The option of leverage trading with cryptocurrencies is intended to enable platform users to react to short-term developments in the market. Austrian crypto platform Bitpanda is launching CFDs (Contract for Difference) for cryptocurrencies such as Bitcoin, Ethereum, or Solana.
The development of artificial intelligence is progressing more visibly than ever - thanks to ChatGPT. Industry insiders speak of "significant risks." In an open letter, they call for a six-month pause to establish rules and limits.
This month, n1u will be launched on the market. Leading fintech companies developed the virtual wallet to provide young people with intuitive, comprehensive, secure, and fun access to the world of finance. The super-app is the first to combine various functions in one place and feature cryptocurrencies. Moreover, it was developed based on a structure that prioritizes the security of its users, as it works with blockchain technology.
Apple introduced a few innovations to Apple Pay at last year's WWDC. Among them is the ability to track purchases and their status directly within the Wallet app. Apple Pay Later is a new feature that should have been introduced a long time ago. You may know a similar part from PayPal or Amazon.
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.
The private debt sector is booming. Private debt refers to loans that banks do not grant. In 2021, the volume reached USD 1,187 billion, a fourfold increase in ten years. The reason for this is the growing interest of institutional and private investors in attractive alternatives to the usual fixed-interest investments.
Open Banking and Open Finance are essential to any digitization strategy for banks and asset managers. For digital offerings and apps to run smoothly and securely, there needs to be a stable and secure interface between the systems. The German API provider Ndgit (website), based in Munich, has developed a system for securely connecting banks to the bLink platform of exchange operator SIX.