No Result
View All Result
No Result
View All Result
No Result
View All Result
\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19013,"post_author":"15","post_date":"2024-10-06 17:12:20","post_date_gmt":"2024-10-06 06:12:20","post_content":"\n

PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n

\u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19013,"post_author":"15","post_date":"2024-10-06 17:12:20","post_date_gmt":"2024-10-06 06:12:20","post_content":"\n

PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n

Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n

\u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19013,"post_author":"15","post_date":"2024-10-06 17:12:20","post_date_gmt":"2024-10-06 06:12:20","post_content":"\n

PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n

One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n

Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n

\u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19013,"post_author":"15","post_date":"2024-10-06 17:12:20","post_date_gmt":"2024-10-06 06:12:20","post_content":"\n

PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Norges Bank Aligns With MiCA<\/h2>\n\n\n\n

\u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n

One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n

Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n

\u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19013,"post_author":"15","post_date":"2024-10-06 17:12:20","post_date_gmt":"2024-10-06 06:12:20","post_content":"\n

PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n

Norges Bank Aligns With MiCA<\/h2>\n\n\n\n

\u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n

One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n

Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n

\u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19013,"post_author":"15","post_date":"2024-10-06 17:12:20","post_date_gmt":"2024-10-06 06:12:20","post_content":"\n

PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n

See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n

Norges Bank Aligns With MiCA<\/h2>\n\n\n\n

\u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n

One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n

Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n

\u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19013,"post_author":"15","post_date":"2024-10-06 17:12:20","post_date_gmt":"2024-10-06 06:12:20","post_content":"\n

PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Norway, a member of the European Economic Area (EEA), closely follows EU regulations, including the MiCA regulation. MiCA regulatory framework seeks to bring clearer rules to the crypto market. However, Norges Bank has yet to decide on issuing the digital asset, but it maintains that digital currency is a potential tool for enhancing cross-border payments.<\/p>\n\n\n\n

In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n

See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n

Norges Bank Aligns With MiCA<\/h2>\n\n\n\n

\u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n

One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n

Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n

\u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19013,"post_author":"15","post_date":"2024-10-06 17:12:20","post_date_gmt":"2024-10-06 06:12:20","post_content":"\n

PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Norway is the latest to express support for the European Union\u2019s crypto regulation (MiCA), now evaluating the adoption of a central bank digital currency (CBDC). Norges Bank expressed interest in the regulation and the potential adoption of CBDC to strengthen financial stability and improve cross-border payment systems, Cointelegraph reported<\/a>.<\/p>\n\n\n\n

Norway, a member of the European Economic Area (EEA), closely follows EU regulations, including the MiCA regulation. MiCA regulatory framework seeks to bring clearer rules to the crypto market. However, Norges Bank has yet to decide on issuing the digital asset, but it maintains that digital currency is a potential tool for enhancing cross-border payments.<\/p>\n\n\n\n

In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n

See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n

Norges Bank Aligns With MiCA<\/h2>\n\n\n\n

\u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n

One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n

Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n

\u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19013,"post_author":"15","post_date":"2024-10-06 17:12:20","post_date_gmt":"2024-10-06 06:12:20","post_content":"\n

PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

PayPal Expands Crypto Services<\/h2>\n\n\n\n

Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

\"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

Bead Pay Role<\/h2>\n\n\n\n

Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • The bank assessed the possible effects of the currency on banks, financial stability, and monetary policy.<\/li>\n<\/ul>\n\n\n\n

    Norway is the latest to express support for the European Union\u2019s crypto regulation (MiCA), now evaluating the adoption of a central bank digital currency (CBDC). Norges Bank expressed interest in the regulation and the potential adoption of CBDC to strengthen financial stability and improve cross-border payment systems, Cointelegraph reported<\/a>.<\/p>\n\n\n\n

    Norway, a member of the European Economic Area (EEA), closely follows EU regulations, including the MiCA regulation. MiCA regulatory framework seeks to bring clearer rules to the crypto market. However, Norges Bank has yet to decide on issuing the digital asset, but it maintains that digital currency is a potential tool for enhancing cross-border payments.<\/p>\n\n\n\n

    In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n

    Norges Bank Aligns With MiCA<\/h2>\n\n\n\n

    \u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n

    One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n

    Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n

    \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19013,"post_author":"15","post_date":"2024-10-06 17:12:20","post_date_gmt":"2024-10-06 06:12:20","post_content":"\n

    PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

    The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

    PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

    PayPal Expands Crypto Services<\/h2>\n\n\n\n

    Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

    Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

    State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

    \"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

    Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

    Bead Pay Role<\/h2>\n\n\n\n

    Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

    The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

    The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • In the past, Norway tested retail CBDC architectures for cross-border transactions<\/li>\n\n\n\n
  • The bank assessed the possible effects of the currency on banks, financial stability, and monetary policy.<\/li>\n<\/ul>\n\n\n\n

    Norway is the latest to express support for the European Union\u2019s crypto regulation (MiCA), now evaluating the adoption of a central bank digital currency (CBDC). Norges Bank expressed interest in the regulation and the potential adoption of CBDC to strengthen financial stability and improve cross-border payment systems, Cointelegraph reported<\/a>.<\/p>\n\n\n\n

    Norway, a member of the European Economic Area (EEA), closely follows EU regulations, including the MiCA regulation. MiCA regulatory framework seeks to bring clearer rules to the crypto market. However, Norges Bank has yet to decide on issuing the digital asset, but it maintains that digital currency is a potential tool for enhancing cross-border payments.<\/p>\n\n\n\n

    In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n

    Norges Bank Aligns With MiCA<\/h2>\n\n\n\n

    \u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n

    One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n

    Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n

    \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19013,"post_author":"15","post_date":"2024-10-06 17:12:20","post_date_gmt":"2024-10-06 06:12:20","post_content":"\n

    PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

    The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

    PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

    PayPal Expands Crypto Services<\/h2>\n\n\n\n

    Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

    Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

    State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

    \"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

    Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

    Bead Pay Role<\/h2>\n\n\n\n

    Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

    The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

    The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
      \n
    • In the past, Norway tested retail CBDC architectures for cross-border transactions<\/li>\n\n\n\n
    • The bank assessed the possible effects of the currency on banks, financial stability, and monetary policy.<\/li>\n<\/ul>\n\n\n\n

      Norway is the latest to express support for the European Union\u2019s crypto regulation (MiCA), now evaluating the adoption of a central bank digital currency (CBDC). Norges Bank expressed interest in the regulation and the potential adoption of CBDC to strengthen financial stability and improve cross-border payment systems, Cointelegraph reported<\/a>.<\/p>\n\n\n\n

      Norway, a member of the European Economic Area (EEA), closely follows EU regulations, including the MiCA regulation. MiCA regulatory framework seeks to bring clearer rules to the crypto market. However, Norges Bank has yet to decide on issuing the digital asset, but it maintains that digital currency is a potential tool for enhancing cross-border payments.<\/p>\n\n\n\n

      In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n

      See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n

      Norges Bank Aligns With MiCA<\/h2>\n\n\n\n

      \u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n

      One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n

      Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n

      \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19013,"post_author":"15","post_date":"2024-10-06 17:12:20","post_date_gmt":"2024-10-06 06:12:20","post_content":"\n

      PayPal has made its first corporate payment using PayPal USD (PYUSD), a stablecoin pegged to the US dollar. According to a Bloomberg report <\/a>on October 3, the payment was made to Ernst & Young via SAP\u2019s digital currency hub. Ernst & Young serves as PayPal\u2019s auditor.<\/p>\n\n\n\n

      The transaction showcases how stablecoins can facilitate instant payments for corporations. PayPal introduced <\/a>PYUSD in August 2023, backed by US dollar reserves and short-term US Treasurys. Currently, PYUSD has a market capitalization of $699 million, ranking it eighth among stablecoins, according <\/a>to DefiLlama.<\/p>\n\n\n\n

      PayPal\u2019s senior vice president of blockchain and cryptocurrency, Jose Fernandez da Ponte, noted that stablecoins are \"well-suited\" for enterprise payments.<\/p>\n\n\n\n

      See Related:<\/em><\/strong> PayPal Expands Cryptocurrency Services To U.S. Businesses<\/a><\/p>\n\n\n\n

      PayPal Expands Crypto Services<\/h2>\n\n\n\n

      Recently, PayPal has expanded its digital asset offerings, allowing US business users (except in New York) to buy, sell, and trade cryptocurrencies. The stablecoin market is attracting new players<\/a>, with companies like Robinhood and Revolut considering launching their stablecoins as regulations take shape.<\/p>\n\n\n\n

      Despite growing competition, Tether\u2019s USDT remains dominant with a market cap of $119.7 billion, far ahead of USD Coin (USDC), which has a market cap of $35.3 billion.<\/p>\n","post_title":"PayPal Makes First Corporate Payment With PYUSD Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-makes-first-corporate-payment-with-pyusd-stablecoin","to_ping":"","pinged":"","post_modified":"2024-10-06 17:12:28","post_modified_gmt":"2024-10-06 06:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18776,"post_author":"15","post_date":"2024-09-21 04:22:52","post_date_gmt":"2024-09-20 18:22:52","post_content":"\n

      State Treasurer John Fleming announced <\/a>that the government will accept Bitcoin, Bitcoin Lightning, and USD Coin for state payments. Louisiana residents can now use their private and secure crypto wallets to pay for state services.<\/p>\n\n\n\n

      \"\"<\/figure>\n\n\n\n

      Dr. Fleming explained that this move helps the government keep up with advancing technology. By accepting cryptocurrency, the state offers residents more payment choices.<\/p>\n\n\n\n

      \"In today's digital age, government systems must evolve and embrace new technologies.\"<\/em> He added, \"By introducing cryptocurrency as a payment option, we're not just innovating; we're providing our citizens with flexibility and freedom in interacting with state services.\"<\/em> <\/p>\n\n\n\n

      Dr. Fleming said this innovation will protect the state from cryptocurrency volatility.<\/p>\n\n\n\n

      See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n

      Bead Pay Role<\/h2>\n\n\n\n

      Bead Pay will convert cryptocurrency payments into U.S. dollars, so the state doesn't handle digital currencies directly. This process is similar to credit or debit card payments. State Representative Mark Wright, a supporter of digital asset laws, is excited about these new payment options and hopes Louisiana will remain a leader in digital payments.<\/p>\n\n\n\n

      The state believes these options will reduce fraud and enhance transaction security. Citizens can pay with Bitcoin wallets, while the state continues to receive U.S. dollars.<\/p>\n\n\n\n

      The Louisiana Department of Wildlife and Fisheries is the first agency to adopt this system, with more departments expected to follow. Secretary Madison Sheahan said this change will improve customer service and help the department better serve its users.<\/p>\n","post_title":"Louisiana Now Accepts Bitcoin For State Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-now-accepts-bitcoin-for-state-payments","to_ping":"","pinged":"","post_modified":"2024-09-21 04:22:59","post_modified_gmt":"2024-09-20 18:22:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

      Most Read

      Subscribe To Our Newsletter

      By subscribing, you agree with our privacy and terms.

      Follow The Distributed

      Twitter Instagram Youtube LinkedIn Facebook RSS
      ADVERTISEMENT

      Digital Currency

      Most Read

      Subscribe To Our Newsletter

      By subscribing, you agree with our privacy and terms.

      Follow The Distributed

      Twitter Instagram Youtube LinkedIn Facebook RSS
      ADVERTISEMENT
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.