Swedish fintech giant Klarna has finally succumbed to pressure from its 80+ million user base to offer crypto services. The development comes as the company prepares for its highly anticipated initial public offering (IPO) in the US, targeted for April with a valuation of up to $15 billion, making it one of the largest listings […]
The post ‘Last large fintech in the world’ Klarna to embrace crypto amid upcoming IPO appeared first on CryptoSlate.
According to a report from crypto exchange CEX.IO, stablecoin transfers reached $27.6 trillion in 2024, outpacing Visa and Mastercard’s combined transaction volume by 7.68%. The report pointed out that stablecoins consistently outperformed traditional payment providers throughout the year despite a dip in Q3 due to broader market slowdowns. This trend signals a shift in global […]
The post Stablecoins surpass Visa and Mastercard with $27.6 trillion transfer volume in 2024 appeared first on CryptoSlate.
X, the platform formerly known as Twitter, announced its first foray into financial services in partnership with Visa. The initiative introduces the X Money Account, a digital wallet allowing users to transfer funds, make peer-to-peer payments, and connect with traditional banking. Visa will power these features, enabling users to manage their money directly on the X […]
The post Elon Musk’s X takes first step toward ‘everything app’ with Visa deal appeared first on CryptoSlate.
Cryptocurrency adoption by merchants is reshaping global commerce, driving financial inclusivity and enabling a borderless future.
Binance, the largest crypto exchange by trading volume, said its users collectively transferred $26 billion in peer-to-peer remittances between 2022 and 2024 — saving $1.75 billion in remittance fees, according to a Jan. 21 statement shared with CryptoSlate. Binance CEO Richard Teng revealed the milestone during the World Economic Forum in Davos, highlighting how Binance […]
The post Binance enabled $26 billion in remittances via crypto over 2 years, saving users $1.75 billion appeared first on CryptoSlate.
MoonPay's acquisition of Helio is reportedly valued at $175 million.
While firms like Tesla are already in the S&P 500, VanEck’s Matthew Sigel says Block Inc. could be the first company in the index with an “explicit strategy” for accumulating Bitcoin.
Talks about the Dogecoin payments on the X payment have arisen again following recent developments. These developments include a recently leaked code that suggests the X payments launch is imminent. Dogecoin Payments Rumors On The Rise Amid Imminent X Money Launch Talks about the Dogecoin payments on X have gathered pace amid the imminent X […]
Traditional remittance giants like Western Union and MoneyGram are struggling to keep pace in an evolving financial ecosystem increasingly shaped by stablecoins. According to Matthew Sigel, Head of Digital Assets Research at VanEck, downloads of remittance giants apps have dropped significantly, with Western Union seeing a 22% decline and MoneyGram experiencing a 27% reduction. Meanwhile, […]
The post Western Union and MoneyGram app usage drops as stablecoin adoption surges appeared first on CryptoSlate.
The crypto exchange joins a number of crypto payment providers enabling customers to pay with crypto.
X (formerly known as Twitter) aims to chart a new course this year by blending finance, artificial intelligence, and social media into its ecosystem. On Dec. 31, CEO Linda Yaccarino teased upcoming features to provide users with broader capabilities beyond traditional social media interactions. According to her, 2025 will be a year when the platform’s […]
The post X aims for super app status in 2025 with X Money, X TV and deeper AI integration appeared first on CryptoSlate.
Coinbase CEO Brian Armstrong has signaled interest in incorporating Circle’s USD Coin (USDC) for payments on X, formerly known as Twitter. In a Dec. 29 post, Armstrong suggested that USDC payments would be a valuable addition to the platform and called on the X team to explore implementing this feature. This public appeal follows a […]
The post Coinbase CEO urges X to embrace USDC for payment integration appeared first on CryptoSlate.
Dec. 30 marked the end of the implementation phase of the Markets in Crypto-Assets framework, as authorities can enforce rules on certain crypto service providers operating in the EU.
Russia is actively using Bitcoin and other cryptocurrencies to counteract the impact of Western sanctions on its economy, Reuters reported on Dec. 25. The report cited Finance Minister Anton Siluanov, who recently stated that Russian companies have begun to utilize digital currencies, particularly Bitcoin mined within the country, for international transactions. He reportedly said: “As part […]
The post Russian firms turn to Bitcoin, stablecoins for global trade amid sanctions appeared first on CryptoSlate.
Binance CEO Richard Teng recently said it was “premature” to discuss the exchange’s return in the US.
El Salvador’s struck a loan deal with the IMF and will make Bitcoin acceptance voluntary and roll back government involvement in Bitcoin-related projects.
Some of Alipay’s mainland Chinese users saw ads inviting them to invest up to $137 daily in a fund with indirect exposure to a US spot Bitcoin ETF and Coinbase.
The treasury reserve plan will provide Travala with additional financial resources in the future, according to the CEO.
El Salvador reportedly expects to finalize a $1.3 billion IMF loan agreement in the coming weeks, adjusting its legal treatment of Bitcoin and aligning fiscal policies to secure international financing. According to the Financial Times, an IMF mission is in San Salvador to negotiate terms that would likely remove the requirement for businesses to accept […]
The post El Salvador required to remove mandatory Bitcoin acceptance to get $1.3 billion IMF loan – FT appeared first on CryptoSlate.
The new offering will be available across all Crypto.com card tiers with up to 8% rewards on spending.
Topper’s crypto off-ramp solution is designed to allow anyone using a self-custodial wallet like MetaMask to convert their crypto into fiat.
By January 2025, Dtcpay will drop support for Bitcoin and Ether to focus on stablecoin payments exclusively.
MetaMask added a fiat on-ramp feature through Venmo, allowing US users to buy crypto using the payment app, according to a Nov. 27 announcement. Crypto-focused fintech Moonpay enabled the new payment method. Venmo, a PayPal subsidiary, introduced crypto transfers for its customers in April 2023. The company has supported buying, holding, and selling crypto since […]
The post MetaMask integrates Venmo to enhance fiat-to-crypto onramp options appeared first on CryptoSlate.
MoonPay Balance will support deposits and withdrawals in euros and British pounds, with future plans to expand to the US.
Last year, underbanked households more commonly used crypto than those with no banking access whatsoever, according to an FDIC survey.
Coinbase has unveiled its crypto benchmark, the Coinbase 50 Index (COIN50), which will track the aggregated performance of the top 50 cryptocurrencies by market capitalization. The index’s rationale is to provide a comprehensive view of the crypto market by distilling thousands of digital tokens to a select 50 based on fundamental standards and market size. […]
The post Coinbase launches COIN50 index to rival S&P 500 in crypto markets appeared first on CryptoSlate.
China-based crypto mining chip designer Nano Labs is now accepting Bitcoin as payment for its products through its business account on Coinbase, according to a Nov. 11 statement. The firm said it adopted Bitcoin payments in response to increasing demand for digital currency options in the tech world. It added that the payment flexibility is […]
The post China-based Nano Labs turns to Bitcoin payments amid potential policy shift in the country appeared first on CryptoSlate.
Alchemy Pay’s new MTL licenses in Minnesota, Oklahoma, Oregon and Wyoming bring its total to eight US state licenses.
AgriDex is an example of how stablecoins are being increasingly used as a payment vehicle in emerging regions as a cheaper alternative for traditional banking rails.
As part of the program, developers can apply for up to $60,000 in grant funding to support their projects.