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BUSINESS

BUSINESS latest

Visa Accelerates Stablecoin Momentum: Adding Five Blockchains for Settlement
April 30th, 2026 - 05:50 GMT

Visa Accelerates Stablecoin Momentum: Adding Five Blockchains for Settlement

Today, Visa (NYSE: V) announced that it is adding five blockchains to its global stablecoin settlement pilot, expanding how issuers and acquirers can settle with the network. As stablecoins move into mainstream payment flows, Visa’s stablecoin settlement pilot now supports nine blockchains and has reached a $7 billion annualized stablecoin settlement run rate, up 50% since last quarter. “Our partners are building in a multi-chain world, and they expect their options to reflect that reality,” said Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships, Visa. “Expanding our stablecoin ...
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Rifaat Assad is the exiled uncle of Bashar Assad. He was vice president of Syria when the country was ruled by Bashar’s father Hafez. (File photo)
April 5th, 2017 - 10:03 GMT

Assad's uncle properties seized by Spanish police in money laundering investigation

Jordan's Prime Minister Hani Mulki said that Jordan is working on diversifying its energy resources, notably in fields of renewable energy, oil shale and nuclear energy. (AFP/File)
April 5th, 2017 - 08:50 GMT

Jordan shifts to renewables, slashes energy bill by $3.5B: Minister

The weak exchange rate relative to the US dollar continues to be the key reason for higher raw material prices. (File photo)
April 5th, 2017 - 12:36 GMT

Weak economy, currency send Egypt non-oil sector into free fall

The UAE-headquartered hospitality company will develop premises across the UAE, Saudi Arabia, Qatar, and Egypt. (Time Hotels)
April 5th, 2017 - 11:55 GMT

UAE's Time Hotels to open 10 new properties by end of 2018

The country's automotive exports register all-time high of $7.12 billion between January and March 2017. (Anadolu)
April 5th, 2017 - 11:39 GMT

Turkey's automotive exports reach historic high with $7.12B

Abu Dhabi's Big Ticket raffle has so far declared 178 millionaires. (File photo)
April 5th, 2017 - 11:09 GMT

Indian mom becomes Abu Dhabi’s new millionaire!

During receiving the CERs certification
April 5th, 2017 - 11:08 GMT

DEWA receives CERs certification from the UN Framework Convention on Climate Change for successful offset of emissions during WETEX 2016

Tourism was once viewed as one of the main sources of revenue for the Lebanese economy. (File photo)
April 5th, 2017 - 11:07 GMT

Lebanon's tourism: Will 2017 be the light at the end of the tunnel?

Feras Al Sheikh, Director of Consumer Sales at Ooredoo
April 5th, 2017 - 11:00 GMT

Ooredoo revamps unlimited superfast fibre bundles to deliver more value

During the event
April 5th, 2017 - 10:53 GMT

MoF and Angola sign agreement to protect and promote investments

The Porsche Design Book One laptop. (Facebook)
April 5th, 2017 - 10:48 GMT

For luxury seekers: Porsche Design ‘Book One’ laptop sells elegance and power

DAMAC Heights
April 5th, 2017 - 10:44 GMT

DAMAC Properties achieves outstanding safety milestone with over 180 million safe man hours delivered across all its projects in Dubai

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