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Stasis has completed an integration with XRP Ledger in an effort to expand the settlement layers it uses to facilitate cross-border payments with its euro-backed stablecoin—EURS. As such, Stasis is a Malta-based startup, while the XRPL is an open-source blockchain developed by blockchain payments company Ripple .  With respect to how this would foster adoption, the firm’s CEO Gregory Klumov said in a statement, “Another brick has just been added into the foundation of EURS, and it will solidify our asset for the next cycle of stablecoin market adoption.” Commenting on the partnership, Klumov added, “Our ongoing partnership will focus on exploring the newly-emerged opportunities of XRP to enable a better financial inclusion as well as stablecoin infrastructure and services that truly align with the values of the Web3 realm.” Partnership taken to next stage Per the official blog post, more than $5 billion in EURS has been settled on...

Elon Musk had some company changes planned prior to the $44 billion Twitter acquisition deal. One of his first steps included the firing of some of the top executives. Musk reportedly closed the deal for his $44 billion Twitter purchase on October 27, 2022, a day before the deadline. While some were overjoyed by the news, the majority of the executives were not delighted with Musk’s takeover. This also included Twitter’s upper management. A recent report has now surfaced from the WSJ stating that Elon Musk has now dissolved the Twitter board. The board of nine members has now been ousted, leaving Elon Musk as the sole director of Twitter . JUST IN: Elon Musk dissolves the Twitter Board, consisting of nine members, and now serves as the sole director. — Watcher.Guru (@WatcherGuru) October 31, 2022 Nine-member board is no longer a part of Twitter after the deal A securities filing on Monday by Twitter revealed that the nine-member Twitter board i...

Join Our Telegram channel to stay up to date on breaking news coverage A day after posting earnings that beat expectations, Visa (V) is expanding the use of another significant crypto company on its payment network. This most recent card from Luxembourg-based Blockchain.com will be distributed by the fintech company Marqeta (MQ), is fee-free, and lets users earn 1% back in cryptocurrency. The action continues a long-standing trend of cryptocurrency businesses attempting to make it simpler for clients to use their investments in digital assets to pay for real world products and services. The future of money movement, according to Chuy Sheffield, director of crypto at Visa, “is built on access. We’re thrilled to collaborate with top cryptocurrency exchanges like Blockchain.com to open up new opportunities for users to use their cryptocurrency for regular transactions.” Blockchain.com reported that 50,000 people have already joined the waitlist for their custome...