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Meet The Secretive Executive Holding The Purse Strings At Binance

Meet The Secretive Executive Holding The Purse Strings At Binance
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A new crypto banking system arises under the shadow of a regulatory crackdown

A new crypto banking system arises under the shadow of a regulatory crackdown
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A New Crypto Banking System Arises Under the Shadow of a Regulatory Crackdown

In the U.S., crypto firms are turning to a handful of smaller regional lenders to open bank accounts. ....

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Net1 banks on big increase in its EasyPay accounts

Net1 banks on big increase in its EasyPay accounts
By Sandile Mchunu
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DURBAN - NET1 UEPS Technologies said on Friday that its EasyPay Everywhere increased by 44 000 account holders in South Africa during the second quarter to end December, its first quarterly increase in eight quarters.
EasyPay focuses on the provision of high-volume, secure and convenient payment, prepayment and value-added services to the South African market.
EasyPay’s infrastructure connects into all major South African banks and switches both debit and credit card EFT transactions for some of South Africa’s leading retailers and petroleum companies.
Interim chief executive Alex Smith said on Friday that Net1 had seen another sequential increase in the use of their ATM infrastructure. ....

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Net1 Sells Remaining Stake in Bank Frick

Net1 Sells Remaining Stake in Bank Frick
Net1 Sells Remaining Stake in Bank Frick
JOHANNESBURG, South Africa, Feb. 04, 2021 Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (“Net1” or the “Company”) today announced that it has sold its remaining interest in Bank Frick & Co. AG (“Bank Frick”) back to The Kuno Frick Family Foundation for $30 million. The gross proceeds of $30 million will be reduced by $3.6 million to terminate various agreements and settle liabilities between Bank Frick and Net1’s IPG operations. The Company received a $15 million payment at closing and the remaining proceeds are payable in two installments over the next 18 months. ....

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