ChainCatcher news, according to the official account of the Shanghai headquarters of the People's Bank of China, the Shanghai headquarters of the People's Bank of China held a work meeting for 2025. The meeting pointed out that the Shanghai headquarters of the People's Bank of China continuously enhances financial management and service levels, utilizing blockchain technology to achieve "one-stop" online processing of cross-border electronic tax payment services, steadily advancing the research and application of digital renminbi, and will focus on supporting the digital transformation of financial institutions in 2025.

ChainCatcher news, the cross-border payment service provider Juicyway, based on stablecoins, announced the completion of a $3 million Pre-Seed funding round, with participation from P1 Ventures, Ventures Platform Fund, and Future Africa.Juicyway primarily utilizes stablecoins and cryptocurrencies to simplify cross-border settlements by bypassing traditional intermediaries and reducing transaction delays. The new funds are intended to support its provision of accessible quasi-banking and crypto wallet services, enabling seamless deposit and withdrawal services with stablecoins acting as a bridge, facilitating instant settlements and reducing reliance on highly volatile currencies.

ChainCatcher news, payment company Stripe has partnered with HR platform Remote, allowing Remote's clients to pay contractors directly with stablecoins, starting with USDC on Base.The service is initially available to U.S. customers, enabling contractors in 69 countries to receive near-instant payments or alternative payments in their local currency.

ChainCatcher news, according to a trademark application submitted this week, the Trump Media & Technology Group has filed for a cryptocurrency payment service named TruthFi, describing it as a platform for crypto payments, financial custody services, and digital asset trading.The application does not detail how the project will operate, aiming to diversify its business beyond the social media platform Truth Social. Any large-scale crypto project will likely require the Trump Media & Technology Group to acquire another company, as it has fewer than 36 employees.

ChainCatcher news, Thailand's established bank Siam Commercial Bank (SCB) announced a partnership with fintech company Lightnet to provide customers with stablecoin cross-border payment and remittance services. The service allows customers to conduct cross-border transactions 24 hours a day, 7 days a week, significantly reducing transaction costs.It is reported that the service has passed the regulatory sandbox testing by the Bank of Thailand.

ChainCatcher news, a survey conducted by the fintech company Neo on 100 European Payment Service Providers (PSPs) shows that banks perform poorly in collaborations. Due to restrictions from banking partners, 29% of PSPs are unwilling to cooperate with cryptocurrency exchanges.The survey also found that 95% of PSPs have experienced bank accounts being closed or restricted, with 71% of these cases occurring without a clear reason provided by the banks. To address this issue, most PSPs maintain partnerships with multiple banks, but the process of finding new banking partners is lengthy, averaging 11.5 months.

ChainCatcher news, Crypto.com announced on the X platform that it has received full approval from the Central Bank of Bahrain through its subsidiary registered in Bahrain (commercial name "FORIS GFS BH B.S.C.Close") to provide payment service provider (PSP) services.With the PSP license obtained, Crypto.com will be able to expand its electronic money and fiat-based payment services in the region, including the launch of its prepaid card.

ChainCatcher news, in order to further optimize the business environment and enhance the convenience of cross-border tax payment, since February 2024, the Shanghai headquarters of the People's Bank of China has been actively exploring new models for cross-border remittance and tax payment in collaboration with the Shanghai Municipal Taxation Bureau of the State Administration of Taxation. By utilizing blockchain technology, a "one-stop" online service for cross-border electronic tax payment, including overseas remittance, tax payment, and storage, has been achieved, effectively addressing the three major pain points of non-resident enterprises in cross-border remittance and tax payment: "multiple runs," "high costs," and "difficult foreign exchange settlement."As of the end of August 2024, the new model for cross-border remittance and tax payment in Shanghai has cumulatively completed tax payments of 1.486 billion yuan. The pilot banks include ICBC, ABC, and Bank of China in the city, with currencies involving RMB, USD, EUR, JPY, etc., and tax types covering corporate income tax and stamp duty. (Jinshi)

ChainCatcher news, the sports blockchain platform Chiliz announced through X that it has established a partnership with South Korean internet giant Naver's mobile payment service Naver Pay. This collaboration includes the launch of a new non-custodial crypto wallet for Naver Pay, which uses Chiliz Chain as its first blockchain platform.

ChainCatcher news, developer Nima Owji stated yesterday that Musk's X platform will launch the X Payments service, which involves transactions, balances, and transfers.He mentioned: "X.com was once a payment system and will become a payment system again. He also stated that X is working to enable users to export account analytics data."Musk had previously revealed plans to offer financial services on the X platform, including storing value, transferring to others, and accessing high-yield money markets, among others.

ChainCatcher news, the fully digital public infrastructure PlatON has established a deep strategic partnership with the Philippine digital asset platform Coins.ph, which provides comprehensive fiat and digital currency services. This integration marks an important step for PlatON in enhancing the user payment experience, while bringing broader user access points to Coins.ph.Coins.ph's payment gateway will be fully integrated into PlatON's Web3.0 privacy payment clearing system TOPOS, providing users with seamless fiat and digital currency exchange services. Users will be able to conduct instant digital currency exchanges and fund deposits through TOPOS, benefiting from optimal exchange rates and the lowest transaction fees.It is reported that Coins.ph currently has over 16 million users, is fully regulated by the Bangko Sentral ng Pilipinas (BSP), and holds a virtual currency and electronic money issuer license issued by the central bank.

ChainCatcher news, according to Cryptonews, Ferrari announced plans to expand its luxury sports car cryptocurrency payment options to its European dealers starting at the end of this month. It stated that by the end of 2024, its goal is to offer this payment method to more international dealers in countries/regions that legally accept cryptocurrency.The company stated, "Following the positive reception of this alternative payment system in the United States, our entry into the European market is a natural progression to support dealers in meeting the evolving needs of our customers."The company emphasized that countries with strict restrictions on cryptocurrency, such as China, will not be included in this rollout.Previous news, Ferrari (RACE.MI) marketing and business stated that its luxury sports car business in the United States has begun accepting cryptocurrency payments and will expand the program to Europe based on customer demand.

ChainCatcher news, Wemade's overseas affiliate WeMix Foundation operates the blockchain-based WEMIX platform and services, and will launch the game content payment service "Wemix Pay" in the second half of this year."Wemix Pay" is a service that allows users to purchase various in-game content using Wemix coins. Users who purchase game content with Wemix Pay can earn "Prime Points" and "Play Tokens" as rewards.

ChainCatcher message, Ripple Labs has partnered with Clear Junction to provide instant GBP and EUR payment services for Ripple's payment customers, and it is reported that several other currencies will be added to the service later this year.

ChainCatcher news, Bitcoin ATM operator Bitcoin Well has launched a Lightning Network payment service in Canada, allowing Canadian customers to instantly sell Bitcoin through any personal Lightning wallet. Adam O'Brien, founder and CEO of Bitcoin Well, stated that this innovation enhances the speed, security, and cost-effectiveness of Bitcoin sales, making it more convenient for users than the US dollar in the modern banking system.

ChainCatcher news, according to tech.eu, the Web3 payment service platform Unlockit announced the completion of a €1.4 million Pre-Seed funding round, led by Eaglestone Capital Partners, with participation from Portugal Ventures and existing investors Reorganiza and Republica.It is reported that Unlockit is headquartered in Portugal and currently focuses on the real estate market, using blockchain payment software to simplify transactions and reduce speculation and fraud.

ChainCatcher news, according to CoinGape, Ripple Payments plans to launch solutions specifically for the U.S. market after leaving it for three years. W. Oliver Segovia, Ripple's Head of Product Marketing, posted on LinkedIn that Ripple will introduce a series of product updates, which involve money transfer licenses (MTL) for most states in the U.S.Currently, about 90% of Ripple's business is outside the U.S., and the latest initiative may mark its plan to return to the U.S. market.

ChainCatcher news, according to Watcher.Guru's disclosure on social media X, X has obtained a money transmission license for payment services in Nevada.Previously, according to the NMLS website, the social media platform X (formerly Twitter) obtained a money transmission license in Rhode Island on August 28. This license will allow X to provide virtual asset-related services for its large user base, such as storing, transferring, and trading digital assets.

ChainCatcher news, Watcher.Guru tweeted that X (formerly Twitter) has obtained a money transfer license to provide payment services in the state of Utah, USA.

ChainCatcher news, the cryptocurrency payment provider Alchemy Pay officially announced that it is deploying its payment services on Polygon zkEVM, becoming one of the first fiat cryptocurrency gateway providers to support the zkEVM ecosystem.