Last year proved that the Web3 space is not just a phenomenon but rather the future of digital interactions. However, as pervasive as the space has become, many are still skeptical as to how it can and will be a part of their lives. Many developers are seeking ways to bridge the gap between these two iterations of the web. Cointelegraph spoke with Bruno Guez, the CEO of Revelator, to understand why he believes already existing Web2 financial tools like credit cards can actually be bridges to usher new users into Web3. Revelator, which works in the music industry that …

As the Solana ecosystem comes back from the aftershocks of the FTX liquidity earthquake, one of its leading automated market makers (AMM), Orca, announced a new integration. The AMM revealed a new Stripe integration which will power its fiat-to-crypto onramp, to make decentralized finance (DeFi) more accessible to users both in and out of the existing ecosystem. This new integration now enables fiat purchases, along with fiat-to-crypto transactions. Users can now purchase SPL tokens, which include USD Coin (USDC) and Solana (SOL) with fiat currencies. According to Ori Kawn, the co-founder of Orca, the new integration helps create wider access …

The crypto and tech industry has seen a slew of staff cuts this week against a backdrop of difficult market conditions, though on a positive note some are bucking the trend. Crypto companies, including crypto exchanges, venture capital firms, and blockchain developers, have been forced to reduce headcount in order to stay nimble amid the down markets. Some, however, have done the opposite, opening up offices in new locations and markets. It comes a few weeks after multiple high-level executives, such as OpenSea’s former CFO, Kraken's co-founder Jesse Powell, and Ripple Labs’ engineering director, have all made headlines for either …

On Friday, Twitter and Stripe announced the rollout of crypto payouts for Stripe Connect. As told by the two companies, a select group of creators on Twitter will soon be able to receive their earnings on the platform in the form of the USD Coin (USDC) stablecoin. Payments will occur via the Polygon (MATIC) network, a layer-2 blockchain known for its low fees, fast transaction speed, innovative zero-knowledge technology and integration with Ethereum (ETH). As a centralized platform, content creators and freelancers would first need to pace Know Your Customer onboarding checks conducted by Stripe. Afterward, they can manage their …

U.S.-based fintech giant Stripe has significantly ramped up its crypto initiatives after it launched a service that enables payments for NFTs and digital assets via fiat currency. Businesses can use Stripe’s new application programming interfaces (APIs) to accept fiat payments for crypto, provide digital wallets, payout users in fiat, leverage identity and know-your-customer (KYC) solutions, and utilize data to detect and block fraudulent transactions. Stripe co-founder John Collinson shared an announcement via Twitter on March 11, and the firm also partnered with FTX, FTX US, Blockchain.com, Nifty Gateway, and Just Mining to launch the crypto business suite. Stripe now supports …

United States fintech giant Stripe is hiring a new blockchain team to enable crypto payments for its users. The $100-billion company is returning to the crypto sector three years after it pulled back from offering Bitcoin (BTC) support due to its slow transaction times and rising fees. According to a job listing page on Stripe’s website, the firm is looking for four “Staff Engineers” with experience in the crypto sector. Guillaume Poncin, the head of engineering, stated on Twitter on Tuesday that he’s looking for engineers and designers to “build the future of Web3 payments.” The listing outlines that the …

CNN has followed Fox and Time Magazine into the NFT market, announcing the launch of collectible historic moments from the news. CNN’s NFT project is dubbed “Vault by CNN: Moments That Changed Us” and includes a series of tokenized iconic moments from its 41-year history, along with a vault to purchase, store and display the NFTs. The news organization has not revealed which specific historic moments will be tokenized, however, it noted that themes including CNN exclusives, notable firsts, world history, and presidential elections, will be covered. The initial launch will include six weekly drops starting from late June, with …

After paving the way for digital currency innovation at the Bank of England, or BoE, Mark Carney has officially joined the board of directors at Stripe — a company that’s committed to building new commerce solutions for the internet. Stripe introduced Carney as board member on Sunday, where he joins Christa Davies, Diane Greene, Jonathan Chadwick, Sir Michael Moritz and Stripe co-founders Patrick and John Collison. The U.S. digital payments company says it will benefit from Carney’s “extensive experience of global financial systems and governance,” especially as it rolls out new climate efforts. “The very nature of commerce has changed …

The departing leader of the United States Office of the Comptroller of the Currency is convinced that the future of finance is blockchain-native, per a conversation with crypto analytics firm Elliptic on Wednesday. Described by Elliptic CEO Simone Maini as "a fairy godfather to the crypto industry," Brian Brooks has been a leading light in U.S. federal policy toward crypto since taking over for Comptroller Joseph Otting in May 2020. Today, he outlined views that follow an opinion piece he wrote for the Financial Times yesterday. Namely, Brooks took the opportunity to promote his vision of an OCC that checks …

Online payments giant and Cash App owner Stripe is stepping into a new realm of financial services for vendors. Per a Wall Street Journal exclusive on Thursday, Stripe is looking to offer customers bank accounts and debit cards. However, these financial products will be limited to vendors and merchants for now. The new initiative will also involve collaboration with banking giants Goldman Sachs and Citi, which is part of a broader push from both to incorporate online business services and new technologies. In 2015, Stripe was an early payments platform to onboard Bitcoin (BTC) functionality, which it dropped three years …

Cuba is apparently seeing an influx of Bitcoin (BTC)-related activity as Bitcoin interest is on the rise in the country. According to data from Google Trends, Cuba now ranks second in terms of Bitcoin interest over the past 30 days. The island nation follows Nigeria, which has remained as the top country searching for Bitcoin on Google since April 2020. The rest of Google’s top five regions searching for Bitcoin comprise the African countries of South Africa, Cameroon and Ghana. Cuba’s rise in Bitcoin-related searches comes amid reports of Cubans increasingly turning to Bitcoin to circumvent sanctions imposed by the …

June 25, a new class action was filed in California against fintech startup Plaid, which was acquired by Visa for $5.3 billion earlier this year. The plaintiffs allege that Plaid violated privacy and data protections by accumulating and monetizing financial transactions of millions of users. $5,000 per infraction The complaint alleges that the company accumulated this data by “data plumbing” popular services like Venmo, Stripe, Square’s Cash App and Robinhood. It purports that Plaid knew: “Every dollar you deposit or withdraw, every dollar you charge or pay to your credit card, and every dollar you put away for retirement, within …