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.

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.

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.

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

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.

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

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.

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

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

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

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

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.

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

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.

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

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

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.

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).

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

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

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

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

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.

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.

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.

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.

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

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

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.