Tech News
LAST UPDATE: May 28, 2025
Global Payments’ Worldpay Offers Stablecoin Payouts Using Circle
Worldpay, a payment processing firm, has partnered with BVNK to enable U.S. and European clients to make disbursements using Circle’s USDC stablecoin, facilitating near-instant payments across over 180 markets.
Insight
This collaboration signifies a growing acceptance of stablecoins in mainstream finance, offering businesses faster and more efficient cross-border payment solutions. By leveraging blockchain technology, companies can reduce transaction costs and settlement times. However, regulatory clarity and risk management will be crucial to ensure the stability and security of such digital payment systems.
AI Boom Adds €150bn to Value of Four of Europe’s Oldest Industrial Groups
The surge in demand for data centers driven by artificial intelligence has increased the market value of Schneider Electric, Siemens AG, ABB, and Legrand by over €150 billion, as these companies pivot to supply infrastructure essential for AI operations.
Insight
The integration of AI technologies has revitalized traditional industrial firms, highlighting the importance of adaptability in the evolving technological landscape. By focusing on data center infrastructure, these companies have tapped into a lucrative market, ensuring their relevance in the digital age. This trend underscores the potential for legacy industries to innovate and thrive amidst technological disruptions.
India’s Crypto Industry Urges Tax Cuts as Donald Trump Support Softens New Delhi Stance
India’s cryptocurrency sector is lobbying for tax reductions, citing high taxation as a barrier to domestic trading. The industry’s optimism is bolstered by President Trump’s supportive stance on digital currencies, which appears to have influenced a more receptive attitude from Indian policymakers.
Insight
The push for tax reforms reflects the crypto industry’s desire to foster a more conducive environment for growth and innovation in India. High taxes have driven trading to offshore platforms, potentially leading to revenue losses for the country. A balanced regulatory approach could encourage domestic participation, enhance investor protection, and position India as a competitive player in the global crypto market.
