The Office of the Comptroller of Currency has announced that banks can now issue stablecoins in exchange for fiat currencies.
As Wirex joined the Visa network as a principal member in Europe, it will be able to offer additional services and products to its clients.
The Fintech sector will remain to expand and fine-tune in forthcoming years. To be more reliable and satisfy clients, this sector will develop at a much greater pace.
Users of Lydia can now spend money in their account directly using a Visa debit card as a result of an upgrade of the platform. The app also allows users to generate a virtual card that’s accepted by Google Pay and Apple Pay.
GoCardless LTD nears $1 billion valuations to earn the Unicorn status. Currently, the new funding takes the company’s valuation to around $970 million.
The EMTECH Modern Central Bank Sandbox™ will provide its innovative solutions with backing from the cloud services giant Microsoft Corporation in its attempt to deploy the pilots in the coming months.
The Revolut Plus plan is an affordable subscription plan for its users and specially focused on the current COVID-19 pandemic times. It strips off all the benefits associated with travel but introduces purchase protection plans.
In the announcement, the new Ripple executive commented on her new role in the company. She expressed her pleasure to work with Ripple on regulatory policies.
Banca Generali announced that in a bid to support the growth and development of Conio as well as the distribution of its digital products to its customers, they will acquire a $14 million minority stake in the crypto firm.
Evercore noted that PayPal’s crypto offering will “substantially” boost its consumer engagement as well as transaction margin. PayPal has already witnessed massive demand for its crypto services within weeks of going live.
According to SCB, the new cross-border payments services will satisfy the demand for better international fund transfers.
Tink’s valuation has jumped more than 60% in 2020. At the beginning of the year, the Swedish fintech startup’s valuation was €415 million.
Some of the firms included in the deal with Standard Chartered are UK-based financial technology company LMAX, crypto exchange ErisX, Switzerland-based custody provider METACO and UK-based trading technology provider Cobalt.
Moreover, the world’s largest producer of vaccines by volume, Serum Institute of India requested authorization for emergency use of the AstraZeneca vaccine in the country.
The decision to conduct the trial this weekend is strategic as it coincides with Double 12 (December 12th), a day when retailers offer steep discounts.