FinTech News

Paxos is taking strides to increase stablecoin use in the payment sector with a robust new platform aimed at payment service providers (PSPs) and fintech companies.

The People’s Bank of China (PBOC) has revealed that the digital yuan, its central bank digital currency (CBDC), has seen impressive growth, with 180 million individual wallets created by the end of July.

Stripe has reintroduced cryptocurrency payments for U.S. merchants, allowing them to accept USDC through Ethereum, Solana, and Polygon.

Ripple, based in San Francisco, has launched a crypto custody service for banks and fintech firms, coinciding with increased Federal Reserve scrutiny on traditional banks offering crypto custodial solutions.

WisdomTree has unveiled a feature enabling users of its Visa debit card to make purchases directly from its tokenized money market fund, the WisdomTree Government Money Market Digital Fund (WTGXX).

In a move to bolster user trust amid rising skepticism towards centralized financial systems, Wirex has rolled out Wirex Pay, a modular blockchain tailored for seamless payment transactions.

Mastercard is set to launch a groundbreaking initiative in South Africa, making it the first nation to benefit from the company’s latest advancements.