Payments

Clearpool Expands to Payments Financing, Debuts Stablecoin Yield Token

by

Clearpool, a decentralized credit marketplace, unveiled a suite of products to finance payments, targeting fintech firms processing cross-border transfers and card transactions. The products include stablecoin credit pools for payment finance (PayFi) and cpUSD, a permissionless token that generates yield from short-term lending to payment providers. “What many overlook is that while stablecoins settle instantly, … Read more

Tether-Focused Blockchain Stable Raises $28M to Power Stablecoin Payments

by

Stable, developer of a new blockchain built around Tether’s USDT, said it raised $28 million in a seed round led by Bitfinex and Hack VC. Other backers include Franklin Templeton, Castle Island Ventures and KuCoin Ventures, alongside angel investors like Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson. The Stable blockchain, described as a … Read more

Zodia Markets Raises $18.25M to Fuel International Expansion, Stablecoin Payments

by

Zodia Markets, the crypto trading firm majority-owned by Standard Chartered (STAN), has raised $18.25 million led by Pharsalus Capital. The Series A funding round will be used to support Zodia's international expansion effort and further develop its stablecoin payments services, according to an announcement on Monday. Zodia is aimed at financial institutions, offering them a … Read more

PayPay Expands Crypto Payments for U.S. Merchants to Cut Cross-Border Fees

by

Digital payments giant PayPal (PYPL) said it is rolling out a service that lets U.S. merchants accept over 100 cryptocurrencies in payment for purchases as it aims to cut cross-border fees. The feature, dubbed Pay with Crypto and available in the coming weeks, enables shoppers to use crypto wallets like MetaMask and Coinbase at checkout. … Read more

Square Begins Rollout of Bitcoin Payments for Sellers, Targets Full Availability by 2026

by

Jack Dorsey's Square (XYZ) has begun the rollout of bitcoin payments for merchants on its network. Square began onboarding the first sellers, enabling them to accept Lightning Network-powered BTC payments from customers, Owen Jennings, executive officer at Square's parent company Block (XYZ), posted on X on Tuesday. Payments are settled in real-near time using Bitcoin … Read more

Japan’s E-Commerce Major Mercari Plans to Open BTC Payments For Over 20 Million Users

by

Japan, under its pro-Web3 Prime Minister Fumio Kishida, is taking efforts as a community to establish itself as a hotspot for blockchain-related activities. Recently, it has been reported that Japanese e-commerce major Mercari is planning to accept Bitcoin payment in the coming months. Launched in the year 2013, the Tokyo-headquartered company has a monthly active … Read more

India’s eRupee CBDC to Get Offline Payments Feature, Programmability Tweaks: RBI Governor

by

The Reserve Bank of India (RBI) is looking to adopt offline strategies to ensure that the eRupee CBDC enters the financial system of rural and remote parts of India. RBI governor Shaktikanta Das reportedly stated that the central bank plans to experiment with offline solutions to drive the adoption of CBDC in those parts of … Read more

Crypto Ransom Attack Payments Hit Record $1 Billion in 2023: Chainalysis

by

Payments from crypto-related ransom attacks nearly doubled to a record $1 billion (roughly Rs. 8,304 crore) in 2023, blockchain analytics firm Chainalysis said on Wednesday. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion (roughly Rs. 9,133 crore) last year, compared with $567 million (roughly Rs. 4,708 crore) in 2022. … Read more

Ferrari Expands Crypto Payments Support to Europe Due to ‘Evolving Client Needs’

by

Ferrari will allow customers in Europe to make payments for car purchases through cryptocurrencies. In an official statement released on Friday, the Italian luxury carmaker noted that the needs of its clients have evolved over time, and that people are opting for newer payment technologies that suit their convenience. According to Ferrari, most of its … Read more

Citi CEO Calls Digital Assets the Future of Global Payments and Liquidity

by

Citigroup (C) CEO Jane Fraser said the banking giant is actively developing digital asset capabilities, including exploring the potential launch of its own stablecoin. Fraser said that “we are looking at the issuance of a Citi stablecoin” during the Q&A section of the bank’s second quarter of 2025 earnings call. However, Fraser made it clear … Read more