From taxes to electricity, blockchain adoption is growing in Austria
The blockchain technology landscape is shifting in Austria, with public institutions and private firms experimenting with the tech.
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Japanese Fintech Firm Kyash Raises $41 Million, Jack Dorsey’s Block Participates in Funding
A Tokyo-based financial technology company called Kyash has raised $41.2 million in a Series D funding round which saw participation from the Block (formerly known as Square). The investment into…
Jack Dorsey’s Block joins $41M funding for Japanese fintech Kyash
This latest raise brings Kyash's valuation to approximately $107.7 million.
Report: Africa Fintech Startups Raised $2 Billion in 2021
Africa’s fintech startups are reported to have raised $2 billion in the past year alone. This amount dwarfs the $231 million that was raised in the year 2020. Nigerian startups…
Dedicated crypto teams booming within traditional financial firms
As more and more financial giants set up crypto research teams, experts see this trend continuing to gain traction in the future.
Bank of Uganda Reportedly Commences CBDC Study
The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive with the institution warned that the central bank needed…
Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia
A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech…
Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System
Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, however, warns that any issuance of such digital…
Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official
The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes a study that looks at the benefits and risks that…
Avalanche blockchain now accessible to 4.5M users across Wirex payment ecosystem
Users can spend AVAX, in addition to 61 crypto and traditional currencies on Wirex once linked up to a crypto-enabled debit card.
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