Sui (SUI) rose nearly 4% over the past 24 hours after being selected as a launch partner for Google’s new Agentic Payments Protocol (AP2), a standard designed to let AI agents conduct financial transactions for users. The token’s move from $3.509 to $3.622 marked a 3.22% gain, with trading spanning a $0.183 range. By contrast, … Read more
Swiss banking powerhouse UBS, crypto banking specialist Sygnum and PostFinance, a subsidiary company of the state-owned Swiss Post, successfully tested payments between institutions on Ethereum, according to a press release on Tuesday. The proof of concept, run under the Swiss Bankers Association, saw UBS, PostFinance, and Sygnum Bank carry out transactions using deposit tokens — … Read more
Google is taking a step toward merging artificial intelligence (AI) and digital money, rolling out a new open-source protocol that lets AI applications send and receive payments, which includes support for stablecoins, digital tokens pegged to fiat currencies such as the U.S. dollar, according to a press release. To incorporate stablecoin rails, Google teamed up … Read more
Crypto-focused financial technology company MoonPay is set to acquire payments startup Meso. The acquisition, first reported by Bloomberg on Monday, was confirmed by MoonPay in a post on X. No financial details of the acquisition nor an estimated timeframe were provided. “We’re excited to share that MoonPay has acquired Meso to help us build crypto’s … Read more
Payments firm PayPal (PYPL) said it is expanding its peer-to-peer service by adding cryptocurrency transfers to its payment flow, the company announced on Monday. Users in the U.S. will soon be able to send bitcoin BTC$114,551.28, ether (ETH), PayPal’s dollar stablecoin PYUSD and other digital assets across PayPal, Venmo and an increasing number of crypto-compatible … Read more
Opinion by: Innokenty Isers, Founder and CEO of Paybis The loudest signal in months was not a price chart — it was a checkout button. PayPal turned on crypto at the point of sale for US merchants, promising near-instant settlement and international fees up to 90% lower than the status quo. That kind of delta … Read more
Crypto custody heavyweight Fireblocks has unveiled its own payments network to help participants move stablecoins around. The Fireblocks Network for Payments is designed to combine on- and off-ramps, liquidity providers, banks and stablecoin issuers with higher efficiency and lower risk than currently exists when providers use more fragmented and disperse systems. The network’s participants already … Read more
EMB: Sept. 2, 12:30 UTC Artificial intelligence (AI) company Kite raised $18 million to expand its platform for enabling autonomous agents to transact with stablecoins. The round, co-led by General Catalyst and PayPal Ventures, brings the San Francisco-based startup’s cumulative funding to $33 million, according to an emailed announcement on Tuesday. Formerly known as Zettablock, … Read more
Stellar’s native token, Lumens (XLM), showed sharp intraday volatility over the past 24 hours, with prices fluctuating between $0.38 and $0.39 — a 3% swing. After sliding from $0.39 to $0.38 on the evening of Aug. 27, XLM found firm support at the lower bound, where trading volumes surged above the daily average of 25.4 … Read more
Finastra, a London-based financial tech provider to some of the world’s largest banks, said Wednesday it will connect its payments hub to Circle’s (CRCL) USDC stablecoin, giving banks an option to settle cross-border transfers with the token. The integration will begin with Finastra’s Global PAYplus (GPP), which processes more than $5 trillion in daily cross-border … Read more