Tag Archives: FinTech News

Indonesia’s First Billion-Dollar Unicorn Acquires Philippine Bitcoin Wallet

By CCN.com: On Jan. 18, after an unsuccessful attempt to enter the Philippines market earlier this month due to foreign ownership concerns, Go-Jek, a major Indonesian ride-sharing platform has announced a partnership between with Coins.ph, a local crypto wallet and payments platform. The Filipino firm is currently in the process of rolling out beta access to users in the waiting list for… Read More »

70% of Central Banks are Working on Digital Currencies, No Hurry to Issue Them: BIS

A survey commissioned by the bank of central banks, the Bank of International Settlements, has disclosed that even though Central Bank Digital Currencies (CBDC) are being researched by a big number of reserve banks, the work is mostly conceptual. Consequently, only a handful of them have any intentions of issuing a CBDC in the near future: The survey… Read More »

Sweden’s Central Bank Warns of Scammers Selling National Cryptocurrency ‘e-krona’

Sweden’s reserve bank has warned that the individuals and firms purporting to sell the electronic version of the national currency, the e-krona, are fraudsters as the digital currency project ‘has not been concluded’. According to Riksbank, ‘no decision has been taken on issuing e-kronas’ and therefore claims to the contrary were false. Riksbank pointed out that the scam… Read More »

‘Too Early’ for Central Bank Digital Currency: India Shelves Plans for a Crypto Rupee

Plans to issue a state-backed cryptocurrency in India have stalled, months after the country’s central bank gave indications that it was considering the idea. According to The Hindu Business Line, the government is no longer interested in the state-backed digital rupee. Citing a source, the report by the publication indicated that the idea of a crypto-rupee was dropped… Read More »

Bitcoin-Friendly Square Uses App and Algorithms to Issue Business Loans

Payments company Square is moving into new markets by issuing business loans and will soon move to consumer lending. Its data collecting and analyzing algorithms are deciding creditworthiness letting borrowers arrange their loans in a few taps. According to WSJ reporting, one Texan food truck owner accepted a loan offer within the Square app, then went on to… Read More »

Facebook Developing Cryptocurrency for WhatsApp Transfers Amidst Another Privacy Scandal

Advertisement According to sources, Facebook is developing a cryptocurrency that would enable money transfers to be done through its messaging app WhatsApp. As stated in the publication by Bloomberg, the company is working on a stablecoin pegged to the US Dollar to minimize volatility. Unfortunately for Facebook, the wave of exposed privacy breaches and violations that were initiated… Read More »

Bankers Raise Concerns Over Robinhood’s New Saving Accounts

Advertisement Sarah Grano Robinhood launched its 3% interest “checking and savings” accounts last week. With 3% well over the average rate offered by conventional banks and some key differentials in the insurance that protects investors in Robinhood’s new products, U.S banking organizations are speaking out. The new accounts from the trading platform, at first glance, appear to be… Read More »

Binance Labs Launches 8 Blockchain Startups

Advertisement Ella Zhang, Head of Binance Labs Binance Labs recently announced the launch of eight projects which have been incubated over the course of the last few months. The San Francisco chapter of Binance Labs ended its ten-week Incubation Program which focused on providing guidance, mentorship, and resources to each project. Over 500 project teams applied for the program, and… Read More »