PayPal’s Crypto Holdings increases by 56% in First Quarter of 2023
Fintech company PayPal disclosed its cryptocurrency assets hold BTC and ETH worth $499 and $362 million, respectively, which is more than a 56% rise in its most recent quarterly report to the Securities and Exchange Commission (SEC). The filing claims that PayPal had a total of $943 million in cryptocurrency assets as of March 31, […]
Nomba Raises $30M to Boost Payment Solutions In Africa
Formerly known as Kudi, the Nigerian payments firm secured a pre-Series B fundraising round led by Base10 Partners to develop and expand its innovative products and services. Nomba, a Nigerian payments firm, raised $30 million in funding before Series B. Base10 Partners of San Francisco headed the startup’s oversubscribed equity round and included major investors […]
Fintech giant Stripe Introduces On-Ramp Crypto Service
A crypto onramp service has been developed by Fintech giant Stripe to make it simple for businesses to integrate digital currencies into their product line. An onramp for converting fiat currency to cryptocurrency has been launched by Irish-American startup Stripe. Customers in the United States will be able to buy cryptocurrencies more easily thanks to […]
India, UAE sign bilateral CBDC, Fintech innovation agreement
In a significant move towards fostering innovation in the financial sector, CBUAE and RBI have signed a CBDC and Fintech innovation agreement. The agreement aims to improve coordination between the two central banks, with a particular emphasis on new fintech applications like central bank digital currencies (CBDCs). According to the terms of the Agreement, the […]
The Role of Artificial Intelligence in Fintech
Artificial intelligence (AI) plays a vital role in the field of financial technology (fintech) by providing efficient and accurate financial decisions. In this article, we’ll learn all about the role of artificial intelligence in Fintech. Businesses in the financial sector can benefit from artificial intelligence (AI) by using it to better manage and analyze data […]