Individuals with compatible external wallets, as well as merchants who embrace PYUSD for payments, will be able to receive transfers from Venmo users.
Despite the slow uptake, the transparency report suggests that PYUSD is effectively backed up by reverse repurchase agreements.
Swan plans to allocate the newly acquired funds to expand its operations in the Netherlands in the immediate future. Lakestar said that they are quite satisfied with Swan’s progress over the last year.
Klaytn is expanding its offerings to focus on the tokenization of real-world assets like jewelry and real estate on its blockchain.
PayPal says that by launching the new service to USD on ramp, it hopes to simplify customer interactions with cryptocurrencies.
With £3 billion in deposits, over £2 billion in loans on its balance sheet, and more than 400,000 credit cards issued since its launch in 2020, Zopa has rapidly established itself as a prominent player in the UK banking landscape.
ZAN is powered by technical innovations from AntChain Open Labs.
Sheffield said that Visa sees great potential for blockchain technology, especially in global and cross-border payments.
Visa will now use payment processors to facilitate cross border transactions via the USDC stablecoin on Solana Pay.
While the sum involved in this sanction violation might appear insignificant, it highlights the industry’s ongoing struggle to prevent breaches following global geopolitical events.
Sebastian Siemiatkowski, Klarna’s CEO and founder, said that the firm is very hopeful for the second half of 2023, suggesting that the aggressive cost-cutting strategy in 2022 may now be yielding.
Ivy will use these funds to expand its footprint in different regions and partner with major payment service providers thereby helping them power their own open-banking offerings.
The investment bank first made a bet on C6 in June 2021 when it bought its initial stake.
Trustly acquired SlimPay shortly after launching its data engine – Trustly Azura.
The Indian billionaire highlighted during Reliance’s annual general meeting that JFS intends to further widen its financial services with global partners including Blackrock.