Daily FinTech Podcast - April 25th, 2022

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Welcome to another episode of our Daily Fintech Podcast.

THE NEWS HIGHLIGHT OF THE DAY IS

Stripe will allow businesses to pay their users via cryptocurrencies. The company will start offering merchants the ability to make payouts in crypto through the stablecoin USDC.

JUST IN:

WeMoney has signed a landmark deal with Envestnet | Yodlee for the first CDR and non-CDR data flows under Australia’s evolving open banking regime.

ALSO:

Citi’s Treasury and Trade Solutions announced that it is entering into an agreement with EBANX to provide an end-to-end digital collection solution for Citi’s institutional clients in Latin America.

FURTHERMORE,

MOGOPLUS is in the process of becoming an Accredited Data Recipient authorized by the Australian Competition and Consumer Commission

WHAT ARE THE LATEST INSIGHTS?

Moneybox has become the latest fintech to increase the interest rate on its savings accounts, upping the rate on its long-term savings account by nearly 70 percent.

WHAT ABOUT CRYPTO?

Binance has hired another former regulator in the US. Seth Levy , who spent over a decade at (FINRA) and is joining Binance as head of market surveillance.