payment

Bitcoin News posted on the X platform that residents of Miami-Dade County can now pay property taxes online or offline using Bitcoin.Third-party payment service providers will automatically convert Bitcoin into US dollars before the funds enter the county government's account, so the county government will not hold Bitcoin; this payment method is optional.

According to CoinDesk, Gemini has sold its UK and European operations to stablecoin payment company Kast for less than 10 million dollars. Gemini exited the UK and European markets in February this year, with the buyer primarily valuing the local MiCA and FCA licenses.

The draft of South Korea's "Basic Law on Digital Assets," expected to be announced this month, will propose that a bank-led consortium be responsible for issuing the Korean won stablecoin. However, even if banks are responsible for issuance, exchanges and third-party payment platforms may still take on the circulation link connecting consumers and merchants, making user entry points and application scenarios key to competition.It is reported that the business integration between Upbit's operator Dunamu and Naver Financial could become an important variable. If related services are approved for integration, Dunamu could generate revenue through stablecoin transactions, while Naver Financial is expected to collect fees through merchant payments and settlements. A representative from South Korea's financial regulatory authorities pointed out that if stablecoins are used for electronic payments, related businesses may need to comply with the "Electronic Financial Transactions Act," and clarify obligations regarding the protection of recharged funds and settlement funds, transaction information management, and dispute resolution.

According to the information on the Liepin page, Tencent is hiring a financial product manager for cross-border payment. The job responsibilities include conducting overseas market research based on distributed ledger technology, digital assets, and designing fee-free capabilities, key custody and recovery based on account abstraction, as well as designing the circulation and exchange logic of fiat currency.The position also requires transforming regulatory rules such as identity verification, anti-money laundering, and transaction information transmission into product processes. The job requirements include over 5 years of experience in wallets, exchanges, payment, or e-wallet products, and familiarity with mainstream public chains, smart contracts, and multi-chain asset management.

Stablecoin payment infrastructure provider Rain has launched the AI agent payment product Agent Vaults. Businesses can embed payment and receipt functions into applications using their own branding, allowing AI agents to collect payments, shop, and transfer funds on behalf of users or businesses within authorized limits.The product supports funding through bank transfers, payment cards, or stablecoins, with funds able to be stored as fiat currency in bank accounts or stablecoins in embedded wallets. Agents can make payments using Visa or Mastercard, as well as remit to bank accounts or directly transfer stablecoins. Users or platforms can set spending limits, designate merchants or payees, and restrict payment times.

The OpenTensor Foundation of the Bittensor ecosystem has announced the native payment mechanism Gamma Tokens. Users and AI agents will be able to use the same Bittensor wallet to access subnets that adopt this standard and pay service fees without needing to register separate accounts or apply for API keys for each subnet.Users can obtain Gamma payment credits using TAO or the corresponding subnet's Alpha tokens. If using TAO, the protocol will buy and destroy the subnet's Alpha tokens in the same transaction to generate Gamma credits; if already holding the corresponding Alpha tokens, they can be directly destroyed to generate credits.

Miami-Dade County Tax Collector Dariel Fernandez announced on Monday that his office has begun accepting Bitcoin for property tax payments, available both online and offline, but each transaction will be converted to U.S. dollars before the funds reach the county government. Fernandez made this announcement in a statement on the tax collector's website, calling it an additional option for property owners while not putting public funds into the asset. Taxpayers can choose the cryptocurrency option at checkout online or request it at the counter, then connect to a supported exchange account or digital wallet to authorize the payment.The office stated that a third-party system converts Bitcoin to U.S. dollars at the time of payment, so it never holds, invests, or manages any cryptocurrency. The office still receives the full amount due in U.S. dollars and records the transaction in standard payment reports, with county staff not needing to maintain a digital wallet. Fernandez stated that the government must keep up with the times and the needs of those it serves, and accepting Bitcoin as a payment option provides another way for property owners to pay taxes while continuing to offer traditional payment methods, without compromising the responsibility to protect taxpayer funds. The office did not disclose the name of the payment processor and did not specify whether there is a convenience fee for Bitcoin payments; online credit card and mobile wallet payments currently incur a non-refundable fee of 2.5%, with a minimum of $2.5.This move comes during Florida's property tax collection season. Miami-Dade County opened its 2026 tax bill on October 30 and urged property owners to pay by November 30 to lock in a 4% early payment discount, which drops to 3% in December, 2% in January, and 1% in February, with the full amount due by March. In 2021, Miami-Dade County Commissioner Danielle Cohen Higgins proposed a resolution to explore allowing residents to pay county taxes and fees with Bitcoin; previously, Miami Mayor Francis Suarez advocated for allowing residents to pay municipal fees and taxes with Bitcoin. The office stated that Miami-Dade County is one of the first government agencies in the U.S. to accept such payments, with Colorado accepting cryptocurrency for state tax payments since 2022, and Utah subsequently offering a similar option for individual income tax.

Square plans to complete a phased expansion of Bitcoin payment arrangements, with Lightning Network payments being opened to eligible sellers in its U.S. merchant network. Consumers can pay with Bitcoin, while merchants will default to receiving dollars but can choose to retain Bitcoin.Square will waive Bitcoin payment processing fees until the end of 2026, after which it plans to charge a uniform fee of 1%. Square's broader merchant network covers over 4 million merchants, but eligibility restrictions still exist, and actual adoption has not been independently quantified.

According to The Block, payment company Visa has included the Monad blockchain network in its stablecoin settlement program, allowing participating issuing institutions and acquiring institutions to settle through this network.The Monad Foundation stated that Monad has joined the ranks of blockchains supported by Visa, including Avalanche, Ethereum, Solana, Stellar, Circle's Arc, Base, Canton, Polygon, and Tempo, with the latter five announced as supported in April this year. Compared to traditional card settlements that follow a five-business-day banking schedule, blockchain settlements allow funds to flow on weekends and holidays.Dan Roesbery, Vice President of Global On-Chain Partnerships and GTM at Visa, stated that the goal is to allow partners to flexibly choose the blockchain network that best meets their needs for settlement. The support for Monad expands the options for partners and is another step in building a multi-chain stablecoin payment settlement infrastructure. Visa disclosed that as of September 2026, its stablecoin settlement annualized run rate reached $20 billion, a year-on-year increase of more than 15 times, with over 225 stablecoin-related card projects launched globally.Monad is developing a privacy feature called Private Settlement for institutions, expected to launch in the coming months, which will allow institutions to keep sensitive transaction details confidential while sharing these details with auditors or regulators when necessary. This feature is built directly into Monad, and privacy transactions can use the same liquidity as other transactions on the network without slowing down settlement.Keone Hon, co-founder and General Manager of the Monad Foundation, stated that the next phase will depend on whether institutions can keep sensitive fund flows confidential without leaving the open network. Visa has also explored privacy settlements on Canton, announcing in June a proof of concept with stablecoin issuer Brale to test settlements using its dollar-backed SBC token.

According to official news, Circle announced a multi-year partnership with the nonprofit organization Global Citizen, which will begin in 2027 by providing USDC payment options for suppliers participating in the Move Afrika music tour project starting in Rwanda. Circle will also provide financial education and technical training to local entrepreneurs and production staff to help them safely use digital payment tools.In addition, both parties will explore putting Global Citizen's community engagement and rewards program on-chain. Circle will also provide USDC funding to eligible charitable organizations through a new award established by both parties.

According to a report by the Korean News Agency, Shin Eun-seop, the director of the Electronic Financial Inspection Bureau of the Financial Supervisory Service of Korea, stated at a discussion held at the Financial Investment Education Institute in Yeouido, Seoul, that if stablecoins are used as a means of electronic payment, it is inevitable that the Electronic Financial Transactions Act will apply from the perspective of fairness with existing electronic payment methods, user protection, and payment settlement stability.

According to a report by Reuters, PNC Bank announced a partnership with Coinbase to allow eligible businesses and institutional clients to receive payments in USDC stablecoins issued by Circle, which will be automatically converted to US dollars upon receipt. Both parties stated that this service could help businesses access funds more quickly and expedite cross-border transaction settlements. The service will initially be launched in a pilot format on a small scale. Tom Lang, head of PNC's cash management products and operations, stated that the current goal is to test with clients to see which features of stablecoins are useful to them. Last year, PNC provided cryptocurrency trading to clients through Coinbase's "crypto-as-a-service" platform and offered banking services to Coinbase.

b14g released a security incident review report on October 31, 2026, which pointed out that attackers exploited a compatibility flaw between its staking contract and the native staking contract of the Core network. Through a single transaction, they initiated 99 zero-amount (0 CORE) withdrawal requests to 91 staking orders, resulting in approximately 97.05 million CORE being stolen. This attack did not involve private key leakage, nor did the attackers modify or deploy new b14g contract code.BTC staked through b14g was unaffected and remains locked on the Bitcoin chain. In terms of fund recovery, approximately 68.15 million CORE (about 70.2% of the total stolen amount) was recovered on November 2 through a hard fork of Core, and another approximately 12 million CORE has reportedly been frozen by trading platforms. Regarding user compensation, b14g plans to return the recovered CORE to affected orders in proportion to their original balances within the next 5 to 7 days, while the remaining losses will be repaid through 50% of future Core staking business income, with affected users able to receive payments weekly.

Bitcoin News posted on platform X that Square, under Jack Dorsey, is expected to complete a phased deployment on November 10, expanding Bitcoin payments to its network of over 4 million merchants.The deployment started on March 30, and eligible U.S. merchants will have Bitcoin payments automatically enabled without needing to apply. Customers can pay via the Lightning Network, with transactions settling in seconds; merchants will receive payments in USD by default but can choose to retain Bitcoin. Square will waive Bitcoin payment processing fees until December 31, 2026, after which a fixed fee of 1% will be charged; merchants can also automatically convert up to 50% of their daily sales revenue into Bitcoin.

Stablecoin infrastructure company OSL Group (HKEX: 863) and financial technology platform Reap announced a partnership, focusing on daily payments to promote the application of stablecoins in real-world scenarios.This collaboration will combine OSL's accumulation in stablecoin infrastructure, liquidity, and compliant cross-border payment networks with Reap's experience in stablecoin issuance and cross-border payment infrastructure. Together, they will expand the application of stablecoins in personal consumption, corporate payments, expense management, and other real-world scenarios, while exploring the construction of stablecoin ecosystems such as agent payments. Kevin Cui, Executive Director and CEO of OSL Group, stated that OSL and Reap will jointly explore more solutions based on stablecoin infrastructure and application scenarios, bringing more quality products to customers and making compliant stablecoins a natural choice for enterprises and the public in daily consumption and payments.