In the last six months,
Coinbase's stock has shown a 36% decline, igniting prospects of possible buying opportunity. StaFi or
FIS observes live price movements, presenting an interesting investment possibility. Crypto payment company Alchemy Pay established partnership with Worldpay, coinciding with price speculation of XRP as
Ripple initiates new payment channels for FIs and SMEs. Despite these promising prospects, cryptocurrency's use for payment continues to hover on the fringe.
FIS, for instance, recently collaborated with Fireblocks, intending to provide its clientele base with crypto trading, DeFi, and staking services. Furthermore, FIS anchored Worldpay's capabilities to facilitate USDC settlements on the Polygon network. The conversation about CBDCs and stablecoins' coexistence continues to be highlighted at various events such as an FIS panel discussion. There's been gossip surrounding Proof of Reserve - a proposed solution to stabilize digital assets uncertainty. As digital dollar emerges as a high priority for Feds, FIS' Worldpay is enabling traditional businesses to receive USDC stablecoin. Other innovative plans on the horizon include NYDIG partnering with Fiserv to offer bitcoin services and BNY Mellon investing in analytics firm Coin Metrics. However, crypto still faces uncertainty with only 10% of banks supporting it for cross-border deals. New reports, nonetheless, highlight that 58% of multinational firms use cryptocurrency, further cementing the shift towards digital currencies. On a similar note, FIS has also enabled banks to facilitate Bitcoin transactions through their accounts. To take things even further, Visa and Mastercard's withdrawal from Russia underscores the significance of cryptocurrency in conventional gateway networks. Additionally, FIS plans to double down on digital currency adoption by offering direct USDC settlement.
FIS Coin News Analytics from Mon, 19 Jan 2009 08:00:00 GMT to Fri, 20 Sep 2024 14:24:01 GMT -
Rating 4
- Innovation 6
- Information 6
- Rumor -2
