In our “Payment Systems” section, we cover electronic payment systems (EPS) and services used to send, receive, and manage digital money online. Here you will find guides on how payment systems work, how to transfer funds securely, and how they integrate with cryptocurrency platforms. Read the “Payment Systems” section on ForkNews to learn how modern digital payment infrastructure operates.
The American company Mastercard announced that this year it will add support for several digital currencies.
Visa announced that it is linking its payments network of 60 million merchants with the USD Coin (USDC) stablecoin.
Oásis Supermercados, a Brazilian supermarket chain based in Rio de Janeiro, began accepting payments in cryptocurrency after the firm's employees received training from a local cryptocurrency company.
After recent news that Facebook is going to engage in cryptocurrency developments, representatives of the WhatsApp subsidiary announced the creation of a new digital payment system.
Facebook Inc. is working on creating a cryptocurrency that will allow users to transfer money through the WhatsApp application, focusing primarily on the Indian market. Facebook is still working on a strategy for issuing its own stablecoin, searching for a custodian, and considering methods of storing fiat that will back the coin.
Today there are many startups on the market offering payment transfers using cryptocurrencies. However, Western Union Global Money claims that many years of experience, deep knowledge and an impeccable reputation will give WU the opportunity to become a leader in the cryptocurrency payment systems market faster than any of the existing projects.
Since digital currencies have become mainstream, PayPal and other online payment systems have been alarmed by the prospect that “crypto” could end their business model in the near future.
A pilot version of the SWIFT interbank financial system on the blockchain was launched. It is designed to eliminate payment delays due to errors in legacy systems.
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