Payments

ripple, xrp

Ripple: XRP Pilot Cuts Payment Fees Up to 70%

| Nikhilesh De

Ripple's xRapid pilot program results found that customers saved both money and time when compared to traditional cross-border transactions.

Crypto Exchange Coinone Taps Ripple for New Remittance Service

| Sujha Sundararajan

A subsidiary of South Korean cryptocurrency exchange Coinone is turning to Ripple's xCurrent blockchain network for cross-border payments.

Arizona Lawmakers Strip Crypto Mentions From Tax Payments Bill

| Nikhilesh De

Arizona Senate Bill 1091 has been passed by the House and Senate - but no longer mentions cryptocurrencies anywhere.

jpmorgan

JPMorgan Seeks Patent for Blockchain-Powered Interbank Payments

| Nikhilesh De

A patent application by JPMorgan Chase suggests putting financial transaction information on a distributed ledger.

Square Books Small Profit for First Quarter of Bitcoin Sales

| Nikhilesh De

Square made $34.1 million in Q1 revenue through bitcoin sales, according to an SEC filing.

Reddit to Relaunch Bitcoin Payments (And Add More Cryptos)

| Wolfie Zhao

Reddit is looking to bring back cryptocurrencies as a payment option – and this time bitcoin won't be the only option.

Mastercard: Crypto Card Bans A Factor in Q1 Volume Decline

| Nikhilesh De

During its quarterly earnings call, Mastercard CFO Martina Hund-Majean said cross-border volume is down due in part to bans on crypto purchases.

BMW, Ford, GM: World’s Largest Automakers Form Blockchain Coalition

| Ian Allison

BMW, Ford, GM and Renault have joined with tech providers to form the biggest-ever consortium focused on blockchain for the automotive industry.

marketplace bazaar

Not Just Bitcoin: OpenBazaar Is Gearing Up for a Radical Redesign

| Leigh Cuen

Now that the likes of Etsy are jumping on the crypto train, decentralized marketplace OpenBazaar is gearing up for its biggest overhaul since launch.

US Credit Unions Will Use DLT to Expand Payments Business

| Sujha Sundararajan

CULedger will use the public ledger version of Hedera’s hashgraph to build a global system for cross-border payments.