Pix achieved the milestone of 3 billion monthly transactions in March, up from a previous record of 2.8 billion by the end of last year.
PicPay stated that, before reaching the market, the solution went through tests for eight months with 10,000 company and partner employees.
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Regulators' seizure of the ailing First Republic comes as no surprise after a week of speculation. JP Morgan wins the bid to acquire.
Reliable off-chain credit scoring on the blockchain provides better service and attracts participants to DeFi.
The offering streamlines Web3 business' ability to maintain KYC compliance in the US as they navigate the regulatory landscape.
Mercado Libre will hire 13,000 new jobs this year, bucking a lay-offs trend. Most of the new employees will be based in Mexico and Brazil.
Making news this week were First Republic Bank, Shopify, Cross River Bank, Wise, Coinbase, Binance.US, Klarna, First Republic Bank, Nubank, Congress and more.
The fintech will operate in Panama, El Salvador, Guatemala, and Mexico, where it plans to become an ally of the region's underbanked population.
Watch a replay of our weekly news roundup show with hosts Todd Anderson and Peter Renton, with special guest Andrew Dix from Crowdfund Insider.
Venture-backed Nova Credit set about developing an alternative to traditional credit analysis to empower borrowers and lenders.