As the global adoption of digital payments increases, commercial payments are no exception. With the rise of technological advancements, financial leaders must keep abreast of IT trends to remain competitive and focus their resources despite the economic instability. Interestingly, many CFOs do not consider the costs involved in making or receiving a payment, but instead, they consider the overall expense.
As the world of cryptocurrency continues to grow, it is becoming increasingly important to have reliable and secure ways to store and manage digital assets. That is where wallets come in, and two companies have recently secured significant funding to develop their respective wallets – Soul Wallet and Aztec Network. Soul Wallet’s seed funding Self-custodial wallets have been gaining popularity
With the growth of cross-border payments and e-commerce, the need to address fraud in this industry has become increasingly crucial. Fraudsters target cross-border payments due to the high value of transactions and the complexities involved in verifying identities across different countries. In this article, we will explore the growth of cross-border payments, the impact of fraud on businesses, the laws
RockX, a blockchain node network based in Singapore, has recently launched Bedrock, its Ethereum liquid staking platform. Bedrock provides a non-custodial, on-chain, and independent liquid staking solution to address regulatory requirements faced by large-scale staking processes. The primary objective of Bedrock is to enhance capital efficiency by allowing users to receive a new token instead of their staked tokens, which
The Bahrain-based regulated crypto asset trading platform Rain has partnered with Tarabut Gateway to offer faster and more cost-effective fiat-to-crypto transfers to end-users in Bahrain. The move aims to provide a seamless crypto wallet experience for its users in the Middle East and North Africa (MENA) region. Tarabut Gateway’s open-banking payment solutions will facilitate on-and-off-ramp transfers for users. The solution
As two of the most transformative technologies of the 21st century, artificial intelligence (AI) and blockchain have captured the imagination of tech enthusiasts worldwide. However, their intersection has presented various challenges, including compatibility and regulatory issues, that need to be addressed for further innovation in the crypto industry. The Intersection of AI and Blockchain Although AI and blockchain share similarities
The Brazilian Central Bank has recently taken a step toward revolutionizing digital payments for businesses and customers alike by sanctioning the utilization of a new payment feature on WhatsApp. This groundbreaking development was announced by Mark Zuckerberg on Instagram, expressing his enthusiasm for the authorization of the payment feature and its potential to “instantly pay small businesses through WhatsApp.” Furthermore,
The Baltic region is paving the way for digital payments adoption in Europe, with Estonia, Latvia, and Lithuania all connected to the European Union’s SEPA Instant real-time payments network in 2017. As of June 2022, these countries are showing varied levels of adoption of the SEPA Instant service, making them a bustling center of FinTech in Europe. To further encourage
The impact of identity theft on the fintech industry is a growing concern. With the rise of digitalization, the risk of fraud has become increasingly prominent. Identity theft can result in massive losses due to fraudulent transactions, stolen funds, and reputational damage. According to a study by Javelin Strategy & Research, in 2019 alone, over 16 million Americans were victims
Ecommerce has become an integral part of modern society, providing customers with an easy and convenient way to purchase goods and services. Payment processing is an essential aspect of any ecommerce transaction, allowing customers to quickly and securely complete their purchases. In order to ensure a smooth ecommerce experience, merchants must have fast payment processing and a designated payment option.
The U.S. Department of Motor Vehicles (DMV) has recently taken a massive leap forward in modernizing their paper-based systems by launching a blockchain initiative. This initiative seeks to make DMV operations faster, more efficient, and more secure by utilizing the revolutionary technology of blockchain. Oxhead Alpha, a technology firm, is leading the charge in this endeavor and has developed a
Blockchain technology is revolutionizing the way we conduct financial transactions. It is a distributed system shared among computers to authenticate and record any transaction in an immutable and secure form. With its potential to create a secure and trustless network, blockchain technology is quickly becoming a mainstream solution for conducting financial transactions. However, before it can become a widely accepted
