Digital Currency

The payments industry for some time has been seeking meaningful growth in applications based on cryptocurrency, and early on Wednesday, one of the industry’s biggest players in that corner of the marketplace said it is making that happen with stablecoins—digital currency whose value is tied to fiat money like the …

PAR Technology Corp. launched PAR Catering, a service to help restaurants build and manage their catering operations. Block Inc.’s Square point-of-sale unit has launched a service that lets merchants accept bitcoin and manage digital assets in tandem with fiat currency. The service, which is charging no fees for the first year, includes …

Research released by processor FIS Inc. indicates almost 75% of consumers would be open to trying stablecoins if the digital currency were offered by their bank, whereas 3.6% profess comfort with unregulated providers. The research surveyed nearly 1,000 U.S. consumers. Digital financial-services platform SoFi Technologies Inc. has launched SoFi Crypto, a service allowing consumers …

Processor Priority Technology Holdings Inc. said it has received a preliminary, non-binding take-private proposal from an investor group led by Priority’s chairman and chief executive, Thomas Priore. The proposal envisions buying the shares the group does not already own at a price ranging from $6 to $6.15 each. The stock was trading …

The 12-year-old Cash App wallet remains a key driver for Block Inc. Cash App gross profits grew 24% year over year during the third quarter of 2025, which helped contribute to Block’s overall gross profit of $2.66 billion during the quarter, an 18% increase from a year earlier, Block chief …

Upward Financial, a provider of payments and other financial technology, announced Mastercard Inc. will provide embedded financial technology to Upward’s clients to enable them to launch Mastercard-branded card programs in a matter of weeks. Upward also announced an $8-million seed round co-led by Dundee Venture Capital and Breakwater Ventures Fund. …

Shift4 Payments Inc. executive chairman and founder Jared Isaacman was again nominated by President Trump to serve as the NASA administrator. An earlier nomination of Issacman to that role was withdrawn by Trump in May. U.S. Bank launched Split World Mastercard, a credit card that enables automatic no-fee, no interest equal monthly payments …

The Fiserv Small Business Index remained unmoved at 148 in October from September. Both year-over-year sales and transactions were up in October, up 1.5% and 1.1%, respectively, but this was the slowest annual sales growth rate since February, Fiserv Inc. said. Consumers pulled back on their spending at restaurants and other discretionary …

The VerifiedX Foundation has launched Butterfly, a social-payment and commerce platform that allows users to send and receive VFX, the native VerifiedX cryptocurrencies—Bitcoin, USDT, and USDC coins—instantly via text message, email, or any social-media handle. The new service combines the ease of the Venmo and Zelle peer-to-peer payments networks with the sovereignty of blockchain …