Circle to Integrate Native USDC on Arbitrum Blockchain
Circle will introduce USDC natively on the Arbitrum blockchain. This step is expected to enhance transaction speed and affordability, fostering innovation in the DeFi ecosystem. In a recent announcement, Circle revealed plans to natively launch the US Dollar Coin (USDC) official version on the Arbitrum network. This move is part of a strategic collaboration with […]
Rosbank Tests Crypto Payments for International Transactions
Rosbank, one of Russia’s leading banks, has launched a pilot project for cross-border payments using cryptocurrencies, marking a significant step towards adopting digital currencies. The bank claims to be the first among systemically important banks to offer such services to facilitate secure and efficient international transactions. To make cryptocurrency payments, companies or individuals must enter […]
Binance Australia Stops AUD Bank Transfers
Binance Australia, the local arm of the leading crypto exchange, has suspended Australian dollar (AUD) deposits and withdrawals by bank transfer using PayID, a popular instant payment method. The exchange stated that it is looking for an alternative provider and assured users that their funds were safe. PayID is a secure payment service on the […]
Google Cloud Teams Up with Voltage to Boost Bitcoin Lightning Usage
Voltage, a Bitcoin Lightning infrastructure provider, has partnered with Google Cloud to expand its hosting capacity and locations worldwide and to facilitate faster and cheaper cross-border payments. By establishing payment channels between two parties, Bitcoin Lightning enables unlimited transactions that only require the first and last transaction to be recorded on the blockchain. Bitcoin Lightning […]
Crypto.com Gets Singapore License for DPT Services
Crypto.com has secured a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). This license will enable Crypto.com to continue offering its DPT services, including e-money issuance, account issuance, and money transfers, to customers in Singapore. MAS grants the MPI license as regulatory approval to provide payment services […]