News about PAYMENTS

News about Payments

Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments

The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to the renminbi. The Bank of China explains that the pi...

Conflux (CFX) soaring after Bank of China announced SIM Card NFC payments

At press time, Conflux (CFX) token was trading at $0.1981, up 10% in the last 24 hours. Conflux Network partnered with China Telecom to develop a Blockchain-powered SIM card (BSIM) in May 2023. The Bank of China will start testing of SIM card-linked...

Revolutionizing Fiat Payments: How Stablecoins Empower Africa and South America

Stablecoins, a sort of cryptocurrency meant to maintain a stable value, have received a lot of interest because of its potential to revolutionize financial institutions all around the world. Stablecoins offer a possible alternative in places where tr...

Bank of China trials offline payments for digital yuan via SIM cards

The bank plans to enable users to make phone payments by integrating its digital yuan app with specialized “super SIM cards” with near-field communication capabilities....

$4 Billion Mt. Gox Repayments May Tank Bitcoin in October - BeInCrypto

$4 Billion Mt. Gox Repayments May Tank Bitcoin in October& & BeInCrypto

Bitcoin Payments Will Power New Wave of AI Applications

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Tutorial: Setup + Use The Bolt Ring for NFC Lightning Payments/Tips

submitted by /u/benperrin117 [link] [comments]

Interest payments on track to $1 trillion this year, soaring fast

submitted by /u/Bitcoin_Maximalist [link] [comments]

Bitcoin miners will struggle to survive the next ‘halving’ event amid electricity costs, debt payments

Oh No, Oh No, Oh No No No No No... submitted by /u/kirtash93 [link] [comments]

Bitcoin miners will struggle to survive the next ‘halving’ event amid electricity costs, debt payments - Fortune

Bitcoin miners will struggle to survive the next ‘halving’ event amid electricity costs, debt payments& & Fortune

The Rise of Payments from DAOs to DAOs in the Web3 Ecosystem

In my research series today, as I examine DAOs and payment flows, I'll cover the resources I've found for possible solutions. In order to keep the topic alive, I will gather different solutions and resources I have found in the future on the...

Bitwage Purges USDC Payments for US Residents Due to a ‘More Strict Regulatory Climate’

Bitwage, a cryptocurrency payroll company, has announced it will remove USDC-based payments for U.S. residents. In an email sent to U.S.-based customers, Bitwage explains removing the second-largest stablecoin by market cap from its platform is relat...

Centralized Blockchain Payments Gain Traction As NY Fed Reports Success

Centralized blockchain payments have emerged as a promising solution to tackle the challenges plaguing the settlement process, as affirmed by the New York Federal Reserve after successfully concluding an extensive three-month experiment with prominen...

Bank Of America Praises Ripple For Impact On Cross-Border Payments

In a recent report by Bank of America titled “Breaking New Ground: Harnessing Payments Innovation in APAC,” the role of Ripple Labs in the payments space in the Asia-Pacific (APAC) region has been acknowledged by the Bank of America. The...

NY Fed, big banks report success with centralized blockchain payments

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Singapore’s DBS Bank Debuts Digital Yuan Payments For Chinese Merchants

DBS, one of the leading banks in Asia, has become one of the first foreign banks in China to introduce a digital yuan merchant collection solution, enabling businesses to accept payments in China’s central bank digital currency (CBDC), the e-CN...

India negotiates cross-border CBDC payments with global central banks

The CBDC aims to enhance the country’s potential for foreign trade with nations that lack U.S. dollar reserves. The Reserve Bank of India (RBI) is currently in discus...

Chinese City of Jinan Implements Digital Yuan Payments for Public Transportation Fares

Jinan, the capital of the Chinese province of Shandong, has recently included the digital yuan as a means of payment for its public transportation system. According to local sources, digital yuan payments were implemented on July 1 in all city buses...

???? This year $4.56 billion in payments were transferred through the bitcoin network By comparison, in the bull market of 2021, the figure was as high as $13.1 billion

submitted by /u/Extreme-Brief-8285 [link] [comments]

Want to optimize your Bitcoin transactions? Here's how to master sending and receiving payments on the Lightning Network.

submitted by /u/scecominorrr [link] [comments]

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