JUST IN: JPMorgan CEO Jamie Dimon says stablecoins should work better for international payments. https://t.co/wdfWR19IGV ...

🇧🇷 UPDATE: Brazil is reportedly weighing a tax on using crypto for international payments as it moves to adopt the global CARF reporting standard for crypto data sharing. https://t.co/717r1r0zJu ...

According to Reuters, Brazil is considering taxing the use of cryptocurrencies for international payments. Two informed officials said the Finance Ministry is evaluating whether to extend the existing financial transaction tax (FTT) to certain cross-border crypto transactions, including payments using virtual assets and stablecoins. One source noted that the central bank has classified such transactions as foreign exchange operations, which could make them subject to taxation.https://t.co/uowazOTVLZ ...

Payment Innovation - Zelle plans to enable international payments using stablecoins [1]

Crypto Payment Solution - PayPal introduces "Pay with Crypto", a new payment method targeting over 650 million crypto users [2] - The solution supports payments using 100+ cryptocurrencies and eligible wallets [2] - Merchants gain immediate access to funds through this payment method [2] Cost Reduction - PayPal aims to reduce international transaction fees by up to 90% by offering pay with crypto [1][2] Target Audience - The new payment method allows merchants to reach more than 650 million crypto users [2]