Tagged: us

September 30, 2020 @ 7:40 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has introduced Cosmos (ATOM) staking rewards. The leading digital currency trading platform announced on September 29, 2020 that it will be allowing certain eligible customers to “easily start earning 5% APY” on their Cosmos (ATOM) held on Coinbase. The Coinbase… Read More

September 28, 2020 @ 8:12 am By Omar Faridi  |  

Brian Armstrong, CEO at Coinbase, a leading cryptocurrency exchange, has noted that there have been many challenging events in the world this year, including the COVID-19 pandemic, social unrest, west coast wildfires, and other really difficult situations. Armstrong wrote in a blog post that everyone… Read More

September 25, 2020 @ 4:30 pm By Samantha Hurst  |  

  Following the recent announcement that app-only banking service Chime raised $485 million through a Series F round, CEO of the company, Chris Britt, sat down to discuss the funding round, as well as Chime’s future plans. As previously reported, Chime is on a mission… Read More

September 24, 2020 @ 8:57 pm By Omar Faridi  |  

Michele Tucci, Chief Product Officer at CredoLab, a Fintech firm that’s focused on driving better credit decisions with the help of its platform, explains that his company has a strategy that may help US lenders with coming out of the COVID-19 pandemic “stronger than before.”… Read More

September 24, 2020 @ 5:08 pm By Omar Faridi  |  

Nav, an intelligent and easy-to-use financing platform for SMBs, revealed on September 22, 2020, that it has developed a more enhanced or improved solution. Nav noted in a release shared with CI that it has added real-time business data analysis and bank account connectivity. The… Read More

September 24, 2020 @ 8:26 am By Omar Faridi  |  

Brazil-based FitBank Pagamentos Eletronicos SA, a Fintech firm backed by JPMorgan Chase, one of the world’s largest banks in terms of assets and scope of operations, is planning to establish an additional business office in the US during the first half of next year. The… Read More

September 21, 2020 @ 8:05 pm By Omar Faridi  |  

US-based banking challenger Chime Financial Inc. is now valued at $14.5 billion, which is significantly more than Robinhood, another fast-growing Fintech Unicorn that recently reached a valuation of $11.2 billion after securing $200 million in additional funding last month. Chime has now become the most… Read More

September 21, 2020 @ 7:48 pm By Omar Faridi  |  

Zachary Perret, CEO at Plaid, a San Francisco-based Fintech firm, says that there have been significant changes in the digital financial services sector during the past 6 months. He confirms that there’s been a major shift in consumer behavior with more consumers preferring to use… Read More

September 21, 2020 @ 11:28 am By Omar Faridi  |  

Chainalysis, the leading blockchain analysis firm, has teamed up with the State of Wyoming’s Division of Banking, the banking regulator that’s tasked with the chartering and supervision of Wyoming state banks, trust companies, mortgage firms, money transmitters and other non-bank financial service providers. The State… Read More

September 19, 2020 @ 8:31 am By Omar Faridi  |  

The US division of the BBVA (NYSE:BBVA), a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, was recently recognized as one of the world’s best corporate and institutional digital banks in North America by Global Finance…. Read More

September 17, 2020 @ 11:43 pm By Omar Faridi  |  

Michael Tannenbaum, the chief financial officer at Brex, a Silicon Valley Fintech Unicorn, notes that many people today are working remotely. Tannenbaum, who’s also the chief business officer at Brex, says that we might be at risk in some ways of losing “the culture and… Read More

September 16, 2020 @ 8:05 pm By Omar Faridi  |  

The developers of Ocean Protocol, which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, will be creating a “bridge” between the Energy Web Decentralized Operating System (EW-DOS) and Ocean’s data marketplaces. As mentioned in a… Read More

September 15, 2020 @ 7:51 pm By Omar Faridi  |  

The online or digital lending sector has been criticized for its inability to scale effectively or to be able to endure challenging environments like those created due to COVID-19. However, it now appears that overall credit quality, through online lenders, has performed better than some… Read More

September 13, 2020 @ 9:05 pm By Omar Faridi  |  

The team at Stash, a US-based company that offers micro-investment options through a mobile app, claims that during the recent market volatility and economic instability (due to COVID-19), the Fintech service provider has continued to offer personalized advice and innovative tech to help guide +5M… Read More

September 13, 2020 @ 4:48 pm By Omar Faridi  |  

Marcus Treacher, the SVP of Customer Success at American Fintech Ripple, notes that the world’s cross-border payments market is highly fragmented. But he claims that international transactions are now being redefined by “the power of ISO standardization” and the innovative technology approach of RippleNet, which… Read More

September 11, 2020 @ 2:49 pm By Omar Faridi  |  

On September 14, 2020, Coinbase Pro users will have the option to transfer Loopring (LRC) tokens into their accounts ahead of trading. The exchange has confirmed that support for LRC tokens will be available in all of its supported jurisdictions, except New York State due… Read More

September 10, 2020 @ 2:58 pm By Omar Faridi  |  

Mexico’s Übank, the provider of an automated savings solution that allows consumers to save based on their lifestyle and everyday expenses, is planning to expand its operations into the US in 2021. Übank claims that it uses innovative savings strategies. Its app can “transform” daily… Read More

September 9, 2020 @ 9:51 am By Omar Faridi  |  

Sweden’s Buy Now, Pay Later firm Klarna is reportedly planning to secure $500 million in capital via an investment round which could double its valuation to around $10 billion, according to a recent report from Reuters (which cited sources familiar with the matter). Klarna had… Read More

September 5, 2020 @ 6:41 pm By Omar Faridi  |  

The global market for digital banking is expected to reach $22.3 billion within the next five years. It will be driven by the increasing number of Internet users who regularly use smartphones, mobile internet connections, and prefer to use platforms that offer convenient payment methods…. Read More

September 4, 2020 @ 7:05 pm By Omar Faridi  |  

On September 4, 2020, Coinbase Pro users will be able to transfer UMA cryptocurrency tokens into their accounts ahead of scheduled trading. Support for the UMA digital currency will be available in all of the digital asset exchange’s supported jurisdictions, however, New York State residents… Read More