Crypto Payments | ForkLog

ForkLog 15 29.11.2024

Russia Dismisses Proposal for Bitcoin Reserves

Russia has no immediate plans to store budget reserves in the leading cryptocurrency. This was stated by Anatoly Aksakov, head of the State Duma Committee on Financial Markets, in an interview with Parliamentary Newspaper. He attributed this stance to the asset’s high volatility and technical characteristics. “Bitcoin is backed by private individuals, and it is […]

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ForkLog 6 08.11.2024

Detroit Embraces Cryptocurrency for Public Service Payments

Detroit is set to become the largest city in the United States to accept cryptocurrency payments for taxes and other municipal fees. This was announced by Mayor Mike Duggan. Residents will be able to pay with digital assets through a platform managed by PayPal. The initiative is part of the city’s broader strategy to explore […]

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ForkLog 67 08.11.2024

Tonhub Introduces Crypto Card Supporting TON and USDT

The cryptocurrency wallet Tonhub has unveiled a Visa debit card, enabling payments directly from balances in TON and USDT. Tonhub has launched a Visa debit card, allowing users to make direct payments from their $TON or $USDt balances. Expect: ?Intuitive KYC?1.5% transaction fees?Supports SEPA, SWIFT, Apple Pay & Google Pay At Tonhub, your account isn’t […]

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ForkLog 34 23.10.2024

Avalanche Unveils Visa Payment Card

The Avalanche Foundation, the entity behind the Avalanche cryptocurrency platform, has collaborated with Rain Liquidity to develop an on-chain Visa payment card. Introducing the Avalanche Card! ? Spend your WAVAX, USDC, sAVAX, and more wherever Visa is accepted. Enjoy both physical and virtual cards, 24/7 dedicated support, and seamless transactions through popular apps. The future […]

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ForkLog 30 22.10.2024

Data Breach at Crypto Payment Provider Transak

The cryptocurrency payment provider Transak confirmed that a third party gained partial access to the data of 92,554 users (1.14% of the total database). The company asserts that no financially sensitive or critically important information was compromised. According to the team, the hacker gained unauthorized access to a platform employee’s laptop through a phishing attack. […]

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ForkLog 14 17.10.2024

Russia’s Central Bank Anticipates Initial Crypto Payment Trials by Year-End

The Bank of Russia remains optimistic about conducting initial experimental international cryptocurrency transactions by the end of the year, reports Interfax, citing Central Bank head Elvira Nabiullina. Speaking with journalists on the sidelines of the Finopolis-2024 forum, the official noted that “there is interest from participants.” However, since the experimental legal regime (ELR) pertains to […]

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ForkLog 28 11.10.2024

Stripe Introduces USDC and USDP Payment Service

Payment service provider Stripe has incorporated stablecoins USDC and USDP as payment options on its checkout page, reports Bloomberg. On the first day, customers from over 70 countries utilized this option. “We are doing what internet businesses need, which is to reach more customers at lower costs. ‘Stablecoins’ are showing early signs of being able […]

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ForkLog 30 19.09.2024

Louisiana Approves Bitcoin and USDC for State Services

John Fleming, the Treasurer of Louisiana, USA, has integrated Bitcoin and the Lightning Network, as well as the stablecoin USDC, into state operations. Residents will be able to pay for services from any wallets. A special service will convert incoming digital assets into US dollars, which will then be credited to state accounts. This will […]

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ForkLog 26 19.09.2024

Trump Pays for Burgers with Bitcoin

US presidential candidate Donald Trump treated Bitcoin supporters to burgers at the themed New York bar PubKey, paying with digital gold. JUST IN: ?? Donald Trump uses #Bitcoin to pay at a bar in New York. pic.twitter.com/ZAkeW5AH5g — Watcher.Guru (@WatcherGuru) September 18, 2024 According to co-founder Drew Armstrong, Trump paid $998.7 for several dozen burgers. […]

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ForkLog 12 17.09.2024

Russian Crypto Firms Excluded from Central Bank’s Experimental Group

Russian authorities have established a focus group for an experiment involving international cryptocurrency settlements, according to Vedomosti, citing three informed sources. The group includes select importers from the Russian Chamber of Commerce and Industry and the Association of Electronics Developers and Manufacturers, as well as some banks. “The focus group comprises importers facing significant challenges […]

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ForkLog 18 11.09.2024

PayPal and Venmo Integrate Ethereum Name Service for Crypto Payments

Payment platforms PayPal and Venmo have integrated the Ethereum Name Service (ENS). ? We’re thrilled to announce that @ensdomains is now supported on @PayPal & @Venmo! This new feature brings the power of ENS to millions, making crypto transfers easier and more secure than ever—starting in the USA.? pic.twitter.com/9hsrhRqEAp — ens.eth (@ensdomains) September 10, 2024 […]

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ForkLog 16 03.09.2024

Sberbank Advocates for Legalisation of Cryptocurrency Payments

Russia’s Sberbank supports the recognition of cryptocurrencies and stablecoins as legitimate payment instruments. This was stated by the bank’s Deputy Chairman of the Board and Head of Corporate and Investment Business, Anatoly Popov, in an interview with Reuters. According to him, the legalisation of mining in Russia and the possibility of international settlements in digital […]

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