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 …
Ripple, the payments startup with an IPO in the cards and a complex relationship with the XRP cryptocurrency, is branching out into lending. Source link
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 …
Silvergate’s payments platform crosses $100B in transfer volume Read More »
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 …
Europe Has Fallen Behind on Digital Payments, Lagarde Says Read More »
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 …
Crypto-friendly fintech firm Ziglu receives e-money license, launches P2P payments Read More »
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 …
Another Bitcoin Lightning Startup Is Working With Visa to ‘Fast Track’ Card Payments Read More »
Ripple is reportedly struggling to find use cases for XRP and is looking to shift its strategy. The company now aims to be “the Amazon of payments,” CEO Brad Garlinghouse told The Financial Times in a report published on Thursday. “Amazon started as a bookseller and just sold books. We happen to have started with …
Ripple aims to become ‘the Amazon of payments’ says CEO Read More »
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 …
Facebook launches group to oversee “all things payments” with David Marcus at the helm Read More »
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 …
Audius Rallies EDM Artists, Crypto VCs to Back Vision for Music Payments on Ethereum Read More »
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 …
To Beat Online Censorship, We Need Anonymous Payments Read More »