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Top fintechinshorts.com News
Finance · United StatesCharlie Javice, founder of a startup acquired by JPMorgan Chase in 2021 for $175 million, was sentenced to just over 7 years in prison Monday for defrauding the bank by overstating how many customers the fintech firm had, Reuters reported.
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Startup founder Charlie Javice reportedly sentenced to 7 years in prison for defrauding JPMorgan Chase
63% Center coverage: 102 sources
BusinessVisa (V.N) said on Tuesday it will start testing a new way for businesses to fund international payments by allowing them to use stablecoins instead of pre-depositing cash in local accounts.
The move signals growing acceptance of these digital tokens among major businesses, who have been emboldened by the United States passing the Genius Act, a law that set clear rules for stablecoin issuers.
"The Genius Act changed everything. It made everythin…See the Story
Visa Leverages Stablecoins for Faster Cross-Border Payments
50% Right coverage: 6 sources
Bank of England · LondonFnality, a fintech firm building tokenized versions of major currencies collateralized by cash held at central banks, has raised $136 million in a Series C round to expand its blockchain-based wholesale payment systems, the London-based firm said Tuesday.The investment was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with existing backers including Goldman Sachs, UBS and Barclays also participating.Fnality raised $9…See the Story
Fnality Raises $136M to Expand Blockchain Payment Systems for Banks
Coverage: 2 sources
