Hong Kong grants four more virtual bank licenses Written byHenry Vilar The Hong Kong Monetary Authority (HKMA) has granted virtual bank licences to Ant Financial, Xiaomi and AMTD Group, PING AN’s One Connect and Tencent. Xiaomi and AMTD’s bank is a joint project called Insight Fintech. According to the firms’ business plans, they aim to…
Ria Money Transfer joins RippleNet Source: Ripple Ria Money Transfer, a subsidiary of Euronet Worldwide, has joined RippleNet to enable instant, blockchain-powered global payments. With customers in over 155 countries, more than 377,000 locations worldwide, and $40 billion in money transfer volume per year, Ria is one of the largest payment service providers in the…
Square Cash’s Bitcoin (BTC) Sales Go Parabolic, Signals Renewed Crypto Hype For Bitcoin (BTC) investors outside of the U.S., the names “Square” or “Cash App” might not ring a bell. For American crypto diehards, however, Square’s flagship product, the BTC-friendly Cash App, has been all the rage. The fintech startup’s financial report has revealed that…
