In today’s FinTech news, Vueling will be the first low-cost airline in Europe to accept cryptocurrencies as a payment method. Plus, Samsung’s new digital wallet merges Pay and Pass and can store cryptocurrencies and check the values.
Vueling Airline Collabs with BitPay for Crypto Payments
BitPay and UATP are collaborating to enable crypto payments for plane tickets on European airline Vueling. Crypto payments will be available at the start of next year and will be for individuals only. Payments can be made using over 100 wallets and 13 cryptocurrencies, including bitcoin, dogecoin and ethereum.
Robinhood’s Cash Pile Eroding as Shares Slide to New Lows
No-fee online stock trading startup Robinhood is experiencing eroding cash on its balance sheet and a weakening market value as share prices reach historic lows. Monthly active users are down 39% from last year and the company is trading at about 85% of its book value.
Samsung Launches New Digital Wallet, Merges Pay, Pass
The Samsung Wallet app is integrating Samsung Pay and Samsung Pass so Galaxy smartphone users can store boarding passes, credit and debit cards, cryptocurrencies, digital keys, passwords, and more. Samsung Pass stores passwords and biometric information and lets users check the value of their cryptocurrencies.
Tammeyah for Microfinance Services Buys French B2B Marketplace
Tammeyah for Microfinance Services is acquiring the B2B marketplace Fatura Netherlands N.V. Tammeyah provides working capital for smaller enterprises, while Fatura connects manufacturers, distributors, and wholesalers with retailers. As a combined entity, it plans to change the B2B landscape in Egypt, including financing and payments.
Mazepay Streamlining B2B Purchases with Pan-European Payments License
Financial software platform Mazepay was granted a pan-European payments license from the Danish Financial Supervisory Authority. The license allows Mazepay to handle transactions on behalf of companies and directly pay suppliers’ invoices.
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