Kasikornbank and SCBX, two leading Thai banks, are pioneering stablecoin-powered remittance services, revolutionizing cross-border transactions and potentially transforming Thailand’s financial landscape. This move leverages Thailand’s robust mobile payment infrastructure and large migrant worker population, but regulatory uncertainties remain.
Robinhood’s new Gold credit card is generating significant buzz, receiving unexpected praise from OpenAI CEO Sam Altman. The card’s luxurious design and competitive rewards program have driven over one million waitlist sign-ups in just one month, signaling a potential game-changer in the fintech industry. This endorsement, coupled with Robinhood’s broader strategy to expand its financial services ecosystem, points to strong growth potential.
Qraft Technologies, a South Korean fintech firm backed by SoftBank, significantly boosted its Tesla investment in December, mirroring a broader market shift fueled by anticipation of Trump’s economic policies. This move, alongside investments in other ‘Trump trades,’ highlights the volatile market and the potential impact of the incoming administration.
SoFi Technologies is experiencing explosive growth, exceeding expectations and attracting Wall Street’s attention. Its impressive Q3 2024 results, strategic partnerships, and innovative product pipeline position it for significant success in the booming US fintech sector, potentially challenging established giants. However, economic factors and market competition remain considerations for investors.
Stablecoin infrastructure project usdx.money announces a $45 million funding round, boosting its valuation to $275 million. The investment will fuel the expansion of USDX, its flagship stablecoin, through increased liquidity, DeFi integration, and innovative payout models.
UPI transactions in India hit a new high in November, reaching 15.48 billion, a remarkable 38% year-on-year growth. This surge reflects the increasing adoption of digital payments across the country, with significant growth also seen in FASTag and AePS transactions. The integration of RuPay credit cards with UPI further fuels this digital revolution.
AIFXL is disrupting the forex trading industry with its AI-driven trading platform, The Calculus. This innovative solution offers retail traders access to sophisticated tools previously unavailable, sparking both excitement and regulatory scrutiny. Learn how The Calculus is changing the game and the implications for the future of forex trading.
President-elect Donald Trump’s transition team is reportedly considering Paul Atkins, a prominent figure in financial regulation and a known advocate for digital assets, to lead the U.S. Securities and Exchange Commission (SEC). This potential appointment signals a significant shift in the SEC’s regulatory approach towards cryptocurrency and fintech.
POSaBIT Systems Corporation (POSAF), a cannabis industry payments provider, reported a Q3 2024 revenue decline due to temporary transaction disruptions. However, the company showcased improved gross profit margin and adjusted EBITDA, signaling a path to profitability. They’ve also implemented cost-cutting measures and are pursuing a TSXV listing.
Tickblaze, a leading provider of advanced trading technology, announced its strategic expansion into the retail market at the Benzinga Fintech Awards. CEO Sean Kozak highlighted the company’s commitment to democratizing access to sophisticated trading tools through strategic partnerships and collaboration within the fintech industry.
