Join us and Unlimit BaaS’ Managing Director, Jovi Overo in the exploration of some of the biggest headlines of our industry.
- Klarna expands tools for growth for UK, US, and Swedish businesses [source: PYMNTS]
BNPL giant, Klarna’s expansion of growth tools for businesses through their Ad Manager and Creator Shops will allow businesses to offer customers a personalised and more fitting shopping experience. The advancements in customer services will allow brands to better engage with customers and track their campaigns online to drive better business optimisation. We’ve seen significant growth in customer expectations, and technological advancements that use data to optimise customer journeys will help brands stay ahead of the competition. – Jovi
- EU proposes rules for stablecoin issuers [source: The Paypers]
The European Banking Authority (EBA) has set a proposal of requirements for stablecoin issuers to ensure that assets can be liquidated quickly, irrespective of market pressures. Considering the economic climate, this step is unsurprising because stablecoin providers will be responsible for providing full redemptions. Stablecoin is growing in popularity and the measures proposed should bring stability and integrity to the market, whilst protecting investors and offering financial stability. – Jovi
- International countries cooperate to combat crypto tax evasion [source: Finextra]
Nearly 50 countries have agreed to a deal that will combat crypto tax evasion in efforts to remedy the multi-millions lost in revenue. Crypto assets have been leveraged as a payment method for several years and developed at phenomenal speed which made them harder to moderate in their formative years, and when regulating the currency there are issues over how to classify the assets between property or currency. Whilst the agreement is set to start in 2027, the agreement will drive crypto platforms to share taxpayer information with tax authorities to offer transparency. Countries involved include the US, UK, Brazil, India, and Japan. – Jovi
See you next week, back in the blog for your next weekly news roundup.