Circle’s $400M round is a vote of confidence in stablecoin: Funding from Fidelity and BlackRock, which is also partnering with the USD Coin issuer, shows investors are optimistic about the future of stablecoin.
The card lets customers earn unlimited 2% cash back and may signal a broader move into general-purpose cards.
As trading slows, Robinhood adds Shiba Inu trading support: The “meme token” is one of four cryptos the US-based digital brokerage is including in its lineup—and its latest of several product releases.
Cash is on the decline everywhere, accounting for at most 44% of point-of-sale (POS) transaction value regionally and just 18% globally in 2021. Its share will drop to 10% worldwide by the end of 2025, with North America, Asia-Pacific, and Europe leading the charge away from physical money.
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Nubank lands $650M to double down in Mexico, Colombia: The Brazil-based neobank could use its home market products to deepen its presence in other LATAM countries.
Fifteen trademark applications filed last week suggest Mastercard is buying the NFT and metaverse hype.
The FDIC wants insured banks to report their crypto actions, while states look to exempt companies in the space from certain regulations.
Greenwood runs up against limits for its vision: The US neobank, which caters to Black and Latino Americans, found it necessary to work with “white-controlled banks” for a partnership and investments.
LendInvest gets to £2B ($2.75B) AUM: In the strong UK alt-lender market, it reported having crossed the platform assets under management (AUM) level just 30 months after hitting £1B ($1.38B).
Small bank adds debit cards to its BaaS for crypto companies: BankProv said it’s partnering with Synctera, a fintech as a service platform, in a debit card BIN sponsorship program.
Block’s Jack Dorsey announced three new services at the Bitcoin 2022 conference aimed at streamlining Bitcoin investing and purchasing.