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Tag: Financial

The cryptocurrency of Facebook will be an alternative to the existing banking system

A few days ago, Facebook announced what will be its own cryptocurrency, Libra. And with it also its digital wallet option, Calibra. For Libra to become a reality from next year, Facebook has partnered with 28 major companies, among which there is no traditional banking partner, forming the Libra Association,…

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Germany bans short selling of highly acclaimed Fintech Wirecard stock

Once the German online payment service provider was more valuable on the stock market than the Deutsche Bank. The supervisory authorities are now considering Wirecard. Which also operates in Switzerland, as the trigger for a conflagration and are stepping in. This has never happened before. The Federal Financial Supervisory Authority…

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Spain loses the chance to be a reference “fintech” without the test bench

The financial sector and the financial and insurance companies with a technological base (“fintech” and “insurtech”) believe that if the creation of the “sandbox” is not approved, Spain will lose the opportunity to become a reference center for testing the most innovative products. This has been assured to Efe the…

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FinTech: This is what happened with this Frankfurt blockchain startup

Frankfurt Blockchain startup Agora Innovation secures a high six-digit investment from High-Tech Gründerfonds. High-Tech Gründerfonds is investing a high six-figure sum in the Frankfurt blockchain startup Agora Innovation GmbH. Frankfurt Fintech Agora Innovation develops software for legally compliant financial transactions at Blockchain. Fintech Agora Innovation secures Seed-Investment from High-Tech Gründerfonds…

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Five new financial platforms will use XRP for international payments

The company behind cryptoactive XRP Ripple, reported that five new financial platforms will start using cryptocurrency to make cross-border payments. The startup highlighted that JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank will use XRP to “obtain liquidity” and “send payments on behalf of their clients”. Ripple also announced that…

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