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🎉United States 🇺🇸: Venmo and PayPal users will finally be able to send money to each other Paid Members Public
🎉United States 🇺🇸: Venmo and PayPal users will finally be able to send money to each other Although Venmo has been owned by PayPal since 2013, the two platforms were not interoperable — until now. Starting in November, that will change. ▶️The upcoming integration will benefit not only U.S. users but
😳Sweden 🇸🇪: final ban on credit-based gambling payments to take effect by April 2026 Paid Members Public
😳Sweden 🇸🇪: final ban on credit-based gambling payments to take effect by April 2026 However, while the measure is final, it will not be absolute, as exceptions will apply to gambling activities that serve public benefit purposes. ▶️These may include certain lotteries engaged in charitable activities unconnected to political parties. ▶️All
🪬Europe: consumers value payment security over speed Paid Members Public
🪬Europe: consumers value payment security over speed Financial analysts from the Swiss company Vyntra🇨🇭have identified a new trend in the payments market after surveying over 1,000 European adults. ▶️Key insight: the industry’s long-held belief that transaction speed is a key driver of customer loyalty appears to be
🎉Stripe and OpenAI launch instant checkout service directly inside ChatGPT Paid Members Public
🎉Stripe and OpenAI launch instant checkout service directly inside ChatGPT Users can now chat with AI and make purchases instantly. The partnership between Stripe and OpenAI, which began in 2023 with ChatGPT Plus subscription management, has evolved into a new AI-powered conversational commercemodel. ▶️The enhancement is built on the Agent
🏴☠️Turkey 🇹🇷: financial intelligence agency to gain authority to freeze crypto accounts Paid Members Public
🏴☠️Turkey 🇹🇷: financial intelligence agency to gain authority to freeze crypto accounts A new bill aimed at combating crypto-related fraud is currently being drafted. If approved, the Ministry of Finance and Treasury (Masak) will be empowered to freeze suspicious accounts not only in banks, payment systems, and electronic money institutions, but
👻To optimize cross-border payments, SWIFT will build a blockchain-based ledger Paid Members Public
👻To optimize cross-border payments, SWIFT will build a blockchain-based ledger The optimized service will operate around the clock and in real time. ▶️SWIFT will provide the infrastructure and oversee project coordination, while central and commercial bankswill determine the types of tokens to be used, such as deposits, CBDCs, or tokenized
💀Malaysia 🇲🇾: Communications and Multimedia Commission (MCMC) tightens measures against scams and illegal content Paid Members Public
💀Malaysia 🇲🇾: Communications and Multimedia Commission (MCMC) tightens measures against scams and illegal content The MCMC aims to more directly engage major social media companies in combating fraud and illegal content. A key measure is mandatory KYC verification on major platforms. ▶️Reason: the rapid growth of internet penetration in Malaysia has
👀Circle plans to introduce a refund mechanism for USDC transfers… with a Paid Members Public
👀Circle plans to introduce a refund mechanism for USDC transfers… with a caveat A refund feature for transactions sent to fraudsters could bring stablecoins closer to the traditional financial system. ▶️Circle, the world’s second-largest stablecoin issuer, appears determined to challenge for the top spot. This year, the company began