Stablecoins are a vital part of the cryptocurrency market, as they offer stability and reliability that other coins do not. However, regulatory bodies worldwide have shown concerns over the potential risks associated with stablecoins, including the possibility of fraud, money laundering, and financial instability. In the United States, the House Financial Services Committee is set to hold hearings this week
Thunes, a global cross-border payments company, has been granted a new Payments Institution license by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France. This new regulatory approval further cements Thunes’ reputation as one of the leading payment powerhouses, connecting Europe, Asia, Africa, the Middle East, and Latin America. This new license enables Thunes to offer global cross-border
Quantum computing and quantum networking are emerging as the future of technological infrastructure. The technology is still in its nascent stage, but it has the potential to revolutionize the way we communicate, store data, and solve complex computational problems. Amazon Web Services (AWS) is one of the leading providers in the realm of quantum computing, and it has partnered with
Turkish FinTech company, Sipay, is leading the way in payment processing services by offering a comprehensive platform for accessing multiple banks and minimizing the time and effort it takes to deal with various providers. In an interview with PYMNTS, Sipay’s founder and CEO, Nezih Sipahioglu, outlined how the company’s single-API virtual POS solution is transforming the payments landscape in Turkey
In the world of digital commerce, data is crucial because it helps businesses identify their customers, understand their behavior, and create personalized experiences. However, digital commerce also faces a data problem that has been a headache for merchants, issuers, and consumers alike. The data “payloads” accompanying eCommerce transactions lack the information that is most useful in determining a customer’s risk
As the cryptocurrency industry continues to grow and evolve, so do the challenges of compliance and risk assessment for businesses and individuals alike. VAF Compliance, a leading provider of compliance and risk management solutions for the crypto industry, has announced the launch of its newest solution – a Telegram Bot service that assesses the potential risks associated with accepting cryptocurrency
Twitter, the popular social media platform, has partnered with eToro, the global investment platform, to bring real-time pricing data and investment opportunities to its users. The partnership allows Twitter to expand its reach and become a platform for financial services, while also connecting eToro to a new audience of potential investors. The collaboration was announced in May 2021 and signals
Quantum computing has emerged as a promising technology with the potential to revolutionize various industries. The financial sector is one such area where quantum computing can bring significant change. Financial institutions deal with enormous amounts of data, and processing this data can be time-consuming and challenging. This is where quantum computing can help. This article discusses the potential of quantum
The introduction of Central Bank Digital Currencies (CBDCs) is at the forefront of global financial discussions. With numerous countries piloting or developing their own CBDCs, and more seeking to explore the potential benefits of these digital currencies, it is clear that the move towards CBDCs is gaining momentum. Among the global powers leading the charge is the Group of Seven
Leading RegTech provider Know Your Customer is proud to announce its latest strategic client wins in Singapore: Volopay and Coda Payments. The double win comes in the context of an unprecedented growth of the digital payments industry in Southeast Asia, which is expected to reach an astonishing USD 1.5 trillion by 2030. Know Your Customer’s innovative compliance platform will streamline
ID.me, the Virginia-based digital identity network, has secured $132 million in a recent funding round led by Viking Global Investors. The investment brings the company’s total funding to $240 million, making it one of the most well-funded identity authentication platforms in the market. The funding round also received participation from other investors such as CapitalG, Morgan Stanley Counterpoint, FTV Capital,
Bitcoin Depot, a US-based Bitcoin ATM operator, has signed an agreement with Jacksons Food Stores that will see the installation of more than 80 Bitcoin ATMs across Idaho, Nevada, Oregon, Utah, California, Washington, and Arizona. The installation is expected to occur in the coming months. The partnership between the two companies will allow Bitcoin Depot users to convert cash into
