May 2025 – Page 29 – FintechDaily

Coinbase Launches Internet Payment Protocol for AI Agents

Coinbase is reviving a long-dormant protocol for online payments, aiming to establish a fully automated payments layer that operates without human intervention. The HTTP 402...

EU Parliament Supports Stricter Regulations for AI Act

The European Parliament has achieved consensus on comprehensive legislation aimed at governing artificial intelligence (AI) usage within the EU, prioritizing transparency and security. On Thursday,...

Former Celsius CEO Mashinsky Sentenced to 12 Years for Cryptocurrency Fraud

Alexander Mashinsky, the former CEO of crypto firm Celsius Network, has been sentenced to 12 years in prison for commodities fraud and securities fraud. Mashinsky...

Corpay and TPG Join Forces to Acquire AvidXchange

Business payments automation firm AvidXchange is going private through a $2.2 billion deal, with asset firm TPG acquiring a majority stake while Corpay takes a...

BofA Employees Adopt AI Virtual Assistant

Bank of America reports that over 90% of its 213,000 employees currently utilize its AI-powered internal virtual assistant, significantly reducing calls to the IT services...

Testing Offline and Programmable Payments for the ECB’s Digital Euro Project: Fluency Insights

The European Central Bank (ECB) has chosen the UK-based deep tech company Fluency to lead initiatives in programmable and offline payments for the digital euro...

Carbonplace and Visa Collaborate on Carbon Credit Transfer Pilot

Carbonplace, a blockchain-based carbon credit settlement platform supported by several banks, has successfully executed a pilot transaction in collaboration with Visa. In this pilot, Visa...

HSBC Introduces Tariff Financing Solution for US Clients Amid Trump Trade Policies

HSBC has introduced a financing tool to assist US clients with paying import duties amid recent tariff changes. The bank highlights that businesses are currently...

Nordic Countries Create Offline Payment Solutions in Response to Geopolitical Turmoil

Finland, Sweden, Norway, Denmark, and Estonia are developing offline card payment systems to maintain service continuity in case online infrastructures are disrupted, as reported by...

Bhutan Introduces World’s First National Crypto Tourism Payment System

Bhutan has partnered with Binance and DK Bank to introduce a pioneering national crypto payments system for tourists. Travelers to the South Asian country can...