Digital Currency

Payments provider Electronic Merchant Systems acquired Paysley, an omnichannel payment platform. Terms were not disclosed. EMS also recently invested in Payment Nerds and Pet Payments, and acquired Peel Payments in April. Processor FIS Inc. reported June-quarter revenue of $2.6 billion, up 5% from the same period last year. The company’s banking solutions unit took in $1.8 billion, up …

Revenue from its stablecoin offerings grew smartly in the second quarter for cryptocurrency platform provider Coinbase Global Inc. against a backdrop of a tough digital currency market. New York City-based Coinbase reported Thursday that it posted $332.5 million in stablecoin revenue, up 38% from $240.4 million in the year-earlier quarter. …

Payments platform Blackhawk Network Inc. is working with Fold Holdings Inc., a financial-services company specializing in Bitcoin, to widen distribution of the Fold Bitcoin Gift Card, launched in May. More online merchants are expected to begin offering the card in coming weeks, the parties say. Worldwide Stablecoin Payment Network (WSPN) has launched Global …

The processor Nuvei said it has expanded its global clearing and settlement services into the U.S. and Canadian markets. Mastercard Inc. reported second-quarter net revenue of $8.1 billion, up 17%, with net income of $3.7 billion, a 14% rise. Lightspeed Commerce Inc. reported June-quarter revenue of $304.9 million, up 15% from the same period …

With consumer spending remaining resilient, stablecoins and remittances represent future growth opportunities, Visa Inc. chief executive Ryan McInerney told equity analysts during the network’s 2025 fiscal third-quarter earnings call late Tuesday. On the stablecoin front, McInerney said Visa is supportive of the recently passed GENIUS Act, which provides a regulatory …

Block Inc.’s Cash App has launched pools, a peer-to-peer payments capability that enables group payments with what Block calls “a few taps.” Routable, a provider of accounts-payable technology, said it will work with Brale, a stablecoin developer, to enable businesses to pay vendors and contractors in stablecoin through Routable’s platform. The blockchain …

PayPal Holdings Inc.’s latest wallet initiative, PayPal World, will go live this fall and aims to reach more than 2 billion consumers, the company’s chief executive said early Tuesday. Alex Chriss followed up on an earlier announcement of the initiative by stressing how the venture will tie together five of …

The payments platform Dwolla announced it has connected with FedNow, the Federal Reserve’s real-time payments platform. The company says it now has links to the two major U.S. instant-payment systems, the RTP network and FedNow. Bakkt Holdings Inc., a cryptocurrency-technology firm, announced a proposed public offering of Class A shares. The timing …

PayPal Holdings Inc. early Monday launched Pay with Crypto, a cross-border payment option that instantly converts cryptocurrencies to stablecoins or fiat currencies. The new payment option provides merchants and consumers a unified platform that connects fiat and digital payments and supports more than 100 cryptocurrencies and crypto wallets, such as …

Corporate card issuer Corpay announced it is selling off a fuel-card portfolio in a deal it says will bring in $60 million and free up $35 million in working capital, funds the company says will aid its $2.2 billion acquisition of Alpha Group International plc., a United Kingdom-based banking company. Pumpkin Insurance …