#payment-systems

[rwatimes]

Donald Trump signe un décret pour faciliter l'accès des entreprises crypto aux systèmes de paiement US

Le président Trump a signé un décret incitant les agences fédérales à intégrer les crypto-actifs dans les services financiers traditionnels.

➤ President Trump has signed an executive order directing federal agencies to integrate crypto-assets into traditional financial services and payment systems. ➤ The order specifically targets the Federal Reserve, urging it to review access for crypto firms and non-insured depository institutions, potentially benefiting Wyoming's SPDI banks. ➤ This move signals a significant administrative shift in favor of the crypto sector in the US, though its operational impact depends on regulatory agency implementation.

[rwatimes]

Citi Executive Warns Bank-Specific Tokenized Money Could Limit Blockchain Adoption - TokenPost

Tokenized money may struggle to achieve widespread adoption if banks continue building isolated blockchain payment systems, according to Ryan Rugg, Citigroups head of digital assets for treasury and trade solutions....

➤ Citi executive Ryan Rugg warns that isolated, bank-specific tokenized money systems could hinder widespread blockchain adoption. ➤ Corporations require interoperable financial networks for seamless cross-bank payments, rather than closed, single-bank token systems. ➤ Industry-wide collaboration and regulatory clarity are crucial for unlocking the full potential of tokenized assets and blockchain payments.

[rwatimes]

Bank of Italy says EU should consider tokenised SEPA payments

The European Union ​should evaluate working on a tokenised version of its payments system to ‌help it keep up with technology changes, a senior Bank of Italy official said on Monday.

➤ A senior Bank of Italy official suggests the EU should explore a tokenized version of its Single Euro Payments Area (SEPA) to adapt to technological advancements. ➤ The official highlighted the increasing digitization of money and the need for central banks to maintain monetary control by designing infrastructure that allows public and private money forms to interact. ➤ This initiative is seen as a way to preserve the relevance of central bank money alongside the development of a digital euro and other innovations.

[rwatimes]

Rain adds Mastercard support as $1.95B stablecoin startup targets on-chain settlement

Rain, a $1.95B-valued stablecoin infrastructure firm, is adding Mastercard support to extend its Visa-based model and plug on-chain settlement into legacy.

➤ Stablecoin infrastructure firm Rain, valued at $1.95 billion, has partnered with Mastercard to issue cards and pilot stablecoin settlements, expanding beyond its previous Visa-only model. ➤ This collaboration allows large enterprises to integrate stablecoin settlement capabilities into their existing payment systems without significant changes. ➤ The move signifies a broader trend of stablecoins shifting from trading tools to essential settlement infrastructure, with companies like Stripe and Coinbase also developing similar solutions.

[rwatimes]

Australia Flags Tokenized Money as Future Payment Rail Issue

➤ Australia's future payment systems may need to integrate tokenized money, including stablecoins and tokenized liabilities, to ensure interoperability. ➤ The Reserve Bank of Australia (RBA) is exploring these digital assets as a design consideration for mainstream payment infrastructure, acknowledging potential new risks and settlement models. ➤ This consultation aligns with broader Australian efforts to regulate digital assets and explore use cases for wholesale digital money, including stablecoins and CBDCs.

[rwatimes]

Australia draft payments vision eyes stablecoin interoperability

Australia’s future account-to-account (A2A) payment systems may need to adapt if tokenized forms of money gain broader use, including stablecoins and tokenized liabilities, according to a draft vision for the country’s domestic payment rails.The draft, co-developed by the Account-to-Account Payment…

➤ Australia's draft payment vision suggests future account-to-account (A2A) systems may need to integrate tokenized money, including stablecoins and tokenized liabilities. ➤ The RBA and Treasury are considering how to ensure interoperability between traditional account-based money and tokenized fiat currency representations. ➤ This initiative aligns with broader Australian efforts in digital asset regulation and pilot projects like Project Acacia exploring wholesale digital money settlement.

[rwatimes]

ECB steps up its challenge to Visa and Mastercard

➤ The European Central Bank (ECB) is developing a digital euro to challenge the dominance of US payment giants like Visa and Mastercard in Europe. ➤ The ECB has agreed on technology standards to ensure interoperability for a digital euro, aiming for a 2029 rollout. ➤ While supported by the Commission and EU governments, the digital euro faces debate in the European Parliament and skepticism from some banks.

[rwatimes]

Pi Network Protocol v23 Introduces Smart Contracts and New Payment Systems for Web3 Expansion

Pi Network Protocol v23 integrates advanced smart contracts and payment structures, marking a major upgrade for merchants, users, and Web3 ecosystem d

➤ Pi Network Protocol v23 introduces advanced smart contracts and new payment structures, aiming to enhance its Web3 ecosystem for merchants and users. ➤ This upgrade is expected to increase the utility of Picoin by enabling automated transactions, programmable payments, and streamlined commercial operations. ➤ While Protocol v23 is a foundational step, it is part of a larger roadmap focused on scalability, security, and real-world adoption within the decentralized digital economy.