Paxos Launches Enterprise-Grade Stablecoin Payments Platform with Stripe Integration
Paxos, the blockchain company behind the Pax Dollar stablecoin, is making significant strides in expanding the use of stablecoins in the payments industry through its newly launched enterprise-grade infrastructure. On 15th October, Paxos revealed its new stablecoin payments platform, which is designed for payment service providers (PSPs) and fintech firms looking to integrate stablecoin payments […]
Ripple Prepares for RLUSD Stablecoin Rollout with Key Partnerships Announced at Swell 2024
Ripple has announced its exchange and market maker partners for the forthcoming launch of its dollar-pegged stablecoin, RLUSD, during the Ripple Swell 2024 conference in Miami. In addition, the firm has appointed former FDIC chair Sheila Bair and David Puth, ex-CEO of Centre, to its advisory board. Ripple’s latest venture into the stablecoin market underscores […]
China Reports Rapid Growth for Digital Yuan: 180 Million Wallets and 7 Trillion Yuan in CBDC Transactions
The People’s Bank of China (PBOC) has reported notable progress in the adoption of its central bank digital currency (CBDC), the digital yuan, with 180 million individual wallets opened as of 31 July, according to local media reports on 11 October. The CBDC has facilitated transactions amounting to over 7.3 trillion yuan (£1 trillion) across […]
Agant joins the Digital Pound Foundation to support development of a GBP stablecoin ecosystem
We are delighted to announce the addition of Agant to the Digital Pound Foundation as Associate Members. Among other planned activities, Agant intends to take an active part in the DPF’s Policy, Legal and Regulatory Working Group. Agant is building a pound sterling stablecoin (GBPA), domiciled and regulated in the UK. It aims to provide […]
Ripple Payments Debuts in Brazil Through Strategic Partnership with Mercado Bitcoin
Ripple, a leader in digital asset infrastructure, has partnered with Mercado Bitcoin to introduce its Ripple Payments solution in Brazil, marking its debut in the Latin American market. Mercado Bitcoin, the region’s largest cryptocurrency exchange, will be the first in Brazil to utilise Ripple’s end-to-end payments solution. This technology enables businesses to leverage blockchain for […]
Visa Partners with Spanish Banking Giant BBVA for 2025 Stablecoin Launch
BBVA, the Spanish banking giant, is preparing to enter the stablecoin market, with plans to launch its own digital asset in 2025, supported by Visa. According to Francisco Maroto, BBVA’s head of digital assets and blockchain, the bank is currently participating in a new Visa programme designed to help firms develop their own tokenised assets. […]
Russia Adjusts Digital Rouble Rollout, Mandating CBDC Acceptance by July 2025
Elvira Nabiullina, the Governor of the Bank of Russia, has confirmed that the digital rouble, the nation’s central bank digital currency (CBDC), remains on track for its mass rollout in July 2025. This announcement follows adjustments to the digital rouble’s pilot programme and new obligations for banks and merchants regarding CBDC adoption. Earlier reports indicated […]
Bank of England Addresses Opportunities and Risks of Digital Assets in Recent Speech
In a recent address during Digital Assets Week in London, Sasha Mills of the Bank of England discussed the evolving landscape of digital assets and payments, highlighting both the opportunities and risks these innovations present in achieving the Bank’s monetary and financial stability objectives. Mills expressed her enthusiasm for participating in the event, emphasising the […]
Quant, R3, and Banking Giants Pave the Way for Tokenized Payments in the UK
We are pleased to highlight the recent publication of UK Finance’s report on the UK Regulated Liability Network (RLN) project. This report encapsulates the experimentation phase conducted in collaboration with key industry players including Barclays, Citi, HSBC, Lloyds Banking Group, Mastercard, NatWest, Nationwide, Santander, Standard Chartered, Virgin Money, and Visa. This innovative financial market infrastructure […]
UK Finance Announces RLN Success: Quant Amongst Other Industry Leaders Exploring the Future of Tokenised Payments
UK Finance has announced the successful completion of the Regulated Liability Network (RLN) Experimentation Phase, a pioneering initiative aimed at enhancing the UK’s financial market infrastructure. This collaborative effort, involving eleven major financial institutions, including Barclays, HSBC UK, and Mastercard, alongside technology partners such as R3 and Quant, explored the potential of RLN to revolutionise […]
