Fintech

Over 2,000 Grocery Stores in the U.S Enable Bitcoin Buying at Coinstar Kiosks

Over 2,000 Grocery Stores in the U.S Enable Bitcoin Buying at Coinstar Kiosks

Coinme, a blockchain financial technology company announced the launch of more kiosks where Bitcoin can be bought in over various locations in the U.S. It has collaborated with Coinstar, a company that operates self-service coin-counting kiosks. The duo has launched kiosks where Bitcoin can be purchased in across U.S.A. The kiosks could only be found in 70 locations such as Albertsons and Safeway locations across California, Texas, and Washington.

Japan Major Financial Institution to Introduce Blockchain-powered Trade Finance Services

Japan: Major Financial Institution to Introduce Blockchain-powered Trade Finance Services

One of the largest bank in terms of total assets in Japan, the Sumitomo Mitsui Banking Corporation (SMBC) will be launching blockchain-powered trade finance services. The managing director of Marco Polo, Danie Cotti explained, “Today, we have the resources and technology to transform the way banks serve their trade finance customers and enable easier access to credit while minimizing risk and increasing transparency.”

New Crypto & Fintech Regulation Bill By Chilean Government

New Crypto & Fintech Regulation Bill By Chilean Government

A bill regulating cryptocurrencies and fintech announced by the Minister of Finance of the Chilean government Felipe Larraín. Larrain explained, “Regulation of these platforms would mitigate some of the risks, such as money laundering and terrorist financing, and increase the legal certainty with which they operate. We want to adequately protect against the risks associated with this kind of activity.”

SILA Launch New Economy App in Beta

SILA Launch New Economy App in Beta

An API platform for the development of FinTech, Sila has launched a Beta program with vision to become a connecting bridge of Ethereum blockchain and the existing payment system. The CEO of Sila, Shamir Kakal commented, “Blockchain has provided a revolutionary method to transfer value, but the industry still needs to connect to existing banking facilities to move forward.”

Line Messaging App To Enter In FinTech and Cashless Payment

Line Messaging App To Enter In FinTech and Cashless Payment

A popular messaging app in Asia Line plans to enter into digital payment and other fintech services. Jungho Shin, the founder of Line, said that, “My biggest priority is to ensure that the company is in a constant position to deliver innovation. As many cases in the US and Europe show, the fear is that we will become big and sluggish.”

SEC Organizes Public Forum for Fintech and Blockchain

SEC Organizes Public Forum for Fintech and Blockchain

As an effort in gaining more information and understanding regarding the emerging technology of Blockchain, SEC has shared that they’re going to organized a public forum on fintech and blockchain. The public forum will be organized on this coming May 2019 at the SEC’s Washington D.C headquarters and will become the second one of its kind.

Israeli Fintech Firms Indulged in Crypto Targeted by Malware

Israeli Fintech Firms Indulged in Crypto Targeted by Malware

A cybersecurity company Palo Alto Networks have reported that the Israeli fintech companies that are working with cryptocurrency are targeted by Malware. The report was prepared by the company’s research department Unit 42 have claimed that there is a possible correlation between Cardinal RAT and JavaScript-based malware dubbed EVILNUM which was used in attacking similar organizations.

Gold-in Joins Hand With DRIVE Markets To Tap HFTs

Gold-in Joins Hand With DRIVE Markets To Tap HFTs

DRIVE Markets, a crypto exchange entered into a partnership with Financial technology firm Gold-i with aim to provide high frequency traders (HFTs) with access to cryptocurrency markets. Gold-i CEO Tom Higgins said “We have a range of cryptocurrency market makers within our nework and look forward to helping DRIVE Markets to maximise opportunities through our partnership.”

Token.io Collaborates with Mastercard to Develop “Open Banking Hub”

Token.io Collaborates with Mastercard to Develop “Open Banking Hub”

A collaboration made between Token.io that is also the fintech stellar start-up with a global payment provider, Mastercard with the aim in building the “open banking hub”.The Senior VP of Mastercard, Jim Wadsworth expressed his optimism towards open banking by describing that it has the potential to revolutionise how we all interact with financial services.

Ripple to help Mexico and Philippines Transfer

Ripple to help Mexico and Philippines Transfer

Vienna-based fintech start-up, Transpaygo to use xRapid (XRP-blockchain) for Mexico and Philippines transfer payment. Its Founder, Mirko Kinigadner explained, “Thanks to Ripple, we can tap the promising markets of Mexico and the Philippines in a whole new way for money transfer. In this cooperation, we see the future: even safer and cheaper money transfers abroad. And in a few minutes.”