With the latest authorization from three US states, the X platform expanded its ability to offer financial services to users in the region.
This lawsuit adds to Apple’s recent antitrust challenges. In September, a US judge ruled that payment card issuers could sue Apple over alleged anti-competitive practices related to its Apple Pay mobile wallet.
Mastercard’s partnership with Feedzai aims to address concerns around crypto fraud and money laundering by leveraging artificial intelligence to differentiate between legitimate and fraudulent transactions.
With the recently secured Series B funding, Fnality is poised to continue its pioneering work in the tokenization of fiat currencies backed by Central Bank cash.
The launch of the global AI advisory services comes after Visa recently made a significant investment in the field of AI.
Klarna has established itself as a major player in the European payments industry, with a valuation of $6.7 billion.
The acquisition of a banking license in the UK could open up new revenue streams for Revolut, allowing the company to generate interest income at a time when interest rates are at multi-year highs.
With this approval, PayPal joins firms like Interactive Brokers, Bitstamp, and Komainu that have been granted crypto registration this year.
Card and payment companies like Mastercard, PayPal, and Visa have been working with and investing in blockchain technology to expand their array of services.
Mastercard will release a set of franchise rules for wallet providers.
Mastercard says it has devised a solution that helps it tokenize (or wrap) CBDCs onto different blockchains.
The tool will use AI to provide users with information on goods around them through the Klarna app by simply pointing their phones at items.
According to PayPal, its system could use any currency. The company has already added numerous blockchain-related features to its platform, including the MetaMask Wallet, PayPal USD, and Ethereum.
Despite entering the list of approved digital assets, PayPal’s PYUSD stablecoin may not experience the instantaneous adoption initially anticipated following the launch.
The new MoneyGram non-custodial wallet will provide a more flexible way for users to handle funds and make transactions cheaper.