#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
Mercuryo Integrates Passkey to Enhance Payments Security in Web3
Mercuryo integrates Passkey to upgrade platform security
Mercuryo, a global provider of crypto-to-fiat remittances for B2B and B2C, adds the support Passkey, a new-gen authentication service. Mercuryo users who activate Passkey can log in via its biometric solution without the need to input a one-time passcode (OTP), delivered via text message or email.
The passkey utilizes robust encryption technology and has a proven track record for delivering an optimal user experience. Passkey’s biometric authentication utilizes a fingerprint or face scan, providing an intuitive means of signing into an account.
Available on iPhone, Android or Windows, Passkey will be rolled out across Mercuryo’s 200-plus partner network, which includes leading non-custodial wallets
Petr Kozyakov, cofounder and CEO at Mercuryo, is excited by the opportunities the new integration unlocks for cryptocurrency payment users from all over the globe:
He also stressed that the new integration is set to propel further mainstream adoption of Web3 payments for various needs.
Passkey enables secure payments authorization in AI era
Passkey provides protection against common digital attack vectors and an additional layer of defense against sophisticated threats emanating from new technologies, such as Artificial Intelligence (AI)
By helping to protect against malware and phishing attacks, Passkey helps to circumvent the vulnerabilities inherent in email and text-message-based authentication processes.
Originally developed by FIDO Alliance, Passkey provides a credential that is only registered once on a user’s personal device. The device then proves possession of the registered credential to the remote server via the user’s screen lock.