Gartner: Payments Companies Will Have To Integrate Stablecoin Payments

Gartner: Payments Companies Will Have To Integrate Stablecoin Payments

According to the findings of the Gartner researchers, centralized payment companies need to adapt in order not to be left behind by the growing demand for payments in stablecoins. In a blog post, analysts from research firm Gartner write that while support for cryptocurrencies by centralized payment systems such as Visa, Mastercard and PayPal helps them prepare for the transition to a future payment infrastructure, these companies’ revenue is based on the collection of transaction…

Central Bank of Nigeria bans banks from serving cryptocurrency companies

Central Bank of Nigeria bans banks from serving cryptocurrency companies

The Central Bank of Nigeria (CBN) has banned commercial banks from serving the accounts of cryptocurrency exchanges and other firms that operate with digital assets. As part of the ban by the central bank of Nigeria, all banks and financial institutions are required to close the accounts of firms that carry out operations with cryptocurrencies. If banks fail to comply with this directive, they face severe fines. The Bank of Nigeria reported that earlier commercial…