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Bruce B. Nov 21, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Cryptocurrency exchange Binance is making a move in the hardware wallet industry, with its venture capital arm investing in the cold wallet platform Ngrave.

Binance Labs has made a strategic investment in the Belgian hardware wallet firm Ngrave and will lead its upcoming Series A round.

Ngrave specializes in self-custody, providing a security suite comprising three major elements, including the connectionless hardware wallet Zero, key backup tool Graphene, and the Liquid mobile app.

Binance co-founder, and head of Binance Labs, Yi He, pinpointed that security remains one of the biggest challenges for crypto adoption. “Self-custodial wallets are one of the most secure methods for storing digital assets,” she said.

Binance Labs is excited to capitalize on the emerging hardware wallet sector and partner with Ngrave

to bring sophisticated wallet products to both retail and institutional users,” Investment Director Tyler Z added.

CZ himself admitted that centralized exchanges may no longer be necessary as investors would shift to self-custodial solutions.

The Binance CEO said. “If we can allow people to hold their own assets in their own custody securely and easily, in a way that 99% of the population can do it, centralized exchanges will not exist, or probably don’t need to exist.”

#intelligence1 #bulletpoint0 #intelligence #decentralized3 #institutional9 #selfcustodial7 #intelligence9 #binancelabs #selfcustodial6 #intelligence8 #institutional0 #investment #institutional8 #institutional7 #institutional6 #bulletpoint5 #selfcustodial5 #cryptocurrency #intelligence7 #institutional5 #selfcustody #intelligence6 #decentralized9 #institutional4 #institutional3 #bulletpoint4 #bulletpoint3 #decentralized2 #decentralized8 #selfcustodial #decentralized1 #decentralized7 #selfcustodial4 #selfcustodial3 #institutional #institutional2 #selfcustodial2 #decentralized6 #selfcustodial2 #centralized #decentralized #intelligence5 #intelligence4 #decentralized5 #decentralized4 #selfcustodial1 #intelligence0 #decentralized0 #bulletpoint #selfcustodial9 #selfcustodial8 #intelligence3 #intelligence2 #selfcustodial0 #institutional1 #bulletpoint2 #bulletpoint1

https://youtu.be/MNJPeCU6Gi8
 
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Bruce B. Nov 20, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
The UK government has announced plans to strengthen regulation around interest-free buy now, pay later (BNPL) credit agreements to protect “millions of people”.

Under the plans, lenders will be required to carry out affordability checks to ensure loans are affordable to customers and rules will be amended to make sure advertisements are “fair, clear and not misleading”.

Lenders offering Buy Now Pay Later services will need to be approved by the Financial Conduct Authority (FCA), borrowers will be able to lodge complaints with the Financial Ombudsman Service (FOS).

“Buy Now Pay Later credit agreements can be a helpful way to manage your finances, allowing people to spread the full cost of a purchase over time,” the government says.

“However, people do not currently have the usual full range of borrower protections when taking out this type of loan and they are rapidly increasing in popularity, resulting in a potential risk of harm to consumers.”

“By holding BNPL to the high standards we expect of other loans and forms of credit, we are protecting consumers and fostering the safe growth of this innovative market in the UK,” says John Glen, economic secretary to the Treasury.

#intelligence8 #affordability3 #intelligence #protections8 #protections7 #protections6 #intelligence7 #buynowpaylater #protections2 #protections5 #protections4 #affordability2 #intelligence0 #affordability1 #affordability0 #affordability9 #protections #affordability7 #complaints #intelligence2 #intelligence6 #bulletins #hmtreasury #affordability6 #affordability5 #secretary #protections1 #intelligence5 #protections0 #affordability8 #intelligence1 #protections3 #agreements #affordability #intelligence9 #intelligence4 #misleading #affordability4 #intelligence3 #affordability7

https://youtu.be/ND0NZ3hcxBU
 
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Master C. Nov 20, 2022 (edited)
Business Opportunity
Last active in the past 7 days
Last active in the past 7 days
We invite members that are ready to take their engagement to the next level finding new clients and expanding their services to the fintech innovation world.

Check out our Master Enabler Program.

Reach out to Angel Lorente if you have questions.

#FinTechConnector #Fintech #FinancialServicesTransformation #Innovation #Networking

Pdf icon blue FTC_-_Master_Enabler_Program_(MEP)_-_New_Nov_2022.pdf

 
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