The Metaverse gets its first Swiss bank branch; & more!

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NEWS HIGHLIGHT

The Metaverse gets its first Swiss bank branch. Sygnum Bank, with roots in Switzerland and Singapore, will open a branch on New York's virtual Times Square, welcoming visitors with a «crypto punk. According to experts, this metaverse hub is likely to be precedent-setting. Link here.

FINTECH NEWS

#crypto

• Cryptocurrency Lender Celsius Network is facing legal issues as clients are taking action to recover their funds after the platform froze withdrawals in June. 64 custodial account holders filed a complaint. Link here

#payments

• Why do fintechs globally use Visa & Mastercard? The seemingly limitless funds, industry connections, and desire to innovate Visa and Mastercard possess make their replacement highly unlikely, at least for the time being. Link here


• Viva Wallet joined the CB ecosystem. Payments with CB cards will be accepted across local physical points of sale featuring the innovative Tap-on-Phone Viva Wallet POS app. Link here


• Moneycorp expands to France and will provide integrated payment solutions to corporate clients, including financial institutions and banks. Link here