Ethereum News Daily TheBitTimes.com

Three Japanese banks are coming together to experiment with stablecoin payments. GU Technologies, a Web3 infrastructure company, has developed a system for the same on the ‘Japan Open Chain.’ The chain is fully compatible with Ethereum and falls in line with Japanese law. Tokyo Kiraboshi Financial Group, Minna no Bank, and Shikoku Bank are the institutions involved. According to the translated version of the press release, the entities said, “We will conduct an experiment to confirm that each bank can issue its own stablecoin that can be used in Ethereum wallets such as MataMask while complying with the new payment method.” Ultimately, they intend to issue a legally backed stablecoin, while coordinating with the test and production environments of banking systems. ／ 新着🌟プレスリリース 「国内銀行とステーブル...

Wyre was set to be acquired for $1.5 billion by San Francisco e-commerce startup Bolt last year, but the deal was eventually scrapped. Crypto wallet MetaMask is ending support for services of Wyre crypto payment platform amid reports of Wyre planning to shut down operations soon. MetaMask took to Twitter on Jan. 5 to announce that it has removed Wyre from its mobile aggregator, which allows users to buy crypto directly through its digital wallet. “We're currently working on extension removal and appreciate your patience,” MetaMask said, asking users not to use Wyre on the mobile aggregator . According to the announcement, MetaMask still supports a wide number of other payment gateways, including Transak, MoonPay, and Sardine. The services are available on Apple Pay, bank cards and transfers, MetaMask noted. The news comes soon after Wyre CEO Ioannis Giannaros reportedly announced to employees that the firm is going to soon shutdown operations. “We'll continue to do everything ...