#payments

Ripple (XRP) has disclosed plans for launching its own stablecoin, which will be pegged to the dollar and backed by bank deposits along with short-term U.S. Treasury bills. This move aims to expand Ripple Payments' capabilities in facilitating cross-border transactions. The introduction of this stablecoin promises:

Lance Hill, the original screenwriter of the 1989 film "Road House," sued Amazon MGM Studios for alleged copyright infringement and artificial intelligence misuse. Hill claims the studio expedited the remake's production, using AI to generate actor dialogue before the copyrights reverted to him.

A federal grand jury has confirmed charges against Frank Richard Ahlgren III, a resident of Texas, for filing false tax returns and engaging in deposit manipulation to avoid tax payments. The unreported income is estimated at around $4 million.

In El Salvador, only 12% of the population reportedly used Bitcoin for payments of goods and services in the past year, marking a 12.4% decline from the 2022 statistics. This information comes from a study conducted by the Central American University José Simeón Cañas, based on face-to-face interviews with 1,280 people.

Venmo and Cash App users unite in a class-action lawsuit against Apple, claiming that licensing agreements with the company restrict the use of decentralized cryptocurrency payments (P2P).

Deutsche Bank and SC Ventures have successfully executed the first stablecoin swaps within the Universal Digital Payments Network (UDPN). This platform was established to facilitate transactions using stablecoins and Central Bank Digital Currencies (CBDC).

Ulrich Bindseil, Director General of Market Infrastructure and Payments at the European Central Bank, along with his advisor Jürgen Schaaf, have openly expressed their disappointment with Bitcoin ETFs and the influx of capital into the crypto sector after the SEC's landmark decision.

Social network X recently introduced an account named XPayments, signaling the potential launch of payment services on the platform soon.

Financial company COCA, in partnership with Wirex, has introduced a new non-custodial MPC wallet. It boasts multiple keys for enhanced control and includes support for a debit card, effectively creating a decentralized banking card for seamless payments at various terminals.

The Botev Plovdiv football club has embraced the world of digital currency by integrating Bitcoin payments through the Lightning Network. Now, fans can purchase merchandise at the stadium or local fan shops using the leading cryptocurrency.

The popular online game platform with a user base of over 200 million monthly active users has now embraced XRP as a payment method through the in-game payments startup Xsolla.

Citing potential fraud risks, British banking titan Chase has chosen to halt cryptocurrency-related payments from October 16th. "If we think you're making a payment related to crypto assets, we'll decline it," was the message relayed to clients via email. The bank also emphasized that those intent on investing in cryptocurrencies have the liberty to switch to other banks or providers.