News & Events

Singapore-based cryptocurrency payment provider DTCpay has announced it will phase out Bitcoin (BTC) and Ethereum (ETH) transactions by the end of 2024 and transition entirely to stablecoins by January 2025.

The shift is driven by the price volatility of Bitcoin and Ethereum, which complicates digital payments for users. Instead, DTCpay will focus on stablecoins like USDT (Tether), USDC (USD Coin), FDUSD (First Digital USD), and WUSD (Worldwide USD), offering consistent value pegged to fiat currencies like the U.S. dollar. This move reflects growing stablecoin adoption, particularly in Singapore, where transaction volumes nearly doubled to $1 billion in Q2 2024. Regulatory support, including frameworks from the Monetary Authority of Singapore (MAS) for stablecoins pegged to major currencies, has facilitated this trend.

DTCpay’s transition aligns with its vision to enhance scalability and interoperability in payments, supported by its payment institution license from MAS and partnerships with key players like Pontiac Land. The shift also underscores the global rise of stablecoins, especially in banking and digital payments across Asia, Europe, and the Middle East.

Read the original article here: https://cryptonews.com/news/dtcpay-to-replace-bitcoin-and-ethereum-with-stablecoins-by-2025/

Ghana has introduced a new chip-embedded e-passport with advanced biometric features, enhancing travel security and convenience.

The passport includes a microprocessor storing biometric and photo data, alongside anti-fraud security measures. Its design reflects Ghana’s cultural heritage, featuring Adinkra symbols like Fawohodie (Freedom) and Funtunfunefu Denkyemfunefu (Cooperation). At the launch, President Nana Addo Dankwa Akufo-Addo hailed the e-passport as a symbol of progress and a celebration of national identity. System-wide upgrades were also announced, including enhanced application platforms and streamlined processes.

Read the original article here: https://www.graphic.com.gh/news/general-news/ghana-news-chip-embedded-ghana-passport-launched.html#google_vignette

This day holds significant historical value, reflecting the region’s development and its contributions to New Zealand’s history, particularly during the gold rush of the 1860s. While large-scale celebrations are not customary, the day provides an occasion for residents to reflect on Westland’s rich heritage and natural splendour. Many take advantage of the public holiday to spend time with family, explore the region, or participate in community events where they are held.

The Westland region is renowned for its breathtaking landscapes, including the Southern Alps, Franz Josef and Fox Glaciers, and the Westland Tai Poutini National Park. Towns such as Hokitika, a historical centre of the gold rush, stand as a testament to the area’s significant past. With its magnificent beaches, lush rainforests, and distinctive wildlife, Westland holds a special place in the hearts of its inhabitants. Westland Anniversary Day serves as a poignant reminder of the region’s vibrant history and extraordinary natural heritage.