#247-settlement

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Venture
fromFortune
3 days ago

Cyclops raises $8 million to build stablecoin infrastructure for payments companies | Fortune

Large multinational businesses are adopting stablecoins for instant, around-the-clock payment settlement, and Cyclops raised $8 million to provide infrastructure enabling this transition.
fromcointelegraph.com
4 months ago

Why Mastercard's $2B move into crypto could end banking hours as we know them

Mastercard is in talks to buy Zero Hash, following earlier interest in BVNK, in a push toward 24/7 stablecoin settlement. The deals could give Mastercard a turnkey onchain payments stack, accelerating its move from pilot to production. Stablecoin-based settlement would let banks and merchants transact continuously, bypassing batch cutoffs and weekend delays. Yet operational, compliance and liquidity challenges mean a hybrid phase will likely persist before full 24/7 adoption.
Cryptocurrency
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