The Fintech Festival Asia announced a stellar list of sponsors today, including tech giant Google and leading credit card provider Visa. The Festival, which takes place from 15-17 October in Singapore, is expected to be the largest of its kind in APAC.
Brazil’s Central Bank today revealed the name of its digital currency, aimed at simplifying financial services: the Brazilian Digital Payment System (Sped). Analysts have speculated about the impacts of its launch.
Revolut, a leading fintech platform, has announced that it will no longer offer cryptocurrency services to American customers due to the uncertain regulations of the US crypto industry.
Amid President Brad Garlinghouse’s enthusiasm about Ripple Labs re-entry into the US, CNBC ranks Ripple as one of its worldwide top 200 fintechs. Ripple’s innovative technologies offer customers a fast and secure way to remit money globally.
Crypto firms raised a combined total of $129 million last week, led by the decentralized liquidity platform Flashbots, which pulled in over $44 million. Other firms, including Celo, Starkware, and Tracr, also saw notable investments.
In a recent tweet billionaire tech entrepreneur Elon Musk said that his firm X will offer an entire financial world in the coming months Musk did not offer specifics leaving financial analysts to speculate whether X will move into banking and other related services
The 18.4 millionth Bitcoin is due to be mined around 2140. Once this is done, there will be no more new Bitcoin, with the entire supply permanently capped at 21 million. This raises many questions about the future of Bitcoin and its effects on global finance.
Bitget a leading global crypto asset trading platform has announced its plans to expand its business into the Middle East furthering its international reach Bitget is confident that its secure products and services will benefit from the region’s rapidly growing economy and financial market
Ripple’s XRP token surged more than 6% on Tuesday on reports that the firm might be nearing a settlement with the SEC and a new $50 million investment in the “Metaverse” project.
National Australia Bank (NAB) has become the latest institution to join a boycott of crypto exchanges, citing “deliberate deception and scams”. NAB is currently reviewing its policy on digital currencies.