FinTech

Wifi Sharing Platform Wicrypt Gets Government Grant in Nigeria

A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive a grant worth 2 million naira to finance its project. Also read: Skrill Now...
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When Will Fintech Firm Venmo and PNC Bank Settle their Scuffle

Customers of Pittsburgh, Pennsylvania based bank holding company and financial services corporation PNC are having a tough time. But why? It has become exceedingly difficult to connect bank accounts to popular payments app Venmo.  PNC Bank and Venmo are at War With Each Other As reported by the Wall Street Journal, a few hours ago,...
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Sweden Joins China and Others in Central Bank Crypto Race

It seems that not a day goes by without another central bank jumping on the crypto train. Yesterday it was South Korea, today it is Sweden as plans to roll out the crypto krona gather pace. e-Krona Pilot Partnership Sweden’s central bank is poised to sign a deal with multinational professional services company Accenture to...
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German Fintechs Rush to Offer Crypto Custody Services Under New Law

Fintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established a subsidiary that will focus exclusively on the niche. The new entity and another German startup,...
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Africa’s First Stablecoin is Built on Binance Chain

Africa’s first stablecoin, the Africa Stable-Coin(ABCD) is backed by Nigeria’s national currency, the Naira. Also, the fiat-backed crypto is built on Binance’s native blockchain, the Binance Chain.  The crypto momentum in Africa doesn’t seem to die down. Budding startups are leveraging blockchain and decentralized ledger technology to create novel applications that will change the future...
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World’s First Collectible Crypto Coin to be Issued in 2020

In an effort to further establish itself as an emerging fintech and crypto hub Lithuania will be issuing the world’s first collectible crypto coins. The commemorative issue coin is dedicated to the 1918 Act of Independence and will feature its 20 signatories. Crypto-Friendly Lithuania The Bank of Lithuania is expected to issue these world-first digital...
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What is Ripple? How is XRP Related to Ripple?

Ripple is a financial settlement protocol to facilitate near-instant monetary transfers between two parties.  It is a product of the San-Francisco based fintech company Ripple Labs. Chris Larsen and Stellar founder Jed McCaleb created Ripple to connect banks, payment providers, cryptocurrency exchanges for real-time, cost-effective, global money transfers.  What is XRP [embedded content] The protocol’s...
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Crypto Banks Gain Regulatory Recognition Across the Globe

Traditional financial institutions are still leery about decentralized cryptocurrencies. They are only starting to explore the potential of digital assets. But a new breed of banks specializing in crypto have been working hard to take advantage of this trend and are gaining regulatory recognition around the world. Also read: How to Start With Bitcoin at...
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Mastercard Announces ‘Fintech Express’ In Asia-Pacific Region

Mastercard proudly announced its new ‘FinTech Express’ platform at the Singapore FinTech Festival. In an interview with Bloomberg, Mastercard Asia Pacific Co-President, Ari Sarker discussed the platform, and also gave some insight into Mastercard’s withdrawal from the Libra Association. Doesn’t Quite Live Up To The Billing Sarker’s portrayal of the initiative was of expanding Mastercard’s...
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Novogratz: America Will Be Left Behind Without Transition to Crypto

It is clear to see that momentum in the crypto industry is all coming from China at the moment. While the US is still fumbling with regulatory uncertainty, the red dragon is forging ahead with its own crypto and blockchain plans for a digital future.Get Into Crypto or Lose OutThe US is in danger of...
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XFers And Zilliqa Partner To Jointly Launch StratisX Stablecoin

Right after the cryptonews showed that Bitcoin, Ether and XRP are gaining a nice momentum, the total cryptocurrency market retraced below $250 million in a move that now shows a lot of bearish signs below its resistance area. The biggest losers affecting for the total market cap decrease today are XRP, ADA, EOS and BSV.We...
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Elon Musk SpaceX IEO Appears On Suspicious LAToken Exchange

Increasingly questionable cryptocurrency exchange, LAToken, is currently listing an IEO purportedly run by Elon Musk for SpaceX. Although this would be many a tech-fan’s dream, closer inspection reveals that this is completely false. No, Elon Musk Is Not Launching A SpaceX IEO The offending Initial Exchange Offering was highlighted in a tweet by Cointelligence CEO, On...
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Revolut Partners With Mastercard for Debit Card Issuance in the U.S.

Mastercard and Revolut have formed a new agreement that will saddle Mastercard with the responsibility of operating all of Revolut’s U.S. debit cards as it prepares to launch in the US. Revolut Ltd, the financial technology and financial institution based in London, has entered an official partnership with Mastercard which will see the card giant...
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TransferWise Gets Operating License in the UAE, Set to Start Operations in 2020

Money transfer fintech startup TransferWise has obtained an operating license in the United Arab Emirates and is set to begin operations next year. Premier money transfer startup TransferWise is set to begin operations in 2020 after obtaining a an operating license in the United Arab Emirates. Local sources in the Emirates report that the fintech...
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US Senator Defends Libra Saying The Country Is Behind In Crypto and Fintech

The Libra Association is in the latest cryptocurrencies news again, this time for holding an inaugural meeting and forming a board based on the meeting’s objective. The location this time was Geneva, Switzerland, where the Libra Association and the entire consortium reaffirmed the interest in creating a payments-oriented stablecoin which would be balanced by a...
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Senator Defends Libra: Says U.S. Is Behind in Crypto & Fintech Game

Cryptocurrency has long flown under the radar of governments. For nearly all of the past decade, a majority of politicians in office, especially those in the western world, have opted not to talk about the subject matter. But this changed with the launch of Libra, Facebook’s crypto and blockchain project that has no graced the...
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Investors Commit Staggering $735m into Singapore Fintech Deals

The fintech industry is booming as shown by investors in Singapore who poured a record $735 million into financial-technology deals representing a 69% surge from the prior-year period that had $435 million. The financial technology industry is booming and many investors have noticed that. In that context, investment in fintech ventures in Singapore rose rapidly....
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Ethereum Is No Longer a Monopoly Platform for Stablecoins

Ethereum-based stablecoins are declining as teams increasingly use other blockchains to facilitate price-stable currencies. Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion of the cryptocurrency industry. Market players tended to base their money-making strategies on a cryptocurrency’s volatility rather than its stability. There...
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Samsung Joins Forces with Ripple’s Partner Finablr to Introduce International Payments

Samsung has officially announced that it will collaborate with the Finably fintech firm, a Ripple’s partner, to launch an international money transfer service on the Samsung Pay app targeting US users. Samsung Electronics America has officially announced that it will collaborate with the fintech firm, Finablr. The partnership aims to launch an international money transfer...
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Southeast Asia Set to Dominate Global Fintech Market to Serve Unbanked Population

The need for fintech solutions is very present in Southeast Asia as many are still without access to financial services. However, at the current rate of growth, there’s a good chance the region will outshine others, in the sector. All over the world, financial technology is one of the most potent and growing industries, with...
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Blockchain Act: Liechtenstein Becomes First Nation to Launch Comprehensive Crypto Regulations

Liechtenstein’s parliament unanimously approved the Act on Tokens and Entities Providing Services Based on Trusted Technologies (TVTG), also referred to as the Blockchain Act. The nation’s parliament passed the Act on October 3. According to local reports, the new law aims to enhance investor protection, prevent money laundering, and establish regulatory clarity. The Act will...
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Broadridge Adds Cryptos and Exchange-Traded Derivatives to Its Portfolio

Photo: Broadridge / LinkedIn Broadridge Financial Solutions, a United States-based corporate services company said on Tuesday they are ready to add cryptocurrencies and exchange-traded derivatives capabilities to their offerings. With the acquisition of Shadow Financial Systems, Inc., this service provider that is a famous supplier for public companies that provides them with proxy statements, annual...
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Online Challenger Bank ‘Bunq’ Has Now Expanded Throughout the EU

Photo: bunq / Medium Bunq, a fintech startup mobile bank that provides accounts and other financial services, will be spreading its services to another 22 regions, pushing the number of countries it operates in, all the way to 30. The company, based in Amsterdam, will also be supporting both Apple Pay and Google Pay for...
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Tencent Acquires Almost a Third of Computer Games Developer Funcom

Tencent has agreed to acquire all the shares belonging to the Norway-based KGJ Capital AS, which is currently the largest shareholder in Funcom. Chinese social media and gaming company Tencent Holding Ltd. took a 29% stake in computer games maker Funcom.With this step, Tencent became Funcom’s largest shareholder and the shares it bought were from...
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Revolut Seeks 3,500 Staff in Push for VISA Partnership Expansion

The Revolut fintech app is on an expansion drive, adding 3,500 people to its staff in a bid to outcompete VISA. The challenger bank is also a crypto-friendly app allowing exchanges to a wider audience. Revolut Expands to US, Brazil, Japan in 2020 Revolut expands to both developed and developing markets, recently upping its social...
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Ripple Makes Inroads into Europe by Making Yet Another Acquisition

Ripple Labs Inc has made a little-known but significant acquisition – Iceland-based of Algrim, which is a cryptocurrency trading firm with small but mighty talent pool. Ripple Labs Inc, the owners, and developers of XRP, has just acquired Algrim, a crypto trading firm which has quite a bit of talent despite its small number of...
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Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, and...
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Chinese Fintech Stock is Rising in Anticipation of PBoC’s Digital Currency

China’s fintech stocks are starting to soar ahead of the expected launch if its CBDC. This is driven by the possibility that the digital currency will provide a need for security and payment services. While Facebook is trying to do everything it possibly can to ensure proper regulatory approval before the Libra is launched next...
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SEC’s ‘Crypto Mom’ Hester Peirce Believes Digital Assets Could Be the ‘Money of Internet’

SEC’s Hester Peirce stated that cryptocurrencies prove to be important “transaction mechanisms” and their “store of value” is an important function of the digital assets. SEC Commissioner Hester Peirce, also popular as ‘crypto mom’ for her crypto-friendly news, once again spoke in favor of digital assets during the recent cryptocurrency compliance Dacom summit in New...
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SoFi Introduces Crypto Trading for Bitcoin, Ethereum, Litecoin

California-based financial firm SoFi has added BTC, ETH and LTC trading to its platform SoFi Invest. Crypto trading on SoFi Invest joins the list of previously introduced trading of stocks and exchange-traded funds. California based financial company SoFi announced it added crypto trading to its fast-growing SoFi Invest platform and that the live trading will...
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