Web3 must bridge back into Web2 for real cash flows — Checkout.com VP
“The seamless payments infrastructure and user experience derived from Web2 will be the backbone of Web3’s success,” said Max Rothman.
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EU regulators ban cross-border payments from Russian crypto accounts
In a statement on Thursday, regulators in the European Union banned all crypto-asset wallets, accounts and custody services from Russia.
Is payments giant SWIFT preparing for a blockchain-bound future?
Are TradFi and DeFi converging, moving toward a middle ground that includes tokenized assets, interoperability and regulation?
1inch wallet users get domain names with Unstoppable Domains partnership
The DEX aggregator said the partnership would promote the wider adoption of DeFi and Web3 products and services.
Bank of Russia Adds Digital Assets to Banking Chart of Accounts
Central Bank of Russia has introduced digital assets, including the digital version of the Russian ruble, to the recently published draft of the new banking chart of accounts. In the…
China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies
The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were…
Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis
Bitcoin looks suitable for Russia’s crypto cross-border payments at first glance, but there are many reasons why such a choice is highly questionable.
Settlements With China — Russia Plans Next Step for Digital Ruble
Russia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. Authorities in Moscow hope other nations will be willing to…
Israel, Norway and Sweden’s central banks partner with BIS to explore CBDC
The Project Icebreaker initiative aimed to improve cross-border payments by reducing costs and increasing speed and transparency, with a final report expected in Q1 2023.
Russian Exchanges Ready to Launch International Crypto Payments, Lawmaker Reveals
The largest exchanges in Russia are ready to begin operating with cryptocurrencies right after authorities legalize cross-border settlements in crypto, according to a leading member of the Russian parliament. The…
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