Financial services company MoneyGram International has partnered with the Stellar Development Foundation to enable consumers to send money using Circle’s popular stablecoin, USD Coin (USDC), and convert directly to and from fiat. Per a Wednesday announcement, MoneyGram has integrated support allowing crypto wallets connected to the Stellar Network to access its global retail platform. Working alongside Circle, MoneyGram will also enable “near-instant backend settlement,” account funding and local fiat withdrawals using the USDC stable token. United Texas Bank will act as the settlement bank to complete the process within the regulatory framework. “As crypto and digital currencies rise in prominence, …
Last week, Cointelegraph organized another episode of “CT Talks” dedicated to addressing challenging issues in the crypto and blockchain space: on diversity and inclusion. The blockchain space is known for openness, transparency and a strongly liberal environment, but our industry does not always demonstrate these values. During the panel, several ideas were discussed on how the crypto industry’s intrinsic openness can be highlighted in our daily work and life. Amplifying diverse voices and encouraging public commitment was the answer of Sheila Warren, head of blockchain, digital assets and data policy at World Economic Forum: “Part of what I see as …
The World Economic Forum published a report looking at how the deployment of blockchain-based solutions can address the supply chain inefficiencies and failures that have been exposed by the COVID-19 pandemic. Alongside the report, the WEF has released a blockchain deployment toolkit intended to assist government and businesses in adapting their supply chains to the current economic climate and to “accelerate an economic rebound post-COVID-19.” World Economic Forums advocates DLT to restart the economy The report, published April 28, asserts that the resilience of private and public supply chains have been tested amid the coronavirus outbreak — citing the supply …
Excitement for the Metaverse and virtual/augmented reality (VR/AR) is much greater in developing countries than in high-income countries, according to a survey conducted for the World Economic Forum (WEF). Market research firm Ipsos released the results of the survey on Wednesday, showing the concept is now widely recognized: 52% of more than 21,000 adults surveyed across 29 countries are familiar with the Metaverse and 50% have positive feelings about engaging with it in daily life. China, India, Peru, Saudi Arabia and Colombia were the top five countries where two-thirds or more of respondents said they had positive feelings toward it. …
Circle's chief strategy officer and head of global policy, Dante Disparte, believes that the turmoil in the crypto sector over the last year could mark the handover of crypto technology to more durable companies and "steadier hands" in 2023. In a Jan. 2 post for The World Economic Forum (WEF), Disparte highlighted the growing use of crypto in the financial services sector and opined that the ongoing bear market and exchange collapses may ultimately be a boon for the industry, paving the way for "responsible, always-on internet finance." "Just as it took the dot-com bubble bursting in the early 2000s …