FinTech News

Ripple, based in San Francisco, has launched a crypto custody service for banks and fintech firms, coinciding with increased Federal Reserve scrutiny on traditional banks offering crypto custodial solutions.

WisdomTree has unveiled a feature enabling users of its Visa debit card to make purchases directly from its tokenized money market fund, the WisdomTree Government Money Market Digital Fund (WTGXX).

In a move to bolster user trust amid rising skepticism towards centralized financial systems, Wirex has rolled out Wirex Pay, a modular blockchain tailored for seamless payment transactions.

Mastercard is set to launch a groundbreaking initiative in South Africa, making it the first nation to benefit from the company’s latest advancements.

PayPal recently marked a significant development in the adoption of digital currencies by completing its first business transaction using its stablecoin, PYUSD.

Visa has introduced the Tokenised Asset Platform (VTAP), allowing financial institutions to create and manage fiat-backed tokens, including stablecoins and tokenized deposits.

Financial institutions in North America, Europe, and Asia are preparing to take part in upcoming digital asset trials orchestrated by SWIFT.