BitPesa Partners with Japanese Insurance Company to Digitize Remittance Service

Tokyo-based insurance company Sompo Holdings has partnered with BitPesa to promote digitization of its international remittance service. The news comes weeks after another Japanese player, money transfer firm SBI Remit, teamed up with the blockchain company to bring distributed ledger

Read More »

Hong Kong Treasury Rejects Notion of a Central Bank Digital Currency

The Hong Kong Treasury decided against the notion of creating a central bank digital currency (CBDC) yesterday, but said that they will monitor the situation. Hong Kong is ‘Already Efficient’ Acting Secretary for Financial Services and the Treasury, Mr

Read More »

Banks Lose International Payments Business to Disruptive Solutions Like Blockchain

Transaction banking faces continued pressure from disruptive solutions from blockchain and cryptocurrency ventures, which are taking a significant share of a once-upon-a-time undisputed market. While bleeding customers and transaction volumes, banks remain confident that its legacy technology is ‘good enough

Read More »

Menlo Ventures Select BitPay as Its First Institutional Crypto Investment

BitPay, the world’s largest blockchain payments provider, has closed its $40 Million extended Series B fundraising round, bringing the total amount raised to over $70 Million since the company’s inception in 2011. New investors

Read More »