ChainCatcher news, according to Bloomberg, Worldpay Inc. plans to directly participate in the process of validating blockchain transactions for a better understanding of how digital ledgers operate.Sanchit Mall, Head of Web3 and Crypto for Worldpay in the Asia-Pacific region, stated that the payment provider, which supports over a million merchants worldwide, is in discussions with selected blockchains to become a validator."Our idea is to be part of the underlying ecosystem," Mall said in an interview, adding that as future funds flow on digital ledgers, Worldpay intends to engage in blockchain infrastructure.Mall noted that so far this year, the company has processed $1.3 billion in payments using stablecoins, while that figure was less than $1 billion in 2023.

ChainCatcher news, according to GlobeNewswire, instant settlement payment provider Coinflow Labs has completed a $2.25 million financing round, led by CMT Digital, with participation from Reciprocal Ventures, Jump Crypto, Draper Dragon, Digital Currency Group, and several angel investors. This round of financing follows a pre-seed round conducted by Coinflow at the beginning of 2023, during which most of its investors doubled down on the team.It is reported that Coinflow Labs' innovative payment infrastructure solution aims to shorten the time it takes for merchants to receive payments. Typically, merchants accepting credit cards experience multiple business days of delays before settlement, which can put pressure on their operations. Coinflow enables merchants to receive funds instantly. Coinflow offers a comprehensive payment stack, including non-refundable payment acceptance and stablecoin instant settlement.Additionally, Coinflow provides instant funding payment products that allow businesses to make instant payments of stablecoin funds to users' bank accounts using real-time payment channels such as Visa Direct, RTP through clearinghouses, and instant SEPA.

ChainCatcher news, according to Bitcoin.com, South African fintech company Lesaka Technologies will acquire payment solutions provider Adumo for approximately $86 million.Under the terms of the agreement, Lesaka Technologies will pay Adumo $12.5 million in cash and issue 17,279,803 shares of common stock to Adumo's major shareholders. Both parties hope to complete the transaction in the third quarter of 2024 and are currently awaiting shareholder approval. Once the acquisition is approved, Adumo CEO Paul Kent will join the management team of Lesaka Technologies.It is reported that Adumo's major shareholders include private equity fund Apis Growth Fund I and African Rainbow Capital (ARC).

ChainCatcher news, according to Chainalysis, the Monetary Authority of Singapore (MAS) has released the final part of its consultation response regarding the conduct and consumer protection obligations of digital payment token service providers (DPTSPs). The response covers measures related to consumer access, business conduct, management technology, and cyber risks.Regarding consumer access requirements, MAS stated that consumers must undergo a risk awareness assessment before investing. DPTSPs are not allowed to provide incentives to attract retail investors, nor are they permitted to offer debt financing or leveraged DPT trading to retail investors; generally, DPTSPs must not engage in proprietary trading on their own platforms and must ensure functional separation when conducting various related activities, such as operating markets and acting as brokers.DPTs are required to disclose their listing and governance policies. While DPTSPs are not prohibited from listing tokens they issue themselves or related tokens, appropriate customer disclosures must be made. Additionally, DPTSPs will be required to ensure high reliability, availability, and recoverability of critical IT systems and implement IT controls to protect customer information.

ChainCatcher News: Japanese digital payment provider PassPay has formed a strategic alliance with the EOS Network Foundation and EOS Labs to create a digital payment platform utilizing the EOS blockchain, including the issuance of the stablecoin JPYW.It is reported that through this collaboration, PassPayWallet will support the EOS network, develop new token-based services, enhance security, and more.

ChainCatcher news, the crypto payment provider FCF Pay announced support for its users to purchase Mercedes-Benz using cryptocurrency, with supported currencies including: BTC, ETH, BNB, XLM, DOGE, FLOKI, etc.

ChainCatcher news, cryptocurrency payment provider Alchemy Pay has announced that it has submitted an application for a Money Transmission License in the United States, aimed at maintaining and enhancing regulatory compliance.

ChainCatcher news, according to Blockworks, the crypto payment provider MoonPay has registered as a Virtual Asset Service Provider (VASP) in Ireland. VASPs that are approved can offer fiat-to-crypto onramp solutions in Ireland, including five services such as the exchange between digital assets and fiat currencies, as well as the exchange between digital assets and other digital assets. However, currently, MoonPay is only authorized to provide the exchange between digital assets and fiat currencies.

ChainCatcher news, cryptocurrency payment provider Alchemy Pay announced the integration of multiple local payment channels in Europe, including Belgium's Bancontact, the Netherlands' iDeal, as well as Skrill and Neteller, to support cryptocurrency purchases using euros.In addition, Alchemy Pay also supports purchasing cryptocurrency using PLN through the Polish local e-wallet BLIK. (source link)

ChainCatcher news, according to a report by 21 Economic Network, the Hong Kong Stock Exchange disclosed that LianLian Digital Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC and JPMorgan as joint sponsors.LianLian Digital Technology is the largest independent digital payment solution provider in the national market. According to its prospectus, as of the end of 2022, LianLian Digital Technology served 1.8 million merchants and enterprises worldwide.LianLian Digital Technology mentioned in its prospectus that it is preparing to submit an application for a virtual asset service provider license to the Hong Kong Securities and Futures Commission to establish a virtual asset trading platform in Hong Kong. (Source link)

ChainCatcher message, Binance has enabled Russians to buy/sell cryptocurrency using bank cards and e-wallets. The exchange accepts deposits to top up ruble balances, but not directly; instead, it is done through the Qiwi payment provider. The platform charges a fee of 1.2% on the input amount. The trading platform also supports withdrawing rubles to bank cards via Qiwi.Previously reported, a representative from Binance stated that all restrictions related to sanctions against Russian citizens currently apply fully to the platform and its legal entities in the EU. According to the sanctions rules, Binance entities registered in the EU are prohibited from providing services to Russian citizens. (Source link)

According to ChainCatcher news and the official announcement, TokenPocket wallet has now integrated with 7 licensed payment providers including AlchemyPay, MoonPay, and Banxa, supporting fiat transactions in up to 173 countries. Users can use payment methods such as Visa, Mastercard, GooglePay, Apple-Pay, and Bank Transfer to buy and sell digital currencies like BTC, ETH, and BNB. (Source link)

ChainCatcher news, cryptocurrency payment provider Wyre announced that it will limit customers to withdraw no more than 90% of the current funds held in each account. "We are modifying our withdrawal policy. While customers will still be able to withdraw, at this time, we will limit withdrawals to no more than 90% of the current funds in each customer account, and comply with the current daily limits."It is reported that this new rule applies to all customers using its services, meaning that any withdrawal requests exceeding this limit will be denied. Previously, Wyre CEO Yanni Giannaros resigned, and Chief Risk and Compliance Officer Stephen Cheng was appointed as interim CEO. Some employees claimed that the company would undergo liquidation and plans to terminate services by the end of this month, but Wyre stated that its operations will continue. (Cryptoslate)

ChainCatcher news, according to Axios, the crypto payment provider Wyre is reportedly shutting down. A former employee cited an email from Wyre CEO Ioannis Giannaros stating that the company will liquidate and terminate services as soon as possible this month. Another former employee mentioned that the company did not provide any severance pay. However, Giannaros responded to Axios that the company is still operating and plans to downsize in the near future.ChainCatcher previously reported that in December 2022, Wyre, the exchange service provider for hardware wallet Ledger, was suspected of "arbitrarily" freezing user funds, with users reporting that funds exchanged on the Wyre platform went missing without explanation. (source link)

Chain Catcher news, due to investors' cautious attitude towards its business model and the valuation after the stock market crash, the one-click payment company Bolt's plan to acquire the cryptocurrency payment provider Wyre for $1.5 billion has been declared a failure, and both parties will continue to cooperate while remaining independent.Previously, Chain Catcher reported on April 7 that the financial payment company Bolt Financial was acquiring the cryptocurrency payment service company Wyre Payments for approximately $1.5 billion. According to research firm Dealogic, this would make it the largest merger deal in the cryptocurrency sector not involving a special purpose acquisition company (SPAC). (Source link)