FINTECH
Visa to acquire Plaid for $5.3 billion

Visa said the deal has the potential to add as much as 100 basis points to the company’s net revenue growth by 2021.The Wall Street Journal first reported the Visa acquisition.

In KFC China, Smile to Pay

Now people dining at KFC in the eastern Chinese city of Hangzhou will pay for their meals by smiling.

US moves to T+2 settlement

To facilitate increase in efficiency and reduction in risks, US stock and bond trades will now settle in two, rather than three, days. Both Canadian stocks and bonds, and Mexican equities are also shifting to T+2. The move is in line with Europe, Australia and Hong Kong. 

Cryptocurrency Transactions on a Rise: Both Volumes and Values Soar

A new report from Juniper Research has forecast that the value of cryptocurrency transactions will break the $1 trillion milestone before the end of 2017. This would mean a growth 15 times larger than the previous year.

DLT has a long way to go, say BoJ and ECB

The central banks of Japan and European Union have concluded that Distributed ledger technology is not mature enough to replace settlement systems.

Singapore and Cryptocurrencies

Singapore is slowly emerging as a key hub for blockchain startups wanting to launch an Initial Coin Offering (ICO). The city-state of Singapore has always been a dream destination due to its tax-friendly regulations