Articles with tag: currency

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Currencycloud joins the Holland FinTech network

23 Oct 2020 | Payments General

Currencycloud, a provider of B2B embedded cross-border solutions, has joined the growing, independent Fintech ecosystem, Holland FinTech.

Currencycloud, B2B payments, fintech, cross border payments, banking as a platform

PayPal to allow crypto transactions on its network

22 Oct 2020 | Cryptocurrencies

PayPal has joined the cryptocurrency market, allowing customers to buy, sell, and hold Bitcoin and other virtual coins using the US digital payments company’s online wallets.

online wallets, PayPal, Cryptocurrency, Bitcoin, virtual coins, Ethereum, bitcoin cash, Litecoin, central banks

The Bahamas launches the Sand Dollar CBDC

21 Oct 2020 | Mobile Payments

The Bahamas has launched a central bank digital currency, Sand Dollar.

Bahamas, CBDC, Sand Dollar, digital currency, mobile payments, mobile transfers, e-wallet, central bank

Mode adopts Bitcoin as treasury reserve asset

21 Oct 2020 | Cryptocurrencies

Mode Global, an LSE-listed Fintech Group, has allocated up to ten percent (10%) of its cash reserves to purchase Bitcoin and adopt it as a treasury reserve asset.

Mode Global, fintech, UK, Bitcoin, cryptocurrency, investment, mobile app

China tests its CBDC in Shenzen

20 Oct 2020 | Online Payments

China’s USD 1.5 million digital Yuan giveaway has completed successfully, with winners spending around 88% of the total prize pool.

CBDC, digital Yuan, China, digital currency, electronic payment, PBoC

Cordite Society launches Corda Network digital currency

20 Oct 2020 | Cryptocurrencies

Cordite Society, a co-operative society registered in the UK, has launched XDC, the first Corda Network digital currency, according to the official press release.

DeFi, stablecoin, cryptocurrency, token, Cordite Society, UK, Corda, blockchain, R3, CBDC

Polymath adds Coinbase Custody to its Service Provider Ecosystem

20 Oct 2020 | Cryptocurrencies

US-based digital asset custodian Coinbase Custody has been added to the Polymath Service Provider Marketplace. 

Polymath, Coinbase Custody, Service Provider Ecosystem, Polymath Service Provider Marketplace, US, digital asset, custodian, KYC, AML, custody storage, token, NYDFS, regulation, crypto, cryptocurrency, crypto assets

Wirex raises USD 4.3 million in crowdfunding campaign

20 Oct 2020 | Cryptocurrencies

UK-based crypto payments firm Wirex has raised over USD 4.3 million in a crowdfunding campaign on Crowdcube, beating its initial target by 370%.

Wirex, cryptocurrency, contactless card, fiat currency, Mastercard, reqard scheme, US, Japan, Asia, APAC, North America,

GSB presents electronic money system based on blockchain, G999

16 Oct 2020 | Cryptocurrencies

GSB Gold Standard Banking Corporation (GSB), a Germany-based software, IT, and blockchain group, has launched a technology called G999 that supports cryptocurrency transactions.

GSB Gold Standard Banking Corporation, GSB, tokens, cryptocurrency, payments, mobile wallets, software, G999, privacy

20 arrests in QQAAZZ multi-million money laundering case

16 Oct 2020 | Digital Identity, Security & Online Fraud

20 individuals suspected of belonging to the QQAAZZ criminal network which attempted to launder tens of millions of euros on behalf of the world’s foremost cybercriminals have been arrested.

cybercriminals, Europol, fraud prevention, bank accounts, money laundering, cryptocurrency, banks, QQAAZZ, tumbling services

Prime Trust integrates Bittrex into its system

14 Oct 2020 | Cryptocurrencies

US-based Open Banking solutions provider Prime Trust has integrated Bittrex, a blockchain technology and cryptocurrency exchange, into its system.

Prime Trust, Bittrex, open banking, blockchain, cryptocurrency, fiat, API

Cypherium launches decentralised exchange CypherSwap

13 Oct 2020 | Cryptocurrencies

US-based Cypherium, an enterprise-focused blockchain platform has announced the launch of CypherSwap, a decentralised exchange (DEX) offering cross-chain compatibility.

Cypherium, CypherSwap, decentralized exchange, DEX, DeFi-centric, tokens, blockchain, AMM, United States, US, blockchain platform, Ethereum, XRP, cryptocurrency, Bitcoin

Central banks set out to regulate stablecoins like Facebook's Libra

13 Oct 2020 | Cryptocurrencies

Central banks have set out to regulate cross-border stablecoins with a common approach, adding that more rules may later be needed to ensure stability.

stablecoins, cryptocurrency, Libra, Facebook, banks, central banks, CBDC, bank capital, anti-money laundering, regulation

China's CBDC will be distributed in Shenzhen as part of public trials

12 Oct 2020 | Cryptocurrencies

The Chinese city of Shenzhen has announced plans to distribute over 10 million yuan in China’s upcoming digital currency as part of public trials.

Digital Currency Electronic Payment, wallets, digital yuan, merchants, trials, payments digitalisation, DCEP, CBDC, China,

Crypto to pose challenges to law enforcement activities, according to DOJ

12 Oct 2020 | Cryptocurrencies

Cryptocurrencies pose an emerging challenge to law enforcement activities; the US Attorney General William Barr’s Department of Justice (DOJ) has mentioned in DOJ’s ‘Crypto Enforcement Framework’.

Financial Action Task Force, cryptocurrency, money laundering, digital assets, DOJ, US, virtual assets, blockchains

Cashaa to launch crypto-friendly online bank in India

09 Oct 2020 | Cryptocurrencies

UK-based online banking platform Cashaa has announced plans to launch a crypto-friendly online bank in India.

Cashaa, UK, India, cryptocurrency, crypto, online bank, B2B, banking, fintech, lending

BofA rolls out omni-channel cross-currency transactions approach

09 Oct 2020 | E-invoicing, SCF & E-procurement

Bank of America has released an omnichannel offering that includes API and mobile connectivity in response to the imperatives of cross-currency transactions.

BofA, omni-channel, cross-currency, payments, transactions, Bank of America, CashPro app, app, financial institutions, API, mobile connectivity, trade, FX trades, fx trading

Prime Trust features Stellar as supported cryptocurrencies

09 Oct 2020 | Cryptocurrencies

API-enabled B2B open banking financial solutions provider Prime Trust has added Stellar Lumens (XLM) to its list of supported cryptocurrencies.

Prime Trust, Stellar, cryptocurrency, Stellar Lumens, XLM, API, B2B, open banking, financial institution, financial infrastructure, fintech, blockchain, crowdfunding, financial services

Bank of Korea plans cryptocurrency (CBDC) testing in 2021

08 Oct 2020 | Cryptocurrencies

South Korea’s central bank has revealed that the third and final phase of its pilot programme for a CBDC will commence in 2021.

Bank of Korea, cryptocurrency, CBDC, South Korea, central bank, BOK, central bank digital currency

Wallex, Currencycloud partner to spark additional collections opportunities for Asian customers

07 Oct 2020 | Online Payments

Wallex has expanded its partnership with Currencycloud to deliver a new range of collections services, using Currencycloud Spark, for their Asian customers in Singapore.

Wallex, Currencycloud, Currencycloud Spark, Singapore, local payment channels, international payments, foreign exchange, FX, cross-border payments