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As Dominican Republic’s Fintech Sector Booms, Financial Inclusion Is Big Goal

Global Finance

At the upper end of the fintech ecosystem are startups exploring tokenization and decentralized finance (DeFi) and the use of artificial intelligence in credit scoring. The central bank has targeted incorporating 65% of adults within the financial system by 2030. And cryptocurrencies allow for that.”

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Bitcoin Daily: Bank Of Canada Tests DLT; Crypto Startup Uphold Gets Into Loans

PYMNTS

The SBI Group plans to license Sepior ApS ’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. Work remains to be done to determine how it can be set up to maximize the benefits for the whole financial system.”.

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Blockchain Tracker: Capitol Hill To Startups, Incubators Inbetween

PYMNTS

Earlier this week, blockchain arrived on Capitol Hill by way of the formation of the Congressional Blockchain Caucus focused on examining and educating lawmakers on the payments technology and issues associated with the digital currency. Blockchain database startup BigchainDB just landed a sweet $3.37 Jared Polis (D-CO) and Rep.

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Robinhood Bags Bank Charter

PYMNTS

The stock-trading startup is voluntarily pulling its bank charter application with the Office of the Comptroller of the Currency, which was submitted earlier this year. Robinhood has announced that it giving up on its plans to become a federally insured bank.

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Latin America: Stablecoin Race Heats Up

Global Finance

Following the successful launch of Circle’s proprietary USDC via behemoth banks BTG Pactual and Nubank in March, the unicorn Latin American startup Mercado Libre has rolled out its commission-free dollar-backed stablecoin, the Meli Dolar. Foreign currency-backed stablecoins are widely seen as the next big thing in Latin America.

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BalanceHero Recorded More Than $100M In GMV Sales

PYMNTS

BalanceHero, the startup behind the popular Indian digital payments app True Balance , has roughly 60 million registered users and recorded $100 million in gross merchandise volume (GMV) sales. Reporters, citing company spokesperson Yongsung Yoo, said the startup has raised $42 million in venture funding.

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Bitcoin Daily: Coinbase Scoops Up Blockspring; BitPay Claims $1B+ In 2018 Transactions

PYMNTS

Bitpay , a processor of digital currency payments, claims that it has handled more than $1 billion in transactions in 2018, Coindesk reported. And Coinbase has scooped up a California startup called Blockspring , which helps companies make use of data from application programming interfaces (APIs), according to reports.