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Charlie Wells

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Articles

Revolut Joins Global Stablecoin Race With Euro-Backed Token

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By Charlie Wells
| Bloomberg Tax Verified
joined the rush among global banks and payment firms to roll out stablecoins, a bet that digital money will gain a greater role in everything from cross-border payments to business transactions. The stablecoin, called EURR, is pegged to the and will be available initially to eligible customers in Denmark, Poland and Portugal, Revolut said in a statement on Wednesday. It called EURR “the first step” in its broader stablecoin strategy, which will include tokens linked to other currencies.
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Revolut Joins Global Stablecoin Race With Euro-Backed Token

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By Charlie Wells
| Bloomberg News Verified
Bloomberg (Bloomberg) -- Revolut Ltd. joined the rush among global banks and payment firms to roll out stablecoins, a bet that digital money will gain a greater role in everything from cross-border payments to business transactions. The stablecoin, called EURR, is pegged to the euro and will be available initially to eligible customers in Denmark, Poland and Portugal, Revolut said in a statement on Wednesday.
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UK Fintech Funding Dips to Lowest Level in At Least a Decade (1)

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By Charlie Wells
| Bloomberg Tax Verified
Investment in UK financial technology firms fell to the lowest level since at least 2016 in the first half of this year, as funders flock to companies tied to artificial intelligence and can show long-term growth. Fintechs in the UK received £1.8 billion ($2.5 billion) of investment during the period, down nearly two-thirds from a year ago, according to a KPMG report citing PitchBook data.
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