As the price of bitcoin surges on promises of a crypto-friendly White House, a juxtaposition is emerging in the digital asset space: While speculation soars, the industry’s promised revolution in payments remains largely unrealized. This disconnect points to a larger truth: While market excitement and...
Payment financing (PayFi) network Huma Finance launched its protocol on Solana. The expansion to this blockchain network expands Huma’s ability to provide instant liquidity solutions for global businesses and meet the demand for affordable, accessible and secure on-chain payment financing, Huma said in a Wednesday...
The PayPal USD (PYUSD) stablecoin now uses LayerZero’s Omnichain Fungible Token (OFT) Standard to enable transfers between the blockchain networks Ethereum and Solana. This integration enables fast, secure and cost-effective transactions for both users and businesses, the companies said in a Tuesday (Nov. 12) press release. “We believe that PYUSD holders will...
Donald Trump’s election victory has been a win for the world’s most popular cryptocurrency. The price of bitcoin came close to $90,000 on Tuesday (Nov. 12), driven by continued enthusiasm for the advent of a pro-crypto White House, Reuters reported. The price of bitcoin had...
The definition of crypto has historically oscillated between two poles: buzzword and true innovation. And to hear the industry’s executives tell it, the lack of regulatory clarity is among the primary reasons surrounding the uncertainty around blockchain’s potential impact, particularly within regulated industries like financial...
What can blockchain technology do for financial services in a friendly regulatory environment? With a new president coming in 2025, the ecosystem is about to find out. Donald Trump has promised to the industry that he — the U.S. Securities and Exchange Commission (SEC) under...
Until recently, blockchain’s potential impact within payments and commerce has been, well, somewhat blocked. But increasingly, financial service giants are turning their attention to unlocking the potential of blockchain platforms as the technology continues to mature and evolve how value moves across the globe. “Blockchain...
Switzerland-based bank UBS has created and piloted UBS Digital Cash, a blockchain-based payment solution. The new offering is designed to allow for the programmability of money movements for the bank’s corporate and institutional clients, UBS said in a Thursday (Nov. 7) news release. “Cross-border payments often lead...
The U.S. marketplace will likely become more cryptocurrency-friendly with industry-backed lawmakers winning in Congress and the White House this election cycle. Many crypto community experts have likened President-elect Donald Trump’s potential impact on digital assets to that of the internet boom under the President Bill...
