Michele Mattei的动态

Fintech News??: Revolut and Ledger wallet enables new crypto rails in EEA Cryptocurrency-friendly online bank Revolut is collaborating with a major hardware wallet firm, Ledger, to expand crypto payment rails in specific European Economic Area (EEA) countries. Revolut and Ledger jointly?announced?a new partnership on Aug. 14. The partnership aims to allow Ledger customers to buy and sell cryptocurrencies like Bitcoin?through Revolut’s on-ramp service, Revolut Ramp. As part of the collaboration, Revolut will join Ledger’s crypto wallet application Ledger Live as an official buy provider in 27 EEA countries, including Bulgaria, Czech, Denmark, Ireland, Latvia, Malta, Switzerland and others. Ledger and Revolut unite self-custody and crypto trading The collaboration between Revolut and Ledger aims to further complete Ledger’s?self-custodial?wallets and simplify the process of buying cryptocurrency. With the new integration, existing Revolut customers who have completed integrated Know Your Customer (KYC) checks can skip verification and checkout right away and buy crypto in seconds. “With more people wanting to participate in the digital asset economy, self-custody will naturally become the focal point as they look to leverage the benefits of crypto,” the companies said in a joint press release, adding: “Users will now be able to trade with Revolut, all while maintaining full digital ownership.” Revolut Ramp also offers an integrated KYC process that non-Revolut customers can complete to pay with a Visa or Mastercard in a few minutes. Additionally, the integration introduces Revolut Pay as a payment method on Ledger, enabling instant payments online. ?? Subscribe for news insights https://lnkd.in/d94JgWBU Source Cointelegraph #fintech #crypto #payments

Cashaa has announced a strategic shift in its #BusinessModel, marking the discontinuation of banking services for #crypto and other high-risk businesses. Kumar Gaurav, Founder, said, “#Cashaa is one of the most trusted financial institutions which has facilitated the movement of millions of dollars for crypto businesses without facing any security breaches, regulatory sanctions, or fines since the last 8 years. Our track record underscores our commitment to security, reliability, and regulatory compliance.?We believe the year 2024 is the year of mainstream adoption of crypto with the likes of Black Rock and many trillion-dollar institutions entering the space, especially post Bitcoin ETF approvals by the SEC. This will bring billions of new users who had never considered crypto as an asset class. Cashaa will now focus on providing the same trust, commitment, and security to these new users who are getting ready to come into the crypto space.” To lead the new era of Cashaa and its transition from business banking to crypto banking Mr. Amjad Raza Khan, co-founder and architect of Cashaa wallet has been appointed as the new CEO, who said, “After careful evaluation of our historical strength and long-standing trust that we have given to the industry, we have decided to make multiple strategic changes in the company to make Cashaa a well-known brand among millions of users expected to come into the crypto space during the next bull market. We are completing our regulatory, product, and corporate restructuring towards the growth of the CAS token and its ecosystem.” . Read in detail at: https://lnkd.in/gtE7vAHY . Janina Lowisz Dinesh Prasad Akash Gaurav Nisha Yadav Alex Norta Anamaria Redeanu Irina Maltseva . #smartstateindia #cryptocurrency #cryptonews #bitcoin #cryptobank

“OpenFi” an alternate to #TraditionalBanks, #NeoBanks and #DeFi? What is #OpenFi? OpenFi, short for Open Finance, is an ecosystem where financial data, services, and products are accessible and interconnected to offer seamless customer-centric financial experience. The concept lies in starting a user-controlled account versus having #banks as the KYC-enforcing gatekeeper. In short, OpenFi is a framework for integrating noncustodial #blockchain solutions into the traditional financial system. What is a noncustodial blockchain? A non-custodial blockchain allows users to have full control over their funds and private keys without relying on third parties. #Bitcoin is a non-custodial blockchain. Users hold their private keys in their own wallets, enabling them to directly send and receive bitcoins without needing intermediaries like banks or exchanges to manage their assets. Imagine you use different #financialservices for #banking, #investments, #insurance, and budgeting. With OpenFi, all these services can be interconnected through APIs. Use a single app that integrates your bank account, investment portfolio, insurance policies, and budgeting tools, giving you a holistic view of your finances, and enabling easier management. What is #NeoBanking? Neo banks are digital-only banks that operate without physical branches, offering traditional banking services through #mobile and #web platforms. They focus on user-friendly interfaces and often leverage open banking APIs to offer innovative financial services. Neo Banks in India: #Niyogin, #FiMoney, #Jupiter. What is DeFi? DeFi uses blockchain to recreate traditional financial systems (like lending, borrowing, trading) in a decentralized manner, eliminating intermediaries. DeFi aims for financial inclusion and transparency through smart contracts on blockchain networks. Cryptography in Open Banking a #Fintech Vision? Imagine a future where banking accounts are replaced by smart wallets, enabling users to manage their finances independent of any one centralized entity. Challenge is to have a concerted effort to develop more user-friendly applications that are better than offered by traditional fintech companies, with identity and security solutions. KYC, most users need to repeatedly verify their identity when accessing different financial services. OpenFi, proposes a unified identity solution that simplifies this process. Though OpenFi looks promising, traditional financial institutions will continue to play a pivotal role. Merchants and service providers are not yet ready to accept direct crypto payments, which is why hybrid solutions like #Razorpay, #Paytm, etc. are needed to bridge this gap while maintaining regulatory compliance. Migrating accounts from banking services is a herculean task, one can hope OpenFi to fulfill the promise of an open, user-centric financial ecosystem, with enhanced choices for the users. Pic Source: Blockworks | Data Source: Gemini, Blockworks.

?? Acura Capital and Patex Debut Pioneering Digital Bank in Latin America ???? Exciting developments in financial technology! Acura Capital, in collaboration with Patex , has launched a state-of-the-art digital bank tailored to revolutionize the banking sector across Latin America. This venture brings together traditional banking with modern crypto solutions to address the unique financial needs of over 670 million people in the region. What’s New? 1?? RWA Tokenization: Transforming real-world assets into tradeable securities, this feature enhances investment opportunities within Latin America's robust economy. 2?? Digital Wallet: An advanced, secure platform for effortless management of digital currencies and financial assets. 3?? Patex Tokens for Payments: Leveraging blockchain for rapid and secure transactions using the Pix system, reducing dependency on conventional banking intermediaries. 4?? Floating Services: Offering adaptive interest rates on savings and loans, aligning with current market conditions to benefit customers. 5?? Crypto Cards: Facilitating seamless transactions in both digital and traditional marketplaces, compatible with major digital payment systems like Apple Pay and Google Pay. 6?? Instant Money Transfer: Providing users with the ability to send and receive funds instantaneously at any time. Looking Ahead: This partnership marries Acura Capital's deep financial expertise with Patex 's cutting-edge blockchain technology to deliver a secure, intuitive, and comprehensive digital banking experience. By integrating these technologies, the bank aims to bridge the gap between traditional financial services and the digital economy, promising enhanced accessibility and efficiency. ?? How do you think this new digital bank will impact financial accessibility and innovation in Latin America? What challenges might they face in this dynamic market? ?? Feel free to share your thoughts and discuss the future of digital banking in Latin America! #DigitalBanking #FinancialInnovation #Blockchain #Crypto #AcuraCapital #Patex #LatinAmericaFinance Find the full article here ?? https://lnkd.in/ejEJFCjJ

MY TOP 9 reasons why new payment rail built around digital assets introduces several interesting aspects and opportunities compared to traditional fiat-based payment systems. 1. Speed and Efficiency Real-Time Settlement: #DigitalAssets, especially those built on #blockchain, offer near-instantaneous settlement of transactions. In contrast, traditional fiat payment systems, such as SWIFT or ACH, can take days to settle cross-border payments. - 24/7 Operation Unlike banks or legacy payment networks that operate during business hours and on weekdays, #blockchain-based payment rails operate continuously, enabling transactions at any time. 2. Lower Costs - Reduced Intermediaries: Traditional payment systems rely on multiple intermediaries (banks, clearinghouses, etc.), each of which takes a fee. Digital asset transactions can occur peer-to-peer, bypassing many of these intermediaries, which lowers transaction costs. - No Currency Conversion Fees: For international payments, traditional systems often require currency conversion fees. With digital assets, such as #stablecoins or #cryptocurrencies, these fees can be minimized or eliminated, especially if a single asset like a stablecoin is used globally. 3. Financial Inclusion - Access to the #Unbanked: Digital asset payment systems can be accessed by anyone with a smartphone and an internet connection. This can provide financial services to the billions of people worldwide who are unbanked or underbanked but have access to digital tools. - #Cross-Border #Remittances: Sending money across borders using traditional methods can be slow and expensive, particularly for people in developing nations. Blockchain-based #remittances can provide faster, cheaper alternatives, improving the efficiency of cross-border payments. 4. #Programmability and #SmartContracts - #Programmable Money: Digital assets often operate on smart contract-enabled platforms like Ethereum. This allows payments to be conditional, automated, or integrated into decentralized applications (dApps). Programmable money creates new business models, such as automated escrow services, recurring payments, or pay-per-use models, which are more complex to implement with fiat. - #DeFi Integration: Decentralized Finance (DeFi) platforms offer opportunities for users to access financial services like lending, borrowing, and yield farming without intermediaries. Digital asset rails can integrate with DeFi, providing businesses and individuals more ways to manage their finances. 5. #Transparency and #Security - immutable Records: Payments on a blockchain create a transparent, #auditable ledger of transactions. This increases accountability and security in financial transactions, reducing fraud or disputes. - #Decentralization: Unlike centralized payment systems controlled by banks or governments, many digital asset payment systems are decentralized, reducing the risks of single points of failure or censorship.

This guide aims to provide a foundational understanding of crypto bulk payments, detailing their functionality, benefits, and how they are transforming the way digital transactions are conducted. #cryptobulkpayments

This guide aims to provide a foundational understanding of crypto bulk payments, detailing their functionality, benefits, and how they are transforming the way digital transactions are conducted. #bulkpayments

The 2024 Coincub Crypto Banking Report offers an in-depth look into the transformative world of crypto banking, underscoring the remarkable integration of cryptocurrencies into traditional financial systems. Let's dive into some key insights and trends from this comprehensive report. ??Unprecedented Market Growth Bitcoin's surge past the $70,000 mark in 2024 signifies a new era of market confidence. This growth is not just a milestone for Bitcoin but a catalyst for the expanding landscape of crypto banking. As Bitcoin gains traction, so does the interest in integrating digital assets into traditional banking services. ??Global Leadership in Crypto Banking Europe leads the way with 63 banks offering cryptocurrency services, showcasing the continent's proactive approach to regulation and innovation. North America follows closely with 30 banks, while Asia, South America, and other regions are rapidly catching up. This global distribution highlights the widespread acceptance and integration of crypto assets in financial institutions. ??Diverse Participation and Services The report highlights a diverse participation of traditional, fintech, and crypto-focused banks. Services range from crypto trading and custody to the support of stablecoins and tokenization. This diversity indicates a maturing market where banks are not just adopting but innovating with crypto technologies. ??Key Trends and Developments: 1. ETF Milestone: The approval of spot Bitcoin ETFs in the U.S. marks a significant step towards legitimizing cryptocurrencies, attracting institutional investors, and opening new avenues for digital asset management. 2. Adoption of Stablecoins and Tokenization: Major banks are increasingly adopting stablecoins and exploring tokenization, signaling a shift towards more innovative and secure banking solutions. 3. Blockchain and DeFi Integration: Financial institutions show growing interest in blockchain and decentralized finance (DeFi) products, aiming to enhance customer services and operational efficiency. 4. Employment Trends: The rise of cryptocurrencies is creating new job opportunities, especially in blockchain development, digital currency offerings, and cyber-security. INXY Payments' Perspective At INXY Payments, we are at the forefront of this revolution. We fully comply with EU regulations (MiCA) and hold a VASP license, ensuring we meet all AML and KYC standards. Our commitment to security and compliance positions us as a reliable partner for businesses looking to integrate crypto into their operations. Join us in navigating the future of crypto banking with confidence and ease. Let's drive the fintech industry forward, embracing innovation and ensuring a secure, efficient financial ecosystem. #CryptoBanking #Fintech #Bitcoin #Blockchain #DeFi #INXYPayments #DigitalAssets

Our team is passionately working on?а?next-level crypto banking solution.?Updates are on the way! Recently we're receiving an increasing number of requests to launch digital asset bank, and more FinTech startups are keen to venture into crypto. The team is working on our crypto banking solution, which is designed to appeal to the younger, tech-savvy audience looking for innovative financial solutions. It offers a robust backend, user-friendly interface, and a suite of ready-to-use features allowing traditional banks and fintech businesses to enter Web3 with up to 2x faster time to market. Here's what's new and improved with our custodial module: ?? More customization options available ?? Reduced reliance on third-party services for integration, making support easier ?? Greater control over the module, minimizing the risk of operational disruptions ?? Enhanced flexibility in compliance with potential scaling regulations Products planning to launch a digital wallet can also use our solution to expand their offering of crypto-related services. Why us? ? 300+ skilled engineers with 14 years in software development, including 8+ years in blockchain. ? Our team gathered seasoned professionals who worked at McKinsey, Barclays, and Mastercard. We've opened up 2 more spots for the Discovery Phase for March. Reserve your place now by leaving a request using this link: https://bit.ly/4IREform #cryptobank #cryptowallet #cryptobanking #fintech?