Features TheBitTimes.com

Ripple proudly announced its attainment of a comprehensive digital payment tokens license granted by the Monetary Authority of Singapore. This milestone signifies Ripple’s achievement of a fully-fledged license , endorsing its position as a major payment s institution sanctioned by Singapore’s central bank. This authorization paves the way for Ripple to continue its operations in the country, following the in-principle approval it received back in June. In an official statement dated October 4th, the company conveyed that its local entity, Ripple Markets APAC Pte Ltd, had been granted the full license by the esteemed Monetary Authority of Singapore (MAS). Ripple’s CEO, Brad Garlinghouse, remarked in the statement, “Singapore has evolved into a prominent fintech and digital asset hub, successfully balancing innovation, safeguarding consumer interests, and nurturing responsible growth.” Garlinghouse further highlighted that Singapore has been the nucleus...

Marcus said there’s still no universal protocol when it comes to transferring money, unlike information which can be shared via email. While information today can be easily transferred over the internet via email or text, global payment s on the other hand, have remained in a “fax era," according to the former president of PayPal.  In a Sept. 11 interview with CNBC, the former PayPal executive and co-founder of Bitcoin Lightning-focused payment service Lightspark said he believes Bitcoin's Lightning network could solve the cumbersome process of sending money across jurisdictions.  “If you were to stop [someone] and wanting to communicate with them you could ask them for an email address and you can email them easily the next minute [and] you could text them,” said Marcus.  However, there’s no universal protocol when it comes to transferring money over the internet, he said: “If you were to send them money [but] they were not a U.S citizen here using one of the same fintech ...

Binance’s US arm has rolled out a feature for US customers called "Pay" which was launched by its global parent to users outside the US in 2021. United States crypto exchange Binance US has finally rolled out its Binance Pay service — some 22 months after the feature was launched by the global exchange to its customers outside the U.S. in 2021. The service, which was rolled out a beta version globally in Feb. 2021 for peer-to-peer payments before expanding to include merchant transactions on Mar. 12, allows mobile users of the Binance app to instantly transact nearly 150 supported cryptocurrencies without fees. A Dec.13 blog post from Binance US clarifies that Pay transactions will feature zero gas or transaction fees, and notes that the app is currently only available on mobile as it prepares to introduce a web version “which will arrive in the near future.” Meanwhile, amid the recent FUD against Binance global, Binance CEO Changpeng Zhao (CZ) applauded the Binance America...