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Weekly News Roundup: 24/03

Welcome to our weekly news roundup, of headlines which caught our eye. We’ll bring you a weekly dose of some of the most interesting titles which have surfaced, with a particular focus on the topics of wearable tech, crypto regulations, palm reading payments and beyond.
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This week’s roundup will feature titles on digital currency, investment in stocks and cash protection. Join us and Unlimit BaaS’ Managing Director, Jovi Overo in the exploration of some of the biggest headlines of our industry.

  • Financial super app, Curve, has partnered with DIGISEQ to offer customers wearable technology. Curve’s four million customers across Europe will be able to make contactless payments through fashion items such as rings, bracelets, and clothing. [source: Fintech Finance News]

The competitive drive for brands to become the ultimate customer-driven brand is continually being shown through partnerships and innovations. The collaboration between Curve and DIGISEQ will bring greater access for customers who can wear their payment method like a fashion choice, and effortlessly make payments. – Jovi

  • Crypto and derivatives exchange OKX is set to pull out of Canada following the latest introduction of crypto regulations in the country. The organisation has also announced that they will no longer be providing services or allowing Canadian customers to open new accounts from 24 March [source: Fintech Futures]

The Canadian Securities Administrators (CSA) regulations state that crypto trading platforms must enhance protections for custody and segregation of crypto assets for Canadian clients. This will also entail the prohibition of offering margin or credit as forms of leverage. The large step in action from OKX is pre-empt and though they have said it is temporary, it appears as though it is a step in frustration towards the impact of the new rules which will make it more difficult for retail investors to trade cryptos using leveraged bets. – Jovi

  • Panera Bread is piloting a palm reading technology from Amazon One technology to facilitate customers being able to pay and access the fast-food giant’s loyalty programme. [source: Finextra]

In a world of improving customer experience and convenience, the launch of faster payment methods through creative avenues is inevitable yet exciting. Panera Bread’s ventures to bring their guests a quick and quirky way to pay, and also entice consumers to sign up to their loyalty programme is genius. This will not only provide greater data and engagement for the brand, but also offer customers a personalised instore experience. – Jovi

See you next week, back in the blog for your next weekly news roundup.

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