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Telecommunications & Media

Spotify expands audiobooks to 180 markets, including South Korea

Spotify is expanding its audiobooks service to more than 180 markets worldwide, up from 22, with South Korea included. The rollout begins on Tuesday and will be completed by the end of 2026, covering Europe, the Americas, the Middle East, Africa and Asia. New markets will get more than 350,000 titles and support for more than 120 languages. The Audiobooks+ add-on has surpassed 1 million subscribers and $100 million in annual recurring revenue.

Crypto

Jeevs raises $110 million to expand enterprise stablecoin banking

Enterprise stablecoin banking platform Jeevs has raised $110 million, with the round led by CoinFund and joined by AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, GIC and Y Combinator. The company said revenue quadrupled in 14 months and annualised card and payment volume more than tripled to over $5 billion. Stablecoin volume grew to $1.5 billion annualised. Jeevs plans to expand stablecoin card service to 35 countries and introduced a wallet and AI spend tracking.

Crypto

Revolut receives in-principle approval for crypto services from UAE authorities

Revolut has received in-principle approval to provide cryptocurrency-related services in the United Arab Emirates. Cointelegraph reported that Dubai’s Virtual Assets Regulatory Authority approved Revolut in principle to offer broker-dealer, investment management and exchange services. Revolut said the approval builds on earlier authorisation for payment activities from the UAE central bank and provides a basis to expand its local crypto business. It plans to enable UAE users to buy, sell and hold digital assets through its app and the Revolut X exchange.