The TechCrunch Global Affairs Project examines the increasingly intertwined relationship between the tech sector and global politics.
Crypto liquidity is ready to eat cross-border payments’ lunch
Traditional foreign exchange companies will need to change their revenue models, which currently rely heavily on transaction fees, or risk becoming obsolete.
Paxos renames its stablecoin from PAX to USDP
Paxos, the company behind the Paxos Standard stablecoin (PAX), has announced that it is changing the name of its cryptoasset. Paxos Standard is now Pax Dollar, and you’ll soon be able to identify it on your favorite cryptocurrency exchange, wallet or explorer under the USDP ticker. Other than the name, USDP remains fundamentally identical to […]
Blockchain startup XREX gets $17M to make cross-border trade faster
A substantial portion of the world’s trade is done in United States dollars, creating problems for businesses in countries with a dollar shortage. Blockchain startup XREX was launched to help cross-border businesses in emerging markets perform faster transactions with products like a payment escrow service and crypto-fiat exchange platform. The Taipei-headquartered company announced today it has […]
Crypto world shows signs of being rather bullish
Bitcoin maximalists aren’t going to find much here that underscores their core thesis that every coin not mentioned in Satoshi’s whitepaper is, in fact, a scam. Save your tweets, please.