Visa unveils platform for tokenized asset management 😲⛓️; PayPal pioneers business payments with its proprietary stablecoin 😳🪙; Starling Bank’s £29 million fine 🤯🏦
FinTech is Eating the World, 4 October
Hey Everyone,
Good morning & happy Saturday! Due to travels and a busy schedule, we’re ending another fascinating five days in FinTech on the weekend but it’s totally worth the wait 😤 Today’s issue is the best one yet as we’re going to look into Visa which just unveiled a platform for tokenized asset management (what’s the USP here, why it’s brilliant & what it means for the future + lots of bonus deep dives inside), PayPal which just pioneered business payments with its proprietary stablecoin (why it matters & what’s next + bonus dives into PayPal & SWIFT), and Starling Bank’s massive £29 million fine (what it’s all about, what it means for the future of FinTech & challenger banks + bonus deep dive into Starling’s latest financials). Let’s just jump straight into the hot stuff 🌶️
Visa unveils platform for tokenized asset management 😲⛓️
The news 🗞️ Global payments giant Visa V 0.00%↑ has announced yet another leap into the world of blockchain and digital assets with its new Visa Tokenized Asset Platform (VTAP).
This platform, currently in a sandbox phase, is designed to enable financial institutions to issue and manage digital assets, including stablecoins and central bank digital currencies (CBDCs), on blockchain networks.
Let’s take a look at this, see why it matters, and what’s next.