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Tag Archives: 6c.) Fintechnews

German Regulator BaFin Grants Third Crypto Custody License to Tangany

Tangany has received a license from the German Federal Financial Supervisory Authority (BaFin) as the third regulated service provider for the custody of digital assets in the country to provide crypto custody business. Furthermore, Tangany plans to apply for further licenses in Germany and Europe in the future and has already received preliminary permission from BaFin to manage registers of crypto securities. Tangany is a B2B white-label crypto custodian regulated...

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Coinbase to Invest US$500 Million Into Crypto Assets

American cryptocurrency exchange platform Coinbase announced that it has committed to invest US$500 million of its cash and cash equivalents into a diverse portfolio of crypto assets. Coinbase added that going forward, it will also allocate 10% of quarterly net income into this same portfolio. According to a statement by the firm, this move will make it the first publicly traded company to hold Ethereum, Proof of Stake assets, DeFi tokens, and many other crypto...

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Coinbase to Invest US$500 Million Into Crypto Assets

American cryptocurrency exchange platform Coinbase announced that it has committed to invest US$500 million of its cash and cash equivalents into a diverse portfolio of crypto assets. Coinbase added that going forward, it will also allocate 10% of quarterly net income into this same portfolio. According to a statement by the firm, this move will make it the first publicly traded company to hold Ethereum, Proof of Stake assets, DeFi tokens, and many other crypto...

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MoneyLion to Offer Crypto Investment Ahead of SPAC Merger

US-based neobank MoneyLion announced the launch of its new cryptocurrency capabilities, enabling customers to buy and sell digital currencies within its app. MoneyLion said that eligible customers will initially be able to buy and sell Bitcoin and Ethereum, as well as round-up their debit card purchases in Bitcoin. In the coming months, the neobank plans to add more cryptocurrencies and related features to the offering. The rollout is underway and will continue over...

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MoneyLion to Offer Crypto Investment Ahead of SPAC Merger

US-based neobank MoneyLion announced the launch of its new cryptocurrency capabilities, enabling customers to buy and sell digital currencies within its app. MoneyLion said that eligible customers will initially be able to buy and sell Bitcoin and Ethereum, as well as round-up their debit card purchases in Bitcoin. In the coming months, the neobank plans to add more cryptocurrencies and related features to the offering. The rollout is underway and will continue over...

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Blockchain-Based Invoice Factoring Firm Hiveterminal Expands to DACH Region

Blockchain-based invoice factoring platform Hiveterminal announced that it has expanded to the DACH region as part of its Europe growth plans. Hiveterminal aims to start cultivating relationships with Swiss-based small and medium-sized enterprises (SMEs) who need fast and continuous access to liquidity without going through the hassle of applying for bank financing. The offered solution has reportedly already been adopted by more than 4,000 registered business users...

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Blockchain-Based Invoice Factoring Firm Hiveterminal Expands to DACH Region

Blockchain-based invoice factoring platform Hiveterminal announced that it has expanded to the DACH region as part of its Europe growth plans. Hiveterminal aims to start cultivating relationships with Swiss-based small and medium-sized enterprises (SMEs) who need fast and continuous access to liquidity without going through the hassle of applying for bank financing. The offered solution has reportedly already been adopted by more than 4,000 registered business users...

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Facebook Pay To Be Available to Online Retailers Starting With Shopify

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...

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

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...

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