LONDON PayPal Holdings Inc's decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.
LONDON PayPal Holdings Inc said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network. | Video
LONDON, Oct 21 PayPal Holdings Inc
joined the cryptocurrency market on Wednesday, allowing
customers to buy, sell and hold bitcoin and other virtual coins
using the U.S. digital payments company's online wallets.
LONDON Standard Chartered Plc's venture capital arm SC Ventures has made a strategic investment in Secret Double Octopus, a Tel Aviv-based startup providing authentication technology that removes the need for passwords, the companies said on Thursday.
LONDON London-based financial technology startup Revolut will offer U.S. customers a 4.5% bonus rate on savings deposits, it said on Thursday, making it the latest fintech looking to lure clients through higher interest rates than those offered by banks.
LONDON Mastercard Inc has made a strategic investment in fintech firm Marqeta Inc and extended an existing partnership with the card issuing start-up, the companies said on Thursday.
LONDON Citigroup Inc has made a strategic investment in Genesis Global Technology Limited, a London-based startup that develops technology to make it cheaper and faster for financial firms to build applications such as trading systems, the companies said on Monday.
Personal-finance company Credit Karma said on Tuesday it would launch a checking account to U.S. members this year, making it the latest fintech to join the crowded digital banking market.
Sept 29 Personal-finance company Credit Karma
said on Tuesday it would launch a checking account to U.S.
members this year, making it the latest fintech to join the
crowded digital banking market.
Wells Fargo & Co and data aggregator Envestnet Yodlee said on Thursday they had signed a data exchange agreement, the latest move in an ongoing tug of war between fintechs and large banks over information sharing.