foreign exchange

Jan
15

HSBC used blockchain to settle $250B worth of trades

HSBC has settled $250 billion worth of forex trades using blockchain in the last year, it said on Monday, suggesting the heavily hyped technology is gaining traction in a sector until now hesitant to embrace it. The bank has settled over three million forex trades and made over 150,000 payments since February using blockchain, it […]

By Reposted by Australian FinTech | Banking . Bitcoin . Blockchain . Currency . FinTech . Payments
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Jan
10

XRP reaches Australia as FlashFX adopts Ripple’s cryptocurrency

In a move that has given a boost to the cryptocurrency market, FlashFX, a payment transfer platform, has announced the launch of its latest cross border payment solution using XRP that is targeted to improve the concept of foreign exchange in Australia. Nicolas Steiger, the Chief Executive Officer of FlashFX stated that: “We are excited […]

By Reposted by Australian FinTech | Currency . FinTech . Payments
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Nov
28

Fintech currency wars heat up as Pelikin prepares to launch

A travel cash mishap in Croatia was Sam Brown’s inspiration to launch startup Pelikin into the competitive space of travel money and foreign exchange. “I was in Croatia, I went to get money out, put my travel card into the ATM and then cancelled my transaction because I changed my mind. My travel provider thought […]

By Reposted by Australian FinTech | Currency . FinTech . Investing . Payments
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Nov
13

MT4 tech specialist Gold-i opens an office in Australia

MetaTrader technologies and integration specialist Gold-i has announced that it has opened an office in Australia, headed up by FinTech sales and technology specialist, Daniel Picone. The new Sydney-based office is a significant development for Gold-i as it focuses on increased business opportunities amongst brokers in Australia and New Zealand as well as expanding its […]

By Reposted by Australian FinTech | Currency . FinTech
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Nov
13

OFX Group considers large cash deal of its own

Two years after former GE Capital Australia and NZ boss Steven Sargent took the top seat around OFX Group’s boardroom table, the money transfers company’s executives have an interesting proposition for him and the board. Street Talk understands OFX Group has set its sights on an offshore acquisition, which would help the company meet one […]

By Reposted by Australian FinTech | Currency . FinTech
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Nov
12

Pelikin: Is this Aussie fintech about to shake up millennial travel?

It’s no secret that young Australians love to travel. Ask any millennial and they’ll likely be hard pressed to name a friend that hasn’t recently travelled overseas or isn’t planning to do so in the near future. In fact, according to research from Roy Morgan released in May, millennials are the most likely cohort in […]

By Reposted by Australian FinTech | Currency . FinTech . Payments
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Oct
19

Cross-border payments set for ‘unprecedented change’

The cross-border payments industry is seeing levels of “unprecedented change” globally, including in regulation, where Australia is struggling to keep apace despite the competition watchdog’s probe into the $9 billion foreign currency transaction market. That’s the view of OFX chief executive Skander Malcolm who identifies three themes dominating cross-border payment, including that a larger number […]

By Reposted by Australian FinTech | Currency . FinTech . Payments
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Oct
03

World’s largest crypto exchange Binance invests $3.5 million in Australian startup TravelbyBit

Cryptocurrency exchange giant Binance today announced it is investing over USD$2.5 million (AUD$3.5 million) in TravelbyBit, the Australian startup responsible for facilitating the world’s first digital currency-friendly airport in Brisbane. The cryptocurrency powerhouse will work with TravelbyBit to introduce a global point-of-sale (POS) payment system, incorporating blockchain technology into major airports around the world. Changpeng Zhao, CEO of […]

By Australian FinTech | Bitcoin . Blockchain . Currency . FinTech . Investing
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