News
Revolut plans to invest over $1 billion in France, establish an EU headquarters in Paris and apply for a local banking license as it targets rapid expansion in its largest market.
2724
Banks News
While one of the goals of cryptocurrencies is to render traditional banking obsolete, banks as a financial institution still play a critical role in the advent and adoption of the emerging crypto economy in two ways.
Firstly, outside of a physical cash exchange for cryptocurrency, banks provide the fiat bridges to cryptocurrency markets. Without them, the influx of capital and interest in the blockchain industry would be nowhere near the magnitude it is today.
Secondly, many of the world’s leading banks are researching and, in some cases, developing their own central bank digital currencies, or CBDCs, which aim to secure hegemony in the digital asset space largely in response to the growth of the crypto economy.
As digital finance evolves before our eyes, banks as a commonplace financial organization may change drastically in their role and purpose in society — even if it leads to obsolescence.
- Opinion
Banks are rapidly pivoting away from past practices of shunning crypto businesses to consider upgrading their payments infrastructure using stablecoins, eyeing them as the next frontier for payment innovation.
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A report shows 90% of institutional players are using or plan to use stablecoins, with banks prioritizing cross-border payments and speed as key benefits.
6617 - News
The New York Fed and the Bank for International Settlements are trialing smart contracts for tokenized monetary policy, aiming to let central banks act instantly in future financial systems.
3979 - News
Stablecoins can streamline collateral management systems in TradFi, but financial institutions may need more straightforward regulatory guidelines for adoption.
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Crypto prime broker FalconX will integrate Standard Chartered’s banking infrastructure and access to a range of diverse currency pairs for its institutional clients.
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South Korea’s new Digital Asset Committee joins similar initiatives such as the Virtual Asset Committee launched in late 2024 by the Financial Services Commission.
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Crypto financial services firm Anchorage Digital has bolstered its stablecoin offerings with the acquisition of stablecoin issuer firm Mountain Protocol.
2195 - Newsletter
The crypto market soared past $3.27 trillion as Bitcoin reclaimed $100,000, Ether jumped 26% after the Pectra upgrade and Trump’s UK trade deal fueled bullish sentiment.
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StarkWare general counsel Katherine Kirkpatrick Bos said the OCC has shifted its approach and now appears to favor a focus on integrating crypto within banking frameworks.
7022 - News
With Bitcoin hovering around $95,000 to $97,000, Xapo Bank CEO Seamus Rocca sees growing investor confidence to borrow using BTC as collateral.
3258 - News
Morgan Stanley reportedly plans to enable cryptocurrency trading on its E*Trade platform by 2026, marking a deeper push into digital assets amid a shifting US regulatory landscape.
3409 - Analysis
Crypto projects may ditch the open-source model to protect their ideas, but critics warn that the costs of closed code still outweigh the benefits.
1744 - News
While the existing financial system is slow and expensive, crypto apps already allow people to send money instantly and cheaply, Eric Trump stated.
7630 - News
An estimated 65% of European citizens are seeking a single application to manage their banking, savings and cryptocurrency investment, according to Bunq’s research.
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