Stablecoin cross-border payment service provider Cedar Money announced the completion of a $9.90 million seed round of financing, led by QED Investors, and participated by North Island Ventures, Wischoff Ventures, Lattice and Stellar. The valuation information has not been disclosed yet. Cedar Money enables seamless cross-border fund flow through stablecoins, supporting the combination of back-end blockchain technology and user-friendly fiat currency interface to provide enterprises with seamles...
In the third quarter of 2024, the proportion of active credit card holders paying only the minimum payment rose to 10.75%, the highest since 2012.
According to Crowdfundinsider, crypto payment solutions provider Alchemy Pay has announced that it has registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency exchange provider. The registration enables Alchemy Pay to offer fiat-to-cryptocurrency payment services in the Australian market. In addition, Alchemy Pay is registered with FINTRAC in Canada as a money services company and has received money transfer licenses (MTL) in eight states in the Uni...
On January 29th, it was learned from Netlink Clearing Company that on New Year's Eve this year, the peak value of network payments processed by Netlink Clearing Company and China UnionPay in the whole industry was 109,000 per second, an increase of 4.61% over last year and a record high.
Accrue, a crypto investment and cross-border transfer platform, completed a $1.58 million seed round led by Lattice, with participation from Maven 11, LAVA, Kraynos Capital, and Distributed Capital Partners. Launched as a crypto investment platform in 2021, Accrue has since expanded into dollar-based virtual accounts and virtual cards to facilitate cross-border transfer or MPESA account remittances in the African market.
Bitcoin payments startup Breez announced the completion of a $5 million funding round, with participation from Entrée Capital, ego death capital, Plan Fund and Timechain.
On January 17th, in the early morning of January 17th, Alipay issued a response saying: Due to one of our mistakes yesterday afternoon, a small number of users enjoyed a discount when paying. Some users sent this screenshot, concerned about whether we will recover the discount. A few facts are clarified here: 1. The Alipay official did not send any fund recovery text messages. If you receive the text message below, don't click it, so as not to be deceived. Please help us tell each other. 2. How ...
MoonPay acquired Helio for $175 million to expand its crypto payment infrastructure, and the acquisition of Helio will integrate its technology into MoonPay to enable crypto transactions on e-commerce platforms such as Shopify and Discord.
FTX creditor Sunil disclosed the "FTX Repayment Plan Initial Distribution Schedule" at X: creditors with claims under $50,000 are expected to receive a total of about $1.20 billion; FTX requires creditors to complete the pre-distribution requirement (claim registration) by January 20 to ensure that they can participate in the initial distribution. Repayments are not expected to begin before this date; Initial repayments are expected to begin on February 25 and may continue until March 4. This sc...
1. In 2024, the cumulative transaction amount of second-hand housing in Shanghai 747.80 billion the number of transactions 216,000 sets. 2. Real estate companies released sales "report cards", and some real estate companies had a significant "tail-turning" effect on sales at the end of the year. 3. Real estate financing has picked up slightly since September 2024. 4. UBS: Mainlanders' willingness to buy houses in Hong Kong hit a new high. 5. Hong Kong real estate: The number of second-hand HOS h...
Speaking on the X stream about payments on the platform, Mr. Musk said: "There are no immediate plans to use cryptocurrency in the X Payments service, we need a licence. We are focused on fiat currencies and focused on effectively launching the X Payments service."
The latest code leak for X, Mr. Musk's social platform, hints that its payments system, X Money, may be about to launch. X has secured money transfer licences for its payments subsidiary, X Payments LLC, in 39 US states but not all. X Money will allow users to tip content creators and may integrate cryptocurrency features. Analysts believe that Bitcoin and Dogecoin may be one of the payment options. X CEO Linda Yaccarino has confirmed that the feature will be launched in 2025, but has not confir...
WSPN (Worldwide Stablecoin Payment Network), a digital payment solution provider, announced that its stablecoin WUSD has completed the smart contract upgrade from V1 to V2. The new version of WUSD uses the smart contract technology provided by Fireblocks and introduces a number of features, including: asset mistransfer recovery mechanism, role-based access control, institutional-level address blacklisting and other security features, as well as optimized DeFi platform integration and multi-chain...
The Russian Finance Minister pointed out that the use of digital currencies for Global Payments represents the future trend.