Sample Bank adds crypto custody for clients
The invented bank says it will hold bitcoin and ether for institutional clients, starting with a limited pilot next year.
Example Pay brings stablecoins to checkout
The invented payments company says merchants can accept stablecoins and receive ordinary currency in their bank accounts.
What happened
Example Pay said merchants in three markets can now accept two dollar-backed stablecoins at checkout. The company would convert those payments, so merchants wouldn’t need to hold crypto themselves.
The open questions
The company hasn’t published its conversion fees. Customers would also still pay any network fees, and refunds on blockchain payments can work differently from refunds on cards.
Sources
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Disclosures
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