PayPal’s big announcement of offering cryptocurrency trading services has taken the financial world by storm. It’s about time that every major global bank will possibly provide support for the world’s largest cryptocurrency.
In the future, PayPal plans to work with global central banks to further tap on digital assets’ capabilities.
Though many of JPMorgan’s customers still make use of the payment processing platforms from competitors, it is expected that they will begin to migrate their businesses down to the QuickAccept-enabled platform.
Ant Group is expected to hold its IPO in Hong Kong, however, the details are still unclear.
Ripple launched On-Demand Liquidity using XRP in 2018. Since then, the firm now has over 24 clients including Azimo and MoneyGram.
For the Pfizer and BioNTech coronavirus vaccine to be approved by the U.S. FDA, they will have to provide the regulatory body with at least two months of safety data.
European fintech giant Revolut will soon be operational in California once it gets the license to carry out its activities throughout the United States.
The G7 countries noted that while private stablecoins offer an innovative approach to online transactions, they must be prohibited until proper regulations are in place after weighing all the possible risks and other security measures.
Gemini crypto exchange will be connected to BCB’s API, hereby facilitating seamless transactions with different bank systems.
Larsen warned that the regulators’ heavy-handed approach with the crypto space can lead to the U.S. losing its financial dominance to its economic arch-rival China. He added that the current regulatory approach is discouraging FinTech companies to stay in the U.S.
RippleNet customers using the on-demand liquidity (ODL) feature can ask for a Line-of-Credit by purchasing XRP from Ripple on a credit basis. This helps to instantly source capital required by businesses to grow their businesses at scale.
The MXC Exchange presents the first-of-its-kind liquidity mining product EQL that offers a loss compensation facility to users for staking their investments in the DeFi space. This product will set a new precedence for offering merit-oriented investment services to DeFi market investors.
The report indicates that a CBDC should be easily convertible, convenient to all, possess an unmatched security system, have high speed, and should be of legal sound.
The Amsterdam Digital Asset Exchange (AMDAX) has completed what is described as The Netherlands’ first cryptocurrency service registration with the country’s apex bank De Nederlandsche Bank (DNB).
Besides its base annual interest rates given to American savers, Europe’s fifth most valuable fintech Revolut has awarded the savers additional bonus.