Tag Archives: Credit

Visa’s solution revolves around Ethereum’s ERC-4337 account abstraction standard and the utilization of a “paymaster” smart contract feature which allows off-chain settlements of gas fees. On Thursday, August 10, payments giant Visa Inc made an important announcement allowing users to pay the on-chain Ethereum gas fees directly in fiat currencies, …

The decision to consolidate these operations coincides with Rakuten’s unveiling its financial performance for the second quarter. Rakuten Group, a prominent player in the Japanese e-commerce sector, has unveiled its plan to bring together its payment and point businesses under Rakuten Card, its established credit card arm. The strategic move …

[Press Release – Abu Dhabi, UAE, August 9th, 2023] Venom Foundation, a leader in blockchain technology adoption in regulated markets, is thrilled to announce the signing of a momentous Memorandum of Understanding (MOU) with the UAE Government to develop and implement the National Carbon Credit System. This landmark partnership represents …

On Aug. 1 a significant event occurred within the financial world: Fitch, a reputable credit rating agency, demoted the credit rating of the U.S. government from the pristine AAA to AA+. This downgrade signaled diminished confidence in the U.S. government’s ability to handle its fiscal responsibilities effectively. The downgrade nudged …

Before releasing the latest ratings, Fitch had initially warned about a possible downgrade during US debt ceiling negotiations a few months ago. Fitch Ratings, one of the major credit rating agencies, downgraded the United States’ long-term foreign currency issuer default rating to AA+ from AAA on August 1. The move …

[PRESS RELEASE – San Francisco, California, August 1st, 2023] Addressing a $5 trillion global credit gap in emerging markets, Jia, which connects capital to small businesses in every corner of the world, scales up its credit solution on Huma, which builds infrastructure for real-world lending. Two months after launching its …

Actor Kevin Costner and his recently estranged wife Christine Baumgartner are still fighting over the terms of their soon-to-be divorce. In new court documents filed June 30 in California, Costner, 68, claimed Baumgartner, 49, charged US$100,000 (C$132,060) in legal expenses to his credit card throughout May and June. “Christine began charging …

‘Blue chip’ floor prices near two-year lows The largest nonfungible token (NFT) collections by market capitalization are in a sea of red as the cheapest NFTs in their collections took dives over the past week with some hitting near two-year lows. Yuga Labs’ flagship Bored Ape Yacht Club (BAYC) collection …

In a bid to solve customers’ financial needs and expand its products, Robinhood is acquiring credit card company X1 in a cash deal. Financial services and stock brokerage firm Robinhood Markets Inc (NASDAQ: HOOD) has concluded a $95 million cash deal to acquire income-based credit card startup X1. Robinhood said the acquisition …

To cover potential losses of 9 billion francs ($9.9 billion) that result from winding down parts of Credit Suisse’s business, UBS has reached an agreement with the Swiss government. Swiss banking giant UBS Group AG (SWX: UBSG) has finally completed the emergency takeover of the Credit Suisse Group AG (SWX: CSGN). The …

Credit cards may be excellent financial instruments if used responsibly. However, many individuals fall into the trap of collecting excessive debt due to careless credit card usage. This article will cover numerous tactics and best practices to help you use credit cards sensibly, avoid debt and maintain a healthy financial …

Comparing Bitcoin’s Lightning Network to legacy credit card processing makes it clear that Lightning settles payments much more efficiently and affordably. The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and …