Payment

The Bank of Russia is continuing to test the Digital Ruble payment system and plans to involve more banks into the program in 2023.

One-click payments, virtual cards and digital currencies are steadily becoming commonplace in our society, but are we worried at all about the security of our sensitive information?

Regardless of the transformation cryptocurrency has introduced in the payment and  transaction industry, digital assets are still facing resistance in some countries. A good number of governments have shown concerns of cryptocurrency threatening their traditional fiat currency,  finance and economy.

The numerous sanctions imposed on Russia as a result of the invasion of Ukraine have caused further trade losses for the country.

Japan is one of the nations leading the cryptocurrency adoption, and legitimization, which has expounded the cryptocurrency business in Japan with its deeper technological advancements.

Nexus Project has launched its decentralized, distributed blockchain system focused on contributing to economic development by increasing accessibility and encouraging consumption.

Russian cryptocurrency scammers have developed a new scheme to trick citizens out of their money. They offer cryptocurrencies as gift options for holidays or birthdays. However, those who get involved in this "original" idea do not receive anything in return.

Weld Money will integrate the new feature to allow the Hacken community to pay for goods and services using the HAI token. This integration stems from a partnership between Hacken and Weld Money established in September 2021.

The popularity of cryptocurrency cards is growing rapidly. As reported by Visa, the total transaction volume in the first quarter accounts for 70% of the total volume of 2021. A further increase is expected.