🚀 Worldpay Plans to Participate in Blockchain Transaction Verification
#Worldpay #Blockchain #TransactionVerification #DigitalLedger #Web3 #Crypto #Validator #PaymentProcessing #Stablecoins #FinancialTechnology
According to BlockBeats, payment giant Worldpay Inc. is set to directly engage in the process of verifying blockchain transactions for the first time. This move aims to enhance the company's understanding of digital ledger operations.
Sanchit Mall, Worldpay's head of Web3 and crypto in the Asia-Pacific region, stated that the payment provider, which supports over one million merchants globally, is in discussions with selected blockchains to become a validator. 'Our idea is to be part of the foundational ecosystem,' Mall said, 'as funds will increasingly flow through digital ledgers in the future, and Worldpay intends to be involved in blockchain infrastructure.'
Mall also revealed that the company has processed $1.3 billion in payments using stablecoins so far this year, a significant increase from less than $1 billion in 2023.#Worldpay #Blockchain #TransactionVerification #DigitalLedger #Web3 #Crypto #Validator #PaymentProcessing #Stablecoins #FinancialTechnology
🚀 CattleProof Becomes First USDA-Approved Blockchain-Based Process Verified Program
#CattleProof #USDA #Blockchain #ProcessVerifiedProgram #Agriculture #DigitalLedger #CowVerification #DecentralizedNetwork #SupplyChainTraceability #BornInTheUSA
According to Cointelegraph, decentralized cow verification service CattleProof’s “Verified” has become the United States Department of Agriculture’s first blockchain-based Process Verified Program (PVP).
CattleProof, a Wyoming-based company, utilizes a decentralized digital ledger to record information related to individual cows. This technology combines data from electronic identification tags attached to the animals with updates about their condition, location, and other attributes on an immutable blockchain record.
CattleProof announced its USDA PVP approval on LinkedIn. The USDA’s PVP service is designed for situations where an organization, such as CattleProof, needs to establish new regulatory standards to market its products. As the first firm to build a decentralized network for monitoring cattle status, the PVP system allowed CattleProof to create and submit a set of voluntary standards for government review.
CattleProof claims to be the only USDA-approved PVP utilizing a digital ledger, also known as a blockchain. The company also offers “Born in the USA” certification for cattle, digital certificates containing hyperlinks to individual animal data, and is integrated with Heartland Payments to facilitate buying and selling USDA-verified cattle directly.
The successful acceptance of CattleProof’s application indicates that it has demonstrated compliance with existing regulatory standards in the sector and has implemented processes to ensure ongoing compliance as the blockchain and agriculture industries continue to intersect. The USDA appears to be increasingly accepting blockchain as a foundational technology in the agricultural sector.
As Cointelegraph recently reported, the department has proposed amending its rules on organic products to include implementing blockchain technology to trace supply chains.#CattleProof #USDA #Blockchain #ProcessVerifiedProgram #Agriculture #DigitalLedger #CowVerification #DecentralizedNetwork #SupplyChainTraceability #BornInTheUSA
🚀 Marex Integrates JPMorgan's Blockchain Settlement System
#Marex #JPMorgan #blockchain #settlementsystem #Kinexys #DigitalPayments #paymentinfrastructure #settlementrisks #digitalledger #financialservices
According to BlockBeats, global financial services platform Marex has announced its integration with JPMorgan's blockchain settlement system, Kinexys Digital Payments. This move aims to modernize payment infrastructure and reduce settlement risks by leveraging programmable, always-on digital ledger technology.#Marex #JPMorgan #blockchain #settlementsystem #Kinexys #DigitalPayments #paymentinfrastructure #settlementrisks #digitalledger #financialservices