Skip to content Skip to sidebar Skip to footer


To print this article, all you need to do is be registered or log in to Mondaq.com.

A US fintech company recently announced the launch of a fiat-to-crypto on-ramp, which facilitates fiat-to-crypto payments using “a customizable widget that developers can embed directly into their DEX platform, NFT, wallet or dApp”. According to a blog post, the fintech company “handles all KYC, payments, fraud, and compliance, eliminating the need to integrate multiple third-party services.” The blog post notes that the fintech company has rolled out crypto payments support in 67 countries and has entered into partnerships with several crypto projects, including a blockchain-based music streaming platform, an NFT marketplace, and a vendor. of DeFi wallet.

In related news, bitcoin payments startup Strike recently announced a partnership that will facilitate payments in Africa. The partnership would allow users to send low-cost instant transfers to Africa by leveraging the Bitcoin Lightning Network, which is a layer 2 payment network built on top of the Bitcoin network. Reportedly, this feature currently allows US customers to send money to Ghana, Kenya, and Nigeria.

In a latest recent development, a major US derivatives market and CF Benchmarks, a cryptocurrency index provider, recently announced that they will be introducing three new DeFi benchmark rates and real-time indices for Aave, Curve and Synthetix on December 1. 19. According to a press release, the new benchmarks, “with Uniswap launching earlier this year…will capture over 40% of the total value locked in DeFi protocols on the Ethereum blockchain.” The new benchmarks would use pricing data from several major cryptocurrency exchanges.

For more information, please see the following links:

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

POPULAR ARTICLES ON: USA Technology

Insurers wary of ‘silent crypto’ exposure

Wilson Elser Moskowitz Edelman & Dicker LLP

The recent implosion of crypto firm FTX and its affiliates provides a case study of potential crypto exposure under traditional insurance policies. The FTX debacle is described here…

CryptoLink – December 2022

Akin Gump Strauss Hauer & Feld LLP

This December issue of Crypto Link covers important developments surrounding FTX Trading Ltd. (FTX), including its bankruptcy filing and the charges and arrest of its CEO…



Source link

Leave a comment