(source: en.wikipedia.org)
MVB Financial has partnered with Velocity to join a Visa Direct pilot supporting stablecoin-enabled funding and settlement for push-to-card payouts, Velocity said in a Wednesday (Sept. 9) press release. MVB, which is a banking partner to FinTechs and innovation-driven companies, and Velocity, which offers a...
PayPal, M0 and MoonPay have launched a platform that lets businesses and developers launch financial products on top of PayPal’s stablecoin. According to an announcement from M0 Wednesday (Sept. 9), PYUSDx launched with three live projects — Saturn, Concrete and Cap — with more than $100 million in processed volume on the...
ACH network operator Nacha and its Payments Innovation Alliance launched a new digital assets-focused initiative, according to a Wednesday (Sept. 9) press release. The Next-Gen Currency Project Team will be led by Nacha and the Digital Sovereignty Alliance, the release said. It will explore the...
Card issuing platform provider Marqeta has launched a partnership with stablecoin infrastructure company BVNK. This collaboration is designed to provide stablecoin-backed card capabilities to crypto-native and non-crypto companies, the companies announced Wednesday (Sept. 9). “The integration will enable Marqeta’s customers to embed stablecoin capabilities into wallets, cards and everyday financial products,” the...
Block aims to establish a national trust bank that would provide custody and related fiduciary services, including those for bitcoin and stablecoins, the company said in a Tuesday (Sept. 8) press release. Block said in the release that it submitted an application to the Office...
In 2024, announcements pairing banks, payment companies and established financial institutions with digital asset firms frequently centered on experimentation, access or validation. A traditional institution was testing blockchain. A payments company was adding crypto capabilities. A digital asset company was gaining the credibility or distribution...
Stablecoins may replace part of the machinery used to move money across borders, but they will not eliminate banks from international payments, according to Trace Finance Co-Founder and CEO Bernardo Brites. In a column published Sunday (Sept. 6) by Decrypt, Brites said companies processing stablecoin...
Hacks and theft cost cryptocurrency platforms over $3.6 billion in the last 18 months. That’s according to recent findings by CoinGecko, cited in a report Tuesday (Sept. 8) by CNBC, which notes most of these incidents — the results of cyberattacks and stolen passkeys — happened despite the companies conducting...
Stablecoin issuer Circle is set to acquire Singapore-based B2B cross-border payments infrastructure company Tazapay. The deal, announced Tuesday (Sept. 8) and expected to close next year, is designed to employ Tazapay’s banking relationships, local payout rails, and institutional customer base to accelerate adoption of Circle’s USDC stablecoin. “Tazapay brings deep...