China’s Official Wallet App Launches Offline Payments
The Chinese digital yuan app launched a new feature that allows users to make payments from mobile phones offline.
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Neobank Kompasbank Raises €12 Million
Kompasbank, the youngest bank in Denmark, has attracted new financing for 12 million euros.
TikTok ByteDance Launches Payments With J.P. Morgan
J.P. Morgan works with TikTok’s parent company ByteDance on payment technology.
Bank of Tanzania Explores Prospects for Implementing CBDC
The Central Bank of Tanzania will make a final decision on the CBDC after completing a study of the practice of using virtual national money.
Debates Around CBDCs Continue
Senior adviser at the Bank of England argues CBDCs are not worth the associated costs and risks
Chinese Exports Suffer Sharpest Fall in 3 Years
Exports of goods from China fell to the lowest level in the last three years due to the coronavirus pandemic.
BigCommerce Partners Vyne for A2A Payments
Vyne and BigCommerce partnered to enable e-commerce merchants to improve their sales in a cost-effective way
El Salvador Passes Bill To Fund Building ‘Bitcoin City’
El Salvador’s National Bitcoin Office (NBO) has announced the passing of the Digital Assets Issuance bill. Passed by the El Salvador Congress on January 11, with 62 members voting for and 16 against, the bill will become law once signed by President Nayib Bukele.
Emerging Market Governments Raise $40 Billion in Bonds in January
Since the beginning of 2023, governments of emerging markets have raised more than $40 billion in international bond markets.
Businesses Adopting Blockchain Despite Crypto Turbulence
A recent survey revealed that nearly 90% of businesses deploy blockchain technology in some capacity and plan to invest in blockchain in 2023
Crypto.com Cuts Global Workforce 20%
Digital Asset Exchange Company Crypto.com announced its intention to reduce the part of employees.
JPMorgan Chase Sues Founder of Online Portal It Acquired
JPMorgan Chase announced the start of legal proceedings with the founder of the online financial planning college platform.
ATM Withdrawals Up First in Decade
Nationwide Building Society has recorded ATM withdrawals climb for the first time in 13 years as UK citizens try to minimize their spending by budgeting with cash
ClearScore Launches B2B Unit
The credit scoring service and the ClearScore marketplace launched a business-to-business division.
Fidelity Buys Shoobx
Fidelity Investments acquired Shoobx, a provider of automated money management operations and software for financing private companies.
Axis Bank Partners OPEN for Fully Digital Current Business Account
One of the largest private sector banks in India – Axis Bank – partnered with the digital banking enterprise, OPEN, to provide a fully native digital current account for its business customers
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