payments

The Biden transition team just added one of the country’s most serious thinkers on the future of payments

The Biden transition team just added one of the country’s most serious thinkers on the future of payments

Quick Take Former CFTC chair Gary Gensler is no crypto enthusiast, but he takes the underlying payments technology very seriously. As an MIT professor, Gensler argued that cryptocurrency has exposed shortcomings in traditional existing payments infrastructure. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on …

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Silvergate’s payments platform crosses $100B in transfer volume

Silvergate’s payments platform crosses $100B in transfer volume

Crypto-friendly bank Silvergate said it was particularly “bullish” on its payments platform during its Q2 earnings call. Now it’s announced the Silvergate Exchange Network (SEN) has exceeded $100 billion in transfer volumes. The bank announced the milestone in a release today, addressing the rapid growth of the platform. The bank developed it in 2017 as …

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Europe Has Fallen Behind on Digital Payments, Lagarde Says

Europe Has Fallen Behind on Digital Payments, Lagarde Says

A European Central Bank (ECB) panel tasked with exploring a central bank digital currency (CBDC) is set to reveal its findings in the near future, followed by a public consultation, said ECB President Christine Lagarde. Speaking at the Deutsche Bundesbank’s conference on banking and payments in the digital world Thursday, Lagarde addressed the competition to …

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Crypto-friendly fintech firm Ziglu receives e-money license, launches P2P payments

Crypto-friendly fintech firm Ziglu receives e-money license, launches P2P payments

Ziglu, a crypto-friendly fintech firm based in London, has received an Electronic Money Institution (EMI) license from the U.K.’s Financial Conduct Authority and has launched peer-to-peer (P2P) payments for both fiat and cryptocurrencies. The EMI license, which allows Ziglu to issue e-money and provide payment services, was issued on September 1. The firm initially applied …

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Another Bitcoin Lightning Startup Is Working With Visa to 'Fast Track' Card Payments

Another Bitcoin Lightning Startup Is Working With Visa to ‘Fast Track’ Card Payments

Last month, Bitcoin Lightning startup Strike announced  it would be working with the world payment giant Visa. Now, another startup in the same vein, LastBit, which just launched its app in beta, will be going through the same Visa Fast Track program.  This partnership will eventually make it possible for users to pay for items …

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Facebook launches group to oversee “all things payments” with David Marcus at the helm

Facebook launches group to oversee “all things payments” with David Marcus at the helm

Facebook has launched Facebook Financial, a new group focused on all payments and commerce-related opportunities with Libra co-founder David Marcus at the helm. Marcus will now head up all payments projects at the tech giant. According to a Bloomberg report published Monday, the project, internally known as F2, is an effort to reorganize commerce strategy …

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Audius Rallies EDM Artists, Crypto VCs to Back Vision for Music Payments on Ethereum

Audius Rallies EDM Artists, Crypto VCs to Back Vision for Music Payments on Ethereum

Music is back on the blockchain.  Audius, a streaming service that connects music fans directly with artists, has raised $3.1 million in a strategic round co-led by Multicoin Capital and Blockchange Ventures, with participation from Pantera Capital and Coinbase Ventures.  Audius has now raised a total of $8.6 million as the platform prepares for prime …

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To Beat Online Censorship, We Need Anonymous Payments

To Beat Online Censorship, We Need Anonymous Payments

Richard Myers is an decentralized applications engineer at GoTenna and Global Mesh Labs. Online censorship and surveillance will persist as long as local fiat currencies are the only way to pay for telecommunication services. The risk of internet censorship and surveillance is a growing concern in many parts of the world. NetBlocks, a digital rights …

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