#fintech

Visa Acquires Payment Startups: What Could It Mean for Crypto?

One of the high-profile deals in the financial market in January 2020 was the purchase of the Plaid fintech startup for $5.3 billion by the Visa payment system. 

Australian Government Unveils National Blockchain Roadmap

The Morrison Government has unveiled a national blockchain strategy and roadmap that potentially could make Australia one of the leaders in the fintech sector. The news was announced in a joint media release from two Australian ministries on March 18, Cointelegraph reports.

Anchor – Will The New Stablecoin Be an Ultimate Solution to Preserving Monetary Value?

While today’s global economic ecosystem is plagued by instability, market volatility and inflation, various financial institutions are coming up a with a solution generally known as stablecoins. Stablecoins are cryptocurrencies designed to minimize the volatility of the price, relative to some “stable” asset or basket of assets. A stablecoin can be pegged to a currency, […]

New FINMA FinTech License Will Allow Swiss Crypto Startups to Handle Up To $100 Million

The Swiss Financial Market Supervisory Authority (FINMA) has announced on Monday, December 3, that local blockchain and cryptocurrency startups can now apply for a new fintech license that would allow them to handle deposits of up to 100 million CHF ($100 million), just like traditional banks. According to the official announcement, starting from January 1, […]

SEC’s Strategic Hub for Innovation and Financial Technology to Guide Crypto Startups

The U.S. Securities and Exchange Commission (SEC) has launched Strategic Hub for Innovation and Financial Technology (FinHub), a new division with the goal of making it simpler for fintech and blockchain startups to navigate the legal implications of their products.

Deutsche Börse Creates a Dedicated Blockchain Unit

Deutsche Börse, the operator of the Frankfurt Stock Exchange, has formed a new unit to further advance its work into the transformational potential of blockchain technology. Deutsche Börse, a marketplace organizer for the trading of shares and other securities, has been exploring potential applications of blockchain and implications of cryptocurrencies. In 2016, the Frankfurt Stock […]

Russian Project Receives a Banking License for the Implementation of Cryptocurrency Operations

The ZODIAQ project, which is creating a universal financial blockchain corporation, received a banking license of category B from the Comoros Offshore Finance Authority for offshore operations.

Russian Payments Giant QIWI Acquires Fintech Accelerator InspiRUSSIA

Russian payments service provider QIWI has purchased fintech accelerator InspiRUSSIA which mostly focuses on developing blockchain-based solutions. As reported by TASS, the amount of the deal remains undisclosed.

Facebook and MasterCard Researches Say Young Generation Prefers New Fintech Services Over Banks

According to recent researches by Facebook and MasterCard, majority of young people don’t trust traditional banks, favoring new fintech services instead.

Sberbank Subsidiary Launches Cornerstone, a Blockchain Service for Protected Transactions

Delovaya Sreda (“Business Environment”), a subsidiary of Sberbank of Russia, has launched Cornerstone, a free service for execution of protected transactions using blockchain technology.

Bank of Russia Leads New Blockchain Consortium

The Bank of Russia partnered with ten biggest national banks to create ‘Fintech’, a consortium to implement financial innovations and trial blockchain technology.

Russian Banks Test Blockchain-Based Service for Customer Data Exchange

Russia’s biggest banks have run a series of test transactions using an Ethereum-based blockchain prototype developed by Cinimex.

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