Qatar Central Bank launches first phase of CBDC project
[Jun 3, 2024 11:39 AM] The small country on the Arabian Peninsula sees CBDC as part of its national development strategy.
4 / 8 Relevant items tagged with #Fintech
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Mastercard's crypto credentials P2P pilot program goes live
[May 29, 2024 1:06 PM] The credit card company hopes to streamline transactions and limit user error through an alias credentialing system.
Former Consensys employee launches new stablecoin amid regulatory uncertainty
[May 29, 2024 12:45 PM] Former Consensys employee Jack Jia, co-founder of Stable.com, launches new stablecoin USD3 amid regulatory uncertainty and shifting stablecoin narratives.
Bank of Israel Launches Digital Shekel Challenge
[May 28, 2024 10:21 PM] The Bank of Israel has announced the Digital Shekel Challenge, inviting various entities — private companies, public sector organizations, and academic institutions — to participate in the digital shekel’s experimental environment. The…
BoE regulatory 'culture shift' could open door to new tech
[May 22, 2024 6:20 AM] The Bank of England's proactive regulatory shift aims to integrate emerging technologies, highlighted by the introduction of the Digital Securities Sandbox.
Block Subsidiary, TBD, Partners With Chipper Cash for Quicker, More Affordable Remittances
[May 16, 2024 8:49 PM] TBD, a subsidiary of Block, owned by Jack Dorsey, has formed a partnership with Chipper Cash, an Africa-focused fintech company. This partnership aims to expedite consumer remittances and make them more affordable. According to a statement, Chipper…
‘We’re just scratching the surface’ of crypto and AI — Microsoft exec
[May 16, 2024 7:42 AM] The symbiotic relationship between AI and crypto is still in its nascent stages, according to tech execs.
Egyptian Fintech Startup Secures $3.5M in Seed Funding Round
[May 15, 2024 11:28 PM] The Egyptian fintech startup Mnzl plans to enhance its lending technology and expand its operations using the $3.5 million raised in a seed funding round. Co-founder Sameh Saleh said the startup seeks to empower families by providing financial…
Mastercard, Standard Chartered test tokenized deposit transaction
[May 15, 2024 1:57 PM] Mastercard’s Multi-Token Network enabled an atomic swap of a tokenized carbon credit for cash in a bank account.
Israeli fintech Kima, Mastercard lab look to develop ‘DeFi credit card’
[May 14, 2024 11:38 AM] Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.
Lightning Labs CEO Elizabeth Stark States Stablecoins Are Coming to the Lightning Network
[May 13, 2024 9:42 AM] Elizabeth Stark, CEO of Lightning Labs, stated that tokenized assets, such as stablecoins, are next to appear on top of the lightning network (LN), Bitcoin’s layer two scaling protocol. Stark highlighted the transformative possibilities of…
South African Fintech Startup Leseka Tech Signs Deal to Buy Payments Provider for $86M
[May 11, 2024 7:44 PM] Lesaka Technologies, a fintech startup based in South Africa, recently signed a deal to acquire Adumo, a payment solutions provider, for nearly $86 million. Under the terms of the agreement, Lesaka Technologies will pay Adumo $12.5 million in cash…
Macquarie Bank to Go Cashless as the Banking Sector Shifts to Digital-Only in Australia
[May 9, 2024 2:20 AM] Macquarie Bank, one of the largest banks in Australia, will not allow its customers to deposit or withdraw cash or cheques from its office branches starting this month. The move comes as the bank goes cashless, and transitions to digital payments…
Revolut debuts dedicated crypto exchange for UK users
[May 7, 2024 3:05 AM] Revolut announced its new Revolut X crypto trading platform for U.K. retail users, which it claims will offer fixed low fees and easy fiat-to-crypto conversion.
Jack Dorsey’s Block to raise $1.5B in senior notes offering
[May 6, 2024 11:05 AM] Fitch Ratings notes that Block has used convertible debt for external funding since its IPO and is well-positioned to exploit the growth in payments and consumer financial services.
Nigerian fintechs crack down on crypto, users face account blocks
[May 3, 2024 2:43 AM] The Nigerian central bank’s attitude to crypto has been inconsistent in recent years, and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening.
Citi: Brazil Is at the Top of Digital Money Initiatives in Latam
[Apr 29, 2024 11:38 PM] A recent report by Citi, a global financial institution, has put Brazil at the top of the nations leading the digital money initiatives in Latin America. The report states that Brazil features a combination of factors that ease the adoption of…
Insights from Token2049: How crypto wealth is made
[Apr 26, 2024 11:21 AM] Attendees at Token 2049 in Dubai shared their personal stories on how they became rich.
Brazilian Neobank Nubank Introduces New Crypto Wallet Features for Bitcoin, Ether and Solana
[Apr 25, 2024 11:34 PM] Nubank, a Brazilian neobank, has introduced new features for its cryptocurrency customers. The Sao Paolo-based organization recently enabled deposits and withdrawals of bitcoin, ether, and solana in its cryptocurrency service, broadening the use…
Chainlink debuts new protocol aimed at boosting cross-chain interoperability
[Apr 24, 2024 10:00 AM] The Cross-Chain Interoperability Protocol will make cross-chain smart contracts more interoperable across nine blockchain networks.
BIS Boss Coins ‘Finternet’ Term, Touts Tokenization as Tool for Solving Today’s Financial System Shortcomings
SWIFT Plans to Launch CBDC Interconnection System in Next Two Years
[Mar 29, 2024 1:21 AM] SWIFT, the network that provides the messaging system for cross-border banking settlements, has announced plans to launch a CBDC equivalent of its current network in the next two years. The organization recently completed a 6-month test to assess…
Congolese Fintech Startups, Government Form Association to Accelerate Financial Inclusion
[Mar 24, 2024 11:30 PM] Democratic Republic of Congo (DRC)-based fintech startups have partnered with the government to launch an association. The goal of the collaboration is to accelerate financial inclusion in the African country. By partnering with the government, the…
Nigerian Startup, Zone, Raises $8.5M in Seed-Funding Round
[Mar 20, 2024 5:30 AM] Zone, a Nigerian payment fintech startup that leverages the blockchain, recently raised $8.5 million in a seed funding round. An undisclosed portion of the funds will be allocated to cover costs associated with the trial of Zone’s cross-border…
Nigerian Fintech Startup Chipper Cash Lays Off Employees in US, UK
[Mar 18, 2024 5:30 AM] The Nigerian fintech startup, Chipper Cash, recently abolished the roles of 20 workers based in the U.S. and U.K. The CEO Ham Serunjogi said this decision aligns with its goal of maintaining high operational efficiency and moves the startup closer…
Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative
Mogo Takes a Further Leap Into BTC, Eyes Long-Term Gains With $5M Bitcoin Reserve Investment
[Mar 7, 2024 2:00 PM] In a statement released on March 7, the Canadian fintech entity Mogo disclosed its strategy to diversify its portfolio by investing in bitcoin and bitcoin exchange-traded funds (ETFs), earmarking an initial outlay of as much as $5 million. Canadian…
Egyptian Fintech Startup Moneyhash Secures $4.5 Million in Seed Funding Round
[Mar 4, 2024 5:35 AM] Moneyhash, a digital payments fintech startup, recently secured $4.5 million in a seed funding round. The fintech startup said it will use the capital raised to enhance its technology and fund its regional expansion drive. The Impact of COVID on…
Indonesia’s Commodities Regulator Requests Finance Ministry to Review Crypto Taxes
[Mar 3, 2024 11:30 PM] The Indonesian Finance Ministry has been called upon to assess the implementation of cryptocurrency taxes by the nation’s Commodity Futures Trading Supervisory Agency. In the past few months, Indonesia’s revenue from crypto-based transactions has…
The Catch-22 of U.S. Crypto Regulation
[Mar 1, 2024 3:05 PM] The SEC is asking crypto and fintech firms to do the impossible. Only Congress can stop that.