Amsterdam, 11 am CET, 19 December 2023: Fiat Republic, the specialist Banking-as-a-Service (BaaS) platform that bridges the gap between web3 and traditional banks, today announces it has raised $7 million in a seed extension round. Participants in the
To facilitate the increasing mainstream adoption of digital currencies, more banks need to offer services to crypto platforms. Crypto-friendly banks help to fill the gap between traditional financial services and the emerging crypto space by providing fiat access and
What are Central Bank Digital Currencies? What is a CBDC? CBDC, short for Central Bank Digital Currency, is a digital version of a country’s fiat money issued on a blockchain under the direct control of the central bank. It
The history of money is a varied story of money’s evolution from simple barter systems that involved exchanging goods with a resource-scarce to that locality, for example, glass beads or seashells, to modern digital currencies today. Overall, the journey
Know your customer (KYC) and anti-money laundering (AML) are umbrella terms for a set of processes and regulations implemented by financial institutions to prevent and detect financial crimes or other illegal activities in different countries worldwide. KYC, an identity
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