Payment Expert’s Blockchain Bulletin analyses how the world of blockchain is constantly evolving and heavily impacting the payments industry, with cryptocurrencies, NFTs and the metaverse revolutionising the space.
This week, reports have surfaced that UK fintech Revolut is set to launch a native stablecoin to join the increasingly competitive market. Payment Expert also goes in-depth on the resurging relationship between football and blockchain.
Revolut set to join stablecoin market
According to four people close to Revolut, the UK digital bank is preparing to launch its own stablecoin.
The move would be hugely significant for not only Revolut’s ambitious crypto plans, but also for the developing UK market, who has been actively discussing and proposing bills to better regulate the market.
If Revolut were to launch a native stablecoin, it joins the likes of PayPal who launched PYUSD last year, as well as Ripple and BitGo as the latest firms to launch their own stablecoin in an increasingly competitive global market.
BlockDAG helping to recover blockchain and football’s relationship
Payment Expert recently spoke to Antony Turner, CEO of blockchain infrastructure firm BlockDAG and how the sector is revitalising its relationship with football, in particular in Europe.
BlockDAG recently signed two major partnership deals with Inter Milan and Borussia Dortmund, and Turner revealed why the timing was right to sign these two agreements and what it tells to the rest of the world on crypto and blockchain’s resurgence as a commercial commodity.
More in-depth talking points were explored, such as how football clubs and blockchain companies can get the most out of their partnerships, and if the benefits can help transform the sport in the long-run.
Nubank brings end to trading of native token
Nucoin, the native cryptocurrency issued by Brazilian neobank Nubank, has ceased trading activity to help it contain its fluctuating price.
Nubank confirmed that holders and investors of the token will still be able to engage with Nucoin by benefiting from discounts from Nubank Shopping.
How blockchain is streamlining gaming operations
Veiko Krünberg, Co-Founder and CEO of XGateway, a payments technology specialist, told Payment Expert that stakeholders cannot afford to wait for regulatory change to seize on technology opportunities.
Focusing particularly on stakeholders in the betting and gaming industry, Krünberg shares his views ahead of the Payment Expert Summit in Lisbon, where XGateway will be exhibiting.
Zumo highlights important MiCA sustainability rules
Scotland-based digital assets company Zumo is providing a new feature to inform crypto asset service providers (CASPs) on a Markets in Crypto Assets (MiCA) requirement flying under the radar.
Zumo has highlighted the need to inform of MiCA’s sustainability rules. Crypto and digital assets emit mass quantities of carbon and take a substantial amount of electricity to mint.
