China continues to dominate the FinTech development with its three companies place in the top-ten. Alibaba’s payments wing Ant Financial tops the KPMG FinTech100 rankings.
A former PayPal executive has posted a letter on Twitter of Bank of America closing down his account. The ironic ban was not lost on his followers, however, who criticize PayPal for its own censorship practices.
Opay, which was founded by Opera, the web browser developer, just recently raised $120 million in series B round, which mainly was backed by Chinese investors, confirmed Opera’s CFO Frode Jacobsen.
Amidst all the regulatory chaos, Facebook advances the development of its native cryptocurrency project Libra. In the latest update, Libra developers said that the network is running for five months and growing strong.
Insolar, the leading enterprise blockchain solutions provider, announced that it has established a partnership with Cointelegraph’s newly-formed consulting division.
Compound Finance said that it will be using the new funds to further “decentralize” its automated protocol while expanding its services and making them accessible to ordinary people.
Popular for its digital banking services, Revolut is looking to expand its global footprint across the U.S., Japan and Singapore.
OneConnect, the fintech arm of China’s largest insurance company Ping An Insurance, has filed for an IPO with the SEC.
Google to enhance Google Pay by offering checking accounts through a partnership with Citigroup banking giant and Stanford Federal Credit Union in a project dubbed Cache.
Jeff Clavier backs Messari with $4 million from Uncork Capital, Coinbase’s Balaji Srinivasan and others are pledging too.
New French fintech startup incubator called The Garage will help out young people building their own blockchain startups.
The CEO and co-founder of BeeTech has announced that the company helps customers save millions of dollars via its payment remittance service, which is powered by Ripple.
Paxos Trust Company has introduced new solutions including Fiat Gateways and APIs. Binance will be the first to integrate this fiat solution.
The Facebook Pay will be a unified payment service available across all Facebook apps like Messenger, Instagram, and WhatsApp. This service will work independently from Facebook’s Calibra network and wallet.
Alibaba’s Ant Financial blockchain has been developed with an aim to provide support to small and medium-sized businesses.