Today's Headlines

Canada’s government becomes the latest to launch TikTok ban

03/03/202303/02/2023 John Montgallo

The country is mandating that the app be removed from all government devices. The Canadian government has just announced that it is implementing at TikTok ban on all its government-issued devices as concerns continue to rise over privacy and security. That said, the North American country is far from the only one to have made such a move. It is becoming increasingly commonplace for governments worldwide to put a TikTok ban into place on their own devices or across their entire populations. The app, which is owned by Bytedance, a…

Mastercard will soon permit crypto payments in Web3 using USDC settlements

03/02/202303/01/2023 Jennifer Goula

Crypto payments - Mastercard credit card

The move is made via a partnership with Immersve using its decentralized protocols for real-time transactions. Mastercard’s new partnership with Immersve, a Web3 crypto payment protocol, will soon make it possible for users to use cryptocurrency to complete purchase transactions in-person, online and in the metaverse. Consumers will be able to use the Mastercard network for shopping with cryptocurrency. Once the crypto payments have been successfully sent from the user’s end, a US dollar-backed stablecoin called USD Coin, which is issued by Circle, is converted into fiat so that it…

Stripe rolls out tap mobile payments for NFC-enabled Android devices

03/01/202302/28/2023 Sam Lambert

The service, already available for Apple device users since last year, is now widening its reach. Stripe has announced that it is expanding its Tap to Pay mobile payments feature to Android devices that are enabled with near field communication (NFC) technology. The financial services company was the first company to become a Tap to Pay partner with Apple. The partnership between Apple and Stripe made it possible for any NFC enabled Apple device – from the iPhone to the Apple Watch – into a device that can be used…

Reltime revolutionizes e-commerce with its decentralized Web3 merchant payment solution

02/28/202302/27/2023 L. Green

The Norway-based payments company is leading the shift toward direct e-commerce. Reltime AS is using its revolutionary Web3 merchant payment solution to help lead the transition from traditional ecommerce, which is controlled by many intermediary organizations, to a direct e-commerce platform where values are instantly exchanged between customers and/or merchants/businesses worldwide. Reltime’s platform will support direct e-commerce across 170 countries. Currently, the payments company, which is a global leader in Web3, Layer 1 Proof of Authority and Metaverse financial services platform, is supporting the direct e-commerce solution in 170 countries…

Air Canada becomes first airline to test facial recognition tech for ID verification in Canada

02/27/202302/27/2023 Amanda Giasson

Facial recognition tech - Air Canada Plane

The major Canadian airline has launched digital identification. Air Canada recently announced the launch of its facial recognition tech, becoming Canada’s very first airline to receive approval to offer its customers the security and convenience of a new digital option to confirm their identification. Air Canada’s digital identification offers customers a seamless boarding option. The digital identification offered by the airline is a single enrollment feature on the Air Canada app. The biometric data of the customer is encrypted and stored only on the customer’s mobile phone. For the data…