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برچسب: Payments

  • Kraken Unveils Borderless P2P Payments App with Yield Options

    Kraken Unveils Borderless P2P Payments App with Yield Options


    • Kraken launches Krak, a borderless P2P app to send fiat and crypto worldwide.
    • Krak app lets users earn rewards on 20+ digital assets while spending and saving.
    • Kraken aims to challenge traditional banking and make money flow as freely as information.

    Kraken, a leading crypto exchange, has launched a new peer-to-peer (P2P) payments app called Krak. This app allows people to send both fiat money and cryptocurrency across borders. The launch reflects the intention of Kraken to expand its services beyond crypto trading.

    Krak App Taps Into $8B Cross-Border Payments Market

    Kraken noted that Krak app will enable people to spend, save and earn effortlessly. Rewards will be achieved on over 20 digital assets that users can access. This is significant since the United States alone will exceed the amount of $8 billion dollars in the cross-border payments industry.

    Krak app is designed in the digital-first world. It partially takes the liberties of cryptocurrency combined with characteristics understood by people in traditional finance. Users can handle more than 300 varieties of crypto and fiat assets using a single location. This renders Krak app equivalent to a digital wallet and bank account in one package.

    Co-CEO Arjun Sethi of Kraken mentioned that they developed the Krak app since the existing financial system is outdated and sluggish. According to him, the time has come to transform the way people distribute their money, the amount they spend, and how they save. He thinks that the app will be able to restore a significant stratum of the world economy.

    Krak app is an application based on crypto innovation, but enjoys close relationships with payment partners and banks. This simplifies and secure the trust of people in the app. Individuals are able to remit funds to relatives abroad, deposit their finances or consume them on consumer goods.

    The Krak app will possess some significant features upon launching. To begin with, there will be P2P payments. This implies that individuals are able to transfer money to fellow users of Krak app in 110 countries. People do not have to know the details of their bank accounts or their crypto wallets. It is quite easy to send money or request it.

    Krak Set to Challenge Traditional Banking Models

    Meanwhile, Krak will have special spend and earn accounts. People will be able to pay and get rewarded simultaneously. No hidden fees, no minimum deposits, no subscription cost. Initially, individuals will be able to receive interest on the stablecoin balance such as USDG to the tune of 4.1%. They also get an opportunity to earn up to 10 percent on more than 20 other digital assets.

    Kraken has more plans for Krak in the future. The firm will introduce Krak cards. These cards, paper and online, will enable the individuals to use their cash at millions of stores all over the globe. Customers have an option of spending online or in brick-and-mortar stores in crypto or fiat cash.

    In addition, other service offerings to be offered by Kraken are lending, loans, and credit card programs. People will be able to have more choices in how they handle their money since all these services will be available in one place.

    Sethi said that everyone should enjoy the basic financial services. He feels that money must flow freely like information. Further, he added that the app is the first stage in a larger strategy to enable people to manage their money, wherever in the world they happen to be.

    Krak, in turn, is going to offer Kraken an opportunity to question traditional approaches to banking and open the door to financial freedom to everyone.



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  • Bybit Pay Now Lets Filipinos Use Crypto with QR Ph Payments

    Bybit Pay Now Lets Filipinos Use Crypto with QR Ph Payments


    Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

    Crypto enthusiasts from the Philippines and Vietnam can now use Bybit Pay, a crypto payment service by the international cryptocurrency exchange that allows users to shop at supported merchants, including mobile top-ups, using the 16 available cryptocurrencies through QR code payments.

    To celebrate the launch, those who use the feature can earn $BTC cashback airdrops, according to Bybit.

    Photo for the Article - Bybit Pay Now Lets Filipinos Use Crypto with QR Ph Payments

    Bybit Pay Can Now Read QR Ph

    In a statement, Bybit confirmed that the feature is fully integrated with the QR Ph national standard, allowing users to scan QR codes and make payments on the Bybit Pay interface at participating merchants, including those under AEON Pay.

    AEON, a partner in the launch, provides QR payment acceptance across a wide merchant network, especially in urban areas.

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    Aside from its launch in the Philippines with QR Ph integration, Bybit has also rolled out Bybit Pay in Vietnam, supporting the country’s VietQR.

    Earlier this year, in January, the crypto exchange introduced Bybit Card QR Pay in Brazil, integrating with the country’s Pix payment system, which enables real-time transfers and offers lower transaction fees.

    Photo for the Article - Bybit Pay Now Lets Filipinos Use Crypto with QR Ph Payments

    How it Works

    Transactions through Bybit Pay follow a streamlined, QR-based process aligned with the QR Ph standard:

    Step 1: Users scan a merchant’s QR Ph code using the Bybit Pay app.

    Step 2: The app generates a unique payment QR code for the user to approve the crypto transaction.

    Step 3: The merchant scans the approved QR code, completing the payment instantly.

    $BTC Cashback Airdrop

    As part of its Southeast Asia rollout, Bybit also announced that Bybit Pay is offering $BTC cashback airdrops for users in the Philippines and Vietnam who pay using QR Ph or VietQR codes.

    Running until June 30, 2025, at 6:00 p.m., PH time, the promo rewards users who spend at least $5 per day with $1 worth of $BTC per eligible transaction.

    Photo for the Article - Bybit Pay Now Lets Filipinos Use Crypto with QR Ph Payments

    How to Join:

    Step 1: Register for the promo on the Bybit platform.

    Step 2: Open the Bybit app and scan QR Ph (Philippines) or VietQR (Vietnam) codes at participating stores.

    Step 3: Spend at least $5 (or local equivalent) on eligible purchases.

    Step 4: Claim your BTC rewards through the event page.

    The promo applies to daily spending across everyday categories like food, drinks, and fashion, with participating merchants including UNIQLO.

    Transactions are fee-free, with QR payments made through Bybit Pay processed instantly. 

    What is Bybit Pay?

    According to its website, Bybit Pay supports both online and in-store transactions and integrates with national QR code payment systems.

    It also allows users to transfer crypto to other users with zero fees.

    Key features include:

    • QR code-based payments for seamless checkout at retail merchants.
    • Multi-currency support, including $BTC, $ETH, $USDT, and fiat like BRL.
    • Instant payment processing with no transaction fees during promos.
    • Integration with AEON Pay for wide retail coverage.
    • Secure blockchain encryption for private, tamper-proof transactions.
    • Available globally to verified users, except in restricted countries.

    This article is published on BitPinas: Bybit Pay Now Lets Filipinos Use Crypto with QR Ph Payments

    What else is happening in Crypto Philippines and beyond?



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  • Webus Plans $300M Push to Boost XRP Adoption for Global Payments

    Webus Plans $300M Push to Boost XRP Adoption for Global Payments


    • Webus unveils $300M plan to build XRP reserve and drive global blockchain expansion.
    • Funds will support cross-border payments, digital wallets, and Web3 loyalty tools.
    • Despite revenue drop, Webus stock jumps 34% as investors back its XRP strategy.

    In a major development, Webus International Limited has announced a strategic plan to raise $300 million to boost XRP adoption. The Chinese AI mobility company aims to use non-equity financing to support the use of XRP in cross-border payments. This decision will enable the company to deliver even faster and more affordable cash transfers to its international clients.

    Webus to Raise $300M for XRP Reserve and Global Growth

    With the resulting funds, Webus will add to its reserve of XRP. The company is confident that the reserve will make it possible to settle international payments immediately. At the same time, Webus will design tools based on blockchain technology for digital wallets, Web3 loyalty tokens and secure recorded bookings. The objective of these features is to improve and clarify the way customers use the app.

    The money will also help Webus to enhance what it offers in countries worldwide. Doing this involves bringing AI-enabled mobility services to countries outside the United States. As a result, the $300 million plan focuses on three main objectives: establishing the XRP reserve, expanding blockchain infrastructure, and facilitating the company’s rapid global expansion.

    Furthermore, Webus is renewing its joint partnership with Tongcheng Travel. Wetour and Tongcheng are helping to provide the Wetour × Tongcheng inter-city charter service, now used by millions. The large user base at Tongcheng will support Webus in connecting with more people in China. Thanks to this, Webus can build a strong standing in the national market as it looks to enter other countries.

    CEO Nan Zheng says that teaming up with Tongcheng again will strengthen Webus’ position in China. At the same time, using XRP will allow the company to increase the efficiency of payments conducted across borders. Payouts and refunds can be made with XRP instantly and at a low price. As a result, Webus could distinguish itself from others in the competitive mobility and fintech market.

    Webus Stock Soars 34% Despite Financial Struggles

    However, there are still challenges to face. The $300 million plan is still being worked out and is based on reaching agreements with the funders. Webus is also experiencing financial difficulties. This year, the company’s revenue went down by 54%, leaving it at $5.35 million. Financial analysts assessed the company with a weak health rating which might reduce investor confidence.

    Still, the stock market moved higher after the news was released. Once the announcement was made, shares of Webus (WETO) went up by more than 34%. This high jump reflects that investors think positively about the next steps the company is taking and its approach to blockchain.

    Lastly, Webus’s focus on blockchain technologies proves how industries that used to avoid digital solutions are now turning to blockchain for help. To improve its services in Tongcheng and other areas, Webus has built an XRP reserve and started cooperating with Tongcheng. If successful, this could not only boost XRP adoption but also reshape how payments are made in the mobility industry.

     



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  • AEON Partners with Stellar to Boost Global Crypto Payments

    AEON Partners with Stellar to Boost Global Crypto Payments


    • AEON enables fast, secure crypto payments with Stellar integration
    • Crypto shopping made easy as Aeon Pay supports $XLM and Stellar-USDC

    AEON, a forward-thinking crypto payment framework, has announced a strategic partnership with Stellar. Stellar is a blockchain network focused on creating financial access for all. AEON aims to extend its crypto payment solution through new features that allow users to transact with both $XLM Stellar-based coins and Stellar-native USDC tokens. Users can now make payments through the integrated system using Stellar tokens in addition to any cryptocurrency and USDC tokens for online or in-person transactions.

    AEON Expands Crypto Payments Across Southeast Asia and Beyond

    AEON Pay now enables users to perform mobile payments through the Web3-powered platform by supporting $XLM and Stellar-USDC. Stellar ecosystem users now can perform real-world transactions easily through this feature. AEON Pay operates in Southeast Asian cities through over 10,000 brands that serve customers at 20 million QR-enabled stores. The organization has plans to strengthen operations in Latin America and Africa to promote crypto payment services across international markets.

    Stellar functions as a decentralized, open-source blockchain platform that delivers quick, cost-effective financial operations across borders. Stellar implements financial inclusion as part of its mission, which aligns with AEON’s objective to make crypto payments available through daily commercial activities. AEON enables businesses and consumers to execute transactions through Stellar assets, which provide efficient and inclusive transactions as a payment method.

    The Stellar network stands out through its fast operations and scalability potential. Because it supports payment-optimized protocols and smart contract functions while being sustainable. Stellar operates with a minimized fee system that enables prompt transactions alongside serving as infrastructure support for global financial institutions, as well as innovators in the world. The network started operations by processing trillions of financial operations through its millions of supporting accounts. Stellar functions as crucial software for issuing assets as well as worldwide payment settlement transactions.

    AEON serves as the top company for crypto payment transformations. The system enables flexible scalability through its infrastructure, which functions with various blockchain systems while supporting multiple token types. AEON Pay delivers a mobile payment system that combines transaction speed and safety mechanisms with user-friendly operation.

    AEON and Stellar Partner to Expand Blockchain Payments Worldwide

    With the integration of $XLM and Stellar-USDC, users can perform secure transactions quickly and cheaply through AEON without banking institutions. The digital platform AEON Pay makes it simple for people to buy from merchants who accept crypto since it offers an easy-to-use platform that helps more people use crypto when shopping.

    The collaboration with Stellar brings both companies important new benefits. The collaboration helps AEON grow its digital payment role and helps Stellar build financial systems for everyone to use. The partnership between AEON and Stellar fosters their essential work in building advanced payment technology for the future. The companies work together to create future payment systems that benefit worldwide users and enable quick, convenient digital money transactions.

    AEON wants to spread this crypto payment system from Southeast Asia into developing parts of Africa and Latin America. By expanding globally into different regions, the partnership can serve growing markets that need easy digital currency transactions.

    Ultimately, when countries adopt digital currencies and blockchain systems together with AEON and Stellar, the way opens for financial services to reach everyone easily.



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  • Panama Becomes First Government Body to Accept Crypto Payments

    Panama Becomes First Government Body to Accept Crypto Payments


    • Panama City now accepts crypto for public payments.
    • BTC, ETH, USDC, and USDT added to payment options.

    Panama City has taken a historic step toward digital transformation. The city council has officially voted in favor of accepting cryptocurrency for government-related payments. As a result, Panama City has integrated Bitcoin (BTC) and Ethereum (ETH) alongside USD Coin (USDC) and Tether (USDT) into its payment infrastructure so that citizens can use digital assets for taxes and other public transactions.

    Panama Launches Government Crypto Payments with BTC, ETH, USDT, USDC

    Mayor Mayer Mizrachi Matalon announced on X that Panama City will be the first public institution in the country to accept crypto payments. As a result, it becomes one of the pioneers globally in integrating digital assets into government services.

    Panama City found a way to solve the public institution’s requirement for dollar fund acceptance even when the law stipulates U.S. dollar payments. Panama City has chosen to develop a partnership with a local bank, which will manage crypto-to-USD exchanges in order to implement this service. The government can accept dollar payments through the partnership with the bank as citizens benefit from crypto payment options.

    The program begins with two major cryptocurrency choices, including Bitcoin and Ethereum, together with stablecoins USDC and USDT. These widely used digital assets excel for international financial deals so they serve as the practical starting point for this project development.

    This initiative supports Panama’s current national mission to develop modern financial and regulatory systems. This year, the Panamanian government launched a draft bill that established rules for the cryptocurrency sector while allowing people to make optional digital payment transactions nationally.

    Multiple essential changes pave the way through the proposed legislation. Opening the National Council of Digital Assets (CONAD) serves as the first objective of this legislation to oversee digital asset regulations and supervisory functions. Through this law, the governing body works on building regulations for cryptocurrency use across civil and commercial business scenarios.

    Panama Aims to Attract Tech Investment with Pro-Crypto Policies

    The bill requires Virtual Asset Service Providers (VASPs) to meet international and national regulatory standards through its compliance requirements. Through this initiative blockchain technology receives support for its use in public sector applications such as digital identification programs and smart contracts, as well as transparent governance solutions.

    The national crypto bill obtains practical validation through this recent passage by the city council which demonstrates how digital assets function in government operations. The country announces its willingness to innovate through this policy as well as its effort to draw investments for the tech and fintech industries.

    In addition, the adoption of crypto payments would drive both enhanced financial inclusivity and better transparency and efficiency. The city provides additional service access to all its residents through digital currency acceptance since certain residents possess access to digital wallets instead of traditional banking options.

    Panama City made important progress when it chose to accept crypto payments in its city payment system. Through this initiative, local governments demonstrate their ability to pioneer financial innovation. The city works alongside banks to turn cryptos into dollars, thereby staying clear of legal restrictions while backing advanced financial solutions. The national regulatory framework development will likely use this experimental program to establish standards that attract digital economy entry by other cities and countries.

    Ultimately, Panama undertakes this project to establish its position as a leading technologically advanced nation that embraces innovative banking tools in government programs.

     

     



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