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Fiat Republic, the Specialist BaaS Platform That Bridges the Gap Between web3 and Traditional Banks, Announces It Has Become an Electronic Money Institution (emi) in the Uk.
Date: June 8, 2022
Following the launch of their platform, Fiat Republic is also pleased to announce the acquisition of its first customers, a new partnership with a leading US bank, and a $2.5 million raise as part of an extension seed round. Money 2020 – Amsterdam, June 8th, 2022: Fiat Republic, the specialist Banking-as-a-Service (BaaS) platform that bridges...
India Potash’s Rouble-Rupee Payment Deal Stumbles in Russian Bank
Date: June 6, 2022
By Nidhi Verma and Aftab Ahmed NEW DELHI (Reuters) – Russia’s Sberbank has yet to process the first payment from Indian Potash Ltd (IPL) under a deal set up before the Ukraine war to enable IPL to pay for Belarusian potash using rupees rather than dollars, according to a letter seen by Reuters and two...
Ryanair Forces South Africans to Prove Nationality With Afrikaans Test
Date: June 6, 2022
DUBLIN (Reuters) – Ryanair is requiring South African passengers to prove their nationality before travelling by completing a test in Afrikaans, a language used by just by 12% of the population that has long been identified with apartheid and the white minority. Europe’s largest airline by passenger numbers, which does not operate flights to and...
Digital Payment Trends in 2022
Date: June 3, 2022
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High Hopes Lavrov Visit to Turkey Unlocks Ukraine Grain Exports, Turkish Source Says
Date: June 3, 2022
By Orhan Coskun and Tuvan Gumrukcu ANKARA (Reuters) -Turkey expects progress on a plan to unlock grains exports from Ukraine’s Black Sea ports when Russia’s foreign minister visits next week and both Moscow and Kyiv want a solution despite their conditions, a senior Turkish official said. Though hurdles remain – such as payment mechanisms for...
A Coming Crypto Storm for Central Banks? Focus on Digital Money Intensifies
Date: June 2, 2022
By Howard Schneider NEW YORK (Reuters) – Digital money, a curiosity just a few years ago, is emerging as an intense concern among central banks with the potential to erode the power of monetary policy, and even in the best of worlds likely to make control of interest rates more difficult, according to new Federal...