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

PYMNTS

SBI President and CEO Yoshitaka Kitao said in the announcement that signatures based on MPC “offered our desired level of security, performance and scalability needed to manage transactions for our growing SBI Virtual Currencies customer base.”. With the company’s Earn product, consumers will be able to get interest on stablecoin holdings.

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Blockchain Tracker: Capitol Hill To Startups, Incubators Inbetween

PYMNTS

can continue to secure its stance as the global leader of ingenuity.”. But this week, Microsoft and Bank of America Merrill Lynch (BAML) said they’re coming together to create a blockchain-based financial system, which they intend to sell to other businesses. Blockchain database startup BigchainDB just landed a sweet $3.37

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Fidelity Teams With TCH To Launch Personal Data Startup

PYMNTS

The parent company of Fidelity Investments , FMR LLC, is launching an independent personal data startup called Akoya in conjunction with The Clearing House (TCH) and 11 of its member banks, Fidelity announced on Thursday (Feb. The new network boosts financial system security as it speeds up API adoption.

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SVB Collapse Puts Additional Pressure on CFOs

The Finance Weekly

SVB may have been a unique case as its customers were mostly startups, and primarily tech startups. It is possible that other banks could be on the same path to failure, given that they may have gotten caught up in the “easy money” during Covid and mismanaged their fixed-income securities portfolios during the interest rate hikes.

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Why Banks Withhold Cards From Startups ? Even With VC Funding

PYMNTS

The world’s startups are having a good year. With so much money up for grabs, it may come as a surprise that startups often struggle to get approved for a credit card, even after a lucrative funding round. Though a startup could secure millions in venture capital funding, it could still take years to turn a profit.

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Blockchain Tracker: Prizes And Regulations, Do They Mix?

PYMNTS

Blockchain startup contests. With €15,000 in prize money ready to be handed out, BlockchainHub Graz and industry partners have announced a Blockchain Startup Contest. That money will be awarded through two categories: software and hardware startups. The Blockchain Startup Contest is the very thing that the industry needs.

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Mastercard, Accion Offer MSMEs Funds, Technology

PYMNTS

Micro-merchants, such as grocers and “mom and pop” stores, operate largely in cash rather than through safe, secure and swift, digitally enabled transactions. They will also facilitate a FinTech acceleration program to support startups that work to optimize the digital ecosystem for micro-merchants.