ChainCatcher news, according to official information, all games in the CATIZEN application center will support CATI payments, and the CATI rebate feature has also been launched, allowing all users to receive a 10% CATI recharge rebate in real-time.

ChainCatcher news, Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, recently pointed out in an article in the "Current Affairs Report" that the digital renminbi features a dual-layer operational framework, combining both account and value models. In the future, the digital renminbi will deepen its development in areas such as cross-border payments and smart contracts, aiding in the internationalization of the renminbi and the construction of a unified domestic market.The digital renminbi integrates both account and value models and achieves a unified ledger through data capability construction: under the account model, it can be integrated and interconnected with the traditional banking account system; under the value model, it can facilitate value exchange in the form of currency strings, providing smart payments on the blockchain and usable in extreme offline scenarios such as "no network" and "no electricity," optimizing traditional trade finance processes and supporting cost reduction and efficiency enhancement.

ChainCatcher news, payment giant Stripe has launched and supports USDC payments, accepting stablecoin payments from over 150 countries. Buyers can pay USDC from Ethereum, Solana, and Polygon chains, allowing U.S. businesses to receive dollars directly.In the future, this feature can be combined with checkout, content, or payment intent (as well as upcoming subscriptions). This feature is now available to hundreds of thousands of U.S. businesses and will expand to more countries and regions in the future.

ChainCatcher news, according to Cointelegraph, Alchemy Pay's virtual card is now available on Google Pay and is set to launch on Samsung Pay soon, providing users with another seamless way to spend cryptocurrency. Alchemy Pay mentioned in its announcement on October 8 that the new Samsung Pay payment feature will be launched within weeks after the platform completed its integration with Google Pay in September.

ChainCatcher news, according to Bitcoin.com, Ohio Senator Niraj Antani has proposed a bill to legalize cryptocurrency payments for state and local taxes.It is reported that the bill emphasizes the importance of cryptocurrency in the current economy, requiring Ohio to accept digital currencies like Bitcoin and allowing the state pension system to invest in these currencies. Antani highlighted Ohio's historical role in the adoption of cryptocurrency.

ChainCatcher news, according to Bitcoin Magazine, Ohio Senator Niraj Antani has introduced a bill proposing that Ohio accept Bitcoin for tax payments.

According to ChainCatcher news from the official website, payment giant PayPal has announced the launch of PayPal Complete Payments in China. This is a secure and efficient integrated platform that combines a range of customized products and solutions to support Chinese merchants in selling globally. The platform simplifies the payment and receivables processes for businesses of all sizes in China, promoting their development in cross-border trade and the digital economy. PayPal will leverage global resources to gradually roll out new features of PayPal Complete Payments, fully supporting cross-border transactions for Chinese enterprises.It is reported that in terms of payment experience, the platform offers a variety of payment options for overseas buyers, allowing businesses to achieve quick fund transfers and manage their finances more simply and efficiently. Additionally, the platform provides a one-stop cross-border RMB payment solution, which includes "PayPal Cross-Border Receivables" and "PayPal Cross-Border Payments" products, helping PayPal users address the challenges of traditional cross-border receivables processes, which are often cumbersome, lengthy, and costly. Furthermore, in terms of risk management and fraud detection, the platform employs big data, machine learning, and artificial intelligence technologies to reduce risk handling costs, minimize dispute resolution times, and monitor and identify potential fraudulent activities in real-time.

ChainCatcher message, iFAST Global Bank announced in an email that it will stop processing payments related to cryptocurrency assets starting from October 1, 2024, to strengthen measures against cryptocurrency-related fraud and protect customer funds.The bank stated that it will still accept inbound payments from cryptocurrency platforms registered with the Financial Conduct Authority (FCA) or equivalent regulatory bodies.

ChainCatcher News, the Financial Services Agency of Japan held its first meeting of the Fund Settlement Law Revision Working Group on the 25th, beginning the review of regulations related to the fintech era, including crypto assets and stablecoins. The meeting aims to address the diverse needs brought about by the digitalization of financial services and to promote a balance between user protection and healthy market development.During the working group meeting, discussions were held on how to design a system for the rapidly evolving financial business, covering areas such as decentralized finance (DeFi), cashless payments, and fintech. The Financial Services Agency will strive to ensure the stability and competitiveness of the Japanese financial system based on international trends.One focus is to strengthen the regulation of crypto asset exchanges. The Financial Services Agency will learn from the lessons of the FTX bankruptcy in November 2022 and consider introducing mandatory requirements for exchanges to hold assets domestically under the fund settlement law framework, in order to enhance the protection of user assets in the event of an exchange bankruptcy.Discussions on stablecoins also aim to promote their use. Currently, specific trust-type stablecoins are subject to the same regulatory standards as bank deposits, but other countries have greater flexibility in the operation of supporting assets. Japan is also considering adjusting relevant regulations.

ChainCatcher news, according to a report by CoinDesk citing sources, a court in Singapore has approved a four-month stay of payment for the Indian cryptocurrency exchange WazirX under certain conditions.The conditions imposed on WazirX include disclosing its wallet addresses through a court affidavit, responding to user inquiries, revealing its books within six weeks, and ensuring that any future voting takes place on an independent platform.WazirX lost $234 million in a hack in July, accounting for about 45% of customer funds, and the company had previously submitted a six-month stay application to the Singapore High Court.

ChainCatcher news, according to Decrypt, the Louisiana government has officially begun accepting cryptocurrency payments, becoming the latest U.S. state to accept digital currency for state services.Louisiana State Treasurer John Fleming announced earlier this week that residents can now use a variety of digital assets to pay for state service fees, including Bitcoin, the Bitcoin Lightning Network, and the USDC stablecoin pegged to the U.S. dollar.The state reported that the first cryptocurrency payment has been completed, with a payment made using the Bitcoin Lightning Network for a fine paid to the Louisiana Department of Wildlife and Fisheries. Fleming noted that this advancement is the result of the state government collaborating with Bead Pay and local integration partners to modernize the payment system and reduce fraudulent transactions.

ChainCatcher news, brokerage firm Bernstein stated in a research report on Thursday that the importance of stablecoins to the global financial system is growing, and they have become the 18th largest holder of U.S. Treasury securities.The report noted that after a decline in supply in 2023, the issuance of stablecoins has now returned to a historical high of $170 billion, with on-chain monthly payment volumes doubling over the past 12 months, reaching $1.4 trillion in July.The report pointed out that these cryptocurrencies are increasingly being integrated with payment and fintech companies such as PayPal (PYPL), MercadoLibre (MELI), and Grab (GRAB). Stablecoins are also being used more frequently for cross-border payments. Bernstein stated, "Dollar stablecoins on the crypto rails are now the cheapest cross-border payment rails."

According to ChainCatcher, hackers who carried out a cyberattack on the pharmaceutical distributor Cencora received a ransom payment of $75 million in three installments in Bitcoin this March, as reported by Bloomberg citing informed sources. This is the largest known cyber ransom payment to date. The company reported costs related to the cybersecurity incident in its quarterly report in July, stating that $31.4 million of other expenses were primarily due to cybersecurity incidents related to data breaches. It remains unclear what this amount covers in relation to the cyberattack.Two months after the incident was disclosed, Cencora began notifying individuals and national authorities that personal data, including names, addresses, birth dates, diagnoses, prescriptions, and medications, had been stolen.Previously in July, cybersecurity company Zscaler and blockchain analysis firm Chainanalysis stated that the hacker group Dark Angels received a substantial ransom but did not disclose the identity of the victims.It is reported that the highest known amount of cyber ransom prior to the Cencora incident was $40 million, paid by insurance company CNA Financial Corp. in 2021.

ChainCatcher news, according to CoinDesk, the Bank for International Settlements (BIS) stated that over 40 financial companies will explore the application of tokenization in wholesale cross-border payments through the BIS's Project Agorá.These financial companies were selected by the BIS after a public call for participants in May. The project has now entered the design phase.The BIS stated on its website that the project is based on its unified ledger concept, "which will study how to seamlessly integrate tokenized commercial bank deposits with tokenized wholesale central bank currency into a programmable core financial platform."

ChainCatcher news, Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma of Russia, stated that the Central Bank of Russia and the Ministry of Finance are developing regulations to establish rules for cross-border cryptocurrency payments. The government's goal is to complete these regulations by the end of November.The Russian government will first test the cryptocurrency payment mechanism under the Experimental Legal Regime (EPR), meaning that only selected participants such as credit institutions and banks will be allowed to participate in the process, aimed at minimizing risks and helping to formulate regulations to protect the market from fraud.Aksakov revealed that companies are already using cryptocurrencies for import and export payments, with transaction volumes estimated to reach billions of dollars, emphasizing the need to limit the number of financial institutions participating in these transactions during the initial phase to better understand the market and develop effective regulatory provisions. (beincrypto)

ChainCatcher message, analysts at the research and brokerage firm Bernstein believe that cryptocurrency micropayments are key to avoiding bottlenecks in the AI financial economy. The analysts stated that the real bottleneck in the AI financial economy is the current financial system's inability to effectively handle micropayments. AI agents may need to make very small, frictionless payments, such as for consuming data or content. However, due to the complexity of the technology and human involvement, transaction costs in traditional systems are very high, making this approach uneconomical. To meet the demands of the AI economy, the financial system needs to continuously evolve to enable seamless, low-cost micropayments that align with the consumption patterns of AI agents. This is where cryptocurrencies come into play.

ChainCatcher news, Bitcoin.com announced that its ecosystem token VERSE is now a payment option on the travel booking platform Jetvoy.com. Users can earn JET points by paying with VERSE, which can be used for future travel discounts and benefits.It is reported that Jetvoy.com offers booking services for over 2,000 flights, 5,000 hotels, and 300 cruise ships worldwide.