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Fast Guard Service, an innovator in the security guard services industry takes a progressive step towards the future by accepting cryptocurrency

Hear from Crypto Vets

The New York Daily News reports that union officials are claiming that 9/11 first responders have not received workers’ compensation benefits since the CrowdStrike outage last week. Direct deposit payments ranging…

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The Workers Compensation Research Institute is holding a 30-minute webinar Aug. 1 to discuss key findings from its study of interstate variation and trends in work comp drug payments. The WCRI…

Contractors discuss the various payment options for customers.

Jambo, a leading builder of web3 mobile infrastructure, today announced its partnership with Lif3, the revolutionary omni-chain DeFi Layer-1 ecosystem, to offer millions of Jambo phone users in over 120 countries, with easier access to peer-to-peer crypto payments through the Lif3 mobile app.

Founded by serial entrepreneur and web3 investor Harry Yeh, Lif3’s strategic collaboration merges its innovative DeFi ecosystem with Jambo’s expertise in mobile technology tailored for emerging economies, facilitating developing countries’ access to the world’s financial market.

Emerging markets face unique challenges that require innovative solutions for real problems. In regions like Africa, where 57% of the ~1.5bn population remains unbanked and 50% without access to a smartphone, the collaboration between Jambo and Lif3 is designed to address these issues by providing secure, user-friendly access to real-time crypto payments.

This initiative will empower millions by facilitating enhanced connectivity, improved security, and streamlined access to digital financial services. Additionally, the Lif3 mobile app will be pre-installed on the JamboPhone, complemented by quests and educational programs to help users familiarize themselves with the new technology while earning rewards.

Speaking about the partnership, Harry Yeh, Managing Director of Quantum FinTech Group, said, “Lif3 is committed to unlocking financial opportunities for everyone, everywhere. By partnering with Jambo, we’re simplifying access to decentralized financial solutions, including crypto payments and AI-integrated solutions. This is a pivotal step toward bridging economic gaps and transforming lives in emerging markets.” Adding to this, James Zhang, co-founder of Jambo said, “In many regions across emerging markets, an entire family shares one smartphone and a family member can only use it for a few hours a day. Owning a JamboPhone opens up new possibilities–like discovering a new life. By embedding Lif3 directly within the Jambo ecosystem, we're making it easier than ever for users in emerging markets to safely and efficiently engage with the digital economy. The integration of Lif3 into the JamboPhone is a game-changer for crypto payments, opening new pathways to economic participation that were previously unimaginable.”

The partnership will feature pre-installed Lif3 apps on all JamboPhones globally, allowing users to get their crypto wallet instantaneously and engage in a host of DeFi features integrated within the Lif3 ecosystem. The initiative also plans to include educational programs to assist new users in navigating the web3 space safely and becoming savvy digital citizens.

The Jambo and Lif3 collaboration not only enhances access to digital technologies but also paves the way for financial inclusion in regions where traditional banking has been out of reach. This initiative directly targets the gap in financial services, aiming to bring the unbanked into the economic fold and ignite economic growth from the ground up.

About Jambo

Jambo (https://jambophone.xyz/) – The Most Globally Distributed DePIN Smartphone. Jambo's vision is to bring emerging markets on-chain through building the largest web3 mobile infrastructure network. Jambo is backed by investors globally, including Paradigm, Tiger Global, Pantera, Delphi and more.

Jambo is onboarding the next billion users to web3 with the JamboPhone 2, a premiere web3 Android smartphone starting at only $99 preloaded with the world of web3 at their fingertips. The Jambo Ecosystem is preinstalled on the phone and features web3 mobile games, wallets, payment infrastructure, and more.

About Lif3

Lif3.com is revolutionizing the blockchain industry with its omni-chain DeFi ecosystem and curated Layer-1 blockchain. The self-custody Lif3 Wallet, available on the App Store and Google Play, empowers users by unlocking the full potential of Web3, transforming consumer DeFi, Gaming, iGaming, music, entertainment, and more. $LIF3 is currently listed on Bitfinex, Bitmart, and MEXC.

About Quantum Fintech Group

Quantum Fintech Group is a private investment group founded in 2020, and is focused on providing superior returns in the alternative asset space focusing specifically on blockchain investments.

Cryptocurrency payments have made financial transactions faster and safer. Forex brokers that integrate a cryptocurrency payment gateway can provide these advantages and more for their users. Crypto payment integration results in real-time transaction settlement, lower fees, and improved fraud prevention. These benefits increase forex brokers' operational efficiency, help them attract a global clientele, and remove geographical barriers. To grow and scale as a broker in this dynamic era, blockchain technology must be applied strategically to increase a business’s competitive edge, and drive scalability. Discover how accepting crypto payments can improve your forex brokerage business in this article.

Increased Global Reach

Forex brokers can expand their global reach by integrating a cryptocurrency payment gateway. Research by Oxprocessing and B2Broker shows that forex brokers saw a 20-30% increase in their client base when they started accepting cryptocurrency payments.

The rising forex broker client base after crypto adoption stems from the popularity and user realization of the benefits of crypto like real-time transaction settlement, unlike banks. The lower fees, flexibility, and additional security also attract many users as we shall see subsequently.

Accepting crypto through payment gateway solutions like Onchainpay.io connects a forex broker and its customers with the innovation and flexibility offered by decentralized finance. Crypto payment gateway integration is crucial in expanding and getting a bigger global customer market share.

Improved User Security

Integrating a proven and transparent cryptocurrency payment gateway like Onchainpay.io which uses two-factor authentication, permissioned API access, and real blockchain addresses to secure user funds offers all the advantages.

Advanced encryption and decentralized verification through blockchain technology ensure secure transactions and minimize fraud. No one can alter blockchain transactions as they are recorded on a public ledger that is almost impossible to counterfeit.

Transactions are traceable and secure onchain, increasing user confidence in the forex brokers who adopt crypto payments. With crypto payment, transactions occur in simple sends or receives between wallet addresses without intermediaries that can delay the process. By adopting crypto payment forex brokers can establish user trust and stand out from the competition.

Transaction Speed and Overall Efficiency

Real-time payment settlement is a game changer for forex brokers. Payment gateway comparison experts Crypto Payment Gateways note that while the average traditional payment processing time takes 7-14 days, cryptocurrency payments settle in a few seconds to a few minutes.

Crypto payments increase speed, boost operational efficiency, and drive forex broker customer satisfaction by providing quick access to funds. Lower transaction fees from crypto payment integration lead to massive cost savings. Forex brokers can operate more efficiently, save customer time, and remain at the forefront of innovation by integrating state-of-the-art crypto payment processing solutions like Onchainpay.io.

Affordable Fees

Analysis from Blockdata shows that cryptocurrency payments can cut transaction costs by 70% compared to traditional methods. Paying with known methods like credit cards often incurs 1.5% to 3.5% in transaction fees. Cryptocurrency transactions using payment methods like Bitcoin cost about 0.01%-1%.

Reduced transaction cost presents a business advantage for brokers who can also attract customers seeking affordable trading options. With blockchain technology forex brokers can offer real-time and competitive transaction costs as a strategic move to increase overall user experience.

Seamless Cross-Border Payment Processing

Decentralized finance offers direct and seamless cross-border payment settlement with lower fees and zero delays. Through digital currency payment integration, forex brokers can attract a global user base interested in innovation and opportunities in decentralized finance. Crypto payment integration makes cross-border transactions more efficient with no intermediary and additional security. With it, forex brokers can enjoy frictionless cross-border payment processing and devote more time to expanding other aspects of their business.

Easy Scalability

From declined card transactions to restricted regions, the limitations of traditional payment systems impact forex brokers’ ability to scale. Brokers can tap into the global market and attract clients across the globe by adopting crypto payment solutions. The flexibility of crypto integration also helps brokers build adaptable business models and solutions that serve their client base perfectly. These benefits coupled with cost savings and instant settlement mentioned before improve brokerage efficiency and user satisfaction helping forex brokers grow their business beyond expectations.

User Satisfaction and Competitive Edge

Crypto Wallet

Self-custody wallets are a huge advantage for crypto users. Imagine the ability to own and control 100% of your assets. Crypto wallets make this possible and withdrawing forex profit into self-custodial crypto wallets is a dream for most participants in the financial market today. Crypto wallets are a convenient option that improves customer satisfaction. Hence brokers who accept crypto win more customers and stand out from the crowd of available options.

Crypto Adoption

Through crypto payment and transaction settlement integration, forex brokers can get along with the current trend and preference for digital assets. A report released by Fxleaders notes that traders and investors are ahead of the pack in the rapid race toward cryptocurrency adoption which has already attracted over 300 million users globally.

Profit Withdrawal and Deposit

The last thing traders want after the close shave of almost getting drowned due to market volatility is waiting forever to withdraw. Instant settlement cryptocurrency payment gateways like Onchainpay.io provide an excellent payment processing solution for instant deposits and withdrawals. With real-time secure payments on Onchainpay.io, users enjoy a better experience while the forex broker competes favorably among the available alternatives.

Smart Contracts

Smart contracts are self-executing codes on the blockchain designed to streamline user experience. They ensure secure transactions as they cannot be altered once deployed, and are transparently verifiable onchain. Recurring payment solutions on Onchainpay.io, for example, are powered by a series of secure smart contracts and can also be helpful in automated withdrawals for trader’s discipline and plan.

Conclusion

Cryptocurrency payments save time lower cost and offer competitive advantages to forex brokers. It enables instant settlement of cross-border transactions and enhances user experience with a range of options such as self-custody which gives users complete control over their assets. Onchainpay.io’s cryptocurrency payment gateway and merchant solution are designed to help brokers provide secure, flexible, and reliable crypto withdrawals and deposit options for their customers. Onchainpay is simple to integrate and works perfectly with almost all known payment setups. With customizability, segregated payments, and automatic settlements Onchainpay.io is the best thing since sliced bread for forex broker payment.

Fintech firm SquareDash has partnered with iink Payments to streamline insurance claim payments so that contractors can receive funds within 24-48 hours through digital check endorsements and cash flow acceleration.

[Capital FM] Saying that small and medium-sized enterprises (SMEs) are the backbone of economies in East Africa is an understatement. SMEs make up the largest part of all registered entities in nearly every industry and sector in most East African countries, averaging between 60% to 90%, including micro-enterprises.

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Tim Gribben, the commissioner of the Bureau of the Fiscal Service, said the bureau refined and reframed its progress statement for the first time since 2018.

The post Fiscal Service using death data to reduce improper payments first appeared on Federal News Network.

GAO estimates the federal government saw $236 billion in improper payments in fiscal 2023

The post House Oversight leaders ask GAO to probe ‘root causes’ of federal improper payments first appeared on Federal News Network.

PayPal Advanced Checkout lets you accept credit and debit card payments directly from the website. You can set up custom credit card fields and add card payment form without any PayPal branding. The card input fields and payment form style can be customized as per the website design along with your business branding. The PayPal JavaScript SDK and REST API provide an easy way to integrate advanced checkout and credit card payment system in the web application. PayPal has 2 types of checkout systems, Standard and Advanced. If you want to embed PayPal branded payment component, integrate PayPal Standard Checkout

The post PayPal Advanced Checkout Card Payments Integration in PHP appeared first on CodexWorld.

Podcasting 2.0 introduced a new way for your audience to support your podcast by sending micropayments. This is usually measured by satoshis (abbreviated as "sats"), which are one hundred millionths of a Bitcoin. As such a small portion of cryptocurrency, many people might wonder whether the effort is even worth the return.

The post Are Podcasting 2.0 Micropayments Actually Worth It? first appeared on The Audacity to Podcast.

Blacks owe disproportionately more student debt.

For Immediate Release Friday, May 29, 2020: Wilmington, DE: The Delaware Department of Labor, in its effort to respond to the COVID-19 pandemic, reached another milestone this week by paying the first Pandemic Unemployment Assistance claims to eligible Delawareans. The Pandemic Unemployment Assistance program provides benefits for independent contractors and self-employed workers in the state […]

The Delaware Department of Agriculture has partnered with Pasa Sustainable Agriculture to assist frontline farm and meatpacking workers who live or work in Delaware in receiving a one-time $600 relief payment through the Farm and Food Workers Relief Program (FFWR).

Navarro notes consumer reports spurred investigation Following a nearly years-long Market Conduct investigation, Insurance Commissioner Trinidad Navarro announced today penalties against Highmark totaling $363,570 relating to improper volunteer ambulance company claims reimbursement. Investigations began after reports were received that payments were going to residents rather than directly to volunteer ambulance companies for payment of services. […]

This brief shows how India sparked a digital payments boom and boosted financial inclusion through the introduction of its Unified Payments Interface (UPI) and outlines ways countries in the region can ramp up their own digital transformation.

Title: Disability Payments Can Help Keep Veterans With Diabetes Out of the Hospital
Category: Health News
Created: 7/8/2022 12:00:00 AM
Last Editorial Review: 7/8/2022 12:00:00 AM

BACKGROUND AND PURPOSE:

Physician-industry relationships can be useful for driving innovation and technologic progress, though little is known about the scale or impact of industry involvement in neuroradiology. The purpose of this study was to assess the trends and distributions of industry payments to neuroradiologists.

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Chain will still accept payments via JCB/American Express cards or other means

The Hong Kong Inland Revenue Department has announced a further reduction to the interest rate payable on Tax Reserve Certificates.

The Hong Kong Inland Revenue Department has announced a further reduction to the interest rate payable on Tax Reserve Certificates.

In an October 15, 2020, statement, the Swiss Government announced it will not pay interest on federal taxes paid early.

The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty.

Rama Krishna's expertise was crucial in a large-scale switch implementation project, where he led the transition of payment processing to a leading payment network.

Late last year, Twitter CEO Jack Dorsey stepped down from his position in order to give his full attention to his other company, Square (now called Block), which had become increasingly invested in blockchain technology and cryptocurrency — just like Dorsey himself. Now we’re starting to see the results of Block’s embrace of crypto, as […]

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MobileCoin, the startup known for building Signal’s crypto payments feature, has appointed a new CEO as it works on expanding its encrypted money transfer service to global users in need of a more modern remittance solution. Sara Drakeley is taking the helm as MobileCoin’s new chief executive officer. Replacing her previous role as the firm’s […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Is 2021 the year of open banking and will this change our consumer habits? In this panel from WIRED Smarter 2020, two of the most exciting business leaders in the payments sector: Shachar Bialick, the founder and CEO of Curve and Hiroki Takeuchi, the co-founder and CEO of GoCardless share how the pandemic has affected their businesses’ outlooks and what they see driving the future of payments. ABOUT WIRED SMARTER Curated by WIRED’s award-winning editorial team, WIRED Smarter gathers the disruptive minds across business, technology, retail, finance and politics to investigate how innovation, technological advances and world events are changing the way we interact with customers. CONNECT WITH WIRED Events: http://wired.uk/events Subscribe for Events Information: http://wired.uk/signup Web: http://bit.ly/VideoWired Twitter: http://bit.ly/TwitterWired Facebook: http://bit.ly/FacebookWired Instagram: http://bit.ly/InstagramWired Magazine: http://bit.ly/MagazineWired Newsletter: http://bit.ly/NewslettersWired

Bank employees in Maharashtra face attacks as political hopefuls demand release of funds under ‘Mukhyamantri Majhi Ladki Bahin’ to woo voters

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The payments firm has set up POS terminals at villages in Tamil Nadu for payment of taxes and also for devotees making payments to temples.