Digital Currency

MoneyGram International Inc. on Wednesday unveiled a mobile app featuring a U.S. dollar-backed stored-value account that will work with stablecoins as well as fiat currencies. The move, which comes as interest in stablecoins heats up in the mainstream payments market, represents a sweeping update of the remittance company’s mobile technology and …

Payments processor Adyen NV said it is working with the luxury-goods retailer LVMH to unify the company’s payments systems across all of its brands. LVMH operates more than 1,000 stores globally. Payments processor Thredd announced it will support an expansion into the United States and Latin America by Reap, a provider of cards backed …

Peer-to-peer payments competition has increased with the debut of PayPal links, a new way for PayPal users to send funds to others. PayPal links enable users to create a personalized link to share that contains the amount and a short description. PayPal says they can be shared in any conversation, …

Block Inc.’s Square point-of-sale unit launched a national marketing campaign featuring what the company calls a “refreshed brand identity” and a focus on local small businesses. Payments-technology provider Kuvasz Solutions and comforte, a provider of payments-data protection, said they are expanding their partnership to North America from their base in Latin America. Paysign …

Global Payments Inc. announced it has launched its Genius processing platform in the United Kingdom, starting with quick-service and fast-casual restaurants. Genius for restaurants, which launched in May, and Genius for Retail consolidate 16 point-of-sale products into a platform that is marketed internationally. Mastercard Inc. announced it is working with Stripe, Google, and …

For years, critics and evangelists alike have obsessed over crypto’s headlines, its volatility, its philosophy, its personalities. But the GENIUS Act, recently passed in the United States, points to a new phase: a regulated, institutionalized, quietly ubiquitous crypto economy, one that doesn’t shout from the rooftops but works silently in …

Paytrie AB Inc., a platform for buying and selling stablecoins, is joining the Circle Payments Network in what it says is an effort to expand the reach of stablecoins to consumers in Canada. The deal, which builds on Paytrie’s support for USD Coin, a stablecoin pegged to the United States …

UATP, a U.S.-based payment processor for airlines, said it will work with APG Pay, a payment-technology developer specializing in the travel industry, to issue UATP accounts to corporate clients and travel companies in the Asia-Pacific region. Blink Charging Co. said it will start to accept cryptocurrency by year’s end at its …

Payroc said it will begin processing Sept. 1 for merchants using Cinfed Credit Union under a new agreement with the financial institution, which serves members in Southwest Ohio. Digital-asset platform Fireblocks Inc. launched Fireblocks Network for Payments, aimed at enabling stablecoin-based transactions in more than 100 countries. Sola Security, a cybersecurity firm whose …

Money-transfer platform Thunes is working with blockchain-based payments provider Ripple Labs Inc. to offer broader reach for payouts and increased streamlining for money transfer globally, the parties said. Visa Inc. said it will work with Ample Earth, a fintech focused on climate issues, to incorporate sustainability information in digital banking apps and loyalty …