Tether Invests $18.75M in XREX to Boost Financial Inclusion

Tether, the largest company in the digital asset industry, has announced a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. This collaboration aims to drive innovation in the digital asset industry, facilitate USDT-based cross-border payments in emerging markets, and innovate regulatory technology. With Tether’s funding, XREX will facilitate compliant, USDT-based cross-border B2B payments in emerging markets, revolutionizing financial transactions by offering businesses greater ease, efficiency, and potentially lower costs. Additionally, XREX will work with the Unitas...

TransNetwork announced the acquisition of Inswitch

TransNetwork, a B2B payments infrastructure platform for instant money movement in the Americas, announced the acquisition of Inswitch, a provider of embedded finance technology. This strategic acquisition combines TransNetwork’s payments network and instant money movement capabilities with Inswitch’s financial technology solutions offered via an API-based core platform. The transaction will accelerate the development of TransNetwork’s digital product suite for cross-border payments in Latin America. Together, TransNetwork and Inswitch will offer a range of financial technology products for enterprises and...

Mercuryo receives Quadruple Shortlisting For Payments Awards 2023

Global payment infrastructure platform Mercuryo has been shortlisted in Payments Awards 2023 – a prominent annual rating held amongst companies in the fintech sector. The company stands among the finalists in four award categories, which are B2B Payments Innovation of the Year, Best Alternative Payments Solution, Blockchain or Cryptocurrency Initiative of the Year, as well as Payments Innovation of the Year. The Payments Awards is an initiative with a long history spanning over a decade. Its purpose is to...

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