Among the 10 biggest fintech companies in the U.S. in 2020, there are three firms that focus on crypto-related activity. They are Ripple, Coinbase and Robinhood.
German-based mobile banking giant N26 last week left its customers really angry and dejected after it announced that it would be leaving the United Kingdom due to Brexit.
Vitalik Buterin is enthusiastic about the world of decentralized finance, largely built on Ethereum. Moreover, he believes in the absolute success of Ethereum 2.0.
Ripple-backed MoneyGram has announced that the new service called FastSend, that was created to allow customers to send money directly to the phone numbers of recipients, will be based on Visa and not on RippleNet or XRP.
After tweeting about a problem with PayPal and SquareCash, the CEO of Coinbase Brian Armstrong has been offered a solution by Ripple-backed Moneygram.
In its new publication, Ripple has pointed out the major problems with remittance in the APAC region and explained how it can solve these problems.
Ripple-backed MoneyGram launched a new service called FastSend to help customers to send money directly to the phone numbers of recipients. Meanwhile, Ripple has entered into a partnership with the National Bank of Egypt.
German fintech bank N26 has told customers that it’s pulling out of the UK because it won’t have a license to operate there after Brexit. The company said it will close down all UK accounts on April 15 and is advising customers to transfer their funds to alternative bank accounts.
ePayments Systems Ltd had to suspend online payment operations after the Financial Conduct Authority (FCA) order due to AML concerns.
Monzo CEO Tom Blomfield believes that big traditional banks are killing the changes that ambitious companies are trying to bring to the fintech industry.
DeFi not only attracts major talent and interest but also large sums of money in the form of digital assets. The number of companies in this sphere is constantly growing but let’s look at the most prominent of them.
CEO Lightning Labs Elizabeth Stark announced that the company has raised $10 million to further develop their project and scale the developer ecosystem. The tech company also launched its flagship product Beta Loop after a series of testing.
Having moved its operations to Dublin due to Brexit issues, Europe’s popular fintech startup is planning to join Monzo and N26 in the competitive U.S. market. In the U.S., Revolut will specifically target exchange students and business travelers.
Visa has announced some updates for merchants. Transactions on e-commerce sites will have higher rates, while retailers in certain services categories, such as real estate and education, will see fees decline.
Just recently BitMEX has launched XRPUSD swaps. At the very beginning Ripple’s XRP price hasn’t reacted, staying stable. However, now XRP seems to be climbing up.