Search results for FX
Finance
Who makes money when paying with a stablecoin card? The hidden revenue structure
Stablecoin cards let users pay in digital dollars while merchants receive local currency through existing payment rails. Companies involved earn mainly from payment fees, with additional revenue possible from FX conversion, settlement funding and subscriptions, though traditional operating costs remain. Interchange fees are a key source, but costs for processing, fraud prevention and compliance reduce returns. Cashback, fee caps and FX spreads can also erode profitability.
Crypto
Bitcoin gives up gains as oil surges, market eyes U.S. inflation data
Bitcoin fell 2.2 percent after failing to hold above $84,000, giving up early-week gains after rising to $84,254 on Bitstamp, Cointelegraph reported. Rising tensions around Ukraine and the Middle East and a surge in oil prices weighed on sentiment. WTI climbed above $94 a barrel and Brent rose to $107.25, its highest since Sept. 16. Markets are watching upcoming U.S. CPI and PPI data, with oil seen as a potential inflation driver.
Crypto
Money flows into \'digital dollar\' stablecoins, shaking banks and national monetary systems
Stablecoins are spreading as a near real-time, 24-hour tool for moving money, raising concerns they could accelerate outflows from bank deposits and national currencies during financial stress or sharp currency declines. The European Central Bank has flagged potential liquidity mismatches between round-the-clock redemptions and reserve assets that move on traditional settlement schedules. The BIS also found stablecoin flows tend to rise alongside foreign-currency deposits in crisis situations.
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Crypto
AllUnity launches dollar-pegged USDAU stablecoin
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Telecommunications & Media
OTT streaming M&A surge may raise prices and cut consumer choice
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Finance
KB Kookmin Bank offers 100 percent FX rate preference to new corporate customers on KB Star FX
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Crypto
Stablecoin growth bottleneck is banks, not blockchain
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Finance
Hana Bank signs won swap deal with RFI, first for South Korean banks
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Telecommunications & Media
Woori Bank becomes first domestic bank to secure government bond trade via global payment network
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Finance
Household loan cap raised to 3 percent; scraping to be phased down
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Fintech
Shinhan Bank secures first FX deal with Green Climate Fund worth $200 million
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Crypto
Stablecoin payments are not just about sending funds; key is local currency and FX settlement
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Crypto
U.S., Japan coordinate to defend weak yen; five key variables that could shake bitcoin this week
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Finance
Hana Bank launches preferential account for farm and fishery owners employing foreign workers
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Finance
Woori Bank to strengthen data, AI-driven sales in second half, expand cross-group collaboration
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Finance
KB Securities posts 600.6 billion won Q2 operating profit, up 175.5 percent
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Crypto
Ripple Prime revenue triples after Hidden Road acquisition, eyes \'Wall Street 2.0\'
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Finance
Big Tech expands territory beyond payments into financial infrastructure