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Revolut plans US bank with FDIC insured accounts, stablecoins, and crypto trading
➤ Revolut plans to launch a US bank next year, offering FDIC-insured accounts, stablecoin access, and crypto trading. ➤ The bank will focus on clients with international financial needs, supporting over 30 currencies. ➤ This expansion signifies Revolut's growing ambitions in the US market, building on its global user base and financial success.
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Revolut Plans 2027 US Bank Launch With Stablecoin Services Built In From Day One
➤ Revolut plans to launch a US bank in 2027, offering FDIC-insured accounts and integrated stablecoin services from day one. ➤ The neobank has filed for a national bank charter and committed $500 million in US investment, aiming to be a major fintech player in US banking. ➤ The stablecoin services will likely start with third-party distribution, potentially leveraging Revolut's large customer base for cross-border transactions.
Elevate Secures $5 Million to Launch FDIC-Insured USD Accounts for Filipino Freelancers
Manila, Philippines, — Elevate, a Y-combinator-backed fintech startup headquartered in London and Dubai, has successfully raised $5 million in financing to expand its operations in the Philippines. Since 2021, they’ve raised a total of $10 million in equity and debt from investors, including Y Combinator, Goodwater, Global Founders Capital and VSQ. Elevate’s product launch in the Philippines aims…
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Google Wallet funds are now FDIC-insured
Google Wallet funds are now FDIC-insured
Google (GOOGL) is making a big change to its mobile payment service, Google Wallet, Yahoo Finance has learned. Funds that are left in Google Wallet will now be FDIC-insured, which means Google users’ money is now a whole lot safer — and they probably never even knew it.
Here’s why this matters: when you stash your cash in mobile payment apps like Venmo, PayPal and Google Wallet, that money is not…
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