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Search Results for: fiat currency

Hong Kong announces the Launch of e-CNY Wallet for Local Users

The Hong Kong Monetary Authority announced the launch of e-CNY wallets for local users in a press release on May 17. The project advocating for Cross-Boundary payments has been in effect since 2019.The e-CNY is a pilot program of China’s experimentation with digital fiat currency payment systems in connection with

May 17, 2024 2 mins read

Robert Kiyosaki Endorses Bitcoin Amid BRICS Crypto Speculation

Bitcoin (BTC) has been yet again endorsed by Rich Dad Poor Dad author Robert Kiyosaki. Despite his penchant for making such predictions, he is of the opinion that the cryptocurrency may mitigate the effects of the US dollar downfall this time. South Africa is one of the original members of

May 12, 2024 2 mins read

PayPal and MoonPay Collaboration Expands Crypto Options for US Users

United States users may now purchase and trade more than a hundred different cryptocurrencies, including Bitcoin and Ethereum, using PayPal transactions via wallet, bank transfers, or debit cards, thanks to the new collaboration pact between MoonPay and PayPal. A variety of digital assets, including Bitcoin, Ethereum, Litecoin, PayPal USD, and

May 2, 2024 2 mins read

US Authorities Investigate Jack Dorsey Led Block Over Compliance Breaches

Reports indicate that US federal authorities are looking into Block, Inc., Jack Dorsey’s fintech startup, after the disclosure of papers by a whistleblower that claimed the company’s payment divisions, Square and Cash App, were involved in extensive and persistent compliance breaches. According to NBC News’ May 1 report, a former

May 2, 2024 2 mins read

Venezuela Accelerates Shift to Tether (USDT) Amidst Tightening US Sanctions

In response to the harsh U.S. sanctions, Venezuela’s state-run oil firm PDVSA has reportedly taken further steps to diversify its revenue streams away from traditional fiat currency and toward digital assets such as Tether (USDT). The United States Department of the Treasury requested last week that all PDVSA users and

April 23, 2024 2 mins read

Exclusive Interview With Tapbit’s CEO, Lucas Galvão

Reporter: Good day, Lucas. Thank you for taking the time to speak with us today. To start, could you tell us a bit about Tapbit and its mission in the crypto world? Lucas Galvão: It’s my pleasure. Tapbit is dedicated to providing secure and stable trading services for mainstream crypto

March 22, 2024 2 mins read

Gate Group Expands Its European Presence With Italy VASP Registration

Gate Group Adds Italian VASP Registration to List of Global Expansion Achievements Gate.MT, the Malta-regulated company of Gate Group, recently announced its successful VASP registration with Italy’s Organismo Agenti e Mediatori (OAM) through its Italian subsidiary Gate Technology Italia SRL. This registration follows a series of other regulatory registrations, licenses,

March 20, 2024 2 mins read
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