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.
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.
Stellar Lumens has announced a foray into international money transfers by partnering with payments provider Tempo to facilitate transactions using native coin.
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.
· Xpress Money’s move will aid the United Arab Emirates’ move into a cashless economy, according to a press release... read more
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