Fintech firm Revolut is reapplying for a U.S. bank licence as it steps up its push into the North American market, Cointelegraph reported on Thursday. The filing marks its second attempt after a 2021 bid fell through, with documents submitted to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation. Revolut also appointed Citin Duransoy as its new U.S. CEO.

Orbit, a Tether-backed cryptocurrency payments app, now supports global bank transfers, The Block reported on Feb. 24 local time. The feature uses infrastructure from Distributed Technologies Research to connect crypto with the traditional financial system. Orbit said users can check exchange rates in real time and complete payments instantly without fees or additional conversions. Transfers use SEPA, ACH and SPEI networks and support fiat currencies including USD, EUR, MXN and PHP, as well as BTC, ETH and USDT. Bakkt plans to acquire DTR, and Orbit plans to work with Bakkt to expand into all 50 U.S. states.