BitPay secures coveted BitLicense for trading in New York

BitPay secures coveted BitLicense for trading in New York

| News | US

The digital currency remittance provider announced on Monday that it had been awarded an eagerly-awaited Virtual Currency License for New York’s Department of Financial Services (NYDFS). The coveted license, which is also referred to as a “BitLicense”, grants crypto providers such as BitPay permission to undertake virtual currency-related transactions with commercial enterprises and individual consumers throughout the state of New York.

Santander launches digital unit for money transfers

Spain's Banco Santander has announced the launch of its new digital investment unit, focused on ensuring the bank integrates new technology into its products and services to improve overall efficiency for customers. The unit will also be charged with investigating new service categories using tokenized securities in derivatives, capital markets and more.

| News | US

Xpress Money enters digital remittances market in the UAE

Xpress Money is taking the United Arab Emirate’s digital remittance space by storm. The brand recently announced a partnership with Abu Dhabi Commercial Bank (ADCB), enabling the two companies to perform money transfer transactions for their clients. The transfers can be sent to or from 14 different countries. The collaboration has resulted in the availability of the service through ADCB’s mobile banking app and its website online.

| News | Australia

Leverage the power of FX for profit gains

For many multinational businesses, the uncertainty created by fluctuating currency exchange rates makes it seem nearly impossible to prevent losses. Yet there are ways to effectively leverage currency exposure – not just to protect profits but to grow them. Several companies are already exploring the options of FX swings and capitalising on the opportunities that arise.
By Nigel Frith | | Currency Risk | See more in Business Guides

Truly knowing your customer will be the key to success in open banking

Technology stalwarts like Amazon, Apple, Facebook and Google are the biggest threat to banking Banks need to invest in personalised customer marketing as well as upgrading their digital platforms to compete The future of branch services hangs in the balance, but as broadband connections fail some rural inhabitants, they’ll be hoping for another solution
By Rachel Doyle | | Business Guides | See more in Business Guides

Paypal diversifies its offering and may look at cryptocurrencies again

Paypal continues to invest strategically to deliver digital payment innovations to merchants and customers alike. The company’s growth continues apace as a series of strategic partnerships with customer reward cards, Samsung Pay, Mastercard and Visa extend Paypal’s reach. Paypal has recently extended its reach into investments as it looks to extend its financial capabilities and has indicated that it may look at cryptocurrencies again
By Rachel Doyle | | US | See more in Business Guides

Hacks for transferring money in and out of Europe

While there’s no doubting the fact that the international money transfers industry has undergone a major boom over the last two decades, there are still some issues that people wanting to make cross-border payments must contend with. Like the issue of whether the money transfer company you’re thinking of will really work for your specific requirements.
By Nigel Frith | | Expats | See more in Personal Guides

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