The development could have a significant effect on traditional finance's adoption of DeFi and blockchain technology.
Chime is getting into the earned wage access business.
The leading digital bank announced yesterday that it is launching MyPay, a new earned wage access service that will allow customers to access up to $500 of their paycheck before payday.
The US dollar stablecoin market has long been dominated by Tether (USDT) and Circle (USDC). Together these stablecoins have a market cap of around $140 billion or so.
While others have tried, notably PayPal last year, there is no other stablecoin with a market cap of more than $3 billion.
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For Raízen, the acquisition of Payly represents the first step in developing this payments unit — and a new source of revenue.
Earned wage access regulation rolls out, and it seems headed for complications. States differ in their definition of the sector.
To help curb the effect of inflation and recession on the bottom line, the key is to challenge the internal costs, more specifically, the internal costs of the purchasing chain and processes.
The use of buy now, pay later (BNPL) services has exploded over the past few years, and only now are we beginning to learn the impact of that boom.
While Gensler deepens confusion on The Hill, the EU passes the first comprehensive crypto law spanning all member states.
The Quadrata team launched their first major product, a low code Web3 passport for DeFi KYC after they formed less than eight months ago in Aug. 2021.