Payments News

On The Web

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Deals

Anchorage Set for Growth Following $80M Fundraise

“Last month, digital asset entity Anchorage received a bank charter from the United States Office of the Comptroller of the Currency, or OCC. This month, the outfit has added $80 million in funds.  “Today, we are pleased to announce that Anchorage has raised an $80 million Series C, led by GIC, Singapore’s sovereign wealth fund, […]
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Deals

Coinbase Reveals $1.2 Billion Revenue in Plans to Go Public

“Coinbase has publicly filed paperwork to list its stock on the NASDAQ exchange, a huge step forward in the first major public offering for a cryptocurrency company. Coinbase’s S-1 was published on Thursday morning, after being confidentially submitted to the SEC in December. In an attached letter to investors, founder Brian Armstrong presented cryptocurrency as […]
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Companies

Diem Stablecoin Prepares for Liftoff With Fireblocks Custody Partnership

“Crypto custodian Fireblocks and payments platform First Digital Assets Group are providing connectivity and support to diem, the global stablecoin and payments system formerly known as libra. Fireblocks and First are providing the digital plumbing to allow financial service providers such as banks, exchanges, payment service providers (PSPs) and eWallets to plug into Diem on […]
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Systems

Janet Yellen Says Innovation Can Help Fight Misuse of Cryptocurrencies and Narrow Digital Gaps

“U.S. Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk” from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight crime and reduce inequality. In remarks to a financial sector innovation roundtable, Yellen said such technologies could be used to stem the flow of dark […]
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Companies

Mastercard Will Let Merchants Accept Payments in Crypto This Year

“Mastercard is planning to give merchants the option to receive payments in cryptocurrency later this year. According to a source familiar with the matter, the functionality will see Mastercard customers’ digital currency payments settled in crypto at participating merchants, a first for the financial giant. The company has not yet disclosed which digital currencies it […]
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Providers

Community Bank Enlists Coinbase, SAP to Offer Crypto

“Vast Bank now lets customers buy cryptocurrency from their bank accounts — a feature more commonly associated with third-party payment apps like PayPal and Square . Through a partnership with Coinbase, the community bank, which is based in Tulsa, Okla., and has $744 million of assets, is joining a handful of others that are seeking […]

On The Wires

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Systems

Klarna Teams up With Safello – Bringing Open Banking To Cryptocurrency Market

“Klarna , the leading global payments provider and shopping service and Safello , Sweden’s leading broker for cryptocurrencies, today announce a strategic partnership to bring Klarna Open Banking to Safello’s award-winning brokerage platform for cryptocurrency trading. This partnership, which is Klarna’s first entry into the cryptocurrency industry, marks a new era in financial innovation.”
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Systems

Uphold to Launch Crypto-enabled Cards Across Europe Following Acquisition of Optimus Cards UK

“Uphold, the leading digital money platform, today announces its acquisition of Optimus Cards UK Limited, a leading debit and credit card issuer across the UK and Europe. An Electronic Money Institution (EMI) regulated by the Financial Conduct Authority, Optimus acts as a primary card issuer (including FX multi-currency) and payments facilitator. Today, the firm serves customers […]