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Payments

A collection of 37 posts

Google Cloud Introduces Its Own Blockchain for Payments Called Universal Ledger (GCUL)

Google Cloud Introduces Its Own Blockchain for Payments Called Universal Ledger (GCUL)

Google Cloud has introduced it's own blockchain called Google Cloud Universal Ledger (GCUL), a platform tailored specifically for financial institutions. Announced today by Rich Widmann, Google Cloud’s Head of Web3 Strategy, GCUL aims to provide a robust, compliance-focused blockchain infrastructure to streamline payment automation and digital asset

Brian Armstrong Champions Stablecoins as Coinbase Embraces Centralized Payment Rails

Brian Armstrong Champions Stablecoins as Coinbase Embraces Centralized Payment Rails

On July 18, 2025, President Donald Trump signed the GENIUS Act into law, a landmark piece of legislation that establishes a regulatory framework for stablecoins, cryptocurrencies pegged to stable assets like the U.S. dollar. In a recent Fox News interview, Brian Armstrong, CEO of Coinbase, praised the bill for

El Salvador Sees Sharp Decline in Crypto Remittances Amid Policy Shifts

El Salvador Sees Sharp Decline in Crypto Remittances Amid Policy Shifts

El Salvador’s experiment with cryptocurrency as a tool for economic growth seems to have hit a roadblock, with remittances through digital wallets plummeting nearly 45% in the first four months of 2025. Official data from the Central Reserve Bank (BCR) reveals that the country received just $16 million in

Amazon, Walmart, Expedia, Explore Stablecoins to Slash Payment Costs

Amazon, Walmart, Expedia, Explore Stablecoins to Slash Payment Costs

Major American retailers and travel companies, including Amazon, Walmart, and Expedia, are considering launching their own stablecoins to reduce the hefty fees associated with traditional card payments, according to a recent report from The Wall Street Journal. This potential shift could save merchants billions annually by bypassing the costly interchange

Coinbase Launches Bitcoin Rewards Credit Card to Compete with Gemini

Coinbase Launches Bitcoin Rewards Credit Card to Compete with Gemini

Coinbase, a leading cryptocurrency exchange, announced the launch of a new American Express credit card offering Bitcoin cashback rewards at its 2025 State of Crypto Summit on Thursday. The Coinbase One Card, exclusively available to Coinbase One subscribers, aims to integrate cryptocurrency into everyday spending by providing up to 4%

Stripe Acquires Crypto Wallet Infrastructure Firm Privy to Enhance Digital Financial Services

Stripe Acquires Crypto Wallet Infrastructure Firm Privy to Enhance Digital Financial Services

Payments giant Stripe has announced its acquisition of Privy, a leading crypto wallet infrastructure company, in a move that signals deeper integration of cryptocurrency into mainstream financial systems. The deal, revealed on Wednesday, is set to close in the coming weeks, with Privy continuing to operate as an independent product

Big Tech Explores Stablecoin Integration for Crypto Payment Solutions

Big Tech Explores Stablecoin Integration for Crypto Payment Solutions

Major technology firms are increasingly eyeing stablecoins, which are crypto tokens pegged to the U.S. dollar, as a way to streamline payments and reduce transaction costs. Companies like Apple, Google, Airbnb, and X are engaging in early discussions with crypto firms to explore integrating stablecoins into their payment systems.

Uber Explores Stablecoin Integration for Global Payments

Uber Explores Stablecoin Integration for Global Payments

San Francisco based transportation and delivery giant Uber is considering the integration of stablecoins as a payment option, according to CEO Dara Khosrowshahi. Speaking at the Bloomberg Tech Summit on Thursday, Khosrowshahi highlighted the potential of stablecoins to streamline international transactions for the company. The announcement signals Uber’s growing

Steak ‘n Shake Starts Accepting Bitcoin Payments at All Fast Food Locations

Steak ‘n Shake Starts Accepting Bitcoin Payments at All Fast Food Locations

Steak 'n Shake has announced that the chain will begin accepting Bitcoin payments at all its fast food locations starting May 16. Shared via a post on X, the decision positions Steak 'n Shake as a forward-thinking player, potentially setting a precedent for other dining establishments. With over

Bolivia Announces Plans for CBDC to Streamline Cross-Border Payments

Bolivia Announces Plans for CBDC to Streamline Cross-Border Payments

Bolivia’s Central Bank, under the leadership of President Edwin Rojas Ulo, is forging ahead with plans to introduce a digital currency known as the “virtual boliviano,” set to debut during the nation’s bicentennial independence celebration on August 6, 2025. This initiative, designed to modernize the country’s payment

New Study Reveals Millennials Embrace Crypto for Shopping as Adoption Surges

New Study Reveals Millennials Embrace Crypto for Shopping as Adoption Surges

A recent study reveals that U.S. millennials are increasingly turning to Bitcoin and cryptocurrencies for everyday purchases, marking a significant shift in how this demographic engages with digital finance. According to the Millennial Shopping Habits trend report by Coupon Follow, 42% of American millennials have used cryptocurrency to buy

Mastercard Adds Stablecoin Support to Global Payments System

Mastercard Adds Stablecoin Support to Global Payments System

Mastercard is introducing comprehensive stablecoin transaction capabilities to its ecosystem by enabling seamless global spending and acceptance. As stablecoins gain traction amid clearer regulatory frameworks, they are transitioning from niche crypto trading tools to vital components of efficient, programmable payment systems. Mastercard’s latest initiative ensures that individuals and businesses

Stripe Unveils New Stablecoin Product with Global Ambitions

Stripe Unveils New Stablecoin Product with Global Ambitions

Stripe, a leading payments technology company, is developing an innovative stablecoin based product that leverages the capabilities of Bridge, a stablecoin services platform it acquired in October 2024 for $1.1 billion. The new product, though still in its early stages, is generating significant interest for its potential to reshape

Coinbase and PayPal Expand Partnership to Boost Stablecoin Payments

Coinbase and PayPal Expand Partnership to Boost Stablecoin Payments

Coinbase and PayPal have announced an expanded partnership to accelerate the adoption and utility of the PayPal USD (PYUSD) stablecoin, marking a significant step toward mainstream integration of digital currencies in global payments. This collaboration leverages Coinbase’s robust custody and trading platforms to support seamless PYUSD-USD conversions and explore

PayPal Boosts PYUSD Adoption with 3.7% Yield to Compete in Stablecoin Market

PayPal Boosts PYUSD Adoption with 3.7% Yield to Compete in Stablecoin Market

PayPal is intensifying its efforts to capture a larger share of the rapidly evolving stablecoin market by introducing a 3.7% annual yield for U.S. users holding its PayPal USD (PYUSD) stablecoin. This strategic move, set to roll out this summer, aims to make PYUSD a more attractive option

WooCommerce Plugin Brings Zano Crypto Privacy to WordPress Stores

WooCommerce Plugin Brings Zano Crypto Privacy to WordPress Stores

A recently launched WooCommerce plugin now allows WordPress store owners to seamlessly integrate Zano, a privacy-focused cryptocurrency, as a payment option. Introduced in 2019, Zano is designed for secure and untraceable transactions, leveraging advanced cryptography to ensure user confidentiality. This development responds to a growing demand for decentralized and private

Scott Bessent Highlights Blockchain and Stablecoins as Key Focus for Treasury Plans

Scott Bessent Highlights Blockchain and Stablecoins as Key Focus for Treasury Plans

Treasury Secretary Scott Bessent spoke to investors and banking leaders at an American Bankers Association summit on Wednesday morning, spotlighting the government’s interest in blockchain, stablecoins, and new payment systems. In prepared remarks delivered today, Bessent emphasized that the Treasury Department is actively reviewing regulatory obstacles tied to these

PayPal Expands Crypto Offerings with Solana and Chainlink Support for U.S. Users

PayPal Expands Crypto Offerings with Solana and Chainlink Support for U.S. Users

PayPal has taken a new step forward in its crypto journey by introducing native support for Solana (SOL) and Chainlink (LINK), allowing users in the United States and its territories to buy, sell, hold, and transfer these digital assets directly on the platform. This development, quietly announced through updates to

MasterCard Aims to Create a Seamless Crypto Transaction Network for 3.5 Billion Cardholders Worldwide

MasterCard Aims to Create a Seamless Crypto Transaction Network for 3.5 Billion Cardholders Worldwide

Mastercard is stepping up its efforts to bridge the gap between traditional finance and the rapidly evolving world of Bitcoin and cryptocurrency. With regulatory changes and growing acceptance from Wall Street, the payments giant sees an opportunity to expand its blockchain and digital asset capabilities. Raj Dhamodharan, Mastercard’s executive

Bitso Exchange Unveils Stablecoin Venture with Juno, Targets Payments in Latin America

Bitso Exchange Unveils Stablecoin Venture with Juno, Targets Payments in Latin America

Latin American crypto exchange Bitso is stepping into the rapidly growing stablecoin space with the launch of its new subsidiary, Juno. This strategic move positions the company to capitalize on the increasing demand for efficient digital payment solutions across the region. Juno’s debut offering is a Mexican peso stablecoin,

MoonPay Bolsters Dominance with Strategic Acquisition of Stablecoin Platform Iron

MoonPay Bolsters Dominance with Strategic Acquisition of Stablecoin Platform Iron

In a move that solidifies its position as a leader in the web3, MoonPay has announced its acquisition of Iron, a cutting-edge stablecoin infrastructure developer. The deal comes just months after MoonPay’s purchase of Helio, a cryptocurrency payments platform, signaling the company’s aggressive push to expand its offerings

Steak ‘n Shake Sparks Buzz with Bitcoin Payment Tease

Steak ‘n Shake Sparks Buzz with Bitcoin Payment Tease

Fast food giant Steak ‘n Shake has once again stirred the pot with a tantalizing hint at embracing Bitcoin payments. On March 7, 2025, the chain took to X with a simple yet provocative question: “Should Steak ‘n Shake accept Bitcoin?” The post quickly caught fire, drawing many social media

European Central Bank is Planning to Launch Blockchain Payment System

European Central Bank is Planning to Launch Blockchain Payment System

The European Central Bank is setting its sights on developing a blockchain-based payment system designed to streamline how financial institutions settle transactions using central bank money. This ambitious step could pave the way for a wholesale central bank digital currency, often referred to as a CBDC, marking a significant shift

Donald Trump Partners with Charles Schwab for Expansion into Crypto and Financial Services

Donald Trump Partners with Charles Schwab for Expansion into Crypto and Financial Services

In a move that aligns with the America-First ethos, Trump Media and Technology Group Corp (TMTG) has announced a significant expansion into the financial sector. The company, where President Donald Trump owns a significant stake in it, is known for its social media platform Truth Social and streaming service Truth+

Elon Musk Partners with Visa For X Money, Digital Payments Coming to the Everything App

Elon Musk Partners with Visa For X Money, Digital Payments Coming to the Everything App

Elon Musk's vision for X as an all-encompassing platform took a significant step forward today with the announcement of a partnership with Visa. This collaboration aims to integrate direct payments into the X social media app, introducing features that allow users to manage their finances and make online