FinTech News

Revolut, an online banking platform with a strong focus on cryptocurrency, has teamed up with the hardware wallet company Ledger to boost crypto transactions across several European Economic Area (EEA) nations.

The Open Network (TON) and Pyth Network have joined forces to enhance data accuracy for developers on the TON blockchain.

MetaMask, a leading self-custodial wallet for Ethereum, is debuting a new blockchain-based debit card in partnership with Mastercard and Baanx.

DBS Bank has teamed up with Ant International to introduce a new blockchain-driven treasury and liquidity management system.

IBM has introduced a new “Lightweight Engine” for its WatsonX.ai service, primarily targeting enterprise users.

Google and Amazon are set to collaborate with the Reserve Bank of India on the e-rupee, a digital form of India’s currency.

According to Goode Intelligence, global biometric payment transactions are projected to hit $5.8 trillion and involve three billion users by 2026.

FedNow, touted by the US Federal Reserve as a 24/7 instant payments solution and a potential “crypto killer,” has not had the expected impact on the cryptocurrency market.

Adaverse has published its first ‘State of Web3 in Saudi Arabia’ report, highlighting the country as a thriving hub for Web3 entrepreneurs, investors and talent around the world

Bank of Russia Governor Elvira Nabiullina has stated that Russia’s digital ruble is on track to become widely adopted within the next five to seven years.

The European Central Bank (ECB) is seeking expertise from the mobile technology sector to help develop an offline payment model for the digital euro.

The Bank of Ghana has wrapped up a pilot project demonstrating the use of digital credentials for international trade and CBDC-based cross-border transactions.

England’s central bank is set to launch a new series of tests involving distributed ledger technology (DLT) and wholesale central bank digital currencies (wCBDC).

At the Bitcoin 2024 convention in Nashville, Ledger launched its newest hardware wallet, Ledger Flex.

Ripple has successfully expanded its liquidity network to over 80 markets globally. By building innovative liquidity pathways, the fintech company aims to make cross-border payments faster, more affordable, and seamless.

Thailand’s Finance Minister, Pichai Chunhavajira, announced that a new digital wallet initiative will start on August 1, distributing 10,000 baht (around $280) to up to 45 million Thais.

COTI, along with 14 other fintech firms, has been selected to participate in the Bank of Israel’s Digital Shekel Challenge, which aims to explore the feasibility of a central bank digital currency (CBDC).

Swiss banks are stepping up with new real-time crypto payment solutions in response to the recent collapses of US crypto-friendly banks.

A startup specializing in financial tokenization is set to introduce several blockchain-based funds to the Solana network.

Ripple’s president has outlined the company’s ambitious goal to become the leading digital asset infrastructure provider for the financial sector.

Ripple, a significant player in crypto payments, has sold its stakes in Bitstamp and Tranglo. This move has been noted on Crunchbase, marking Ripple’s departure from these major investments.

Wirex, a leading Web3 financial app, has made headlines with its new partnership with Visa, a major player in global payment technology.

Apple has avoided significant European Commission fines by agreeing to open its NFC chip technology, crucial for iPhone contactless payments, to third-party providers.

Mastercard has integrated its account opening API with Alchemy Pay, enhancing security and risk control features for Alchemy Pay’s On & Off-ramp solutions, NFT Checkout, and Crypto Card Solution.

Israel’s central bank has postponed its plans to launch a CBDC until the European Union clarifies its stance on the digital Euro.

Argentina, known for its burgeoning crypto market, has embraced Bitcoin adoption with the launch of the ByBit card.

The Hong Kong Monetary Authority (HKMA) has embarked on a groundbreaking collaboration with the European Central Bank (ECB) to explore the digital euro project, marking its first participation outside the EU.

To accelerate the use of the central bank’s digital currency (CBDC), known as the “sand dollar”, The Bahamas has announced a two-year plan to integrate the currency into the operations of commercial banks.

Coinbase has partnered with Stripe to increase acceptance of digital assets and improve financial services.

Revolut is aiming to become Europe’s most expensive startup at $40 billion, according to the Financial Times.

The European Central Bank (ECB) has published its first progress report on the development of a central bank digital currency (CBDC).

The European Central Bank (ECB) has released its first progress report on the development of a Central Bank Digital Currency (CBDC), emphasizing robust privacy protections and operational innovations to modernize financial transactions.