Weekly digest: Coinbase to join crypto futures market, CHAPS payments explained, best fintech bootcamps

We’ve gathered some of the best and most interesting articles over the last week.

What is CHAPS payment?

Automated payment systems introduced by Clearing Houses in the 1970s-1980s eliminated a lot of manual work and facilitated cashless payments. Today, we’ll explore how it works in England.

PayPal raises fees between UK and European businesses: reason unveiled

According to Ecommerce News, PayPal will raise the fees for payments between businesses in the UK and those in Europe. The reason for this price increase is Brexit since with the UK no longer being part of the EEA, PayPal’s costs are higher than usual.

​​Top 20 blockchain companies worldwide

Blockchain technology disrupts numerous industries like payments, cybersecurity and healthcare. Blockchain companies serve as third-party providers of blockchain infrastructure by designing and developing multi-functional blockchain applications.

TrueLayer introduced instant refunds and withdrawals solution

UK-based TrueLayer has launched Payouts solution that will solve the problem of slow refunds and withdrawals.

Payouts is available for TrueLayer customers including Cazoo. The UK car retailer uses the platform to instantly remit funds to customers once they sell their vehicles using the platform.

The open banking platform will solve issues pertaining to slow and fragmented payout processing. This has been made possible through the combination of fast payment rails and open banking verification, a move that will see customers receive funds in the right way to the right channels.

El camino de la prosperidad 2021: estímulos económicos en Latinoamérica

¿Te gustaría conocer todos los estímulos económicos en Latinoamérica? En este artículo, te mencionaremos todas las acciones económicas de los países más importantes de la región junto a España. ¿Estás listo?

Coinbase applies to join crypto futures market

Coinbase has applied to become a fully registered Futures Commission Merchant (FCM). The application has been submitted to the National Futures Association (NFA).

Best fintech bootcamps to watch in 2021

Bootcamps offer excellent educational opportunities to professionals in the fintech segment. Having high intensity and practical focus, they enable rapid specialisation in the technology sector. It’s possible to learn new tech skills even without disrupting one’s current working schedule. The fintech bootcamps’ curriculum typically includes topics such as AI algorithms, machine learning, fundamental programming, finance, blockchain and big data.

UK sees record second quarter for creation of new businesses

The study by tax app Ember found that from the start of April up to the end of June 2021, 190,639 companies were incorporated at Companies House.

Top 5 NFT marketplaces

The market for non-fungible tokens (NFTs) surged to new highs in June, reaching $2.5 billion in sales, up from just $13.7 million in the first half of 2020. Since NFTs are gaining popularity as a way of art ownership, the whole ecosystems are built around their exchange. NFT marketplaces are on the rise, to facilitate seamless NFT transactions and get high returns.

Cardano announced smart contract upgrade

Cardano has launched smart contractors, according to the official announcement.

Announced on Twitter, the upgrade was completed at epoch 290. The centralized system that extends economic opportunity and identity to everyone will facilitate the execution and creation of the public blockchain. Even with the celebrations on the milestone, the project is still in the early stages and the mission has only begun.

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Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.