Daily Fintech Rundown (15/01) – Featuring @coinbase, BVNK, @visa Direct & @klarna US Senate Banking delays the crypto bill after Coinbase CEO opposition. The legislation, unveiled on Monday, seeks to define when crypto tokens are securities, commodities, or otherwise and would also hand policing of spot crypto markets to the Commodity Futures Trading Commission. Armstrong said the bill had “too many issues”, including a de facto ban on tokenized equities, an erosion of the CFTC’s authority and draft amendments that would “kill rewards on stablecoins”. ____ Next, stablecoin infrastructure provider BVNK is set to start powering stablecoin payments for Visa Direct network. The partnership between the two companies will see BVNK power Visa Direct’s stablecoin services such as stablecoin pre-funding, allowing certain select business customers to fund Visa Direct payouts using stablecoins instead of only fiat, as well payouts to end recipients in stablecoins. ____ Final story, BNPL company Klarna launches peer-to-peer payments across Europe. The feature means that Klarna customers can send money to other registered Klarna customers, such as splitting bills or gifting cash with friends and family, directly from the Klarna app. Klarna customers will have to have the required funds in their Klarna wallet to send the money. The launch forms part of a move by Klarna to reposition itself as a digital bank and shed its BNPL image. That’s daily fintech rundown for today. Stay tuned for more updates. #fintech #banking #stablecoins
@samboboev Daily Fintech Rundown (15/01) – Featuring @coinbase, BVNK, @visa Direct & @klarna US Senate Banking delays the crypto bill after Coinbase CEO opposition. The legislation, unveiled on Monday, seeks to define when crypto tokens are securities, commodities, or otherwise and would also hand policing of spot crypto markets to the Commodity Futures Trading Commission. Armstrong said the bill had “too many issues”, including a de facto ban on tokenized equities, an erosion of the CFTC’s authority and draft amendments that would “kill rewards on stablecoins”. ____ Next, stablecoin infrastructure provider BVNK is set to start powering stablecoin payments for Visa Direct network. The partnership between the two companies will see BVNK power Visa Direct’s stablecoin services such as stablecoin pre-funding, allowing certain select business customers to fund Visa Direct payouts using stablecoins instead of only fiat, as well payouts to end recipients in stablecoins. ____ Final story, BNPL company Klarna launches peer-to-peer payments across Europe. The feature means that Klarna customers can send money to other registered Klarna customers, such as splitting bills or gifting cash with friends and family, directly from the Klarna app. Klarna customers will have to have the required funds in their Klarna wallet to send the money. The launch forms part of a move by Klarna to reposition itself as a digital bank and shed its BNPL image. That’s daily fintech rundown for today. Stay tuned for more updates. #fintech #banking #stablecoins
