Unbanked, a cryptocurrency card and trading platform, said May 25 that it would be winding down its services due to harsh U.S. regulations. Regulations affected funding Unbanked cited regulations as the primary reason for its shutdown. The firm asserted that regulators in the U.S. are “actively trying to stop companies (banks and fintechs) from supporting […]
The post Unbanked shuts down crypto services, says US regulations prevented fundraising appeared first on CryptoSlate.
The company is encouraging users to withdraw their funds and to save transaction statements before the app’s closure.
Americans holding or using crypto fell from 11% in 2021 to 8% in 2022, per the Fed’s 2022 Economic Well-Being of U.S. Households report – released this month. The Fed attributed the drop in holding and using crypto to the fall in digital asset prices last year. However, the percentage of Americans undertaking crypto transactions […]
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Episode Six, a global payments and banking infrastructure provider, today announced that it raised $48 million in a Series C funding round led by Avenir with participation from Anthos Capital. In an email, CEO John Mitchell said that the tranche will be used to expand Episode Six’s go-to-market efforts and scale its business as the company […]
Episode Six raises $48M to streamline payment processes by Kyle Wiggers originally published on TechCrunch
Amazon One, the retailer’s palm-scanning payment technology, is now gaining new functionality with the addition of age verification services. The company announced today that customers using Amazon One devices will be able to buy adult beverages — like beers at a sports event — just by hovering their palm over the Amazon One device. The […]
Amazon’s palm-scanning payment tech will now be able to verify ages, too by Sarah Perez originally published on TechCrunch
Tether has entered a partnership with fiat on and off-ramp solution KriptonMarket that will allow local businesses in Argentina to accept payments in USDT. Tether and KriptonMarket’s collaboration will bring USDT acceptance to the Central Market of Buenos Aires, one of the largest movers of fruits and vegetables in Latin America. The market consists of 900 […]
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