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Leading payment giant Visa has launched a new platform to assist financial institutions in issuing and exploring the use cases…
The post Visa Launches Tokenized Asset Platform for Banks first appeared on The Crypto Basic.
The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market.
The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.
Ledger, a major hardware wallet company, has partnered with Revolut to enable crypto trading on its self-custodial wallets in certain EEA countries.
Tangem has partnered with Visa to introduce a new card that combines the convenience of a traditional payment card with the security of a hardware wallet.
The post Tangem and Visa Unveil Revolutionary Crypto Payment Card for Europe appeared first on Crypto Breaking News.
Self-custodial crypto wallet provider Tangem has developed a new wallet integrating direct payments through Visa.
A new fund offers a way to gain citizenship in Portugal by indirectly investing over $500,000 into Bitcoin.
Binance has resumed allowing its users to purchase crypto using Mastercard. Does this signal the end of Binances regulatory troubles?
Solana could emerge as a leading blockchain for payment institutions. Is a Solana-based ETF next?
USDT, Tether’s digital token pegged to traditional currencies, is leading a quiet revolution in the world of finance. In a landmark development, USDT has surpassed Visa’s average daily transaction volume on the Tron blockchain, underscoring its position as the undisputed leader in the stablecoin space. This surge signifies a growing confidence in stablecoins and their potential to disrupt the financial landscape. Related Reading: AI Crypto Fetch.ai (FET) Makes Big Bounce Volume Spikes Over 200% Ahead Of Merger USDT Flexes Muscles USDT’s dominance is evident. Available on multiple blockchains, it has seen its market cap explode since its inception in 2014. But the recent milestone on Tron, a blockchain known for its lower transaction fees, is particularly noteworthy. Lookonchain data reveals USDT transactions on Tron hitting a staggering $53 billion in a single day, exceeding Visa’s daily average of $42 billion. This 20% lead underscores the increasing adoption of stablecoins for everyday transactions. The 24-hour trading volume of $USDT on #TronNetwork is $53B, exceeding Visa’s average daily trading volume. Visa’s trading volume in Q1 2024 was $3.78T and the average daily trading volume was $42B. pic.twitter.com/jolGKIUcxE Lookonchain (@lookonchain) June 21, 2024 Why The Rise Of Stablecoins? So, what’s driving this surge? Unlike traditional cryptocurrencies known for their wild price swings, stablecoins offer a haven of stability. They are typically pegged to fiat currencies like the US dollar, meaning their value remains relatively constant. This stability makes them ideal for everyday transactions, eliminating the fear of sudden price drops that plague traditional cryptocurrencies. Additionally, stablecoins leverage the power of blockchain technology, enabling faster, cheaper, and more transparent transactions compared to conventional systems. Regulation On The Horizon As stablecoins gain traction, governments are scrambling to establish regulatory frameworks. The Lummis-Gillibrand Payment Stablecoin Act in the US and similar initiatives in the UK highlight a global concern for ensuring user protection and financial stability in the face of this innovation. While these regulations are crucial for responsible growth, navigating the ever-changing political climate adds another layer of complexity. For instance, the UK’s crypto policy remains uncertain with a looming general election. Related Reading: Follow The Whales? Arthur Hayes Buys Pendle, Token Soars 25% The Future Of Finance Despite the challenges, the momentum behind stablecoins seems unstoppable. Their ability to bridge the gap between traditional finance and the crypto world offers undeniable advantages. While daily transaction volume can be volatile, and concerns like rising transaction fees on Tron need to be addressed, the overall trend is clear. Stablecoins are here to stay, and their impact on the global financial system is likely to be profound. As regulations take shape and the technology matures, stablecoins have the potential to revolutionize the way we conduct everyday transactions, ushering in a new era of financial inclusion and efficiency. Featured image from Pexels, chart from TradingView
Increased stablecoin usage could be a sign of growing crypto adoption for a maturing industry.
Major banks collaborate on a shared ledger PoC to streamline tokenized asset settlements, aiming for a 24/7 interoperable network.
The post JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger appeared first on Crypto Briefing.
Visa is leveraging AI to improve fraud prevention and personalize payment services, enhancing security and user experience for its vast global network. (Read More)
Visa will launch a new product that allows consumers in Latin America to make payments with stablecoins.
As a result of all the recent buzz around stablecoins, Visa’s crypto division has released a new platform called the Visa Onchain Analytics Dashboard. It was after seeing a line chart made by well-known crypto enthusiast Nic Carter that Cuy Sheffield, Head of Crypto at Visa, decided to develop the
The financial services giant wants to make data about stablecoin usage clear and accessible, which requires some processing.
AVAX is currently trading at $18.78, down by 6.01% in the past 24 hours. The trading volume has also declined by 14.96%, settling at $250.58 million. The short-term dip notwithstanding, the cryptocurrency has registered a 15.46% seven-day rise, testifying to growing prominence in overall market action. Technical analysts offer contradicting indications. According to the analyst, […]
VeChain collaborates with Stella Pay to launch a Visa card, facilitating the use of $B3TR, $VET, and $VTHO tokens for purchases at millions of retailers worldwide. (Read More)
Razer Merchant Services (RMS) secures Visa's Direct Acquiring license, enabling secure card payment services in the Philippines, Singapore, and Malaysia.
The post Razer Teams Up with Visa: A Boost for Digital Transformation appeared first on BitPinas.
Fold is aiming at bringing its bitcoin rewards card product to users around the world through this expansionary partnership.
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