Citi to hire 100 people in push into digital assets
Citigroup Inc. is looking to hire 100 people as part of a new push into digital assets inside its institutional...
Payments
Deals and Dollars: Crypto conglomerate raises $600M credit facility
Digital Currency Group is fundraising again, this time completing a debt capital raise that provided a credit facility of up...
Blockchains could save banks $10B in cross-border payments costs by 2030
Cross-border payments in their current form tend to be slow, costly and offer limited transparency and traceability. Deploying blockchains —...
Buffett-backed StoneCo sheds $22B in value since peaking
Brazilian payments firm StoneCo Ltd. plunged the most on record after disappointing results in the third quarter cast further doubt...
Listen: Weekly Wrap discussion on crypto as an asset or investment
In this week's podcast, the Bank Automation News team discusses what banks are doing to make it possible for customers...
Report: Blockchain, crypto funding far outpacing prior years
In the first nine months of 2021, global blockchain and crypto startup funding has nearly quintupled to $15 billion from...
Digital currencies likely to be legal tender, central banks say
Digital currencies planned by major central banks will probably become legal tender in their jurisdictions, according to officials studying such...
BNPL helps reach the unbanked in Mexico
While buy now pay later (BNPL) transactions in the U.S. are expected to expand in coming years, Mexico is well...
Vikram Pandit says all banks will think about crypto trading
All major financial institutions will soon be thinking about trading cryptocurrencies, according to Vikram Pandit, chairman of The Orogen Group...
Deals and Dollars: Crypto conglomerate reaches $10B valuation after raising $700M
The big funding news this week was Digital Currency Group’s $10 billion valuation after a $700 million secondary sale –...
