Visa is partnering with ConsenSys, a blockchain technology company, to develop new infrastructure that can help central banks and traditional financial institutions come together and build services on top of CBDC (central bank digital currency) networks. As central banks around the world dig deeper into central bank digital currency (CBDC), questions on adoption and usability are top of mind. Once you’ve built the technology to power CBDC, how do you […]
SEBA Bank, a fully integrated, FINMA licensed digital assets banking platform, announced that it has secured a successful Series C funding round, raising CHF 110 million. The round was significantly oversubscribed, with demand far exceeding the initial funding target. Existing investors, including Julius Baer, increased their positions in the funding round. This funding round will further accelerate the considerable growth that SEBA Bank has achieved over the past year. SEBA Bank is currently […]
In the era of Web3, payments will be fast, inexpensive and secure. „By bringing powerful DeFi mechanics into play, payment processing will no longer incur costs, but rather become income streams,” according to Elrond. With the acquisition of Utrust, Elrond sets out to accomplish two goals: Payments: make payments faster, cheaper and more secure by using internet-scale blockchain technology Merchant Yield: transform payment processing services from a cost for merchants […]
În decursul anului trecut, CryptoCoin.PRO a înregistrat peste 30 de solicitări din partea startup-urilor care au dorit să își lanseze propria criptomonedă, dintre care un sfert sunt companii românești. Cererea pentru serviciul de lansare ICO (ofertă inițială de monede) s-a triplat în 2021 comparativ cu anul anterior, pe fondul apariției a tot mai multe proiecte bazate pe tehnologia blockchain, potrivit platformei licențiate de exchange CryptoCoin.PRO. Conform reprezentanților companiei, cei care […]
The round gives Sygnum a post-money valuation of USD ~800 million, underpinned by a tenfold increase in consolidated gross revenues in 2021, an institutional client base now nearing 1,000 and assets under administration growing to over USD 2 billion. Sygnum, a digital asset technology group with a Swiss banking license and a Singapore asset management licence, has raised USD 90 million in an oversubscribed Series B funding round led by […]
China’s central bank has launched its CBDC wallet app on the Android and Apple app stores as it gears up for the forthcoming Winter Olympics. China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the country’s central bank steps up its push to develop its own digital currency, according to Reuters. The „e-CNY (Pilot Version)” app, developed by the People’s Bank of China’s […]
Bank of Jamaica (BOJ) announced that it has successfully completed the Central Bank Digital Currency (CBDC) pilot. In March 2021, BOJ announced that it was testing a prototype central bank digital currency with vendor eCurrency Mint Inc. in BOJ’s Fintech Regulatory Sandbox. This was followed in May 2021 by the commencement of an 8-month long pilot which ends today, 31 December 2021. The scope of the CBDC pilot was limited to wallet […]
Estonia has moved to calm investor fears about tougher rules on cryptocurrency, a sector which has been a target of regulatory scrutiny for the Baltic nation since at least 2019. According to Bloomberg, the country is considering new rules that would enforce due diligence, audits and higher levels of capital for crypto firms ahead of a review of its money laundering policies this quarter. From the level of capital perspective, the new bill […]
„From PSD2 to Open Finance that actually works” is the theme of the keynote speech that Arturo Gonzales Mac Dowell will deliver at international digital banking conference Banking 4.0, on 25 November. „When the EU drafted PSD2, it stepped into unchartered territory. Unregulated open banking had existed since the very late 90’s in the US, and from the early 2000’s in the EU. However, regulating some aspects of open banking […]
„How bank’s business and operating models will change” is the theme of the keynote speech that Anders Olofsson, Head of of payments at Finastra, wil deliver at Banking 4.0, on 26 November. „I will be talking about the finance mega trends and how these will be forcing banks to transform their business model and how their operating model will be impacted by new concepts such as banking as a service,” […]