Rumor has it that Musk wants to enrich Twitter with a payment function, transforming it into profitability. Elon Musk's $44 billion takeover of Twitter has sent the global tech and media scene into a tizzy. Now it was revealed that Twitter indeed has registered with the U.S. FinCen as a Money Service Business (MSB).
Fintech Treezor (PR42 profile) has gained a new investor in Mastercard.Mastercard is investing in its partnership with Treezor, the fintech subsidiary of bank Société...
The crypto-exchange platform Gate.io (PR42 profile) has officially launched Gate Pay, a leading crypto-based payment product.
The launch of Gate Pay is based on Gate.io executives'...
Cyprus-based Amit Klatchko's PayTech Praxis Tech Ltd announced new and improved features for its product offering, including enhanced verification and bulk action functions. The new features include a bulk action feature, an improved verification feature, multiple customer profile selections, and new currencies and countries added to the Praxis dashboard. Praxis has also added new currencies and countries to the dashboard.
Sightline Payments, a FinTech unicorn focused on payment technologies for the gaming industry, has completed a strategic investment from J.P. Morgan Payments. Under the deal, Sightline will work with J.P. Morgan Payments to develop an integrated omnichannel solution for resort and online gaming companies serving the spa, entertainment, and hotel ecosystem. The size of the investment was not disclosed.
British PayTech Atlantic Money (website) continues its European expansion. After launching in Germany at the end of August 2022, the startup is also active in Austria today. The FinTech startup from London offers international money transfers and wants to challenge competitors like Revolut, Wise, or PayPal with its flat fee of €3.
The online rating agency PayRate42 reviewed the Cyprus-based high-risk payment processor LegionPay and included it in its Green Compliance list. LegionPay offers its clients the ability to receive digital payments from all over the world via fully integrated API solutions for card processing, bitcoin deposits, and other payment options.
FinTelegram reports that the Israeli crypto payment processor Oobit Technologies Pte. Ltd d/b/a Oobit announced that it has registered as a digital asset service provider in Italy. This will allow Oobit to offer crypto products and services to its growing customer base in Italy. The payment processor's Estonian crypto license was archived as of August 3, 2022.
FTX, the regulated cryptocurrency company of Sam Bankman-Fried, announced an integration with Reddit's Community Points in the US, EU, Australia, and other global markets. The partnership features the integration of FTX Pay as a white-label payment and exchange solution to support users onboarding Community Points.
