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eco
@eco
As @coindesk's Consensus2024 says howdy to Austin this week, we’re seeing a lot of exciting updates for stablecoins & crypto payments. Institutions are focusing their attention on payment rails, including paypal, visa, circle and mastercard
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eco
@eco
1/ Big news from #Consensus2024 for @solana and Paypal Paypal takes their PYUSD stablecoin multi-chain to Solana for speed, but also to take advantage of Solana’s token extensions for private transactions, critical for wider adoption of crypto payments. https://x.com/solana/status/1795802766700605873
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eco
@eco
2/ @gnosispay pairs with Visa to allow users to swipe & spend crypto IRL. The Gnosis Pay crypto-linked Visa card is available in the UK and Europe, and uses Gnosis as a bridge to instantly access to cash after a payment is made. https://x.com/gnosispay/status/1795506305957790174
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eco
@eco
3/ @circle announced their launch in Brazil. They are partnering with local banking companies for near-instant and low-cost access for businesses to mint and redeem USDC. Over 200,000 customers in the region already use USDC đź‘€ https://x.com/circle/status/1795801787959554145
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eco
@eco
4/ Mastercard's Crypto Credential goes live with their first peer-to-peer pilot transactions. mastercard is using aliases, instead of long blockchain addresses, and plans to use the Crypto Credential for other use cases like ticketing & NFTs. https://x.com/MastercardNews/status/1795812231407349887
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