Franklin Templeton tokenizes $380M fund on Polygon and Stellar for P2P transfers
The Franklin OnChain FOBXX investors can now transfer the fund’s BENJI token directly between each other without any intermediary. Franklin Templeton is competing with BlackRock’s Ethereum-based BUIDL fund in the…
Paypal’s Xoom adds PYUSD as funding for cross-border money transfers
PayPal enables use of PYUSD in cross-border transfers for Xoom users Xoom users in the US can convert PYUSD into USD and send money to 160 countries. Xoom, the international…
Coinbase adds USD transfers for users in Singapore
Coinbase says it now supports USD transfers in Singapore. The exchange’s customers can move US dollars to or from their accounts via SWIFT. Support for USD transfers is part of…
Coinbase unveils global, instant money transfers via popular messaging and social platforms
Coinbase will allow users to send money globally via popular messaging apps like WhatsApp, iMessage, and Telegram. The transactions are instant and free, breaking down geographical barriers. To facilitate these…
Binance suspends transfers for several Multichain-bridged tokens
Binance will cease deposit and withdrawals support for Multichain-bridged tokens Polkastarter (POLS), Alchemy Pay (ACH), Alpaca Finance (ALPACA) and Travala (AVA. The tokens are minted on BNB Smart Chain, Fantom,…
Binance Australia halts AUD fiat transfers amid third party provider issues
Binance Australia has halted all Australian Dollar deposits. Users can still buy and sell cryptocurrencies using credit or debit cards. Binance Australia is working towards finding an alternative payments provider.…
PEPE price dives after Whale transfers trillions of tokens to Binance
At press time, PEPE was trading at $0.000002328. The token price has declined by 10.93% in the last 24 hours. PEPE hit an all-time high of $0.000004354 on May 5,…
Kenya eyes 3% tax on cryptocurrency transfers
Kenya’s Treasury Secretary outlined the tax proposals in a document sent to parliament on 4 May, 2023. The 3% crypto tax will target cryptocurrencies and NFT transfers on exchanges and…
Venmo to enable crypto transfers for its customers in May
Venmo will roll out a new crypto transfer feature in May, allowing customers to send crypto to other Venmo accounts. Customers will also be able to buy tokens and send…
Here’s why Binance is suspending sterling transfers
Binance cites “Paysafe” as it halts sterling transactions. The announcement affects less than 1.0% of its users. Binance says it’s already looking for an alternative. Binance continues to pause deposits…