MercadoLibre, an e-commerce retailer and fintech in Latin America, has initiated talks with Meta to process payments for its WhatsApp messaging service, which will kick-start in Brazil. Earlier, Pedr...
Tag: Fintech
Strike Launches Bitcoin Lightning Network-Enabled Money Transfers to Africa – Fintech Bitcoin News
United States-based users of Strike, a digital payments platform built on Bitcoin’s Lightning Network, can now transfer funds instantly and at a low cost to Kenya, Ghana, and Nigeria via the recently ...
Fintech firm Plaid lays off 260 employees
Plaid, a firm that connects banks and fintech firms, laid off about 260 employees as it grapples with the slowing economy. “The simple reality is that due to these macroeconomic changes, ...
Airwallex Cofounder Lucy Liu Touts Fintech Unicorn’s Prospects Despite Downturn In Tech Sector
Melbourne-born payments startup maintains valuation at $5.5 billion and looks to add staff even as other companies slash jobs. Just a few short years ago, Lucy Liu was hanging out in a cafe in Melbour...
$400 billion erased from European tech market in 2022, Atomico says
The Klarna logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Europe’s tech industry has lost more than $400 billion in value this year, according to ve...
South African Digital-Only Bank Launches Crypto Payments Gateway – Fintech Bitcoin News
A South African digital-only bank (also known as a “neo bank”), Be Mobile Africa, has reportedly launched a crypto payment gateway that allows merchants to convert digital currency payments to fiat cu...
X-eleven’s Fintech for the Post-Fiat Era is Conquering the Market
Advertisement     The digitalization of financial services and payments leads to people losing control over their money. Unfortunately, it is impossible to solve this ...
Tim Draper predicts bitcoin will reach $250,000 despite FTX collapse
Tim Draper, founder of Draper Associates, onstage at the Web Summit 2022 tech conference. Ben McShane | Sportsfile via Getty Images Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coi...
Australian Blockchain Fintech Startup Ettle Launches Its New AUDE Stablecoin
Ettle Pty Ltd launched its Australian dollar-backed stablecoin AUDE. Previously, Novatti’s stablecoin was in the news. Let’s know which is the country’s first stablecoin. A Remarkable Step Ettle Pty...
Fintech Giant Stripe Partners with Magic Eden, Other Web3-Based Firms for Crypto On-Ramp
The partnership will see several Web 3.0 companies gain more uses and increase the usability of their products and services. Fintech giant Stripe has entered into multiple partnerships with various we...
FIS Challenges Nearly 200 Startups to Pitch their Boldest Ideas in First APAC Fintech Competition
Key facts: FIS has expanded its InnovateIN48 fintech competition to startup fintech companies in the APAC region for the first time. The competition welcomed nearly 200 fintech companies from 11 APAC ...
European Central Bank says bitcoin is on the ‘road to irrelevance’
The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank gave a strong critique of bitcoin on Wednesday,...
Cameroonian Fintech Ejara Raises $8 Million in Series A Investment Round – Fintech Bitcoin News
Just over 12 months after raising $2 million, the Cameroonian fintech whose app allows users to buy and store crypto assets recently said it had received $8 million in its Series A investment round. A...
Crypto Remains Largest Investment Sector in 2022, Outpacing Fintech And Biotech
Web3 and DeFi are still leading funding activity in the venture capital space, even as deals slow down, according to a new report. Investment in emerging technologies fell for the third consecutive qu...
Fintech Revolution Summit 2023 – TheNewsCrypto
We TraiCon Events will be hosting Morocco’s premier fintech event titled as “Fintech Revolution Summit”supported by Union of Arab Banksscheduled on the 27th& 28thFebruary2023at the Hotel Sofitel, ...
Peter Thiel’s VC fund backs climate-conscious fintech TreeCard
TreeCard offers users a spending and money management platform tied to a debit card made from wood. TreeCard TreeCard, a climate-conscious digital money app, raised $23 million from investors in a new...
Genesis creditors organize in bid to forestall bankruptcy move: Bloomberg
Crypto firm Genesis Global Capital warned last week about a possible bankruptcy filing, and now some of its creditors are pursuing options in order to prevent such a move. Law firms Proskauer Ro...
Blockchain-based fintech company prepares to enter $500B freight settlement market
The world is quick to blame inflation for the rising prices at grocery stores and retailers. This was the #1 political issue for recent Election Day voters in the United States. For example, media sou...
Fintech Plum rolls out crypto investing to customers in Europe
European fintech platform Plum is rolling out crypto investing services to customers in France, Belgium, Spain and Ireland. Plum will provide the service through a partnership with crypto unicor...
Crypto lender Ledn lays off chief commercial officer in latest industry job cuts
Crypto lender Ledn has laid off several employees amid the crypto crunch. “Several colleagues and myself were laid off at Ledn. This is my first time I got laid off,” Guido Pettinari...
UK and Singapore Renew Commitment to FinTech Goals
The United Kingdom and Singapore today agreed to a Memorandum of Understanding (MoU) aimed at boosting financial technology (FinTech) trade and cooperation between the two nations. At the 7th Financia...
Binance, others line up bids for bankrupt Voyager after FTX collapse
Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty ...
Lemon Cash CEO expects more fintech layoffs in LatAm amid its own: Exclusive
Argentina-based crypto app Lemon Cash has laid off about 100 people, 38% of staff, marking the latest round of cuts in the region. Several other Latin America-based crypto companies have announc...
Binance creates $1 billion crypto industry fund after FTX collapse
Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor /...
Wefox CEO ‘disgusted’ by mass tech layoffs: ‘These are humans’
Wefox CEO Julian Teicke. Wefox HELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse. The likes of M...
Australian regulator sues fintech company over alleged unlicensed crypto services
Australia’s financial regulator has sued Sydney-based Block Earner, citing concerns that the fintech company offered unlicensed crypto products. Block Earner offers several tiers of products tha...
Cathie Wood Watch: Ark CEO Goes Gonzo for Coinbase
Celebrity money manager Cathie Wood has talked the talk in support of cryptocurrencies for quite some time, predicting in January that bitcoin will hit $1 million by 2030. She continues to walk the wa...
Collapsed crypto exchange FTX has about $1.24 billion of cash in total — but still owes at least $3.1 billion
In this photo illustration, a bitcoin logo seen displayed on a smartphone with a FTX logo on the background. Avishek Das | Lightrocket | Getty Images FTX’s vast web of entities had a total of a...