Crypto Adoption

Reuters reports that Japanese lawmakers have lobbied their government to push for the inclusion of discussions on digital currencies at the G7. They have asked the government to convince the United States (the leader of the summit) to amend the meeting's agenda to include the topic. Akira Amari, Japan's Minister for Economic Revitalisation, averred that it was crucial to draw the United States' backing for the topic. Mr Amari maintains that the two nations need to join efforts in making…

Cryptocurrency adoption is increasing exponentially worldwide,  and several nations are working to introduce and launch their Central Bank Digital Currency (CBDC).  In an interview, the Wazir X CEO, Nischal Shetty, expressed that India should look into launching its CBDC. Shetty also talked about his bullish view concerning cryptocurrency and blockchain adoption in India, based on how the non-tech individuals are striving to comprehend DLT in a country like India. He says that there will be access to capital, and it…

Recent reports pointed out several court cases on cryptocurrency in India’s supreme court. These court cases support the prohibition of crypto-related services by banks and financial institutions. However, India’s Reserve Bank supports crypto-related services.  Several cryptocurrency supporters, such as Prathiba Jain, want the easing of regulations in India’s Fintech. During the World Economic Forum in Davos, Jain, the founder and head of New Delhi, Nishith Desai Associates, talked about Anti-Money Laundering and Counter-Terrorist Financing (AMLCTF) system in the nascent Fintech…

Seba is a new digital asset bank holding regulatory licensing based in Switzerland. The bank is attempting to develop a secondary capital of more than $95 million in additional funds. According to Financial News London on the 17th of January, the firm wants to secure 100 million CHF(96.5 million USD) from new investors, financial institutions, family offices, and individuals. Seba Bank AG is a crypto-friendly startup, and the announcement of its launch emerged in November 2019. The announcement came following…

On the 13th of January 2020, a press release announced the acquisition of Plaid by Visa. To acquire the technology company, the payment giant paid $5.3 billion. Some time ago, Plaid came up with a network allowing easy connection of users’ financial accounts to the apps they utilize in managing their finances. Plaid’s products allow users to share financial information with numerous apps and services. Coinbase also uses plaid’s services to get the banking information of customers. The crypto wallet…

Last year, there was an exponential growth in the number of rooms booked through Travala.com. A recent report shows that another milestone got crossed the previous month. From November to December, the number of bookings rose by 15%. Additionally, at the same time, the average price per room night inclined by approximately 16% as the bookings peaked. Also, over 60% of the bookings last month got paid with cryptos. Some of the Cryptos Travala Customers Used for Payment Travala customers…