Global

September 13, 2023 @ 9:18 am By Omar Faridi  |  

BitPay, which claims to be the world’s largest provider of Bitcoin and cryptocurrency payment services, announced it has rolled out PayPal USD (PYUSD) payments for merchants and consumers. Xsolla will be one of the first merchants “to accept PYUSD, enabling their customers to buy any… Read More

September 13, 2023 @ 9:14 am By Omar Faridi  |  

Qudian Inc. (NYSE: QD), a consumer-oriented technology company, announced its unaudited financial results for the quarter ended June 30, 2023. As noted by Qudian, the Second Quarter 2023 Financial Highlights are: Total revenues were RMB11.1 million (US$1.5 million), compared to RMB105.4 million for the same… Read More

September 13, 2023 @ 7:53 am By Omar Faridi  |  

EBANX, the payments platform connecting global companies with customers in rising digital markets, is pleased to announce the appointment of Melissa Cherrey Johnson as the new VP of Merchant Success – Americas and Europe. With her extensive experience in the payments industry and a deep… Read More

September 13, 2023 @ 7:51 am By Omar Faridi  |  

Form3 announces that Visa (NYSE:V) has invested in the cloud-native account-to-account platform, which will help Form3 continue its expansion. This funding is in parallel to news that Form3 will “provide Visa’s clients with access to their payments platform, to enable them to modernize their payments’… Read More

September 12, 2023 @ 9:47 pm By Omar Faridi  |  

Grocery retailers Matrebellerna and commerce software provider Focalpay announce a strategic partnership. Focalpay will roll out its commerce platform that “includes, among other features, payment, checkout and backoffice functionality, across 23 Matrebellerna stores in Sweden from September onwards.” Matrebellerna is a collective of independent grocery… Read More

September 12, 2023 @ 9:41 pm By Omar Faridi  |  

Safello, the crypto exchange in the Nordics, announces the integration of Apple Pay and Google Pay, “expanding its payment options and providing customers with a seamless and secure method to purchase cryptocurrencies.” Following Safello’s recent agreement with Worldpay, “enabling the processing of card payments for… Read More

September 12, 2023 @ 9:37 pm By Omar Faridi  |  

Rabobank is pleased to announce its collaboration with 2Tokens, ABN AMRO, and Assetblocks in their joint application for the European Blockchain Sandbox (EBS). Our use case has been accepted by the EU in the 1st Cohort 2023. They partnership aims to legally “explore the innovative… Read More

September 12, 2023 @ 7:39 pm By Omar Faridi  |  

Crypto exchange Bitget has introduced a $100 million fund in order to make strategic investments in exchanges, data analytics and other initiatives. As widely reported, Bitget’s EmpowerX Fund should support efforts related to expanding and further diversifying the crypto provider’s solutions.  The fund is expected… Read More

September 12, 2023 @ 6:47 pm By Omar Faridi  |  

Stablecoins are digital currencies which are pegged to major (and relatively stable) fiat currencies like the US dollar, Euro, the British pound (among others). Recently, the team at S&P Global provided a deep dive report into valuation and depegging of stablecoins. As explained in the… Read More

September 12, 2023 @ 1:50 pm By Omar Faridi  |  

Visa Inc. (NYSE:V), which claims to be world leader in digital payments, released the Fall 2023 edition of its Biannual Threats Report which “highlights emerging fraud schemes targeting the global economy.” This edition showcases “a significant rise of phishing schemes proliferated through generative AI tools,… Read More

September 12, 2023 @ 12:53 pm By JD Alois  |  

Financial research factor S&P Global Market Intelligence has distributed a report on Fintech, pointing at real time payments as an opportunity that is experiencing choppy adoption depending on the jurisdiction. S&P says that the rollout of FedNow, the US government’s effort to power instant payments… Read More

September 12, 2023 @ 10:32 am By Omar Faridi  |  

In response to the devastation caused by the recent earthquake in Morocco, Binance Charity will airdrop up to $3 million in BNB to Binance users “identified as living in the areas affected by the tragedy.” Identification of the users will be “based on Proof of… Read More

September 12, 2023 @ 10:00 am By Omar Faridi  |  

The Bitcoin (BTC) and broader digital assets market is experiencing increased volatility. Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), notes that Bitcoin (BTC) had “closed last week around $25,850, a 0.5% decrease in price from… Read More

September 12, 2023 @ 8:37 am By Omar Faridi  |  

The month of August has shown “promising growth” on Mintos. As noted in a blog post by Mintos, the total investments saw “a significant increase of €99.5 million worth of Notes funded, and interest earned by investors climbed to €4.3 million.” The average interest rate… Read More

September 11, 2023 @ 3:11 pm By JD Alois  |  

Fireblocks has announced its own non-custodial wallet. Fireblocks is best known for its institutional-grade digital asset securities services. The company says it is targeting Fintechs and corporate customers interested in Web3. The new white label “wallet as a service” complements its already operating custody solution…. Read More

September 11, 2023 @ 2:33 pm By Omar Faridi  |  

Recently, several reports covered an update from the WSJ regarding “credit card fees.” Unfortunately, the story is wrong, Mastercard (NYSE: MA) claims. According to Mastercard, the reporting relies upon a report “produced by an advisory firm advocating for legislation currently under consideration in Congress.” Mastercard… Read More

September 11, 2023 @ 11:55 am By Omar Faridi  |  

The FBI is issuing this update to caution the general public regarding the theft of approximately $41 million in virtual currency from Stake.com, an online casino and betting platform. The FBI has confirmed that this theft took place “on or about September 4, 2023, and… Read More

September 11, 2023 @ 10:08 am By JD Alois  |  

Tokenization platform Tokeny has achieved SOC2 Type I compliance, something the company describes as the initial step in its security and compliance strategy. Tokeny claims they are now the first tokenization platform in the world to earn this certification. Tokeny is a Luxembourg-based tokenization platform… Read More

September 11, 2023 @ 9:14 am By Omar Faridi  |  

No-code tools allow anyone to build apps and automate workflows using a visual interface—no coding or technical skills required, the team at Zapier noted in a recent update. According to Zapier, these tools experienced a dramatic rise “in adoption over the past few years due… Read More

September 11, 2023 @ 8:24 am By Omar Faridi  |  

Fineqia International, a digital asset and fintech investment business, announces that its analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral revealed a 51% growth in total Assets Under Management (AUM) in the year-to-date (YTD) period amid renewed interest by investors…. Read More