Local technology startup Bloom announced that starting today, Bloom members can get spending rebates in the form of cryptocurrency. This move will see the Bloom App become Hong Kong’s first spending app that supports cryptocurrency rebates for any Visa card transaction in Hong Kong, marking a major breakthrough in a spending landscape dominated by cash rebates and reward points.
UK bank Barclays has taken a punt on Copper in the crypto custody firm’s most recent funding round and has invested “millions of dollars” despite decreased enthusiasm for volatile digital assets, according to reports by Sky News.
Virgin Money is partnering with BrightHR, the award-winning multi-service HR platform, to provide its small business customers with support managing all their HR and health & safety needs.
The Financial Services Innovation Lab (FSIL), which serves as an interface between the financial services industry and faculty and students at the Georgia Institute of Technology, and Fiserv (Nasdaq: FISV), a leading global provider of payments and financial services technology with a flagship presence in Georgia, are partnering on a new initiative to better understand consumer financial health.
As reported in The Telegraph, UK banks have urged Big Tech and telecommunications firms to take responsibility for their contribution to the rise of online fraud and voluntarily reimburse victims.
The Linux Foundation’s OS-Climate non-profit has released its first three analytic tools to help with the shift to climate-aligned finance and investing.
Coinbase has hit out at the SEC after the regulator insisted that some of the crypto assets involved in an alleged insider trading scheme involving a former employee of the firm were securities.