FF News | Fintech Finance’s Post

🌍 𝗥𝗲𝘃𝗼𝗹𝘂𝘁 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝗖𝗿𝘆𝗽𝘁𝗼 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝘁𝗼 𝟯𝟬 𝗡𝗲𝘄 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗶𝗻 𝗘𝘂𝗿𝗼𝗽𝗲! 🌍 Revolut has broadened its crypto services across the European Economic Area, making it easier for customers to access a diverse range of digital assets. This expansion marks a significant step in Revolut’s mission to democratize crypto access and support experienced traders. This means: 𝗕𝗿𝗼𝗮𝗱𝗲𝗿 𝗿𝗲𝗮𝗰𝗵: Now available in 30 additional EEA markets, including Belgium, Cyprus, and Denmark. 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗱 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝘀: Revolut X offers tools like real-time analytics and TradingView dashboards. 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆: 24/7 support and robust risk monitoring ensure a safe trading environment. 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗽𝗿𝗶𝗰𝗶𝗻𝗴: Zero fees on maker orders and 0.09% for taker orders. #CryptoExpansion #RevolutCrypto #FintechEurope #DigitalCurrency https://lnkd.in/eQRqakrk

The market signal is pretty clear on commercial stablecoins space. There’s no longer a barrier of entrance to CREAT a stablecoin for any established fintech or crypto platform who sees the angle of having their name branded stablecoins to turbocharge their business. What’s next is to create a differentiating value proposition. Exchanges and Custodians are naturally better positioned for that matter. We’ve come a long way in private fiat stablecoins.

It's been a while since I posted one of these, having been head down building at Ondo Finance these last few months.. Whilst the broader crypto market has felt the wrath of volatility, the stablecoin landscape has continued to thrive and celebrate new milestones. This week has been no exception, bringing us a number of exciting developments👇 Societe Generale Just this morning, Societe Generale - FORGE announced plans to deploy its EURCV stablecoin on Solana. Nick Ducoff, followed up the announcement, excited to be working with Guillaume Chatain and team on this initiative. PayPal On Wednesday, Vishal K. Gupta who previously headed up USDC at Circle, announced the launch of TrueX. A new crypto exchange, that will be using PYUSD as its default settlement currency, though they do plan to become stablecoin agnostic post launch. Revolut The UK-based fintech giant, has allowed the buying and selling of crypto for years and recently launched a standalone exchange for experienced traders. It did not come as a surprise, to hear that Revolut is "quite far along" in creating its very own stablecoin. BitGo Matt Ballensweig announced the big news that BitGo will be launching its very own USD backed stablecoin, USDS. 98% of the interest income on the USD deposits will be distributed to the participants that support USDS liquidity. Chainlink Labs x Fireblocks Chainlink and Fireblocks teamed up to accelerate of regulated stablecoin issuance by financial institutions. The packaged solution will support end to end capabilities for issuers across: issuance, data synchronization, compliance, custody, interoperability, liquidity. All of this in one week? crazy right.. I could have carried on, but wanted to provide the juicy insights without making you all read an essay on a Friday. I hope you all have a great weekend 🤝

Robinhood and Revolut explore entry into growing stablecoin sector - Crypto - https://lnkd.in/dRaUQ8mb Digital financial platforms Robinhood and Revolut are evaluating their entry into the stablecoin sector, a decision that could significantly transform their business models and expand their presence in the dynamic digital asset ecosystem. According to a recent Bloomberg report, both companies are

Robinhood and Revolut explore entry into growing stablecoin sector - Crypto - https://lnkd.in/dutCvpaV Digital financial platforms Robinhood and Revolut are evaluating their entry into the stablecoin sector, a decision that could significantly transform their business models and expand their presence in the dynamic digital asset ecosystem. According to a recent Bloomberg report, both companies are

Can Crypto Become a Mainstream Payment Method?

🚨 Breaking News! 🚨 🔥 DailyCoin just spotlighted Kima Network’s revolutionary achievement! 🔥 During the Bank of Israel event at the Tel Aviv Stock Exchange, Kima enabled the world’s first CBDC transaction of tokenized stocks—completely decentralized and WITHOUT intermediaries. 💡 💸 What does this mean? Kima’s Universal Payment Rail facilitated instant Delivery-vs-Payment (DvP) for tokenized shares using the Digital Shekel, connecting TradFi and DeFi seamlessly! 🌍 🎯 Why it matters: This innovation is reshaping financial transactions globally by: ✅ Eliminating intermediaries ✅ Reducing costs ✅ Enabling real-time, secure settlements at T+0 speed 📈 The importance of the $KIMA token: With Kima bridging TradFi and DeFi ecosystems, the $KIMA token is set to revolutionize global trading dynamics. Positioned as the key utility for seamless financial settlements, $KIMA could redefine how institutions and governments trade RWAs and CBDCs. 🌐 Read more: https://lnkd.in/eY_MkvvF 💥 Join the revolution with $KIMA and the future of decentralized finance! #KimaNetwork #Bitcoinist #CBDC #TokenizedAssets #DeFi #TradFi #FinancialRevolution

Some fintech operators are wary of adopting stablecoins, worried about how they will be regulated. But payments platforms eyeing foreign markets for expansion will be at a competitive disadvantage, warns Antler Asia managing partner Jussi Salovaara, given the increase in “stablecoin integration, especially as companies seek to attract and retain users through innovative, globally accessible financial services.” For more insights, including from a former crypto regulator at The Department of XYZ, read the whole story at https://lnkd.in/e9QQ9aQg

🚀 It's been 10 years since the first stablecoin launched. In the last decade, we’ve seen their steep growth, reaching a market cap of $165bn in July and representing trillions of dollars in transactions a year. They’ve taken on a multitude of traditional money functions, including payments. We think stablecoin payment volumes will hit $15 trillion by 2023, and we’re excited to see what the next 10 years brings! Get all the insights in our full report with the Centre for Economics and Business research https://bit.ly/3A5Ijtt Featuring industry insights from Visa, Circle, Chainalysis, First Digital and BVNK.

Migration from TradFi to DeFi by Craig Fox, our Web 3 and Digital Assets Manager 🚀 Financial technology companies (fintechs) like Revolut and Robinhood act as distribution frameworks for the digitisation of financial services but still rely on TradFi as the manufacturer. However, this dynamic is changing as evidenced by the success of US-listed crypto exchange Coinbase with its layer-2 blockchain Base, prompting other fintechs and exchanges to build or partner with layer 2s themselves. “Fintechs don't have their own financial infrastructure; they have to go through all the fees of the TradFi guys," Paul Frambot (CEO of DeFi lending firm Morpho Labs) explains. "But they have distribution, they have adoption. So, if they start owning their own infrastructure by building on top of layer-2s and immutable DeFi, then they can start generating more profits from it, gain efficiency, and limit their operating costs." While TradFi has little interest in moving to DeFi due to its advantage with current infrastructure, fintechs have the opportunity to leverage DeFi to enhance profitability and efficiency. Coinbase is leading the charge here on this pivot, with the below highlighting several key benefits and positive developments for Coinbase and its Ethereum-based Layer-2 solution, Base: ·        Base has witnessed significant growth in transaction volumes and fees, indicating strong demand for the Layer-2 network. ·        Despite facing network congestion and a surge in gas fees, Base has led to strong earnings for Coinbase, with the company capturing 85% of the network profits. ·        The uptick in Base network utility is expected to contribute USD 26 million in net profit for Coinbase since its inception, providing the company with a good diversification from its traditional brokerage business. ·        One significant update includes the ability to store users’ USDC balance within the platform, enabling efficient handling and safeguarding of customer funds, along with reduced fees and faster settlement times. Despite this case only showing a company catering to current crypto users, it does emphasise the potential and rewards associated with moving beyond serving existing crypto users and towards realising the promise of open financial infrastructure and mass adoption and integration. With the exponential growth of DeFi and blockchain adoption, our practice is uniquely positioned to provide tailored solutions that enable financial institutions to capitalise on this upcoming market. From tax optimisation strategies to comprehensive audit services and regulatory compliance, we offer a full suite of services designed to support an institution’s finance needs at all stages of incorporation into the blockchain world. #DeFi #Fintech #Crypto