FinTech Behind Cardano’s First Stablecoin Launches Bank Accounts And Visa Deb...
COTI is set to launch bank accounts and Visa debit cards for its users. The company which is building the very first stablecoin on the Cardano blockchain is moving forward with new products to expand its service offerings to its clients. COTI had announced that it had partnered with Simplex to bring this project to the fore, which would enable users to operate bank accounts and debits cards on the platform. COTI has long been working on being a bridge between the finance and crypto world. Its services marry traditional finance offerings with the cutting-edge technology that comes out of....
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Per an official announcement, payment giant VISA expanded its stablecoin settlement services to the Solana blockchain. The program is currently in a pilot and testing phase but looks to improve upon the capabilities of the legacy payment rails. Related Reading: Solana Co-Founder Pushes For SOL Token Redistribution From FTX To Bankrupt Exchange’s Users VISA Doubles […]
Cardano investors in Japan have come under scrutiny after authorities reported that investors in the asset had underreported their taxes from their trading activities. It was reported that multiple cities in the country had seen profits from trading in Cardano’s native token ADA but had not reported the earnings made from investing in the digital asset. Authorities are now beginning to strengthen taxation laws around cryptocurrencies given that citizens have taken to using digital assets as a way to evade tax liabilities. Japanese citizens are investing more in cryptocurrencies and avoid....
Visa, one of the biggest payments companies in the world, has announced the launch of a series of crypto-enabled cards in partnership with several fintech startups in Latam. These cards will allow users to spend crypto, purchase crypto where Visa cards are accepted for such, and also receive crypto cash back through different fintech partners in the region.
Visa Provides Fintech Partners With Crypto-Enabled Cards
More global payment companies are taking an interest in mixing conventional fiat payments with more advanced solutions like cryptocurrencies. Visa, one of the leading....
Coti previously partnered with Cardano’s stablecoin hub Ardana to bring decentralized stablecoin payments to AdaPay. A new stablecoin is arriving on the Cardano blockchain to provide a tool for decentralized finance (DeFi) operations and avoid transaction fees.Cardano’s payment gateway provider, Coti, will be the official issuer of Djed, a new DeFi-focused stablecoin for the Cardano network, Cardano founder Charles Hoskinson and Coti CEO Shahaf Bar-Geffen announced Sunday at the Cardano Summit.The new stablecoin will be based on an algorithmic design using smart contracts to ensure price....
Two years ago the cryptocurrency firm Circle announced the launch of USDC, a stablecoin pegged to the U.S. dollar. This week, Circle revealed the launch of high yield digital dollar business accounts with APY up to 10.75%. On September 26, 2018, Circle and the Centre open-source consortium launched an ERC20 token called USD Coin or USDC. At the time of publication, USDC is the 12th largest blockchain in terms of market capitalization with $2.8 billion circulating today. Under tether (USDT), USDC is the second-most popular stablecoin. “USDC is the first of several fiat tokens Centre....