Tuesday , July 27 2021
Home / Fintechnews Switzerland

Fintechnews Switzerland

Articles by Fintechnews Switzerland

Facebook Pay To Be Available to Online Retailers Starting With Shopify

6 days ago

With digital payments picking up pace across the globe, social media giant Facebook is extending its payment services to online retailers.
Shopify has become the first e-commerce platform to sign up for Facebook Pay. This will allow Shopify merchants to offer Facebook Pay as a payment option during checkout, eliminating the need to re-enter payment information for every transaction.
Prior to this, Facebook Pay, which was launched in 2019, was available for its main platform, as well as WhatsApp and Instagram.

The feature will be expanded across more platforms in the US starting this August.
The development comes not long after Facebook’s Libra cryptocurrency project went belly up.
Moreover, the global digital payments scene heating up with the likes of

Read More »

Visa Customers Spent More Than US$1 Billion on Crypto-Linked Cards in 2021

19 days ago

Visa revealed that its customers had spent more than US$1 billion on its crypto-linked cards in the first half of 2021.
The payments giant reported that it had partnered with 50 leading crypto platforms on card programmes that make it easy to convert and spend digital currency at 70 million merchants worldwide.
Visa had previously announced in March 2020 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.
The company has been expanding partnerships with digital currency platforms such as FTX, Coinbase, Crypto.com, and CoinZoom, to name a few.
In fact, one-quarter of the companies in its Fintech Fast Track programme are working to issue Visa cards linked to a crypto

Read More »

AntChain Inks Deal With UEFA EURO to Be Its Official Global Blockchain Partner

June 11, 2021

UEFA and AntChain, the blockchain business of Ant Group, announced a five-year global partnership around blockchain technologies and to jointly explore how blockchain technology can be used to further the digital transformation of football industry and improve the experiences of fans around the world.
In doing so, AntChain also becomes the official global blockchain partner of UEFA EURO 2020 and UEFA EURO 2024
The partnership also revealed the tournament’s Top Scorer Trophy which applies blockchain technology and designed by Alipay, a digital payment and lifestyle platform operated by Ant Group and UEFA’s global partner since November 2018.

The UEFA EURO 2020 Top Scorer Trophy is the first major international football Top-Scorer trophy to utilise blockchain in

Read More »

9 Top-Ranked Crypto Blockchain Project Coins You’ve Probably Never Heard of Before

June 8, 2021

Cryptocurrencies have been all the rage this year with total market capitalization surging 132% since the beginning of the year.
Given this crypto frenzy, it is quite remarkable how some of the top marketcap ranking firms have eluded  mainstream attention.
Fintech News compiled a list of top nine cryptocurrency firms ranked (#) by market cap according to coinmarketcap. These crypto firms haven’t been featured much by the mainstream media so far, probably with the exception of the Binance exchange.

Please note this is no investment advice at all and any of those coins can be traded anytime at 0.0001.
Binance Coin
Binance Coin (BNB) is the cryptocurrency issued by the Binance cryptocurrency exchange. It powers the whole Binance ecosystem which includes he

Read More »

FQX Secures $4.7M in Seed Funding Led By Earlybird Venture Capital and SIX Ventures

June 2, 2021

Zurich-based FQX secures $4.7M in seed funding to scale their revolutionary eNoteTM infrastructure. Earlybird led the round with participation of SIX Fintech Ventures, the non-strategic corporate venture arm of SIX, and the unicorn founder Carsten Thoma.
FQX is radically facilitating trade finance & money markets by using eNotesTM, a disruptive short-term financing & payment instrument. In essence, an eNoteTM is an unconditional promise to pay a specific sum to another party at a specific future date. The eNoteTM is based on Blockchain technology and can be flexibly sold and transferred to any third party (i.e. an investor). When compared to other financing options, eNotesTM as negotiable instruments outperform through their financial steering capabilities and

Read More »

ETC Group Lists Physically Backed Ethereum and Litecoin Crypto ETCs on SIX

May 26, 2021

– Click to enlarge
ETC Group, a specialist provider of digital asset-backed securities, has announced that it will list its physically backed Ethereum and Litecoin cryptocurrency ETCs on the Swiss Stock Exchange SIX.
The listing of ETHetc (ETC Group’s Physical Ethereum ETC) and LTCetc (ETC Group´s Physical Litecoin ETC) in USD, CHF and GBP, follows the success of its first Bitcoin based product which is the BTCetc (ETC Group Physical Bitcoin ETC), which was listed on SIX in January 2021.
All three products are also listed on XETRA, are issued by ETC Group and distributed by HANetf.
The Ethereum and Litecoin ETCs were listed on XETRA in February and April 2021 respectively. ETC Group Physical Ethereum ETC has surpassed USD $100 million assets under management

Read More »

56 Fintech Billionaires Worth a Combined US$327B in 2021

April 27, 2021

There are 56 fintech billionaires around the world who combine a total net worth of US$327.7 billion, data curated by Finextra based on Forbes’ 2021 World’s Billionaires list show. These represent some of the world’s biggest and most successful fintech companies in the world including Ant Group, PayPal, Stripe and Klarna. They are also world renowned fintech investors and the founders of leading firms such as Bloomberg and Thomson Reuters.
US leads in fintech billionaire count
Out of the 56 fintech billionaires identified, 28 are in the US, making it the largest hub of fintech billionaires.
US fintech billionaires are worth a combined US$162.1 billion and represent industries including financial media and information, payment, cryptocurrency, blockchain, brokerage

Read More »

Swissquote Adds 9 Additional Cryptocurrencies for Retail Trading

April 22, 2021

Swiss banking group Swissquote announced that it is expanding its cryptocurrency offering with nine additional ones.
In addition to the leading twelve cryptocurrencies, investors can now also trade Cardano, Filecoin, Maker, Uniswap and yearn.finance (YFI).
A further four cryptocurrencies will follow at the end of the month namely Aave (AAVE), Algorand (ALGO), Compound (COMP) and Cosmos (ATOM).
With a total of 21 tradable virtual currencies, Swissquote offers comprehensive cryptocurrency trading in Switzerland.
Client demand and the liquidity available for trading were the key factors in the selection of these new cryptocurrencies. The bank first offered private clients the opportunity to trade in cryptocurrencies in July 2017, and since then the offering has been

Read More »

Societe Generale Issues Structured Products as Security Token on Public Blockchain

April 20, 2021

Societe Generale announced that it has issued its first structured product as a security token directly registered on the Tezos’ blockchain network.
The securities were fully subscribed by Societe Generale Assurances.
The move was in line with the development of Forge which is a regulated subsidiary of Societe Generale Group.
Forge’s operating model enables security tokens to be directly integrated to conventional banking systems interfaced with SWIFT format.
Forge aims to offer crypto assets structuring, issuing, exchange and custody services to the group’s professional clients by 2022. 
This new experimentation, performed in accordance with best market practices, demonstrates the legal, regulatory and operational feasibility of issuing more complex financial

Read More »

Delta Exchange Closes US$5 Million Raise From Blockchain Valley Ventures Among Others

April 9, 2021

Delta Exchange, a UK-based institutional-grade crypto derivatives exchange, announced that it has closed a US$ 5 million token raise from existing and new investors where Swiss venture firm Blockchain Valley Ventures (BVV) backed and advised the former on their token raise.
The token raise adds to existing investors like Aave, Coinfund and Kyber Network. New investors of the company include Spartan Group, QCP Soteria, Gumi Crypto, LuneX Ventures, Tembusu Partners and BVV.
The token generation event, as well as token listing initially on Delta and Uniswap, is expected around the end of March.
Delta is an established player with highly innovative products, focusing on alternative derivatives, where they are unbeaten in speed to market. It is led by a team of

Read More »

PayPal Allows American Customers to Use Cryptocurrencies for Purchases

March 31, 2021

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 check out safely and easily, converting cryptocurrency holdings to fiat currency, with certainty of value and no additional transaction fees.
Checkout with Crypto will automatically appear in the PayPal wallet at checkout for customers with sufficient cryptocurrency balance to cover an eligible purchase.
All transactions are settled in USD and converted to the applicable currency for the business at the standard PayPal conversion rates.
“As the use of digital payments and digital currencies accelerates, the introduction

Read More »

Austrian Crypto Broker Bitpanda Secures Unicorn Status With $170 Million Funding

March 17, 2021

Bitpanda, an Austrian digital investment platform dealing with cryptocurrency, announced that it has closed it Series B funding round with an investment of $170 million and attained unicorn status with a valuation of $1.2 billion.
The funding round was led by Valar Ventures with participation from partners of DST Global. Bitpanda had also previously secured $52 million during its Series A from Valar Ventures.
The Series B was signed last week and is currently in the necessary approval process of the Austrian Financial Market Authority (FMA).
Bitpanda said in a blog post that it would be using the new funding to expand its team which currently has 350 staff members to around 600.
The company has already expanded into France, Spain, Turkey, Italy and Poland in 2020

Read More »

Digital Asset Adoption Gains Momentum With US$26 Billion in Bitcoin Transactions

February 19, 2021

Bitcoin’s recent price surge has accelerated institutional adoption of cryptocurrencies leading to institutional investor pouring an estimated US$26 billion into bitcoin over the past eight months, an analysis by SNGLR Group shows.
In its second report part of the Digital Asset Briefing series, the Swiss tech firm looks at the latest developments and trends in cryptocurrencies and digital assets, arguing that bitcoin’s current rally has led to renewed interest in cryptocurrencies, a trend that comes on the back of favorable regulatory endorsements and large institutional investments coming in from names like Testa, MicroStrategy and Square.
SNGLR Group’s analysis suggests that at least US$26 billion have been invested into bitcoin over the past six to eight

Read More »

Switzerland and Estonia Among Europe’s Most Advanced Blockchain Ecosystems

February 7, 2021

In Europe, Switzerland, Estonia, Malta and Cyprus have the most advanced and mature blockchain ecosystems with well-developed startup scenes and high levels of regulatory maturity, a paper by the EU Blockchain Observatory and Forum says.
More specifically, the European Commission (EC) blockchain think tank places Switzerland at the epicenter of blockchain activity, not only in Europe, but globally, noting the country’s massive blockchain industry of 800 dedicated blockchain providers, among which eight unicorns, an active venture capital (VC) ecosystem, and supportive regulators that have formulated favorable rules for the sector to thrive.
Switzerland moved early to clarifying the legal situation of crypto-assets, the paper notes, with the earliest report by the

Read More »