Finextra year in review
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As 2021 draws to a close, we take a look back at our most popular news and community engagement activities over the past year.
The best news of 2021
January
Bitcoin could ‘collapse completely’ – BIS chief
Bitcoin could “collapse completely,” according to BIS chief executive Agustin Carstens, who has also poured cold water on stablecoin projects such as Facebook-led Diem and argued that if digital currencies are necessary, they should be issued by central banks.
February
Ripple officially responds to SEC lawsuit
Ripple accused the Securities and Exchange Commission of misrepresenting the facts about the status of its XRP cryptocurrency in its first formal response to a lawsuit filed in December.
March
Chime investigates $ 30 billion ad
U.S. digital banking firm Chime has spoken to investment banks about an initial public offering that would value it at $ 30 billion, according to Reuters.
April
Revolut packs a punch with a new phosphorescent debit card
Revolut has launched a glow-in-the-dark debit card in partnership with two-time heavyweight boxing world champion Anthony Joshua as part of a program to raise funds for independent boxing gyms across the UK.
Can
Controversial FinTech Lanistar Gets FCA Approval
Lanistar, the high-profile fintech that got into hot water with the UK’s Financial Conduct Authority last year, said it has now obtained regulatory approval to operate as an agent of the Electronic Money Directive (EMD) of the payment company Modulr.
June
Big banks support Swift’s new platform and ISO 20022 roadmap
The Swift messaging network has secured support from six major global banks for the upcoming rollout of its new transaction management platform, which is expected to go live in November 2022.
July
Chase clients become instant billionaires
A number of lucky Chase Bank clients became billionaires overnight after a technical glitch dumped huge sums of money into their accounts.
August
GlobaliD and Uphold Launch XRP Rewards Debit Card
Digital identity company GlobaliD has partnered with digital currency company Uphold on a Mastercard debit card that offers users cash back in the form of XRP.
September
IOTA operated by the EU to activate the region’s blockchain infrastructure
The non-profit organization IOTA and its distributed ledger technology has been named as one of the seven providers selected by the Commission to develop the European Blockchain Services Infrastructure (ESBI).
October
Accenture acquires BCS Consulting
Accenture acquired the financial change management consultancy firm BCS Consulting, extending its expertise and consulting experience in areas such as payments, open banking, operational resilience, financial crime and optimization of costs.
November
Amazon to ban Visa credit cards in UK
Amazon UK will stop accepting Visa credit cards, blaming the ban on “high cost of payments.”
December
Lloyds on-site technology deemed “unsuitable for use” in leaked video
A senior Lloyds banker warned that its existing on-premises technology was “not fit for purpose” in a recorded internal meeting acquired by the Mail on Sunday. This technology holds the vast majority of the bank’s data and services.
Most commented
Amazon to ban Visa credit cards in UK
Lloyds gives users contactless limit control amid fraud fears
Mastercard increases interchange fees for UK online purchases from EU
UBS: fingerprint cards will generate $ 5 billion in banking income by 2026
Tony Craddock: “Letter to the CEO of FCA may destabilize the electronic money industry”
Blogs
Crypto forecasts for the first half of 2021
There is no reason to sell. What will become of Bitcoin and Ethereum?
Blockchain Comparison: What’s the Real Difference? Cardano, Elrond, Polkadot and Ethereum 2.0
Everything you need to know about crypto trading robots
Understanding Tokenomics: The True Value of Crypto
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