neobanks News

Tokenized deposits have raised concerns that faster movement of bank money could reduce U.S. banks’ capacity to fund long term loans by hundreds of billions of dollars if the technology reaches widespread adoption. According to an Aug. 25 research paper…

Fasset, a stablecoin neobank serving 125 countries, has raised $51 million backed by Japan’s SBI Group and Investcorp. Fasset, a Los Angeles-based digital banking platform, uses stablecoin rails to move money across borders for small and medium-sized businesses, bypassing correspondent…

Venezuela-focused stablecoin neobank Kontigo has announced plans to compensate customers after over $340,000 in USDC was drained from customer wallets in a security breach. According to a Jan. 5 update, Kontigo confirmed that they “detected unauthorized access that affected the…

In a 2010 Bitcointalk forum post, Hal Finney, a cypherpunk involved in Bitcoin from day one, described the way he sees the emergence of Bitcoin banks in the future. He believed that peer-to-peer Bitcoin transactions would be rare. Instead, people…