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A community bank-fueled payments rail

Independent Banker

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. A different kind of peer-to-peer payment service is now available, “built by community banks for community banks.”.

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Bitcoin Daily: Salvation Army Now Takes Crypto Donations; Coinbase CEO Warns New Investors Of Crypto's Risks

PYMNTS

The Salvation Army Western Territory is now accepting cryptocurrency donations, according to a press release. will be able to send bitcoin and ethereum donations to The Salvation Army using the Engiven ’s cryptocurrency donation platform, the release stated. Donors throughout the U.S.

Bitcoin 148
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Bitcoin Daily: Ethereum Protocol Aave Raises $25M; BOE Head Takes Stance Against Bitcoin

PYMNTS

The round was led by Blockchain Capital, Standard Crypto, Blockchain.com Ventures and more. Aave recently announced its governance model to help the community access more participation, with old Aave token LEND now able to be swapped for the new Aave token at a ratio of 100 LEND to 1 Aave.

Bitcoin 261
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Crypto Fails To Impress For Corporate Tax Payments

PYMNTS

When the state of Ohio partnered with cryptocurrency company BitPay last year, it meant the state would become the first in the U.S. “We really want to roll out the red carpet, and welcome all sorts of blockchain companies to Ohio — not just in the cryptocurrency space, but in a variety of different use cases,” he said.

Taxes 145
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SMB Challenger Banks A Hot Spot With VCs

PYMNTS

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations.

Capital 122
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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

Fintech 194
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Dfinity Lands $102M In Funding With Participation By Andreessen Horowitz

PYMNTS

CNBC , citing Dominic Williams, the founder and chief scientist at Dfinity , reported the funding came from Andreessen Horowitz and crypto hedge fund Polychain Capital, among other investors. The venture capital community has been paying close attention to Dfinity, with some thinking it could eventually take on Amazon Web Services.