FTX resumes employee and contractor payments after weeks in limbo
Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world. The announcement came from new FTX CEO John Ray III on Nov. 28, as the insolvency professional looks to help FTX and its approximated 101 affiliated companies (FTX Debtors) navigate their way […]
Crypto.com rolls out Google Pay integration as Big Tech continues to embrace crypto
Global cryptocurrency wallet and exchange platform Crypto.com added Google Pay as a payment option for Android users to buy cryptocurrencies on July 21. Google Pay is estimated to have over 100 million users that could make use of the latest payment gateway to cryptocurrency markets. Users that have set up their Google Pay accounts to […]
Shopify Bitcoin payments integration triggers legal questions from the community
Following the announced integration of the payment app Strike with e-commerce platform Shopify to accept Bitcoin (BTC) through the Lightning Network, the crypto community raised concerns over the legal implications of the move. Crypto researcher Matt Ahlborg believes that the event is a very significant development for BTC as it allows the offloading of BTC […]
What is Solana (SOL) Pay, and how does it work?
PayPal was a massive innovation in the payments processing industry. The financial brainchild of Peter Thiel, Max Levchin and eventually, Elon Musk aimed far ahead of its time, facilitating instant payments between customers, businesses and more while utilizing the internet. Solana (SOL) Pay is considered by many to be the next innovation in the payments […]
Global council adds DeFi banking firm Scallop to help secure payment data
A council formed by traditional finance conglomerates American Express, Discover, Visa and Mastercard welcomes a decentralized finance (DeFi) banking firm to its participating organizations that help improve payment data security worldwide. Scallop, a regulated DeFi banking app recently announced its entry to the PCI Security Standards Council (PCI SSC), a global community with a goal […]
Coinbase debuts crypto rebate for online shopping via Apple Pay and Google Pay
Online shoppers who pay with their Coinbase Card on Apple Pay and Google Pay will begin enjoying crypto rebates. In an announcement on the Coinbase blog issued on Tuesday, the exchange service revealed that starting in June, some whitelisted customers will be selected to begin enjoying the crypto rebate feature. As part of the announcement, […]
Alipay set to allow users test China's digital yuan
Alipay, the mobile payment platform owned by Ant Group, is set to allow some of its users to participate in the emerging digital yuan commerce ecosystem. According to a report by China Securities Journal on Monday, this new feature is a result of MYbank’s participation in the country’s expanded digital currency electronic payment testing protocols. […]