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Crypto

Dunamu partners with Visa on stablecoin payments and cross-border remittances

Dunamu said on Thursday it has signed a strategic partnership with global payments company Visa to pursue next-generation financial services including stablecoin-based payments, global remittances and AI-enabled payments. The companies unveiled a partnership roadmap in San Francisco on Aug. 27 Korea time. They plan to combine Dunamu’s digital asset technology with Visa’s global payments network to explore new services, while details such as markets and launch schedules remain undecided.

Crypto

DAXA moves for joint response ahead of revised foreign exchange transactions law

The Digital Asset Exchange Alliance (DAXA) said it is supporting domestic virtual asset service providers (VASPs) as South Korea prepares to implement a revised Foreign Exchange Transactions Act on Dec. 3. DAXA held a briefing in Seoul on building a VASP-only foreign exchange reporting network. The revised law requires prior registration for cross-border digital-asset transfers and reporting of transfer details to the Bank of Korea’s foreign exchange system.

Crypto

XRP turns weak after 50 percent surge as banks expand their own payment networks

XRP is losing momentum after a sharp rise, as large banks expand blockchain-based systems that reduce the need to pre-fund cross-border payments without using separate cryptocurrencies. XRP rose 49.4 percent over the past week but fell 2.2 percent over 24 hours. JPMorgan is broadening its Kinexys platform, while Citigroup is linking dollar clearing with token services. Swift is also connecting bank-issued digital deposits, adding competitive pressure.