Crypto Payment

Residents of Brazil can now lawfully conduct transactions within the country using cryptocurrency. This major change came into effect after Brazil’s leadership signed a crypto policy authorizing various digital assets as a legal payment method. Bolsonaro Gives His Signature On Thursday, the president of Brazil, Jair Bolsonaro gave the thumbs up for bill 14.478 to enter into law. Of course, Bolsonaro’s approval was only after the policy had successfully gone through the Chamber of Deputies and the Senate. The president…

Giant consulting firm Accenture’s 2022 Payments report has revealed that more users are turning to virtual assets as a payment method. This is despite the unstable condition of the crypto market over the past year. The future is digital, even for face-to-face payments.” Next-Gen Payment Options on the Rise The company took a survey of 16,000 customers in 13 countries across Asia, Europe, Latin America, and North America. According to the survey, banks and traditional finance systems, including credit cards…

In a release on Thursday, a Russian news outlet revealed that the nation’s authorities have given the green light to crypto cross-border settlements. Beneath a new bill from the relevant entities, Russia will grant people access to crypto wallets. Central Bank Agrees on a Proposal for Cross-border Settlements The Bank of Russia and the Russian Ministry of Finance have agreed to let residents use digital assets for cross-border payments. Deputy Minister of Finance Alexei Moiseev claims both entities joined forces…

Framework Ventures – a blockchain-focused venture capital and technology company – has released a report examining compensation among venture-backed crypto startups.  The firm surveyed 18 companies, ranging from 2 to 80 employees, between May and June of 2022. Respondents were largely part of the DeFi, infrastructure, and web 3 gaming sectors and included by centralized companies and DAOs. Framework’s report publicly revealed 7 key findings, including information about how many startups actually use crypto over fiat to pay employees. Here’s…

The decentralized exchange aggregator 1inch has announced an integration with the fiat/crypto payment platform Wirex. This integration will bring 1inch API to Wirex’s non-custodial wallet, providing it with direct token swap functionality. According to a press release shared by 1inch, the integration will also use 1inch’s pathfinder to let Wirex users find the most favorable rates for their trades.  “The Wirex integration is a natural step for 1inch, which always strives for universal application and mass adoption of its products…

In a recent press release, leading payments network Mastercard disclosed plans to bring its services into the NFT industry. The company is joining forces with a string of NFT marketplaces to introduce “simple and secure” NFT commerce.  Buying NFTs Without Getting Crypto Mastercard's new partners include The Sandbox, Mintable, Nifty Gateway, Candy Digital, and other platforms. Together, they will provide Mastercard holders with the option to acquire non-fungible tokens using their credit or debit cards. Prospective buyers from Mastercard's 2.9B…

A new Deloitte study suggests American businesses are interested in crypto now more than ever.   Within the past couple of years, the crypto space has evolved remarkably. The structures supporting its operation have become more advanced, drawing the attention of business owners in traditional finance. Consumers Hold Significant Interest in Crypto Payments On June 8, accounting giant Deloitte released a survey called “Merchants getting ready for crypto”.  The survey functioned as a research vehicle to reveal the general sentiment…

Crypto payments make up a good chunk of AMC’s revenue. Late last year, Adam Aron, CEO of AMCTheaters announced in a tweet that the entertainment company would accept cryptocurrencies as payment online. It was a bold move that revealed his soft spot for blockchain technology, and one that has seemingly paid off significantly.  According to the CEO, more than a third of its ticket revenues were from cryptocurrencies. On the list of its acceptable coins were Bitcoin, Bitcoin Cash, Ethereum,…

Gucci is looking to woo affluent crypto investors after announcing plans to start accepting digital currencies for payment. A report revealed this bullish news yesterday, noting that the fashion house intends to start accepting crypto this month. However, the crypto payment option will be available in select US stores. According to the report, Gucci will initially roll out crypto payments in five stores in the US. These are Wooster Street in New York, Rodeo Drive in Los Angeles, Miami Design…