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Welcome to your daily FinTech news!
In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here.
NEWS HIGHLIGHT
The Metaverse gets its first Swiss bank branch. Sygnum Bank, with roots in Switzerland and Singapore, will open a branch on New York's virtual Times Square, welcoming visitors with a «crypto punk. According to experts, this metaverse hub is likely to be precedent-setting. Link here.
FINTECH NEWS
#crypto
- Cryptocurrency Lender Celsius Network is facing legal issues as clients are taking action to recover their funds after the platform froze withdrawals in June. 64 custodial account holders filed a complaint. Link here
#payments
- Why do fintechs globally use Visa & Mastercard? The seemingly limitless funds, industry connections, and desire to innovate Visa and Mastercard possess make their replacement highly unlikely, at least for the time being. Link here
- Viva Wallet joined the CB ecosystem. Payments with CB cards will be accepted across local physical points of sale featuring the innovative Tap-on-Phone Viva Wallet POS app. Link here
- Moneycorp expands to France and will provide integrated payment solutions to corporate clients, including financial institutions and banks. Link here
