How regulatory resistance crushed Facebook Libra's global payment vision? Golden Finance Regulatory pressure and withdrawal of funding from supporting institutions led to the project's cessation
JinseFinanceWeb3 payment covers a wide range of business scenarios and categories, including stablecoins, wallets, asset custody, etc. Traditional financial institutions and Web3 entrepreneurs have combined blockchain technology and cryptocurrency to build numerous Web3 payment projects and use cases.
JinseFinanceThe essential attributes (measure of value) and core functions (medium of exchange) of money remain unchanged.
JinseFinanceOf the daily trading volume of nearly US$100 billion, stablecoin trading pairs account for more than 80%, far exceeding the trading volume of sovereign currencies and cryptocurrency trading pairs.
JinseFinanceLawyer Fred Rispoli urges Elon Musk to integrate XRP into X Payments following Ripple's reduced SEC penalty, boosting XRP's value by 18%.
EdmundDOGE, Elon Musk, twitter, Musk: Payment function will be launched soon, not sure whether to use Dogecoin Golden Finance, Musk hopes X will become an "all-powerful application".
JinseFinanceGolden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest game, DeFi, DAO, NFT and Metaverse industry news.
JinseFinanceElon Musk plans to revolutionize online payments with X Payments on Twitter, aiming to bypass traditional banks. Pending regulatory approval for a 2024 launch, Dogecoin's potential integration has sparked market optimism despite uncertainties.
Huang BoX Payments, a subsidiary of Elon Musk's tech empire, achieves a pivotal milestone by securing the Utah Money Transmitter License, showcasing regulatory compliance. The delayed payment gateway activation hints at a meticulous approach. With strategic moves into California and New York, X Payments aims to reshape the U.S. digital banking scene. Musk's vision extends beyond social media, emphasizing free speech and financial empowerment through cryptocurrency integration. As industry anticipation grows, X Payments' journey reflects undeniable ambition in navigating regulatory challenges and pushing the boundaries of digital banking, promising a transformative role in the future of financial transactions.
SanyaElon indicated that the application will manage both financial assets and securities, yet intriguingly, there is no mention of its involvement with crypto.
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