ChainCatcher news, according to Coindesk, German industrial giant Siemens AG successfully issued and settled tokenized commercial papers using JPMorgan's blockchain payment system Onyx and the private blockchain of SWIAT.On September 13, Siemens issued crypto securities worth 100,000 euros under Germany's Electronic Securities Act (eWpG) and redeemed them three days later. The payment was completed through JPM Coin system on the Onyx network, while the asset transfer was settled on the SWIAT network's "delivery versus payment" (DvP) mechanism. The entire process took only 93 seconds from the confirmation of the transaction by both parties on SWIAT to the final confirmation of asset and payment transfer.This transaction marks the beginning of cooperation between Onyx and SWIAT to develop blockchain-based asset issuance products for commercial banks. The two parties aim to shorten the value chain, enhance transaction flexibility and speed, and ultimately enable scalable applications of blockchain-based financial transactions for commercial banks.

ChainCatcher news, DWF Labs co-founder Andrei Grachev stated on X platform that the company is in talks with one of the largest payment systems in Central Asia. Grachev mentioned that one of the pillars of DWF Labs' development is acquiring infrastructure to provide compliant, low-cost, and efficient fiat/cryptocurrency trading services in emerging markets.

ChainCatcher news, according to Jinshi reports, the UK's Payment Systems Regulator (PSR) and the Financial Conduct Authority (FCA) jointly called for information provision regarding digital wallets.

ChainCatcher news, JPMorgan's blockchain division Onyx is collaborating with fintech company Broadridge to introduce the Web3 payment system JPM Coin to one of Broadridge's repurchase platforms.As part of the deal, Onyx's JPM Coin will serve as the settlement mechanism for Broadridge's distributed ledger repurchase platform, which utilizes blockchain technology to provide intraday, overnight, and term repurchase services. JPM Coin settlement is set to launch in June of this year.

ChainCatcher news, open-source blockchain payment system developer UPCX ($UPC) announced that it will be a major sponsor of the upcoming Asia's largest global cryptocurrency professional gathering WebX2024. WebX2024 is produced by Japan's largest Web3 media CoinPost. The event is scheduled to take place from August 28 to 29, 2024, at the Prince Park Tower Tokyo.During the two-day conference, the UPCX project will set up a booth to showcase the unique features of its payment system, including User Issued Assets (UIA), Non-Fungible Assets (NFA), Decentralized Exchanges (DEX), and the UPCX digital wallet, along with other advanced payment solutions.

ChainCatcher news, according to the Russian news agency TASS, Kremlin aide Yury Ushakov stated in an interview that the BRICS countries (China, Brazil, Russia, India, and South Africa) are committed to creating an independent payment system based on digital currency and blockchain.He stated: "We believe that creating an independent BRICS payment system is an important goal for the future, and this system will be based on advanced tools such as digital technology and blockchain. The most important thing is to ensure that it is convenient for governments, ordinary people, and businesses, and that it is cost-effective and free from political interference."

According to ChainCatcher news, the stablecoin TUSD has established a partnership with the crypto payment system ivendPay. Currently, TUSD has been added to ivendPay's payment options, providing greater accessibility and usability for TUSD users worldwide.It is reported that ivendPay is an international payment service provider with operations in seven countries and over three hundred active merchants.TrueUSD (TUSD) is the first stablecoin pegged to the US dollar, with on-chain real-time verification provided by independent third-party institutions. It is currently listed on over 100 trading platforms, including Binance and HTX, and circulates on more than a dozen major public chains such as Ethereum, TRON, Avalanche, and BNB Chain. TUSD is committed to promoting the development of crypto payments and has previously become an important payment method for projects such as the Web3 store UQUID, the cryptocurrency-friendly travel booking platform Travala.com, and the one-stop shop for crypto trading CryptoWallet.com.

ChainCatcher news, according to official sources, Zebec and Stellar have reached a deep strategic cooperation, and its ecosystem will fully integrate the Zebec payment system and Zebec's compliant sub-service wagelink. Furthermore, the profits generated from this cooperation will be used to buy back and burn $ZBC.It is reported that Stellar ($XLM) is a decentralized open-source network that serves as an open payment network for transferring and storing money. As of the time of writing, its market capitalization has reached $3.3 billion, ranking 24th overall.The Zebec ($ZBC) protocol is supported by the Solana Foundation and invested in by Coinbase Ventures, Republic, and Circle. Since its establishment in 2021, it has become the world's first on-chain salary flow payment product with tax functionality and is the first ecological project approved to join the Visa program. In the United States alone, there are 50,000 salaried users using Zebec to receive their wages weekly, with a 7-day increase of 22.5%.

ChainCatcher news, according to official sources, TrueUSD (TUSD) has announced a partnership with the innovative payment system ivendPay. ivendPay has incorporated TUSD into its many supported payment options and launched the world's first NFC technology for cryptocurrency payments. Currently, ivendPay is an official partner of many well-known cryptocurrency platforms such as Binance, OKX, Gate.io, USDT, Ton, and more. Through this partnership, TrueUSD's global holders will be able to use TUSD more conveniently and easily.It is reported that TUSD, in celebration of this partnership, sincerely invites all TUSD holders to subscribe to ivendPay and stay tuned for the upcoming special events.

ChainCatcher news, JPMorgan Chase's global payments head Takis Georgakopoulos revealed that the company processes about $1 billion in transactions daily through the JPM Coin payment system. Georgakopoulos stated that the next step for JPM Coin is to consider how to create a retail version.It is reported that JPM Coin is a permissioned blockchain-based payment system that allows the bank's wholesale clients to transfer US dollars and euros, initially supporting only US dollars but expanding to include euros in June of this year. In June of this year, JPMorgan Chase stated that since its launch in 2020, JPM Coin has processed over $300 billion in transactions.

ChainCatcher news, according to Bloomberg, JPMorgan's global payments head Takis Georgakopoulos stated that JPMorgan's blockchain-based payment system JPM Coin is now processing transactions worth $1 billion daily, and the bank plans to continue expanding its usage.

ChainCatcher news, according to FOX Business senior reporter Charles Gasparino, Musk is in talks with Wall Street executives about the future of X. Charles Gasparino stated, "They seem to be determining a new payment system, which is an upgraded version of PayPal. It will offer low transaction costs (compared to credit cards) and will monetize user information."

ChainCatcher News: Following PayPal's announcement of its payment stablecoin, U.S. House Financial Services Committee Chairman Patrick McHenry stated, "If issued under a clear regulatory framework, stablecoins have the potential to become the backbone of our 21st-century payment system." McHenry noted, "The bipartisan Stablecoin Transparency Act recognizes the important role states play in regulating digital asset companies and builds upon successful state frameworks, such as New York's. We are currently at a crossroads in maintaining America's leadership in digital asset innovation. Congress is making significant, bipartisan progress on legislative issues to ensure that the U.S. leads the future financial system. We must get this done."Previously, the House Financial Services Committee passed the bipartisan "Stablecoin Transparency Act," which establishes a regulatory pathway for the approval and oversight of stablecoin issuers while creating uniform federal minimum standards for payment stablecoins.

ChainCatcher news, according to TechCrunch, the crypto payment startup Eco, which has received investment from a16z, has launched a non-custodial payment system called Beam.It is reported that Beam is built on the Optimism and Base networks and is based on smart contracts, dividing its access keys into three pathways: the user's Twitter account, a password set by the user, and the user's browser. Any two of these pathways can be used to reconstruct the original key. Additionally, Beam supports ENS domains and allows users to pay transfer fees in USDC when transferring USDC.As of now, Eco has raised a total of $95 million, with investors including a16z, Coinbase Ventures, Founders Fund, Lightspeed Venture Partners, and Pantera Capital.

ChainCatcher news, according to information from the Federal Reserve's official website, its instant payment system FedNow has officially launched. Banks and credit unions can register and use this tool, and FedNow will provide 24/7 service 365 days a year.The Federal Reserve stated that 35 early adopter banks and credit unions, along with the U.S. Department of the Treasury's Financial Management Service, are ready to offer instant payment capabilities through the FedNow service. Additionally, 16 service providers are prepared to support payment processing for banks and credit unions.

ChainCatcher news, according to Bloomberg, JPMorgan's blockchain payment system JPM Coin, launched in 2019 for dollar transfers, has gone live with euro transactions on Wednesday. Siemens AG conducted the first euro payment on the platform. A representative from Siemens confirmed this cross-border transaction.JPM Coin is a real-time blockchain application, but it only accounts for a small portion of JPMorgan's payment business. Since its launch, the system has processed approximately $300 billion in transactions. In comparison, JPMorgan processes nearly $1 trillion in payments daily. Previous report stated that at the beginning of last year, the Central Bank of Bahrain announced that JPMorgan's JPM Coin system successfully completed testing in the Onyx division. (Bloomberg)

ChainCatcher news, according to TASS, Russian Finance Minister Anton Siluanov stated that "Russia will launch an alternative payment system based on modern technologies (digital financial assets, digital currencies), and digital currencies can be used for cross-border payments. However, the system is currently in the initial stage of discussion, and its future depends on the usage of the digital ruble, digital yuan, and other similar currencies." (source link)

ChainCatcher news, according to TechCrunch, the artificial intelligence company Cosmose AI is collaborating with NEAR to establish a payment system that allows users to shop with cryptocurrencies at low transaction fees, saving money for both buyers and sellers. As part of the partnership, the NEAR Foundation has made a strategic investment in Cosmose, with the financing amount undisclosed, increasing its valuation from $100 million at the completion of a $15 million Series A round in 2020 to $500 million.It is reported that Cosmose is a company with a 9-year history that uses AI analytics to track in-store foot traffic and interact with online shoppers. Its retail solution suite includes the KaiKai app, which allows customers to discover nearby retail stores and an online positioning platform, both of which have been blockchain-enabled with the help of NEAR. Through the NEAR-driven blockchain payment system, users can discover nearby products and make payments through the app, with KaiKai claiming to reduce the annual transaction costs of coffee consumption to just $4, which is 50 times lower than Stripe or PayPal methods.Cosmose's shopping discovery app KaiKai settles payments using its native stablecoin Kai-Ching, which operates on the Near network. The app creates a crypto wallet for users, who can top up Kai-Ching with fiat currency. In the future, users may have the option to convert Kai-Ching back to fiat. Cosmose has reserved a treasury for Kai-Ching, which is pegged to the US dollar (1 Kai-Ching = 1 cent) and can only be traded within the app to prevent value fluctuations. (Source link)

ChainCatcher news, according to CoinDesk, the Federal Reserve announced in a statement that it will launch the real-time payment system FedNow Service in July, aimed at addressing the existing delays in inter-institutional financial transaction settlements. The system will begin certifying the first batch of participants early next month. FedNow Service will operate around the clock and provide instant, comprehensive access to funds.Reports indicate that FedNow is also seen as a potential precursor to central bank digital currencies (CBDCs), although the service may undermine one of the key advantages of a digital dollar, which is the ability for instant transfers. Federal Reserve officials stated that the agency has not yet made any decisions regarding a future U.S. CBDC, noting that it requires support from Congress, the Biden administration, and the public. (Source link)