bank accounts

US Officials Contemplate Extending Deposit Insurance Coverage to More Individuals and Institutions

In the wake of the 2008 financial crisis, US officials have been contemplating extending deposit insurance coverage to more individuals and institutions. Deposit insurance is a government-backed program that protects depositors in case their bank fails. The Federal Deposit Insurance Corporation (FDIC) is the agency responsible for administering this program.Currently, the FDIC insures deposits up to $250,000 per depositor per insured bank. This coverage applies to all types of deposit accounts, including checking, savings, money market, and certificate of deposit (CD) accounts. The FDIC does not insure investments such as

Countries with large unbanked populations have the highest adoption rates of Crypto and Bitcoin ATMs.

In recent years, the world has witnessed a significant increase in the adoption of cryptocurrencies, particularly Bitcoin. While this trend has been observed across the globe, it is particularly pronounced in countries with large unbanked populations. This is because cryptocurrencies offer a viable alternative to traditional banking systems that are often inaccessible to these populations.According to a report by the World Bank, approximately 1.7 billion adults worldwide do not have access to formal financial services. This means that they are unable to open bank accounts, take out loans or access

Belvo expands services to include payment initiation in Brazil.

Belvo, a leading open banking platform in Latin America, has recently announced the expansion of its services to include payment initiation in Brazil. This move is set to revolutionize the financial industry in Brazil, as it will enable businesses to initiate payments directly from their customers' bank accounts.Belvo's payment initiation service will allow businesses to offer their customers a seamless payment experience, eliminating the need for traditional payment methods such as credit cards and bank transfers. This will not only simplify the payment process for businesses but also reduce transaction

Belvo expands its services in Brazil by offering payment initiation capabilities.

Belvo, a leading open banking platform in Latin America, has announced its expansion of services in Brazil by offering payment initiation capabilities. This move is expected to revolutionize the payment industry in Brazil and provide a more streamlined and convenient payment experience for consumers and businesses alike.Belvo's payment initiation service allows users to initiate payments directly from their bank accounts, eliminating the need for third-party payment providers. This service is made possible by Belvo's integration with Brazil's instant payment system, PIX. PIX is a new payment system launched by the

Thursday, March 16, 2023: Top Startup News – Circle, Google, Kraken, Microsoft, Poolz, and Climate Choice

It’s Thursday, March 16, 2023 and the startup world is buzzing with news about some of the biggest names in the industry. Circle, Google, Kraken, Microsoft, Poolz, and Climate Choice have all been making headlines with their innovative products and services. Here’s a look at what each of these companies has been up to lately. Circle is a financial technology company that has been making waves in the industry with its cryptocurrency trading platform. They recently announced a new feature that allows users to trade Bitcoin and other digital assets

Flipkart’s Fintech Initiatives: Insurtech, Credit Cards and Central Bank Digital Currencies

Flipkart, one of India's leading e-commerce companies, has been making waves in the fintech space. The company has been investing heavily in various fintech initiatives, such as insurtech, credit cards, and central bank digital currencies. In this article, we'll take a closer look at each of these initiatives and how they can benefit consumers.Insurtech is a new form of insurance technology that enables customers to purchase insurance products online. Flipkart has partnered with Acko General Insurance to launch its own insurtech platform, which allows customers to purchase insurance products such

Flipkart’s Fintech Strategy: Insurtech, Credit/Debit Cards and Central Bank Digital Currencies

Flipkart, one of India’s leading e-commerce platforms, has recently announced its fintech strategy. The company has been actively investing in the fintech space and is now looking to expand its offerings to include insurtech, credit/debit cards and central bank digital currencies. This move is part of Flipkart’s larger goal of becoming a one-stop shop for all financial services.Insurtech is a rapidly growing sector in India and Flipkart is looking to capitalize on this trend. The company has recently partnered with Acko General Insurance to offer a range of insurance products

Flipkart’s Fintech Strategy: Exploring Insurtech, Credit Cards and Central Bank Digital Currencies

Flipkart, India’s leading e-commerce platform, has recently announced its fintech strategy. The company is exploring the potential of Insurtech, Credit Cards and Central Bank Digital Currencies (CBDCs). This move is part of Flipkart’s mission to make digital payments more accessible and secure for its customers. Insurtech is a rapidly growing sector in India, and Flipkart is looking to capitalize on this trend. The company has partnered with Acko General Insurance to offer customers a range of insurance products. These products include health, motor, travel, and home insurance. Customers can purchase