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Bitcoin Daily: Bank Of Canada Tests DLT; Crypto Startup Uphold Gets Into Loans

PYMNTS

The SBI Group plans to license Sepior ApS ’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. Work remains to be done to determine how it can be set up to maximize the benefits for the whole financial system.”.

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Blockchain Tracker: Capitol Hill To Startups, Incubators Inbetween

PYMNTS

Earlier this week, blockchain arrived on Capitol Hill by way of the formation of the Congressional Blockchain Caucus focused on examining and educating lawmakers on the payments technology and issues associated with the digital currency. Blockchain database startup BigchainDB just landed a sweet $3.37 Jared Polis (D-CO) and Rep.

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Latin America: Stablecoin Race Heats Up

Global Finance

Following the successful launch of Circle’s proprietary USDC via behemoth banks BTG Pactual and Nubank in March, the unicorn Latin American startup Mercado Libre has rolled out its commission-free dollar-backed stablecoin, the Meli Dolar. Foreign currency-backed stablecoins are widely seen as the next big thing in Latin America.

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BalanceHero Recorded More Than $100M In GMV Sales

PYMNTS

BalanceHero, the startup behind the popular Indian digital payments app True Balance , has roughly 60 million registered users and recorded $100 million in gross merchandise volume (GMV) sales. Reporters, citing company spokesperson Yongsung Yoo, said the startup has raised $42 million in venture funding.

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Bitcoin Daily: Coinbase Scoops Up Blockspring; BitPay Claims $1B+ In 2018 Transactions

PYMNTS

Bitpay , a processor of digital currency payments, claims that it has handled more than $1 billion in transactions in 2018, Coindesk reported. And Coinbase has scooped up a California startup called Blockspring , which helps companies make use of data from application programming interfaces (APIs), according to reports.

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Bitcoin Daily: SEC Demands Telegram’s ICO Allocations; Coinbase CEO Expects To See 1B Blockchain Users By Decade’s End

PYMNTS

By the end of the decade, most tech startups will have a crypto component, just like most tech startups use the internet and machine learning today,” he said in the post. . Upcoming startups in the crypto space will drive the utility phase — “people using crypto for non-trading purposes,” he said. .

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World’s Best Banks 2024: Global Winners

Global Finance

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. This time, the failures disproportionally affected the venture capital-backed tech startup sector that these banks catered to. Throughout 2023, JPMorgan Chase raised $2.3

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