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Silvergate Capital Corporation to Issue Diem Stablecoin in the US

Silvergate Capital Corporation to Issue Diem Stablecoin in the US
Diem, formerly Libra, to issue a US dollar stablecoin in the US.
Silvergate is a Federal Reserve member bank and a provider of financial infrastructure solutions and services for the growing digital currency industry. Shares in Silvergate rocketed higher by over 17% in after-hours trading following the news.
As was previously reported, Diem, a Switzerland-based entity, has decided to pull its application with Swiss regulatory authorities to become a money payments operator.
Under the partnership, Silvergate Bank will become the exclusive issuer of the Diem USD stablecoin.
The Diam Association has also decided to move its primary operations from Switzerland to the United States. ....

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Julia Klietzing: Erste Head of Digital bei Burger King

Julia Klietzing: Erste Head of Digital bei Burger King
wuv.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wuv.de Daily Mail and Mail on Sunday newspapers.

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First Digital Trust Raises $2.15m in Bridge Funding

First Digital Trust, a Hong Kong-based qualified custodian and trustee capable of holding both traditional and digital assets, secured $2.15m in funding.
The convertible note round – led by private investors including Nogle – has enabled the company to launch a debit and credit card rail that will allow its clients to accept card payments.
Led by Vincent Chok, CEO, First Digital Trust is a technology-driven financial institution offering solutions for the delivery of digital asset custody and powers next-generation financial service solutions. Token issuers, payments providers, exchanges, asset managers, funds, banks, brokers and trust companies will all have access to FDT’s instant settlement technology, security and payment rail infrastructure, and compliance technology. ....

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Israel begins first phase of Open Banking reform

Israel begins first phase of Open Banking reform
Thursday 22 April 2021 13:49 CET | News
Israel has begun the first stage in its Open Banking reform after directing banks to share information regarding their customers’ checking accounts, when requested to by the customer, according to The Media Line.
This initial step is expected to be followed by the ability to share all customer data, including loans and stock holdings, with the customer’s approval. The reform, its supporters hope, will enable greater competition among suppliers of financial services. This is because, with customers’ financial information readily available, financial bodies will be able to offer suitable products to potential customers, and those looking for a financial service will have an easier time shopping. The reform also is critical for the development of fintech companies. ....

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First Digital Trust announces $2.15M funding for Asian digital payments service

First Digital Trust announces $2.15M funding for Asian digital payments service
cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.

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