(source: en.wikipedia.org)
Velocity raised $38 million in a Series A funding round to expand its stablecoin payments and treasury platform designed for global enterprises, according to a Tuesday (July 14) press release. The company’s platform enables enterprises to retain their core treasury operations while accessing the benefits...
Perpetuals.com has halted talks to acquire the Trump family cryptocurrency firm’s payments company. “Perpetuals has decided not to further pursue the acquisition of AI Financial Corporation’s subsidiary Alt5 Sigma Canada, Inc. and the earlier letter of intent has been terminated,” the company’s chief strategy officer...
Nothing visibly changed in American payments when the clock struck midnight on Saturday (July 11). Consumers still used cards, bank accounts and cash, and businesses still moved funds through banking networks. Yet the United States had nonetheless made a consequential architectural choice about the future...
Stablecoin issuer Circle faces several challenges despite its receipt of final approval from the Office of the Comptroller of the Currency (OCC) to establish a bank, analysts from Japanese investment bank Mizuho wrote in a Friday (July 10) note, CoinDesk reported Monday (July 13). Reiterating...
London has issued a report on accelerating tokenization in wholesale financial markets. “Wholesale financial markets are a fundamental driver of economic growth, directly supporting jobs and financing activity in the wider economy,” the City of London Corporation said in a news release promoting the report...
Cryptocurrency exchange Kraken has introduced a debit card for British and European Economic Area customers. The Kraken Card, announced in a news release Monday (July 13), is designed to link a customer’s crypto and cash balances to everyday spending. “Our new debit card connects your Kraken balances to everyday spending, whether...
Stablecoin advocates have argued that blockchain networks can and will solve problems traditional banking never could. Payments would settle in seconds instead of days. Businesses would no longer wait for banks to reopen after weekends or holidays. Cross-border transfers would rely less on correspondent banking...
The stablecoin market saw its largest decline in nearly four years last month. That’s according to a report Sunday (July 12) by CoinDesk, which calls the downturn a sign that on-chain liquidity has dipped as crypto markets continue to consolidate near this year’s lows. Stablecoins’...
Internet financial platform Circle Internet Group has received approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, the company said in a Friday (July 10) press release. The bank, First National Digital Currency Bank, N.A., will operate...