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OCC allows national banks to operate nodes and stablecoin networks

The Treasury’s Office of the Comptroller of the Currency (OCC) has greenlighted federally chartered banks to run nodes and use stablecoins for payments and other acceptable functions. The agency published a letter on January 4, noting that national banks or federal savings associates may validate, store, and record payment transactions by working as a node on independent node verification networks (INVNs). дальше »

2021-1-5 14:42


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US Federal Regulator Allows Banks to Issue or Use Stablecoins for Payments

The Office of the Comptroller of Currency has announced on January 4 that financial institutions like banks can now make use of stablecoins and blockchains to process payments, via a letter. The OCC informed banks that they could use these new methods as long as they comply with regulations and best banking practices in the US.Read More дальше »

2021-1-6 11:00


Stellar Development Foundation invests $3M in Settle Network

Today, the Stellar Development Foundation (SDF) announced a strategic investment in Settle Network, a digital assets settlement network across LATAM for exchange and cross-border payments. The investment of up to $3 million, paid in lumens, will help bolster Settle’s current suite of payment tools centered around stablecoins: fiat-to-crypto on-ramps for B2C and B2B users, stablecoin […] CryptoNinjas » Stellar Development Foundation invests $3M in Settle Network дальше »

2020-12-18 22:50


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FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls

The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote financial inclusion. дальше »

2020-10-18 17:05


Reserve Bank of Australia Sees No Rush in Launching A CBDC; Aussie Banknotes Are Working

As other nations are rushing to launch central bank backed digital currency dubbed CBDC, Australia is not joining the bandwagon. As per the Australian local news platforms, the Reserve Bank of Australia recent payments paper indicates that the bank is taking a cautious stand when it comes to CBDCs and privately issued stablecoins. дальше »

2020-9-18 00:59


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NOWPayments Review – An Easy to Integrate Crypto Payment Gateway

NOWPayments is a custody-free cryptocurrency payment processor that simplifies the process of accepting and making crypto payments from all across the world. In this Altcoin Explorer, we deep dive into NOWPayments, a cryptocurrency payment gateway that allows merchants to seamlessly accept and make payments in cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and fiat-pegged stablecoins. дальше »

2020-8-20 18:14


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Messari: Tether (USDT) Likely to Surpass Bitcoin as the Dominant Cryptocurrency

Although stablecoins are a relatively new invention in the cryptocurrency space, they have become quite popular among those who use cryptocurrencies for payments. The most preferred of them all is Tether’s USDT which a Messari researcher says may have the potential to replace Bitcoin as the dominant currency on public blockchains. Its number of daily […] дальше »

2020-7-22 13:00


Bermuda government to accept taxes in USDC stablecoin

Based on the latest report by Circle, Bermuda became the first government to accept payments for taxes, fees and other government services using stablecoin, USD Coin (USDC). The acceptance of USD-backed cryptocurrency is a result of Bermuda’s efforts into supporting the use of USD-dollar backed stablecoins and decentralized finance protocols and services. дальше »

2019-10-16 19:56


Bermuda Becomes 1st National Government to Accept Tax Payments in USDC Stablecoin

Today, Bermuda became the first government to accept payments for taxes, fees and other government services using USD Coin (USDC). Announced as part of a broader initiative from the Bermuda government aimed at supporting the use of USD-dollar backed stablecoins and decentralized finance protocols and services, this is a major дальше »

2019-10-16 16:13


Stablecoins : Killer application of blockchain

The first and foremost point we learn about the money is that it belongs to the government institutions. They print the money and we spend as the payments and use it as a store of value. This phenomenon was there for more than a decade or two, but things started moving resentfully when someone promulgated The post Stablecoins : Killer application of blockchain appeared first on ItsBlockchain. дальше »

2019-10-10 12:23