.31% to approximately 195,716. Ethereum NFT sales continue to lead the m...
Head of Innovation At Bank For International Settlements Hawkish on Crypto
Join Our Telegram channel to stay up to date on breaking news coverage The newly appointed head of the Bank for International Settlements (BIS) ‘Innovation Hub’, Cecilia Skingsley, predicts a bright f...
Visa Leads The Way In Financial Innovation With Blockchain & Stablecoin Settlements
VISA Inc. aims to transform the worldwide payment landscape and usher in a new era of financial innovation through the integration of blockchain technology and stablecoins into its platform. As the w...
VISA Working on Stablecoin Settlements on Its Platform
One of the world’s largest payments companies VISA Inc (NYSE: V) has started testing stablecoin settlements on its platform. Cuy Sheffield, VISA’s head of the crypto division confirmed the development...
Visa’s crypto strategy targets stablecoin settlements
Payment company Visa is seeking to build “muscle memory” around settlements, with plans to allow customers to convert digital assets to fiat currencies on its platform, according to a presentation fro...
NFT Market Remains Resilient With 1.23% Increase in Sales, Ethereum Dominates With 81% of Total NFT Settlements – Bitcoin News
Non-fungible token (NFT) sales rose slightly last week, increasing 1.23% to $232.49 million in recorded sales. The top two NFT collections, Otherdeed and Doodles, saw growth of 44% to 58% compared to ...
Latam Common Currency to Focus on Settlements Among Mercosur and BRICS Countries – Economics Bitcoin News
President of Brazil Luis Inacio Lula Da Silva clarified the scope and reach of the common currency that Brazil and Argentina are studying to issue in Latam. Lula Da Silva clarified that he believed th...
Central Bank of Saudi Arabia explores CBDCs for local wholesale bank settlements – Cryptopolitan
The Saudi Central Bank (SAMA) has recently announced its ongoing experiment of Central Bank Digital Currencies (CBDCs). Through this project, SAMA aims to better understand the potential uses of domes...
The Bank for International Settlements Introduces the DeFi Stack Reference
In a recent working paper, the Bank for International Settlements (BIS) examined the inner workings of decentralised finance (DeFi) and created the DeFi stack reference (DSR) model to highlight the ca...
Crypto Ban Proposed by Bank of International Settlements as Regulatory Approach
Vladislav Sopov To ban, to contain, to regulate: Three approaches suggested by BIS to prevent 2022 collapse from happening again Contents Crypto should be banned, isolated or regulated, BIS states Are...
Bank of International Settlements outlines policy approaches to ban, contain or regulate crypto
The Bank of International Settlements (BIS) suggests that authorities can take three different approaches when it comes to crypto following a particularly turbulent year: Regulate, contain or call for...
UK MP says stablecoin is a gateway to CBDC, only crypto can ‘disrupt’ settlements
The United Kingdom remains committed to becoming a world crypto industry hub in spite of the recent negative events that have occurred on the market. It is “the sector I have dedicated the most time t...
Bitcoin’s 2022 settlements volume almost hits $15t despite crypto winter
Bitcoin has been consolidating in the $16,000 to $16,900 zone since Dec. 16. While the flagship crypto’s price has dropped considerably from its all-time high (ATH) of the $68,000 mark in November 202...
Stablecoin settlements can surpass all major card networks in 2023: Data
Stablecoins play a very critical role in the crypto economy today and despite the recent run-down in the broader market, stablecoin volumes continue to dominate most exchanges. According to Coinmetric...
Stablecoin Settlements May Surpass Visa and MasterCard
This year has been a massive downward trend for the crypto market, but stablecoin usage and adoption are still increasing. Stablecoin adoption has grown quickly in 2022 despite crypto markets crashing...
Bank Of International Settlements Now Allows Banks To Hold 2% In Crypto
The Bank for International Settlements (BIS) has recently released its Prudential Treatment of Cryptoasset exposure report for December 2022. And as per the official statement, they have introduced a ...
Failed FTX Rescue Attempt Revealed, Putin Calls for Digital Currency Settlements — Week in Review – The Weekly Bitcoin News
Shark Tank star Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed attempt to raise $8 billion to rescue the now collapsed crypto exchange FTX. In other news, Russian president Vladimir Put...
Digital Dollar Could Streamline Settlements, DTCC Says
“This new initiative represents the essence of innovation … we should expect digital transformation to reshape markets and market structure in the coming years,” DTCC Managing Director Jennifer Peve s...
Putin Wants A Change to Settlements, And Crypto Is At Its Heart
Join Our Telegram channel to stay up to date on breaking news coverage Russia’s President, Vladimir Putin, has called out the monopoly of the global financial system. Putin said there was a need for a...
Putin Calls for International Settlements Based on Blockchain and Digital Currencies – Finance Bitcoin News
Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relyi...
Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions – Bitcoin News
Both facing sanctions, Russia and Cuba are looking into alternative options for cross-border payments, including cryptocurrencies, a Kremlin advisor has unveiled in Havana. Moscow is already developin...
Resolving Trucking Industry’s Slow Payment Settlements Through Tokenization
Ever evolving tech is revolutionizing even the traditional activities and bringing an unorthodox way to do the same. Trucking industry could be counted as one such entity. Even today, most of the task...
FIS Subsidiary Worldpay to Enable USDC Settlements on Polygon
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Japan Credit Bureau to Conduct Internal CBDC Tests for Settlements
The Japanese credit card company Japan Credit Bureau (JCB) will conduct an infrastructure experiment with a digital currency that mimics CBDC usage. It is building its own crypto for the purpose. Japa...
Match2Pay Multi-Crypto Payment Solution Now With FIAT Settlements And No Min. Monthly Fee
– Advertisement – Match-Trade Technologies, a leading technology provider for forex brokers, introduces a refreshed version of its proprietary payment solution – Match2Pay crypto payment g...