The Nordics is a region that is trying to form a crypto-friendly society, therefore crypto and blockchain are being used there in a great variety of spheres. The government is not an exception.
The major aim of the DeFi alliance formed by Huobi is to establish universal DeFi protocols targeted towards a common and larger goal of the global financial community.
Chiliz.web and Socios.com, a serious trade tandem specializing in blockchain-based fan tokens, are rolling out their Visa debit card. The Socios.com Visa debit card permits world followers to “be greater than a fan”.
Binance CEO called DeFi one of the most innovative spaces in the FinTech market, however, added that it is relatively a very new sector and investors should weigh the risks as many DeFi projects are likely to fail.
China is set to expand its digital yuan testing to Beijing, Tianjin, and other acclaimed prosperous provinces in the country. No timeline has been set for this move.
Though South Korea is not a leading country in the crypto world, now it is moving fast to adopt crypto and blockchain technology to solve most of social challenges.
Ripple is keeping its longstanding dream of becoming the Amazon of the cryptocurrency world in 5 years to come. The firm is positive it will achieve this thanks to its unique products which can find uses in both government and privately-owned companies.
Facebook’s new Financial product division will aim to consolidate in-app payments and transactions, as well as Facebook’s other financial products, under one umbrella.
Swiss banking giant IBIS Management Associates Inc has announced its integration with RippleNet. Now the users will be able to have access to both SWIFT and RippleNet on the same platform.
The state-owned Sberbank’s stablecoin will be functional on its native blockchain built using the Hyperledger Fabric infrastructure. This blockchain will facilitate trade finance transactions involving the exchanging letters of credit.
In Q2 2020, over 28 mega deals took place with each valued at over $100 million a majority of them happening only in June. The massive growth of the e-commerce industry has also helped FinTech startups in the way.
The funding round which involved several institutional investors brought to Electric Capital $110 million.
Tap Global is authorized and regulated by the Gibraltar Financial Services Commission and insured up to €100 million USD by Lloyd’s of London.
Basler Kantonalbank is working on introducing cryptocurrency-related services that are set to be a new thing in the crypto space.
The experts believe that blockchain technology has a promising future and it may be integrated into a lot of industries. TimeCoinProtocol is designed to enable the creation of decentralized sharing economy apps.