Swyftx interim co-CEO Andrea Yuen says the company "won’t be a pure crypto spot exchange in future,” after it secured a license allowing it to offer payment services.
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Something quietly significant is happening inside the world’s largest crypto exchange. Binance crypto payments have surged 114% over the past year, a jump that goes well beyond a single platform milestone — it signals a genuine shift in how people are actually using digital assets in their daily financial lives. Key takeaways Binance recorded a 114% increase in crypto payments over the past year, reflecting rapid growth in real-world usage. The median payment size on Binance Pay rose from $10 to $18, suggesting users are transacting with greater confidence and larger amounts. Stablecoins dominate the payment landscape on the platform, serving as the primary asset class behind the volume growth. Binance views the surge as evidence of growing mainstream confidence in cryptocurrency as a functional payment method, not just a speculative asset. Market observers are watching how this payment growth
The rise in crypto payments signals a shift towards mainstream adoption, potentially influencing financial systems and regulatory landscapes.
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Swyftx's licensing positions it as a key player in Australia's evolving crypto market, potentially driving industry consolidation and innovation.
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The post Swyftx Eyes Crypto Payments After Securing License appeared on BitcoinEthereumNews.com.
Australian crypto exchange Swyftx says it will be seeking opportunities in the crypto payments space after securing a license from Australia’s market regulator. Swyftx said on Wednesday that it received its Australian Financial Services License (AFSL), joining the likes of Coinbase, BTC Markets and Crypto.com. The license allows it to offer derivative products, such as crypto options or futures, to retail customers, as well as non-cash payment facility authorization, setting up the fintech to offer payment services to business and retail clients. It does not hold an AFSL to offer spot crypto. “Swyftx won’t be a pure crypto spot exchange in future,” Swyftx interim co-CEO Andrea Yuen told Cointelegraph. “In particular, we see a lot of opportunity in the payments space following local changes to credit card surcharging.” From Oct. 1, Australian businesses will be banned from adding surcharge
Iran's new fees in the Strait of Hormuz could escalate oil prices, alter global trade dynamics, and deepen geopolitical divides.
The post Iran plans fees for ships in Strait of Hormuz, raising global concerns about oil prices and crypto payments appeared first on Crypto Briefing.
Iran's actions highlight geopolitical instability, impacting global energy security and potentially reshaping maritime trade with crypto payments.
The post Iran’s tanker attacks near Strait of Hormuz expose leadership dilemma and rattle energy markets appeared first on Crypto Briefing.
AI vulnerabilities in prompt injection attacks could undermine trust in automated systems, posing significant risks to digital transactions.
The post Zscaler researchers identify prompt injection attacks targeting AI agents for crypto payments appeared first on Crypto Briefing.
Ripple received full MiCA CASP authorization from Luxembourg’s CSSF on July 6, 2026. Its regulated crypto payments product is now available across all 30 EEA countries. The approval landed days after MiCA’s transition period closed on July 1, 2026. Ripple joins roughly 280 firms, including Kraken and Coinbase, holding full CASP licenses. Ripple has cleared [...]
