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Bank of Russia agrees to legalize crypto for cross-border payments: Report

Historically opposed to the idea of using crypto as a payment method, the Bank of Russia has reportedly agreed to allow cross-border payments in crypto due to geopolitical changes.

https://cointelegraph.com/news/bank-of-russia-agrees-to-legalize-crypto-for-cross-border-payments-report

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BAHRAIN CENTRAL BANK SELECTS OPENNODE TO TEST CRYPTO PAYMENTS

The
CBB’s Regulatory Sandbox Framework allows FinTech firms to test and experiment their ideas and solutions related to the sector in a more efficient and effective environment.

https://financefeeds.com/bahrain-central-bank-selects-opennode-to-test-crypto-payments/

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Ethereum Merge: what does it mean for crypto payments?

The switch to Ethereum PoS, previously known as Ethereum 2.0, can be easily credited as the event of the decade in the crypto industry.

Riddled with multiple technical issues and subject to numerous postponements, it looks like the transition is finally nudging closer to its final stage.

https://www.finextra.com/blogposting/22914/ethereum-merge-what-does-it-mean-for-crypto-payments

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Crypto Payment Infrastructure Firm Opennode to Test Bitcoin Payments in Bahrain

Opennode, a bitcoin payment infrastructure firm, recently said it will run trials of its bitcoin processing and payout solution through the Central Bank of Bahrain’s regulatory sandbox.

According to Dalal Buhejji, an executive director with the Bahrain Economic Development Board, the central bank’s sandbox helps to ensure that fintechs will continue to innovate and adhere to best regulatory practices.

https://news.bitcoin.com/crypto-payment-infrastructure-firm-opennode-to-test-bitcoin-payments-in-bahrain/

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⚠️⚠️⚠️ SCAM ALERT ⚠️⚠️⚠️

Beware of SCAM Telegram Channels & Accounts of $GWP.

❌ Gateway Protocol Admins & Team Members will NEVER DM or Message you first. If you receive a DM from anyone claiming to be a staff member of GWP is a scam.

❌ Gateway Protocol Admins & Team Members will NEVER ask you for money or crypto.

πŸ”‘ Gateway Protocol Admins & Team Members will NEVER ask for personal information or private keys.

πŸ“Έ Guard your privacy and DO NOT post screenshots with account as that could make you into a target.

πŸ’§ Giveaways and airdrops ONLY be announced through Gateway Protocol official social media channels πŸ‘‡

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πŸ“₯Contact Point: contact_gwp@gwprotocol.com

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Colorado Residents Can Now Use Crypto to Pay Taxes

Colorado residents can now pay state taxes with cryptocurrencies using PayPal, according to the state's payment portal. Payment takes place through PayPal's cryptocurrencies hub for an additional fee.

https://www.coindesk.com/policy/2022/09/20/colorado-residents-can-now-use-crypto-to-pay-taxes/

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Russia Starts Developing Mechanism for International Crypto Payments

Financial authorities in Russia have begun work on a mechanism to facilitate the employment of cryptocurrencies for settlements with other nations amid sanctions. The country’s central bank and finance ministry have already agreed on a draft law regulating cross-border crypto payments.

https://news.bitcoin.com/russia-starts-developing-mechanism-for-international-crypto-payments/

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How This Ripple Partner Launched A Crypto Payment Solution In Argentina

Bitso is one of the largest exchanges in the region with over 5 million users. In Argentina alone, the platform onboarded over 1 million customers that will be able to make QR code crypto payments in certain regions as of tomorrow. The product will expand to the entire country in the coming months.

https://bitcoinist.com/ripple-partner-launched-payment-solution-argentina/

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What is the difference between fiat payment gateway and crypto payment gateway?

What happens in between when customers go to the payment page and when you receive the payment? How does the payment happen? You can thank payment gateways for this.

https://www.finextra.com/blogposting/22983/what-is-the-difference-between-fiat-payment-gateway-and-crypto-payment-gateway

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