banks
Japan's Biggest Banks Are Talking About Building a Digital Payments System
The banks will be joined by representatives from big business and the government to lay out how to create shared digital payments system.
Russians Withdrew a Year's Worth of Cash in a Month Over Coronavirus Fears
Russians have been withdrawing vast amounts of cash after President Putin announced new coronavirus measures.
US Treasury Approves Square as Coronavirus Stimulus Lender
Square, the bitcoin-friendly company behind Cash App, announced Monday it is participating in the U.S. government’s emergency Paycheck Protection Program.
Revolut Expands Crypto Offering – But Not in the US
Fintech challenger bank Revolut accelerated its plans to offer crypto buy and sell services due to recent actions by central banks, said head of crypto Edward Cooper.
While Some Hoard Dollar Bills, Others Envision Germy Cash's Quick Demise
Is a cash-based society sustainable in a pandemic? Hoarders say yes. Health experts say maybe. Visionaries say no: It’s a moment for systemic change.
Banks Have to Embrace Distributed Ledger Tech, Even if It Kills Them
To secure their futures, banks have to confront their fear of change and embrace innovation, says consultant Chuck Fried.
Moonshots Capital, DCG, Tezos Back $2.5M Fundraise for Crypto Software Provider
Zabo, which claims to be able to link bank accounts to crypto wallets directly, raised $2.5 million from Moonshots Capital and other firms to build out its engineering team and customers.
Revolut Bank Valued at $5.5B in $500M Funding Round
Revolut raised $500 million, but did not specify if any of the funding will go toward improving its cryptocurrency offering.
Major Korean Banks Join Government-Backed Blockchain ID Initiative
Institutions including the Shinhan and NH Nonghyup banks have joined a blockchain identity initiative aimed to securely share personal data.
Singapore Exchange–Backed iSTOX Raises Series A for Tokenized Securities Trading
The Singapore Exchange-backed security token platform has raised an undisclosed investment from an investment bank based in Thailand.
