merchants

On August 21, China Merchants Yonglong Bank issued a notice to customers, stating that it is cooperating with the latest risk management and account compliance guidelines from the Hong Kong Monetary Authority and the Securities and Futures Commission to conduct a comprehensive optimization and review of investment accounts for mainland investors. Upon verification, all investment accounts held by relevant customers (including wealth management, securities, and/or paper gold passbook accounts) as of May 22, 2026, have no asset balance, and there have been no investment transaction records in the past 12 months, which have been classified as "zero balance non-active investment accounts."To maintain normal account operations, the bank requires customers to submit the "Non-Active Investment Account Declaration" as soon as possible. Customers can complete the submission through the pop-up in the personal account section of the China Merchants Yonglong Bank mobile app; joint account holders or those who have not registered for the mobile app can call the customer service hotline for guidance, and each joint account holder must submit separately. The main content of the declaration includes confirming the accuracy of personal information, the legality of the source of funds, that the account has not been closed or suspended due to suspicious documents, and timely notification of any changes in information.The bank reminds that if customers fail to complete the submission in a timely manner, new investment transactions (including buying stocks, subscribing to wealth management products, etc.) will be suspended accordingly; if the submission continues to be delayed, it is expected that starting from November 2026, relevant "non-active investment accounts" may be closed. Once an account is suspended or closed, no new securities or wealth management product investment transactions can be conducted.

According to The Block, Rain CEO Farooq Malik stated that through partnerships with networks like Visa, the stablecoin payments facilitated by Rain have reached over 100,000 merchants, most of whom are unaware. Currently, transactions settled through the Visa network take about 3 days, but if merchants choose to settle directly using stablecoins, they can achieve same-day settlement.Rain completed a $250 million Series C funding round in January, with a post-money valuation of $1.95 billion, an annual transaction volume exceeding $3 billion, and has partnered with Visa and Mastercard to launch stablecoin cards and wallets, planning to explore the use of regulated stablecoins for on-chain settlements in certain business processes.

According to official news, Bitget C2C has officially launched the merchant ecosystem recruitment. This recruitment adopts a selective and invitation-based model, with dedicated business managers providing one-on-one access. The platform requires that applying merchants must be certified merchants from other platforms and have more than 180 days of industry experience; for senior high-level merchants, a "certificate direct upgrade channel" is open, allowing for direct upgrades to bulk merchants based on relevant certifications and transaction records, enjoying expedited review, 1V1 exclusive connection, and platform traffic exposure support.To accelerate ecosystem construction, Bitget has launched a dual incentive program. New merchants can receive a 100 USDT onboarding reward after completing specified tasks; existing merchants can receive up to 200 USDT referral rewards for each new merchant they successfully refer, with no limit on the number of referrals. The event will last until September 30 at 23:59 (UTC+8). For more details, please refer to the Bitget official platform.

According to Cointelegraph, South Korean fintech giant KSNET will integrate Solana Pay into its network of over 330,000 merchants, with a monthly payment processing volume exceeding $4 billion.

According to Fortune, global payment giant Visa is accelerating its layout of stablecoin infrastructure by launching the Visa Stablecoin Platform, which helps banks and fintech companies integrate stablecoin payment capabilities into existing payment and fund management systems.It is reported that the platform aims to provide stablecoin service support for approximately 15,000 financial institutions and over 200 million merchants globally, allowing businesses to use USD stablecoins for settlement, fund circulation, and financial management within traditional payment networks.Visa currently processes about $150 trillion in payment transactions annually and has handled stablecoin settlement business worth billions of dollars. The company hopes to further expand the application of stablecoins through the new platform. The Visa Stablecoin Platform will initially support the new stablecoin OUSD launched by the Open Standard Alliance, while continuing to be compatible with existing stablecoins supported by Visa, including USDC issued by Circle and USDG issued by Paxos.Visa believes that stablecoins are becoming an important component of future financial infrastructure, with advantages including: instant settlement, transactions that do not rely on traditional bank clearing cycles; low-cost transfers, reducing payment costs based on blockchain networks; and transparency and traceability, with on-chain transaction records providing higher verifiability. Visa has been continuously laying out its strategy in the stablecoin field. In 2020, Visa became the first global payment network to support USDC settlements; in 2025, the company launched a stablecoin settlement program to further promote stablecoins into the mainstream payment system.Meanwhile, Visa's competitors are also accelerating their entry into the stablecoin market. Mastercard recently launched a stablecoin settlement solution and collaborated with companies such as MoonPay and Paxos; American Express is also participating in the ecosystem development related to Open Standard. As traditional payment giants increasingly adopt stablecoins, stablecoins are gradually transforming from payment tools in the crypto industry to an important component of global financial infrastructure.

According to official news, the application channel for Gate Card is currently open, and global user participation continues to rise. Currently, Gate Card supports over 100 countries and regions worldwide, covering approximately 130 million merchants that accept Visa, and is compatible with Apple Pay and Google Pay, usable for various consumption scenarios such as online shopping, offline retail, and dining travel.At the same time, Gate Card has launched a brand video that showcases scenarios around global consumption, mobile payments, and the everyday application of crypto assets, further conveying the product concept of "integrating crypto payments into real life."It is reported that Gate Card offers up to 5% cashback on spending, supports cashback in multiple currencies including BTC, ETH, USDT, GT, and provides benefits such as free card application, no annual fee, and no monthly fee. Industry insiders believe that as the mobile payment ecosystem and crypto assets become further integrated, crypto payment products are gradually extending from transaction scenarios to high-frequency consumption scenarios. In addition, Gate Card has recently launched a limited-time referral reward activity. Users who invite friends to complete card opening and spending can both receive up to 165 USDT in rewards.

According to Bitcoin Magazine, members of the Block team revealed that the company's Square has automatically enabled Bitcoin payment functionality for approximately 1 million U.S. merchants, allowing customers to pay with Bitcoin via the Lightning Network, while merchants settle in USD, with real-time conversion handled in the backend.This feature has been available by default to eligible U.S. sellers since March 30, with a new merchant being activated every 8 seconds at peak times. Miles Suter, Block's Bitcoin product lead, stated that Bitcoin must circulate rather than sit idle, or it will lose its transformative value as peer-to-peer cash.

WeChat Pay officially launched the AI native access toolbox, providing low-threshold payment integration solutions for merchants and developers, supporting the rapid generation of payment function code through natural language commands.The toolbox consists of Skill packages, AI-friendly documentation, and APIs, supporting one-click calls in mainstream AI development environments. Among them, the "verbal code generation" feature can compress a development process that originally took days into minutes, enabling quick access to more than 20 functions such as mini-program payments, H5 payments, refunds, and revenue sharing.At the same time, the toolbox has built-in AI diagnostic capabilities that can automatically identify code logic issues and provide repair suggestions, reducing financial and system risks during the integration process. For developers with existing systems, it also supports interface debugging and old code upgrades. This upgrade further promotes the standardization and AI integration of payment capabilities, lowering the digital operation threshold for small and medium-sized merchants.

According to CoinDesk, Square, led by Jack Dorsey, has begun automatically enabling Bitcoin payment features for millions of U.S. merchants, with transactions instantly converted to dollars at checkout. Merchants can receive Bitcoin without additional setup and do not bear the risks of price volatility and custody.This feature includes near-instant settlement and waives processing fees until 2026. Square stated that this is an important step in integrating Bitcoin into everyday business, with merchants defaulting to receive dollars without needing to change their accounting practices or hold crypto assets. It is reported that 78% of Square's users are from the U.S., while 22% are from international markets. Previously, PayPal launched the dollar-pegged stablecoin PYUSD to tens of thousands of users across its 70 global markets, promoting digital payment applications.

Binance Co-CEO Richard Teng posted on the X platform that over 21 million merchants now accept Binance Pay, and cryptocurrency is becoming a global business standard.

According to official news, $SUN has officially integrated AEON Pay, opening a new era of cryptocurrency payments. $SUN is now fully connected to the AEON Pay payment system, covering over 50 million online and offline merchants worldwide. Users can easily use $SUN for payments in diverse scenarios such as shopping, dining, and entertainment.This strategic cooperation between $SUN and AEON Pay is not only a large-scale extension of the liquidity of the TRON ecosystem into everyday consumption scenarios, but also an important milestone for $SUN in laying out an AI-driven digital economy. $SUN is accelerating its evolution from a purely cryptocurrency asset to a core payment tool in the digital economy era.

PayPal and the National Cryptocurrency Association (NCA) survey shows that 39% of U.S. merchants have accepted cryptocurrency payments, and 84% expect it to become the norm within five years.Strong consumer demand: 88% of merchants have received inquiries from customers about cryptocurrency payments, with the highest demand from millennials (77%) and Generation Z (73%); the hospitality industry (81%) and digital goods and luxury retail (76%) lead the way. 90% of merchants stated they would accept cryptocurrency payments if the process were as simple as credit cards.Additionally, among the top 25 U.S. banks by assets, 15 have launched or announced Bitcoin custody trading services, including JPMorgan, Goldman Sachs, and Morgan Stanley. Analysts believe that 2026 could be a turning point for cryptocurrency payments.

A recent survey released by PayPal shows that nearly 85% of surveyed merchants expect cryptocurrency payments to become the norm within the next five years. The survey was conducted in late October 2025, covering approximately 620 "payment strategy decision-makers."The survey data indicates that nearly 90% of merchants reported receiving inquiries from consumers about using cryptocurrency for payments, with about 40% of merchants already supporting crypto payments at checkout. Among those who have accepted cryptocurrency payments, a significant portion stated that crypto payments account for more than a quarter of their total sales, and about three-quarters of merchants reported an increase in related sales over the past year.May Zabaneh, Vice President and General Manager of PayPal's crypto business, stated that cryptocurrency payments are moving from the experimental phase to everyday commercial applications, driven primarily by consumer demand for faster and more flexible payment methods. Once merchants start to adopt it, they can see the actual value.In terms of scale, the adoption of cryptocurrency payments is mainly driven by large enterprises. Among companies with annual revenues exceeding $500 million, about 50% have accepted cryptocurrency payments, while the proportions for small and medium-sized enterprises are 34% and 32%, respectively. Additionally, about 90% of merchants indicated that they would be willing to try cryptocurrency payments if the experience and onboarding process could match that of traditional card payments.The background of this survey is closely related to the progress of stablecoin regulation. Following the implementation of the GENIUS Act, clear guidelines for the issuance and trading of stablecoins have emerged. PayPal, as one of the earliest mainstream payment institutions to engage with stablecoins, is seeing its related practices followed by more banks and fintech companies.

Visa's Head of Crypto Cuy Sheffield stated in an interview with Reuters that Visa is working to integrate stablecoins into its existing payment systems to maintain its market leadership. Currently, the settlement volume of stablecoins has reached an annualized scale of $4.5 billion, which, although only a small portion of Visa's total payment volume of $142 trillion last year, shows significant monthly growth.Sheffield pointed out that despite the circulation of stablecoins exceeding $270 billion, mainstream merchant acceptance remains limited, and there is currently no large-scale merchant acceptance network. Visa has launched several stablecoin-related projects, including a stablecoin payment card, and will initiate a pilot in December that allows select U.S. banks to settle with Visa using Circle's USDC.

Payment giant Square has launched a Bitcoin payment feature, allowing merchants to activate it at the POS terminal. Currently, it only supports offline and terminal payments, with online and invoicing features in development. The official announcement states that there will be no transaction fees until 2027, after which a fee of 1% is expected. Currently, the Square ecosystem covers 8 countries and over 4 million merchants; some users have reported experiencing this feature at coffee shops in the United States, and Cash App has simultaneously launched a global map supporting BTC merchants.

According to an official announcement from Square, its Bitcoin payment feature has officially launched, allowing merchants to choose from four payment methods: BTC → BTC, BTC → fiat, fiat → BTC, or fiat → fiat.Square founder Jack Dorsey stated on the X platform that this feature allows sellers to directly receive Bitcoin into their Square wallet or choose to automatically convert it to USD for settlement, marking the formal integration of Bitcoin payments into the mainstream merchant system.

ChainCatcher news, according to Jinshi reports, the macro research team of Zheshang Securities stated that the Federal Reserve is expected to cut interest rates by 25 basis points this month, and the dot plot anticipates two consecutive rate cuts in the remaining two meetings of the year. Powell pointed out that this rate cut is a "risk management" cut. Although the dot plot indicates that there is still room for rate cuts this year, Zheshang Securities believes that there is still a possibility of a reversal in easing expectations, mainly due to changes in the core momentum of the U.S. economy and the stability of the unemployment rate.

ChainCatcher news, according to the official announcement, OKX C2C has officially launched a new "Beginner-Friendly" order. To assist new users in smoothly completing C2C cryptocurrency purchases, OKX is committed to providing a better experience by strictly selecting quality merchants, offering comprehensive guidance, and providing dedicated support, allowing new users to get started more easily in trading. After updating the OKX APP to the latest version (version number 6.136), new users can find the "Beginner-Friendly" order in the pinned area on the OKX C2C buy cryptocurrency homepage, or prioritize matching in the "Quick Trade" section, as well as directly select the "Beginner-Friendly" order for trading in the filtering function.It is reported that OKX C2C new users can enjoy the following benefits: higher cryptocurrency purchase completion rate; priority matching with "Beginner-Friendly" merchants in quick trades; zero transaction fees (no fees during the C2C buying and selling process); experienced merchants who can quickly address common issues faced by beginners; comprehensive guidance for beginners, assisting users throughout the entire process of trading, payment, and releasing funds; high credit and service efficiency (merchants are selected based on risk control systems and merchant quality); timely responses and smooth communication, providing instant online services to ensure user issues are addressed and resolved promptly.