FinTech News

The world of FinTech – blockchain, artificial intelligence, cloud computing, crowdfunding, big data, biometrics and much more: everything you need to know about the FinTech space in one place.

Revolut Secures UK Trading License to Expand Investment Services

Revolut has transitioned from operating as an Appointed Representative to becoming an authorized investment firm in the UK, securing its own independent trading license.

19.11.2024 21:00 1 min. read Alexander Stefanov

Societe Generale Expands Stablecoin to XRP Ledger for Faster Cross-Border Payments

Societe Generale’s crypto-focused subsidiary, SG-FORGE, has revealed plans to integrate its EUR CoinVertible (EURCV) stablecoin with the XRP Ledger (XRPL).

15.11.2024 22:00 2 min. read Kosta Gushterov

MoonPay Unveils New Payment Solution to Bridge Fiat and DeFi

MoonPay has introduced MoonPay Balance, a new payment solution designed to enable users to store and spend fiat balances while also providing a seamless entry point into decentralized finance (DeFi).

14.11.2024 13:00 1 min. read Alexander Stefanov

Revolut Expands Crypto Exchange to 30 New Countries

Revolut has expanded its dedicated crypto exchange, Revolut X, to 30 new countries across the European Economic Area (EEA).

13.11.2024 16:00 1 min. read Kosta Gushterov

Germany’s Central Bank Joins Global Push for Tokenized Finance

Germany’s central bank, Deutsche Bundesbank, has joined Singapore’s Project Guardian, a global initiative by the Monetary Authority of Singapore (MAS) aimed at modernizing financial markets through asset tokenization.

10.11.2024 11:00 1 min. read Alexander Stefanov

Norway Backs EU Crypto Regulations While Exploring Potential CBDC

Norway’s central bank, Norges Bank, has backed the EU’s Markets in Crypto-Assets Regulation (MiCA) as it considers a central bank digital currency (CBDC).

10.11.2024 13:00 1 min. read Alexander Stefanov

BRICS: BIS Distances Itself from Cross-Border Digital Currency Initiative

The Bank for International Settlements (BIS) recently announced it is stepping back from its involvement in Project mBridge, a cross-border central bank digital currency (CBDC) initiative it has supported since 2021.

01.11.2024 13:30 1 min. read Kosta Gushterov

Visa and Coinbase Team Up for Instant Crypto Transactions

Visa has partnered with Coinbase to enable eligible debit card users to instantly deposit and withdraw funds on the exchange.

30.10.2024 19:00 1 min. read Kosta Gushterov

EU Governments Challenge ECB’s Authority Over Digital Euro Control

A power struggle has emerged between European Union governments and the European Central Bank (ECB) regarding control of the digital euro.

29.10.2024 20:00 1 min. read Alexander Stefanov

Canadians Are Not Ready for a Digital Dollar Initiative

Canadians appear hesitant about fully embracing the Bank of Canada’s (BOC) digital dollar initiative, despite some interest in the concept.

29.10.2024 19:00 2 min. read Alexander Zdravkov

Western Union Expands Digital Services with New Mobile Wallet Acquisition

In a significant move, Western Union has announced its acquisition of the mobile wallet service Dash from the Singaporean telecommunications company Singtel, although the financial details of the transaction remain undisclosed.

26.10.2024 14:00 1 min. read Kosta Gushterov

Mastercard Expands Reach, Enabling Swift Card Program Rollouts for Fintechs

Mastercard is introducing an innovative platform called Product Express, designed to streamline the process for fintech companies in selecting and launching card programs.

25.10.2024 21:00 1 min. read Kosta Gushterov

Norway’s Central Bank Set to Decide on CBDC Implementation Next Year

Next year, Norges Bank, Norway’s central bank, will decide on the potential establishment of its own central bank digital currency (CBDC).

25.10.2024 13:30 1 min. read Alexander Zdravkov

New Service to Enable Instant Cross-Currency Payments in Europe

A new service is set to enable instant payments between different Tips currencies and central bank currencies.

25.10.2024 13:00 1 min. read Alexander Stefanov

Ripple and IBM Team Up with Turkish Bank to Boost Crypto Trading

Turkish banking leader Garanti BBVA Kripto has announced a collaboration with Ripple Inc. and IBM to enhance its crypto trading and custodial services.

24.10.2024 8:30 1 min. read Kosta Gushterov

Avalanche Unveils New Visa Card for Seamless Crypto Spending

Avalanche is introducing the Avalanche Card, a new way for users to effortlessly spend their cryptocurrency.

22.10.2024 16:00 1 min. read Alexander Stefanov

Historic $1.1B Deal Marks the Largest Acquisition in Crypto History

In a groundbreaking move that marks the largest acquisition in the history of the cryptocurrency industry, one fintech giant has made waves by securing a major stablecoin platform in a $1.1 billion deal.

21.10.2024 9:00 1 min. read Kosta Gushterov

Singapore’s Biggest Bank Introduces Blockchain-Based Payment Services

In a significant step for the digital finance sector, Singapore’s largest bank, DBS, has launched blockchain-based banking services aimed at institutional clients.

18.10.2024 17:30 1 min. read Alexander Zdravkov

MoonPay Expands Payment Options with Venmo Integration for Crypto Purchases

MoonPay has introduced a new payment option for U.S. customers by adding Venmo as a way to fund accounts, making it easier to purchase cryptocurrencies.

18.10.2024 15:30 1 min. read Alexander Zdravkov

Stripe Eyes New Acquisition to Strengthen Stablecoin Payments

Stripe is exploring a potential acquisition of Bridge, a stablecoin payment platform, as it aims to strengthen its foothold in the stablecoin market.

17.10.2024 18:30 1 min. read Alexander Zdravkov

MoonPay Partners with Ripple to Simplify XRP Transactions

MoonPay, a cryptocurrency payment processor, has teamed up with Ripple to enhance service offerings.

17.10.2024 14:00 1 min. read Alexander Stefanov

Top Thai Bank Launches 24/7 Stablecoin Remittance Services

Siam Commercial Bank (SCB), Thailand’s oldest bank, is set to launch stablecoin-based cross-border payment and remittance services in partnership with fintech company Lightnet.

17.10.2024 13:30 1 min. read Alexander Stefanov

Mastercard and Stellar Join Forces to Enhance Crypto Transactions

The Stellar Development Foundation has partnered with Mastercard to improve remittances and peer-to-peer transactions on the Stellar network.

16.10.2024 15:35 1 min. read Alexander Stefanov

Paxos Partners with Stripe to Revolutionize Stablecoin Payments

Paxos is taking strides to increase stablecoin use in the payment sector with a robust new platform aimed at payment service providers (PSPs) and fintech companies.

15.10.2024 21:00 2 min. read Alexander Zdravkov

CBDC: China’s Digital Yuan Sees Major Adoption

The People’s Bank of China (PBOC) has revealed that the digital yuan, its central bank digital currency (CBDC), has seen impressive growth, with 180 million individual wallets created by the end of July.

12.10.2024 13:00 2 min. read Kosta Gushterov

Stripe Reintroduces USDC Payments for U.S. Merchants

Stripe has reintroduced cryptocurrency payments for U.S. merchants, allowing them to accept USDC through Ethereum, Solana, and Polygon.

10.10.2024 21:30 1 min. read Alexander Stefanov

Ripple Launches Custody Service to Compete in Growing Crypto Market

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.

10.10.2024 21:00 1 min. read Alexander Zdravkov

WisdomTree Unveils Direct Spending from Tokenized Fund with Visa Card

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).

10.10.2024 13:30 1 min. read Alexander Stefanov

WireX Launches New Solution for Non-Custodial Crypto Transactions

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.

10.10.2024 12:00 1 min. read Alexander Stefanov

Mastercard Unveils Real-Time Payment Initiative in South Africa

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

09.10.2024 19:30 1 min. read Alexander Stefanov

PayPal Completes First Corporate Payment Using Stablecoin

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

08.10.2024 8:30 1 min. read Alexander Zdravkov

Visa Unveils New Tokenised Asset Platform for Banks

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

04.10.2024 18:30 1 min. read Alexander Stefanov

SWIFT Set to Launch Digital Asset Trials in 2025

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

04.10.2024 12:00 1 min. read Alexander Zdravkov

PayPal Sets Sights on Cryptocurrency for Future Commerce and Payments

The CEO of PayPal has revealed that the company is actively exploring the role of cryptocurrency in shaping the future of commerce and payment processing.

03.10.2024 16:00 1 min. read Alexander Stefanov

Société Générale Launches New Euro-Pegged Stablecoin on Solana

SG Forge, part of Société Générale, revealed on Friday its plans to launch the EUR CoinVertible (EURCV), a euro-pegged stablecoin, on the Solana blockchain.

23.09.2024 15:38 1 min. read Kosta Gushterov

Chainlink Co-Founder Predicts Tokenized Assets Will Soon Outvalue Cryptocurrencies

Chainlink co-founder Sergey Nazarov predicts that tokenized real-world assets (RWAs) will soon surpass cryptocurrencies in value.

20.09.2024 22:00 2 min. read Alexander Stefanov

Circle Introduces Instant USDC Bank Transfers in Two Countries

Circle has announced that it will now support local bank transfers for USDC in Mexico and Brazil, using the countries’ real-time payment systems PIX and SPEI.

19.09.2024 14:00 1 min. read Alexander Stefanov

Australia Shifts Focus to Wholesale CBDC, Leaving Retail Options Behind

Australia’s central bank has decided to prioritize the development of a wholesale central bank digital currency (CBDC) over a retail version.

19.09.2024 14:30 1 min. read Alexander Stefanov

Revolut to Launch Its Own Stablecoin as It Expands Crypto Services

Fintech giant Revolut is planning to launch its own stablecoin. Sources indicate that Revolut, which recently secured a U.K. banking license and was valued at $45 billion earlier this year, is progressing well with this initiative.

18.09.2024 16:00 1 min. read Alexander Stefanov

CEX.io Announces New Partnerships for Enhanced Crypto-to-Cash Services

CEX.io, a centralized cryptocurrency exchange, has unveiled a new integration with financial services firm MoneyGram and the Stellar blockchain.

18.09.2024 17:00 1 min. read Alexander Stefanov

Visa Expands Crypto Payments Network with New Partnership

Visa is expanding its crypto payment capabilities through a new partnership with Singapore’s dtcpay.

18.09.2024 15:30 1 min. read Alexander Zdravkov

Brazil’s CBDC Project Advances with New Pilot Phase and Major Partnerships

The Central Bank of Brazil has been developing its digital real project over the past several years.

10.09.2024 10:30 1 min. read Alexander Stefanov

Why Crypto Micropayments Are Essential for AI’s Financial Future

As artificial intelligence continues to evolve, analysts at Bernstein emphasize that integrating cryptocurrency micropayments is crucial to avoid financial limitations in the AI sector.

07.09.2024 10:00 1 min. read Alexander Stefanov

Mastercard Introduces New Crypto Debit Card for European Users

Mastercard has partnered with Mercuryo to launch a crypto debit card in euros that allows users to spend cryptocurrencies like Bitcoin from self-custody wallets at over 100 million merchants globally.

06.09.2024 11:30 1 min. read Alexander Stefanov

Revolut Expands Business Services and Enhances Accounting Integration

Since its inception in 2017, Revolut has onboarded 250,000 businesses, with 20,000 new entities joining each month.

05.09.2024 9:00 1 min. read Alexander Stefanov

Bybit Launches Crypto Cards in Brazil and the Netherlands

Bybit, one of the world’s largest cryptocurrency exchanges by trading volume, is expanding its presence by launching crypto maps in Brazil and the Netherlands.

04.09.2024 13:30 1 min. read Alexander Stefanov

Ripple Plans to Introduce Smart Contracts on XRP Ledger Next Year

Ripple has announced plans to enhance the programmability of the XRP Ledger by introducing smart contracts next year.

03.09.2024 15:30 1 min. read Alexander Stefanov

Coinbase Enables First AI-to-AI Crypto Transaction

Coinbase CEO Brian Armstrong announced a groundbreaking achievement in merging artificial intelligence with cryptocurrency.

31.08.2024 21:00 1 min. read Alexander Stefanov

Mastercard to Replace Credit Card Numbers with Tokenization Technology

Mastercard is planning to phase out traditional credit card numbers in favor of tokenization technology as a means to enhance data security and minimize the risk of information leaks.

01.09.2024 8:00 1 min. read Alexander Stefanov

Hong Kong Launches Central Bank Digital Currency Initiative for Tokenisation in Finance

Hong Kong is advancing the integration of tokenisation into traditional finance with the introduction of a new initiative for the Ensemble project – the Central Bank Wholesale Digital Currency (CBDC).

30.08.2024 12:00 1 min. read Alexander Stefanov

India’s Central Bank Proposes New System to Simplify Global Payments

The Reserve Bank of India (RBI) has proposed creating a versatile system for international payments to enhance global interoperability.

28.08.2024 18:00 1 min. read Alexander Stefanov

Future of Crypto Payments Remains Bright, Says Brian Armstrong

Brian Armstrong, CEO of Coinbase, remains optimistic about the future of cryptocurrency payments, believing they will become mainstream within this decade.

27.08.2024 18:00 1 min. read Alexander Stefanov

Coinbase to Facilitate Euro and Euro-Pegged Stablecoin Conversions

Starting August 28, Coinbase will offer conversions between the euro and the EURC stablecoin at a 1:1 ratio in selected regions.

22.08.2024 16:30 1 min. read Alexander Stefanov

Blockchain Company Launches Platform for Autonomous AI Payments Using Stablecoins

Blockchain innovation company Skyfire has unveiled a new payment platform that enables artificial intelligence (AI) agents to make financial transactions autonomously.

22.08.2024 12:30 1 min. read Alexander Stefanov

This U.S. State Could Launch its Own Stablecoin in the Beginning of 2025

Wyoming Governor Mark Gordon recently addressed the Wyoming Blockchain Symposium, highlighting the state’s commitment to blockchain technology and unveiling plans for a state-backed stablecoin slated for release in 2025.

22.08.2024 11:30 2 min. read Alexander Stefanov

Latin E-Commerce Giant Launches New US Dollar-Pegged Stablecoin

Mercado Libre, the leading e-commerce giant in Latin America, has introduced a new US dollar-pegged stablecoin through its digital banking service, Mercado Pago.

22.08.2024 10:30 1 min. read Alexander Stefanov

UAE to Launch New Digital Asset Management Platform

The National Bank of Ras Al Khaimah (RAKBANK) has joined forces with Bitpanda Technology Solutions to launch a new digital asset management platform for UAE residents.

19.08.2024 22:00 1 min. read Alexander Stefanov

BRICS Poised to Disrupt Global Finance with New US Dollar-Free Payments System

Central banks and finance ministries within the BRICS nations are exploring the development of a new payments system aimed at bypassing the US dollar, according to recent reports.

19.08.2024 15:00 1 min. read Alexander Stefanov

Circle to Introduce USDC ‘Tap-and-Go’ Payments on iPhones

The integration of cryptocurrency with traditional technology is advancing rapidly, with Circle, the fintech company behind the USDC stablecoin, leading the charge.

17.08.2024 13:00 2 min. read Alexander Stefanov

Fintech Company Secures $30M to Expand Financial Services to a Million SMEs

In the rapidly evolving world of financial technology, digital platforms are reshaping how businesses and professionals interact with financial services.

15.08.2024 22:00 1 min. read Alexander Stefanov