According to Ripio executives, this partnership will allow users of both fintechs to buy and sell cryptocurrencies directly in their respective apps.
Celsius, one of the largest crypto lenders, shut its doors to the public over the weekend, citing the dangers of market volatility and defi scams.
This sudden surge comes just as NFT innovators are beginning to reimagine what it means to engage in online collection or digital ownership.
The report found that the traditional playbook of developing branches and building relationships may count "for little in a world where a mobile phone is the principal' real estate', and word-of-mouth – often via social media – becomes the most powerful form of validation."
Silvergate, a US-based crypto bank that first partnered with the Facebook venture to create a stable coin last May, said in a release they paid $182 million for the operations infrastructure.
The newly minted Pay-by-Bank partnership between J.P. Morgan Payments and Mastercard is an ACH payment that uses open banking.
Embedded lending technology now allows any brand to offer high margin lending products quickly and easily.
From an anti-money laundering perspective, organizations had significant increases in new customers and transactions over a short period.
Watch a replay of our weekly news roundup show with hosts Todd Anderson and John White, with special guest, fintech entrepreneur Timothy Li.
The rise in interest rates has led to banks and fintechs cutting down on lending. For companies like Stori, that is an opportunity.