The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n
According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
The growing adoption of USDC in emerging economies comes amid the need to narrow the financing gap and facilitate remittances. The circle report shows that the most significant volume of USDC flows into Asia comprises remittance transfers. The issuer also asserts that the stablecoin is helping Asia narrow its $510 billion trade finance gap, relating to a lack of liquidity in cross-border remittances and credit.<\/p>\n\n\n\n The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
The growing adoption of USDC in emerging economies comes amid the need to narrow the financing gap and facilitate remittances. The circle report shows that the most significant volume of USDC flows into Asia comprises remittance transfers. The issuer also asserts that the stablecoin is helping Asia narrow its $510 billion trade finance gap, relating to a lack of liquidity in cross-border remittances and credit.<\/p>\n\n\n\n The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
See Related:<\/em><\/strong> Binance, Coinbase Suspend USDC Conversions After Circle Disclosed Exposure To Failed Silicon Valley Bank<\/a><\/p>\n\n\n\n The growing adoption of USDC in emerging economies comes amid the need to narrow the financing gap and facilitate remittances. The circle report shows that the most significant volume of USDC flows into Asia comprises remittance transfers. The issuer also asserts that the stablecoin is helping Asia narrow its $510 billion trade finance gap, relating to a lack of liquidity in cross-border remittances and credit.<\/p>\n\n\n\n The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
Overall, Circle says blockchain transactions relying on its stablecoin have crossed $12 trillion since its introduction in 2018. That has also coincided with a 90% decline in stablecoins\u2019 use in speculative trading in the last five years.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance, Coinbase Suspend USDC Conversions After Circle Disclosed Exposure To Failed Silicon Valley Bank<\/a><\/p>\n\n\n\n The growing adoption of USDC in emerging economies comes amid the need to narrow the financing gap and facilitate remittances. The circle report shows that the most significant volume of USDC flows into Asia comprises remittance transfers. The issuer also asserts that the stablecoin is helping Asia narrow its $510 billion trade finance gap, relating to a lack of liquidity in cross-border remittances and credit.<\/p>\n\n\n\n The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
Apart from Asia, Circle says about 33% of Latin American consumers have paid using a stablecoin. Consequently, the region has received $562 billion in digital currency between 2021 and mid-2022.<\/p>\n\n\n\n Overall, Circle says blockchain transactions relying on its stablecoin have crossed $12 trillion since its introduction in 2018. That has also coincided with a 90% decline in stablecoins\u2019 use in speculative trading in the last five years.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance, Coinbase Suspend USDC Conversions After Circle Disclosed Exposure To Failed Silicon Valley Bank<\/a><\/p>\n\n\n\n The growing adoption of USDC in emerging economies comes amid the need to narrow the financing gap and facilitate remittances. The circle report shows that the most significant volume of USDC flows into Asia comprises remittance transfers. The issuer also asserts that the stablecoin is helping Asia narrow its $510 billion trade finance gap, relating to a lack of liquidity in cross-border remittances and credit.<\/p>\n\n\n\n The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
Stablecoin<\/a> USDC is gaining traction in emerging markets, according to a new report<\/a> by issuer Circle. Circle says that in 2022, approximately $130 billion of USDC flowed into Asia, with Asia-Pacific accounting for 29% of the global digital currency value. The amount compares to 22% for Western Europe and 19% for North America.<\/p>\n\n\n\n Apart from Asia, Circle says about 33% of Latin American consumers have paid using a stablecoin. Consequently, the region has received $562 billion in digital currency between 2021 and mid-2022.<\/p>\n\n\n\n Overall, Circle says blockchain transactions relying on its stablecoin have crossed $12 trillion since its introduction in 2018. That has also coincided with a 90% decline in stablecoins\u2019 use in speculative trading in the last five years.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance, Coinbase Suspend USDC Conversions After Circle Disclosed Exposure To Failed Silicon Valley Bank<\/a><\/p>\n\n\n\n The growing adoption of USDC in emerging economies comes amid the need to narrow the financing gap and facilitate remittances. The circle report shows that the most significant volume of USDC flows into Asia comprises remittance transfers. The issuer also asserts that the stablecoin is helping Asia narrow its $510 billion trade finance gap, relating to a lack of liquidity in cross-border remittances and credit.<\/p>\n\n\n\n The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
Stablecoin<\/a> USDC is gaining traction in emerging markets, according to a new report<\/a> by issuer Circle. Circle says that in 2022, approximately $130 billion of USDC flowed into Asia, with Asia-Pacific accounting for 29% of the global digital currency value. The amount compares to 22% for Western Europe and 19% for North America.<\/p>\n\n\n\n Apart from Asia, Circle says about 33% of Latin American consumers have paid using a stablecoin. Consequently, the region has received $562 billion in digital currency between 2021 and mid-2022.<\/p>\n\n\n\n Overall, Circle says blockchain transactions relying on its stablecoin have crossed $12 trillion since its introduction in 2018. That has also coincided with a 90% decline in stablecoins\u2019 use in speculative trading in the last five years.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance, Coinbase Suspend USDC Conversions After Circle Disclosed Exposure To Failed Silicon Valley Bank<\/a><\/p>\n\n\n\n The growing adoption of USDC in emerging economies comes amid the need to narrow the financing gap and facilitate remittances. The circle report shows that the most significant volume of USDC flows into Asia comprises remittance transfers. The issuer also asserts that the stablecoin is helping Asia narrow its $510 billion trade finance gap, relating to a lack of liquidity in cross-border remittances and credit.<\/p>\n\n\n\n The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
Stablecoin<\/a> USDC is gaining traction in emerging markets, according to a new report<\/a> by issuer Circle. Circle says that in 2022, approximately $130 billion of USDC flowed into Asia, with Asia-Pacific accounting for 29% of the global digital currency value. The amount compares to 22% for Western Europe and 19% for North America.<\/p>\n\n\n\n Apart from Asia, Circle says about 33% of Latin American consumers have paid using a stablecoin. Consequently, the region has received $562 billion in digital currency between 2021 and mid-2022.<\/p>\n\n\n\n Overall, Circle says blockchain transactions relying on its stablecoin have crossed $12 trillion since its introduction in 2018. That has also coincided with a 90% decline in stablecoins\u2019 use in speculative trading in the last five years.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance, Coinbase Suspend USDC Conversions After Circle Disclosed Exposure To Failed Silicon Valley Bank<\/a><\/p>\n\n\n\n The growing adoption of USDC in emerging economies comes amid the need to narrow the financing gap and facilitate remittances. The circle report shows that the most significant volume of USDC flows into Asia comprises remittance transfers. The issuer also asserts that the stablecoin is helping Asia narrow its $510 billion trade finance gap, relating to a lack of liquidity in cross-border remittances and credit.<\/p>\n\n\n\n The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
Stablecoin<\/a> USDC is gaining traction in emerging markets, according to a new report<\/a> by issuer Circle. Circle says that in 2022, approximately $130 billion of USDC flowed into Asia, with Asia-Pacific accounting for 29% of the global digital currency value. The amount compares to 22% for Western Europe and 19% for North America.<\/p>\n\n\n\n Apart from Asia, Circle says about 33% of Latin American consumers have paid using a stablecoin. Consequently, the region has received $562 billion in digital currency between 2021 and mid-2022.<\/p>\n\n\n\n Overall, Circle says blockchain transactions relying on its stablecoin have crossed $12 trillion since its introduction in 2018. That has also coincided with a 90% decline in stablecoins\u2019 use in speculative trading in the last five years.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance, Coinbase Suspend USDC Conversions After Circle Disclosed Exposure To Failed Silicon Valley Bank<\/a><\/p>\n\n\n\n The growing adoption of USDC in emerging economies comes amid the need to narrow the financing gap and facilitate remittances. The circle report shows that the most significant volume of USDC flows into Asia comprises remittance transfers. The issuer also asserts that the stablecoin is helping Asia narrow its $510 billion trade finance gap, relating to a lack of liquidity in cross-border remittances and credit.<\/p>\n\n\n\n The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15026,"post_author":"21","post_date":"2024-01-19 08:10:46","post_date_gmt":"2024-01-18 21:10:46","post_content":"\n Stablecoin<\/a> USDC is gaining traction in emerging markets, according to a new report<\/a> by issuer Circle. Circle says that in 2022, approximately $130 billion of USDC flowed into Asia, with Asia-Pacific accounting for 29% of the global digital currency value. The amount compares to 22% for Western Europe and 19% for North America.<\/p>\n\n\n\n Apart from Asia, Circle says about 33% of Latin American consumers have paid using a stablecoin. Consequently, the region has received $562 billion in digital currency between 2021 and mid-2022.<\/p>\n\n\n\n Overall, Circle says blockchain transactions relying on its stablecoin have crossed $12 trillion since its introduction in 2018. That has also coincided with a 90% decline in stablecoins\u2019 use in speculative trading in the last five years.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance, Coinbase Suspend USDC Conversions After Circle Disclosed Exposure To Failed Silicon Valley Bank<\/a><\/p>\n\n\n\n The growing adoption of USDC in emerging economies comes amid the need to narrow the financing gap and facilitate remittances. The circle report shows that the most significant volume of USDC flows into Asia comprises remittance transfers. The issuer also asserts that the stablecoin is helping Asia narrow its $510 billion trade finance gap, relating to a lack of liquidity in cross-border remittances and credit.<\/p>\n\n\n\n The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15026,"post_author":"21","post_date":"2024-01-19 08:10:46","post_date_gmt":"2024-01-18 21:10:46","post_content":"\n Stablecoin<\/a> USDC is gaining traction in emerging markets, according to a new report<\/a> by issuer Circle. Circle says that in 2022, approximately $130 billion of USDC flowed into Asia, with Asia-Pacific accounting for 29% of the global digital currency value. The amount compares to 22% for Western Europe and 19% for North America.<\/p>\n\n\n\n Apart from Asia, Circle says about 33% of Latin American consumers have paid using a stablecoin. Consequently, the region has received $562 billion in digital currency between 2021 and mid-2022.<\/p>\n\n\n\n Overall, Circle says blockchain transactions relying on its stablecoin have crossed $12 trillion since its introduction in 2018. That has also coincided with a 90% decline in stablecoins\u2019 use in speculative trading in the last five years.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance, Coinbase Suspend USDC Conversions After Circle Disclosed Exposure To Failed Silicon Valley Bank<\/a><\/p>\n\n\n\n The growing adoption of USDC in emerging economies comes amid the need to narrow the financing gap and facilitate remittances. The circle report shows that the most significant volume of USDC flows into Asia comprises remittance transfers. The issuer also asserts that the stablecoin is helping Asia narrow its $510 billion trade finance gap, relating to a lack of liquidity in cross-border remittances and credit.<\/p>\n\n\n\n The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","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"};
Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15026,"post_author":"21","post_date":"2024-01-19 08:10:46","post_date_gmt":"2024-01-18 21:10:46","post_content":"\n Stablecoin<\/a> USDC is gaining traction in emerging markets, according to a new report<\/a> by issuer Circle. Circle says that in 2022, approximately $130 billion of USDC flowed into Asia, with Asia-Pacific accounting for 29% of the global digital currency value. The amount compares to 22% for Western Europe and 19% for North America.<\/p>\n\n\n\n Apart from Asia, Circle says about 33% of Latin American consumers have paid using a stablecoin. Consequently, the region has received $562 billion in digital currency between 2021 and mid-2022.<\/p>\n\n\n\n Overall, Circle says blockchain transactions relying on its stablecoin have crossed $12 trillion since its introduction in 2018. That has also coincided with a 90% decline in stablecoins\u2019 use in speculative trading in the last five years.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance, Coinbase Suspend USDC Conversions After Circle Disclosed Exposure To Failed Silicon Valley Bank<\/a><\/p>\n\n\n\n The growing adoption of USDC in emerging economies comes amid the need to narrow the financing gap and facilitate remittances. The circle report shows that the most significant volume of USDC flows into Asia comprises remittance transfers. The issuer also asserts that the stablecoin is helping Asia narrow its $510 billion trade finance gap, relating to a lack of liquidity in cross-border remittances and credit.<\/p>\n\n\n\n The flows into emerging economies are positive due to existing capital financing restrictions, which have hampered business financing. The economies are also remittance-dependent, prompting alternatives that have created a demand for stablecoins. <\/p>\n\n\n\n Conversely, Circle CEO Jeremy Allaire was quoted<\/a> last year intimating a solid demand for USDC in non-US markets across Asia, LATAM, and Africa. Last week, Coinbase partnered<\/a> with Yellow Card to enable USDC transactions across 20 major African economies. The move is expected to cement USDC\u2019s uptake in emerging markets, focusing on tapping the remittances market and increasing economic freedoms.<\/p>\n","post_title":"USDC Popular As Remittances\u2019 Digital Currency In Asia - Circle Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"usdc-popular-as-remittances-digital-currency-in-asia-circle-report","to_ping":"","pinged":"","post_modified":"2024-01-19 08:10:51","post_modified_gmt":"2024-01-18 21:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n
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Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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USDC Narrows Financial Gap In Emerging Economies<\/h2>\n\n\n\n
Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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USDC Narrows Financial Gap In Emerging Economies<\/h2>\n\n\n\n
Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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USDC Narrows Financial Gap In Emerging Economies<\/h2>\n\n\n\n
Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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USDC Narrows Financial Gap In Emerging Economies<\/h2>\n\n\n\n
Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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USDC Narrows Financial Gap In Emerging Economies<\/h2>\n\n\n\n
Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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USDC Narrows Financial Gap In Emerging Economies<\/h2>\n\n\n\n
Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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USDC Narrows Financial Gap In Emerging Economies<\/h2>\n\n\n\n
Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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USDC Narrows Financial Gap In Emerging Economies<\/h2>\n\n\n\n
Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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USDC Narrows Financial Gap In Emerging Economies<\/h2>\n\n\n\n
Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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USDC Narrows Financial Gap In Emerging Economies<\/h2>\n\n\n\n
Interoperability And The Future Of Payments<\/h2>\n\n\n\n
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USDC Narrows Financial Gap In Emerging Economies<\/h2>\n\n\n\n
