Alchemy Pay Launches Web3 Digital Bank for Institutional Customers
With the product already accessible to many regions, the Web3 Digital Bank will also serve as a bridge connecting the traditional finance industry to the world of cryptocurrencies.
With the product already accessible to many regions, the Web3 Digital Bank will also serve as a bridge connecting the traditional finance industry to the world of cryptocurrencies.
XREX Singapore introduces XREX Pay, offering businesses cross-border B2B payments and money transfer solutions. The platform will support traditional currencies like the Singapore Dollar (SGD) and US Dollar (USD) as well as stablecoins like Tether (USDT) and USD Coin (USDC).
This newly developed exchange will allow customers to trade directly from it rather than using the Revolut app, thereby enjoying lower fees.
Apart from failing to report transactions to the appropriate authorities, revelations from the whistleblowers pointed towards deliberate concealment of transactional data within Cash App.
Several prominent Avalanche ecosystem partners have already signaled their intention to integrate with Stripe, including GoGoPool, Avvy, Pakt, zeroone, Halliday, The Arena, Shrapnel, and DeFi Kingdoms.
Stripe said that it would facilitate all of the USDC transactions through Ethereum, Solana, and the Polygon blockchain networks and immediately convert them into fiat.
While Strike has already expanded its services to 100 countries worldwide, the company remains committed to exploring new markets and supporting additional currencies in the future.
Banxso’s partnership with Dricus du Plessis for the Tour de Banxso competition signifies a new chapter in client engagement and platform innovation.
The decision to amend its protection programs for NFT transactions was quietly disclosed on March 21, 2024, through updates to PayPal’s policy documentation.
This in-principle approval fortifies TerraPay’s dedication to becoming the world’s most regulatory-compliant payments provider.
The word “fintech” is derived from “financial technology” which means the integration of technological tools and innovations into financial operations in order to enhance and automate the financial processes. Fintech is used to assist financial institutions, businesses in the management of their operations to provide better services to their customers. As the industry of fintech is actively evolving, there is no surprise at all that the news from this sphere can attract wide attention.
Adoption of fintech by a company would mean a significant change to their mode of operations as it involves the use of specialized algorithmic models, mobile applications and dedicated computer software packages.
At its initial introduction stage, companies from a range of industries including banking, education, fundraising, health, venture management, etc. only used fintech for back end systems where they get absolute and full control. Nowadays, most industries have started using the innovation for consumer-oriented services in an attempt to serve their clients better while increasing the transparency in their operations.
As we move towards a significantly digitized world, from the introduction of the internet to social media, smartphone evolution and now blockchain technology, the need for adoption of cryptocurrency cannot be overemphasized. As the underlying framework of pioneer cryptocurrency bitcoin, the blockchain is a vital part of fintech. We’ve seen a number of blockchain-powered fintech apps being employed by banking industries and data inclined platforms.
Fintech has become a major part of the finance space in recent years, this points to the fact that major conglomerates have identified and prioritized its importance in growing their businesses. Fintech works closely with other new technologies such as data-driven analytics and marketing, machine learning, artificial intelligence, etc.
Coinspeaker presents the best and latest Fintech news, ranging from its use in cross border payments, startup business fundraisers, venture management, credit application, to remote banking, as investors and stakeholders’ awareness about the innovation continues to rise daily.