China Asks Tech Firms to Suspend Hong Kong Stablecoin Plans
Ant Group and JD.com, among others, had been gearing up to launch stablecoins in Hong Kong, but those plans are now on hold. The tech giants had intended to move forward after Hong Kong’s legislature passed a stablecoin bill in May. The framework governs fiat-backed stablecoin issuers in Hong Kong, requiring these companies to obtain […]
Lloyds Unveils Pay-by-Bank Kiosk for Hotels
In its ongoing efforts to make pay-by-bank systems more customer-friendly, Lloyds Bank is unveiling a kiosk that allows consumers to make payments at UK hotels. The system was developed in collaboration with Lolly, a hospitality technology specialist, and will be demonstrated at an Open Banking Expo in London. The kiosk allows customers to make direct […]
RTP Tops Single-Day Record with Over 1.8 Million Transactions
As U.S. real-time payments adoption accelerates, the RTP network set a new daily record on October 3, processing 1,808,967 transactions valued at $5.2 billion. Since its launch eight years ago by the Clearing House—a consortium of leading financial institutions—the RTP network has grown to become the largest instant payments system in the U.S. The platform […]