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- The Federal Reserve opened a 45-day public comment period on a proposal that would enable eligible financial institutions to clear and settle payments within the Fed’s payment services. Dubbed payment account, this account would be distinct from a master account, the Fed said, which is what financial institutions currently must use for Fed payment services. Minimum Deposit Casino, a unit of Ireland-based OneTwenty Group, a sports and gaming media publisher, already has come out in support of the payment account proposal.
- Online shopping platform Price.com said it enabled its agentic commerce experience that enables consumers to complete purchases without being redirected to external checkout flows.
- Online firearms and accessories supplier GrabAGun Digital Holdings Inc. said it now accepts cryptocurrency payments, including bitcoin, USD Coin, and Tether, another stablecoin.
- IQ Metrix Corp., which specializes in payments for telecom retailers, said it has deployed its IQ Storefront technology with America Wireless LLC at 10 stores in Florida.
- Coinbax, a developer of programmable technology for banks managing stablecoin payments, said it received $4.2 million in seed funding in a round led by BankTech Ventures. The company was founded this year.
- Nexa Cards, a provider of crypto-backed debit cards on the Visa and Mastercard networks, said its ongoing share offering, which entered a second phase, has raised $96,000 so far.
- XRP Healthcare Inc., a payments provider for the health-care industry, announced its recent trademark registration in the U.S. market, adding to registrations in the United Kingdom and three other jurisdictions.
- Fintech BLAQclouds Inc. said its ApolloCASH cross-border settlement service is available.
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