Bankruptcy
Backpack begins identity verification to repay FTX EU claimants
This development comes as FTX is about to begin the second phase of its payouts by May 30.
Oluwapelumi Adejumo 2 min read
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Legislation
Panama introduces legislation to legalize voluntary crypto payments, regulate industry
The draft bill also creates a regulatory framework for Virtual Asset Service Providers (VASPs), including wallets, exchanges, and custody platforms.
Technology
Ripple teams up with Chipper Cash for blockchain-powered cross-border payments in Africa
Ripple aims to drive economic growth and financial inclusion across underserved African markets with blockchain technology.
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Crypto
Ripple’s becomes first blockchain to acquire Dubai regulatory approval for cross-border payment
Ripple gains strategic foothold in the UAE, enhancing its global regulatory reach with over 60 international licenses.
Payments
Mastercard tokenized 30% of its 2024 transactions per SEC filing
Mastercard embraces blockchain innovation to stay ahead in the competitive payments landscape.
Banking
ECB empowers fintechs with direct access to Europe’s central bank payment systems
ECB's regulatory move enables fintechs direct Eurosystem access, enhancing competition and reducing dependency on traditional banks.
Crypto
Ripple partners with Unicâmbio to enable Portugal-Brazil remittances
The partnership with Unicâmbio is Ripple's first foray into the Portugal-Brazil payment corridor.
Adoption
‘Last large fintech in the world’ Klarna to embrace crypto amid upcoming IPO
Klarna's $15 billion IPO on the horizon as crypto integration promises to reshape the fintech landscape.
Stablecoins
Stablecoins surpass Visa and Mastercard with $27.6 trillion transfer volume in 2024
High-speed and highly liquid networks like Solana propelled stablecoin trading volume way past Visa and Mastercard in 2024.
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Payments
Elon Musk’s X takes first step toward ‘everything app’ with Visa deal
Exchanges
Binance enabled $26 billion in remittances via crypto over 2 years, saving users $1.75 billion
Stablecoins
Western Union and MoneyGram app usage drops as stablecoin adoption surges
Technology
