Fintech and Crypto Firms Announce Myriad New Crypto Product Launches
This week, a major global payments firm announced the launch of a stablecoin settlement solution that leverages technology by Fireblocks, a digital assets infrastructure firm. According to a press release, the solution will “deploy automatic fiat to stablecoin conversion for … merchants as they receive and process funds from customers” and “offers merchants the flexibility of 24/7 settlement including weekends and holidays.” The same payments firm also published a report this week titled Demystifying Crypto: Shedding light on the adoption of digital currencies for payments in 2022.
Also this week, a major U.S. fintech firm announced that it has launched support for “the native transfer” of cryptocurrencies among its customer wallets and from its customer wallets to external third-party cryptocurrency wallets. Previously the firm had allowed its customers to purchase and sell cryptocurrencies but did not allow the transfer of crypto to others. The firm also announced that it has “been granted a full Bitlicense by the New York Department of Financial Services (NYDFS) – becoming the first company to convert a conditional Bitlicense into a full Bitlicense.” Separately, a major U.S. Mexican-style fast-food chain recently announced that it will begin accepting cryptocurrencies as payment.
Several firms received licenses for cryptocurrency services this week….
