PayPal Shares Climb 7% Amid Strong Profit Forecast, SEC Scrutiny
Nov 03, 2023 06:36 am UTC| Business Fintech Digital Currency
PayPals market value soared by nearly US$4 billion following its announcement of becoming leaner, which had investors enthused. Investors remained undeterred even as PayPal disclosed a subpoena from the US Securities and...
Mastercard Partners with MoonPay to Unlock Web3 Capabilities in Experiential Marketing
Oct 27, 2023 05:59 am UTC| Business Fintech Digital Currency
Global payment giant Mastercard continues its exploration of cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay. The partnership aims to explore how Web3 tools can improve experiential...
Mastercard Partners with Reserve Bank of Australia for Groundbreaking CBDC-NFT Trial
Oct 13, 2023 08:55 am UTC| Economy Fintech Digital Currency Business
Mastercard and the Reserve Bank of Australia have completed a groundbreaking trial integrating central bank digital currencies (CBDCs) with Ethereum-based non-fungible tokens (NFTs), potentially redefining digital asset...
WeBank Eyes 'Open Consortium Chain 2.0' Amid Shift to More Public-Oriented Blockchains
Sep 22, 2023 11:21 am UTC| Economy Fintech Business
WeBank, Chinas leading digital-only bank, aims to transition from its permissioned consortium blockchains toward more public-oriented ones, highlighting the potential of Open Consortium Chain 2.0. As it seeks greater...
Citi Unveils Blockchain Platform 'Citi Token Services' for Enhanced Digital Asset Interaction
Sep 19, 2023 06:06 am UTC| Economy Fintech Digital Currency Business
CitiGroup introduced its groundbreaking Citi Token Services blockchain platform, offering institutional clients 24/7 access to tokenized deposits, cross-border payments, and automated trade finance capabilities. Shahmir...
JPMorgan, Citibank Korea Face FTC Penalties Over Collusion; Supreme Court Upholds Ruling
Sep 14, 2023 05:54 am UTC| Business Economy Fintech
The Supreme Court upheld penalties against Citibank Korea, JPMorgan, and two others imposed by the Fair Trade Commission (FTC) over alleged collusion in currency exchange swap transaction bids with state...
PayPal Unveils Direct Crypto to US Dollars Conversion; MetaMask Integration Goes Live
Sep 13, 2023 04:11 am UTC| Economy Digital Currency Business Fintech
PayPal expands its digital asset services, introducing innovative methods for buying and selling cryptocurrencies like Bitcoin. The latest feature, now live on MetaMask, offers U.S. customers seamless transactions within...
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