Stablecoins play an essential role in the crypto-asset ecosystem, although it does pose risks to market liquidity if they fail.
The companies are joining forces to try to limit the impact of new proposals to identify crypto users and regulate stablecoins.
Crypto Basics covers how cryptocurrencies differ from fiat money, what a decentralized system is, how cryptography works, and the risks.
The European Commission is developing new legislation that will help fintech companies, in particular crowdfunding sites and online lenders, operate and scale across single market member states; the idea is meant to create a digital single market, removing what some countries add on within their jurisdiction; this move could help propel funding for fintech companies and increase their ability to compete with companies in the US and Asia. Source.
UK online lender Funding Circle has announced it will be slowing its property lending with plans to fully end the product by mid 2018; the firm is primarily focused on SME lending and says the refocused strategy will help it to increase SME lending and shift its resources for international expansion; property loans have previously only been available to UK borrowers and the product has accounted for approximately 5% of the company's revenue. Source
Revenue-based financing platform, Bloom recently announced that the company has secured £300 million in its Series A investment.
Remote ID is quickly becoming part of the new normal and identification verification startup Onfido has been the benefactor; the...
Pay Near Me has found adults aged 18-29 are more likely to pay their bills late. Through asking why, their survey unveiled an opportunity.
British digital bank Zopa has announced that it has forayed into the UK’s £6bn BNPL space joining others such as Apple, PayPal and Klarna.
Nucleus Commercial Finance has lent over 500 million British pounds ($624 million) to small and medium enterprises (SMEs) and is planning to ramp up lending in 2017; firm's lending products include asset finance, construction finance, invoice finance and cash flow finance and they are planning to add new products as well as hire three new people for its asset-based lending team; the platform's lending has increased 100% since April 2016 and it is targeting 1 billion British pounds ($1.25 billion) in loans to SMEs in the next 12 months. Source