UK Blockchain Company is Now a Money Transmitter


FCA paves way for blockchain-based money.  The U.K.’s Financial Conduct Authority (FCA) granted a Small Electronic Money Institution (EMI) registration to blockchain firm Tramonex, making it the first DLT company to gain the EMI designation. Tramonex can now operate as money transmitter and payment facilitator, as well as “issue, distribute and redeem e-money.” Edited with BlogPad…

IBM Watson Begins Long-term Relationship with Visa


IBM partners with Visa on IoT payments solutions.  The deal will provide customers of IBM’s Watson IoT (Internet of Things) platform with access to Visa’s payments services, “potentially turning billions of cars, fridges, sneakers and other connected devices into points of sale.” Edited with BlogPad Pro

Online Lending Policy Institute Created to Conduct Research


American Banker reported that Cross River Bank and RocketLoans are members of a newly created fintech group called The Online Lending Policy Institute that “will help coordinate new research driven by the industry itself — something fintech companies say has been lacking.” The group is based out of Boston University and “plans to publish research…

PayPal Buying TIO Networks


PayPal is buying TIO Networks for $233 million to reach underserved customers, the Wall Street Journal reported. “TIO caters to consumers outside the banking system who make regular payments with cash to telecommunications companies such as AT&T Inc., utilities such as Duke Energy Corp. and other service providers. The Vancouver-based company serves 14 million consumer…