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Stripe, a global payment processing giant with annual revenues exceeding $15 billion, has announced plans to reintegrate cryptocurrency into its payment options.  This strategic shift comes six years after the company ceased all cryptocurrency transactions, citing the volatility and inefficiencies of Bitcoin (BTC). Stripe plans to relaunch its crypto payment services later this summer, initially supporting Circle’s USDC stablecoin, signaling a renewed confidence in digital currencies. Picks for you Solana trader turns $49,000 into $2 million in 5 hours 2 hours ago 2 crypto currencies to reach $100 billion market cap in May 2 hours ago ‘Final warning’ as Bitcoin faces imminent devastating capitulation 3 hours ago Popular Bitcoin wallet bans United States citizens from its service 4 hours ago John Collison, co-founder and president of Stripe, shared the company’s vision for a revitalized approach to crypto payment s at the Global In...

The Saudi Central Bank warned in 2019 that Bitcoin is “not recognized by legal entities” but hasn’t made many statements on crypto since. Hong Kong is expanding its financial collaboration with the Kingdom of Saudi Arabia, targeting agreements related to tokenization and payment s infrastructure. The Saudi Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) on July 26 held a bilateral meeting to strengthen the integration of financial services between the two countries. As part of the meeting agenda, the HKMA and the SAMA discussed initiatives such as financial infrastructure development, open market operations, market connectivity and sustainable development. The central banks also signed a memorandum of understanding (MoU) to promote joint discussions on financial innovation. HJMA chief executive Eddie Yue (left) and SAMA governor Ayman Alsayari (right). Source: HKMA According to an official joint announcement, Hong Kong and Saudi Arabia’s authorities also took the oppor...

Wallet, a custodial wallet bot on Telegram, says that merchants should sort out for themselves whether their jurisdictions allow them to accept payments in crypto. The cryptocurrency payment industry continues to evolve with a new cryptocurrency payment option coming to crypto-friendly Telegram messenger. Wallet, a Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has launched a crypto payment solution based on The Open Network (TON) blockchain. Called Wallet Pay, the new service provides crypto payment transactions between users and retail businesses, enabling direct payments within the Telegram interface. Announcing the news on July 13, Wallet told Cointelegraph that the new payment feature is immediately available within all jurisdictions supported by the wallet service. At the moment, this list of supported jurisdictions supported by Wallet Pay includes most countries except for the United States and those blacklisted by the Financial Action Task...