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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In a move that signals a major shift towards cryptocurrency adoption, Lugano, a picturesque Swiss city, has announced it will start accept ing Bitcoin (BTC) for tax payments . This decision puts Lugano in the spotlight , showcasing the city’s forward-thinking approach to financial technology. Meanwhile, BorroeFinance (ROE) is drawing investor attention and is being explored as one of the top cryptos investors can examine. Lugano: paving the way for crypto in municipal finance Imagine paying your taxes with Bitcoin. Well, for the residents of Lugano, this is set to become a reality. The city recently announced a partnership with Tether (USDT) to revitalize its financial system using Bitcoin. This step makes Lugano one of the first cities in the world to integrate crypto into its municipal finance system. You might also li...

Stellar launched the Stellar Disbursement Platform (SDP) — an open-source global payment service . In its Aug. 16 announcement, Stellar explained that SDP can help with tasks ranging “from paying gig workers anywhere in the world to delivering digital aid’.” The tweet promises that the tool allows anyone to pay with cryptocurrency global ly and that the solution is specialized in bulk disbursement. 1/ Today, we’re excited to share the open-source release of the Stellar Disbursement Platform. From paying gig workers anywhere in the world to delivering digital aid, anyone can power global payments using digital assets with this publicly available, bulk disbursements tool. — Stellar (@StellarOrg) August 16, 2023 Stellar explains that SDP aims to enable faster, cheaper, and more transparent digital payment . The move follows its testing in December to provide aid disbursement in Ukraine. Now the tool has been released as open-source software and reportedly ...

The United States Federal Reserve has officially launched FedNow, an instant payment service offering round-the-clock payments and settlements. Initially, the service has a transaction limit of $100,000 per customer, which could be later extended to $500,000. The Federal Reserve’s new payment service, FedNow, promises consumers the ability to send and receive money within seconds. However, it’s worth noting that the solution will be under the central bank’s control. FedNow will be accessible to Americans every day of the week throughout the year, empowering residents to make instant payments for their daily necessities and send funds to their loved ones. Additionally, businesses can promptly pay their suppliers through this network. You might also like: FedNow program aims to introduce fully digital US currency Initially, the service sets a transaction limit of $100,000 per customer. Nevertheless, the Federal Reserve has suggested the possibility of ra...

China-based suppliers of chemicals used solely to produce fentanyl are receiving tens of millions of dollars in cryptocurrency payments, fueling the ongoing fentanyl epidemic in the United States, according to a report by Elliptic. Research conducted by the analytics firm identified over 90 China-based chemical companies willing to supply fentanyl precursors who altogether had received $27 million in crypto payments — some were ready to sell fentanyl itself, despite China’s regulations banning the export of the deadly drug. In recent years, Mexican drug cartels have filled the void by manufacturing their own fentanyl using precursor chemicals imported from China. To disrupt the financial activities of fentanyl traffickers and their supply networks, the US government has increased its efforts to hold these criminals accountable. In April, the US Department of the Treasury sanctioned several individuals and businesses in China for supplying precursor chemicals to Mexican drug ...

The Fountain podcasting app announced a partnership with ZEBEDEE to allow podcast creators and listeners the ability to earn Bitcoin for their time spent with content. Crypto has tapped into various industries over the years to enable users with the unique ability to micro-monetize their actions. Play-to-earn gaming, along with earning from music streaming, has been the forerunner for this type of crypto integration.  On Jan 24. Fountain, a value-for-value podcast ing platform, announced a new partnership with ZEBEDEE, a financial services company that helps monetize games and apps, to enable Bitcoin (BTC) micro payments for podcast listeners .  Oscar Merry, the founder and CEO of Fountain, called the ability to listen to a podcast and earn money for it, a powerful combo and the future of content creation. “A few years from now, we’ll look back at paid subscriptions for content platforms that aren’t related to how much we actually use those platforms and laugh at how basic and inef...