PayPal Holdings Inc. will let users transfer certain cryptocurrencies to other customers, exchanges and external wallets, a new service that’s part of the company’s...
As crypto continues to gain traction with banks and financial institutions, experts are cautioning against moving away from its traditional use cases. Banks as...
Bitcoin and cryptocurrencies present several challenges for investors and banks, including their use by criminals, according to Anne Boden, chief executive of Starling Bank...
Core provider FIS offered a look behind the crypto curtain during its first-quarter earnings presentation Tuesday. Circle, the peer-to-peer payments company and issuer of...
Digital currencies are only one disruptor in the already intricate U.S. banking ecosystem. Countering the belief that digital currencies could prove the “end of banking,” the rise in cryptocurrency and central bank digital currencies (CBDC) will add an additional layer of complexity to the U.S. banking system, John C. Williams, president of the Federal Reserve […]
Cross River Bank announced Wednesday that it will use blockchain data company Chainalysis for cryptocurrency compliance. The $5 billion bank will integrate Chainalysis’ real-time transaction compliance platform, investigations technology and risk management software into its existing crypto build. The move will help Cross River expand its crypto offerings, which currently include banking and payments, non-fungible […]
A growing number of community banks are considering adding cryptocurrency services, and it could give them an edge in the battle for digital customers. Thirty percent of community banks expect to add crypto to their offerings during the next 18 months, according to a report by financial consultancy Wipfli. Crypto gives community banks an edge […]
SAN ANTONIO — With the use cases for cryptocurrency ranging from embedded payment and trading platforms to fiat-backed stablecoins that have real-world lending applications, banks are focusing on safely meeting a growing consumer appetite. But proving the use cases for crypto is just one step for bankers looking to deploy cryptocurrency services at their institutions. […]
President Joe Biden on Wednesday plans to order government agencies to take a closer look at issues surrounding the fast-growing crypto market, from developing a potential digital dollar to combating illicit finance. The White House executive order, which was outlined in a fact sheet, comes as the administration faces calls from the industry to take […]
