“Bitcoin’s record rally helped push the value of assets used in decentralized finance to $100 billion for the first time, according to data compiled by DeFi Pulse . DeFi Pulse calculates the amount by combining the balance of Ether and other assets held in smart contracts settled on the Ethereum blockchain and multiplying them by […]
“A full-scale, multiple central bank digital currency (mCBDC) network could potentially save global corporates up to $100 billion in transaction costs annually, according to a joint research report from Oliver Wyman and JPMorgan. The report estimates that of the nearly $24 trillion in wholesale payments that moved across borders via the correspondent banking network each […]
“Thailand’s Siam Commercial Bank Pcl (SCB.BK) on Tuesday announced a $100 million investment in Indonesian fintech startup Akulaku, as part the bank’s expansion overseas and into technology. SCB last year announced major restructuring and expansion with a target of 200 million customers by 2025 for its businesses in Southeast Asia, which operate in six of […]
“The National Payments Corporation of India, the payments body that oversees the widely popular UPI instrument, has given approval to WhatsApp to extend its payments service to 100 million users in the South Asian market, a person familiar with the matter said. WhatsApp was previously allowed to rollout WhatsApp Pay to 40 million users in […]
“American Express and crypto trading platform and wallet provider Abra announced the upcoming launch of the Abra Crypto Card on the American Express network Friday…“The crypto rewards will be tradable across over 100 different cryptocurrencies supported by Abra, with no annual or foreign transaction fees,” the crypto company detailed.”
