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PayPal’s Venmo Introduces Crypto Buying and Selling Within Its App
Venmo, a mobile payment service owned by PayPal, announced that it now allows more than 70 million of its customers to buy, hold and sell cryptocurrency directly within the app. The offering will be available for all customers within the
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Mastercard to Acquire Identity Verification Company Ekata for US$850 Million
Mastercard announced that it has acquired identity verification company Ekata for US$850 million as digital identity is a foundational part of Mastercard’s multi-layered approach to security. In 2019, the company introduced a new framework on how digital interactions should evolve,
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6 Fintechs Make Top 20 US Valuation Leaderboard; Worth a Combined US$145B
The past two years have seen the valuations of the US’s most valuable venture (VC)-backed fintech companies soar. As of March 19, 2021, six fintechs were amongst the country’s top 20 most valuable VC-backed companies, and worth a combined US$145.1
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Plaid Raises US$ 425 Million, Pushing Its Valuation to US$ 13.5 Billion
Open banking platform Plaid announced in a blog post that it has raised US$ 425 million during a Series D financing round, pushing its estimated valuation to US$13.5 billion. The funding round was joined by new investors Altimeter Capital, Silver
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Instinet and Credit Suisse Conduct Same-Day Settlement of US Traded Stocks
Paxos Trust Company, a regulated financial market infrastructure provider, announced Instinet and Credit Suisse settled US listed equities trades on a same-day settlement cycle (known as T+0) via Paxos Settlement Service. The trades occurred at 11 AM ET and 3
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Broadridge Plans APAC and EMEA Expansion With Latest Acquisition for US$2.5 Billion
Broadridge Financial Solutions, an American-based investment banking company, is set to acquire Itiviti, a provider of trading and connectivity technology to the capital markets industry, in an all-cash transaction valued at €2.143 billion (approximately $2.5 billion) from Nordic Capital. Broadridge
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RealT Selects Mt Pelerin’s Asset Tokenisation Technology for Real Estate Management
Real estate tokenisation platform RealT has chosen Swiss fintech Mt Pelerin‘s Bridge Protocol, an open source asset tokenisation technology, to optimise the management of its properties and investors. RealT, an American company based in Florida, has created a model that
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PayPal Allows American Customers to Use Cryptocurrencies for Purchases
PayPal announced the launch of Checkout with Crypto, where US customers will be able to choose to check out with crypto seamlessly. Building on the ability to buy, hold and sell cryptocurrency with PayPal, customers using Checkout with Crypto can
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Visa Pilots Payment Settlements Using Stablecoin with Crypto.com
Visa announced that it will allow the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle transactions on its payment network over Ethereum, an open-source blockchain. Visa said that it is piloting the capability with
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Open Banking Picks up in the US Amid Growing Demand and Competitive Pressures
Adoption of open banking is catching in the US on the back of rising customer demand and competitive pressures, according to a new report by Financial Technology (FT) Partners. In a paper titled Open Banking: Rearchitecting the Financial Landscape, the
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