Visa has reported robust third-quarter earnings, surpassing analyst expectations and demonstrating strong growth across key metrics. This impressive performance explains why the payments giant is nearing its 52-week high. The company announced adjusted earnings per share (EPS) of $2.98, a significant 23% increase from $2.42 in the same period last year, and comfortably beating the … Read more
Digital banking giant Revolut is reportedly exploring the acquisition of a US bank as a strategic move to accelerate its entry into the American market. This approach would allow the UK’s largest fintech to bypass the lengthy process of obtaining a banking charter from scratch, enabling it to offer lending services more quickly. While acquisition … Read more
The Bank of Korea (BOK) has announced the formation of a new Virtual Asset Division, a move aimed at enhancing its oversight of the crypto market and actively participating in the development of relevant legislation. According to local reports, this new division, situated within the central bank’s financial payment systems bureau, will be crucial in … Read more
PayPal is making a significant move to integrate cryptocurrency into everyday transactions with its new “Pay with Crypto” feature. This innovative payment option, set to roll out to U.S. merchants in the coming weeks, will enable businesses to accept over 100 different cryptocurrencies, encompassing a vast 90% of the $3+ trillion crypto market cap. This … Read more
BlackRock, the world’s largest asset manager with $12.5 trillion under management, has identified a significant trend: de-dollarization is actively prompting central banks globally to diversify their reserve holdings away from the traditional dominance of the US dollar. This strategic shift includes a growing interest in alternative assets such as gold and, notably, emerging digital currencies … Read more
The United Arab Emirates (UAE) is rapidly cementing its reputation as a global hub for digital assets, with a growing number of governmental entities and businesses, from judiciary bodies to airlines, taxi services, and gas stations, embracing cryptocurrency payments. The latest to join this progressive movement is Gulf Craft, a leading global builder of luxury … Read more
PNC Bank, a prominent U.S. financial services corporation with $421 billion in client assets, has announced a significant leap into the digital asset space by integrating Coinbase’s Crypto-as-a-Service (CaaS) platform. This strategic move will enable PNC customers to directly buy, hold, and sell cryptocurrencies through the bank’s trusted platform. In addition, PNC will also provide … Read more
A coalition of prominent U.S. banking groups is intensifying pressure on the Office of the Comptroller of the Currency (OCC), urging the federal regulator to delay decisions on granting national banking charters to cryptocurrency firms, specifically naming Ripple and Circle. Agencies including the American Bankers Association, alongside numerous other banks and credit union trade groups, … Read more
Denver, CO – Western Union, a stalwart in the global remittance industry, is embracing the future of digital finance. CEO Devin McGranahan recently announced the company’s strategic plans to integrate stablecoins into its extensive network, aiming to significantly enhance the efficiency of cross-border payments and promote global financial inclusivity. This move underscores Western Union’s commitment … Read more
Mastercard has announced that stablecoins are reaching a critical juncture, with practical real-world applications becoming more prevalent and a much-needed regulatory framework finally taking shape. In a recent blog post, the global payments giant underscored the growing utility of these digital assets in diverse areas such as cross-border payments, person-to-person (P2P) transfers, and digital commerce. … Read more