Stripe Acquires Stablecoin Platform Bridge in Recent Deal
TechCrunch founder Michael Arrington has reported that payment processing giant Stripe has acquired digital currency platform Bridge for $1.1 billion.
TechCrunch founder Michael Arrington has reported that payment processing giant Stripe has acquired digital currency platform Bridge for $1.1 billion.
Siam Commercial Bank (SCB), Thailand’s oldest commercial bank, has announced plans to offer stablecoin-based cross-border payment and remittance services to its clients.
London, United Kingdom, 9th October 2024, Chainwire
Grand Cayman, Cayman Islands, 8th October 2024, Chainwire
Singapore, Singapore, 8th October 2024, Chainwire
The European Union has introduced stricter regulations under the Markets in Crypto-Assets Regulation (MiCA) which includes the delisting of non-compliant stablecoins by cryptocurrency exchange Coinbase.
According to a recent report from Bloomberg, the financial technology company Revolut is contemplating the idea of introducing its own stablecoin as part of its expanding cryptocurrency product range.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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