Stripe Partnering With Goldman, Citigroup, Others to Offer Checking Accounts,...

But only for vendors, so retail users will have to wait. Online payments giant and Cash App owner Stripe is stepping into a new realm of financial services for vendors.Per a Wall Street Journal exclusive on Thursday, Stripe is looking to offer customers bank accounts and debit cards. However, these financial products will be limited to vendors and merchants for now.The new initiative will also involve collaboration with banking giants Goldman Sachs and Citi, which is part of a broader push from both to incorporate online business services and new technologies. In 2015, Stripe was an early....

Chile’s Free Competition Defense Court (TDLC) ruled in favor of the Latin American cryptocurrency exchange Bud after their checking accounts were closed by two major banks in the midst of a lawsuit related to a Ponzi scheme unrelated to the exchange. Chilean Court Rejected Petitions From Two Banks to Keep Checking Accounts Closed From Crypto Exchange Buda According to Diario Financiero, the TDLC decided that Banco Itaú and BancoEstado should keep open Buda’s bank accounts, which were shut down in 2018 during an investigation of a bogus company named Terra Finance that....

Citigroup is reportedly awaiting regulatory approval to start offering bitcoin futures trading to its clients. “We are presently considering products such as futures for some of our institutional clients, as these operate under strong regulatory frameworks,” said Citigroup. Citigroup Awaits Regulatory Approval to Trade Bitcoin Futures Citigroup Inc. is reportedly considering whether to offer its biggest clients trading in bitcoin futures, Bloomberg reported Tuesday. “Our clients are increasingly interested in this space, and we are monitoring these....

Stripe, a provider of a payment interface that allows companies to accept bitcoin, will be valued at $9.2 billion when a new funding round adding $150 million completes, according to MarketWatch. Other fintech firms and some Silicon Valley tech startups have struggled to maintain their valuations. The share price for Square Inc., for instance, has stagnated since that company went public in 2015. General Catalyst Partners and Capital G., an investing arm of Alphabet Inc., co-led the funding round, which also included Sequoia Capital. Michael Moritz, a Sequoia Capital partner, said it was a....

Stripe, a San Francisco, Calif.-based mobile payments startup that allows merchants to accept bitcoin, has announced that its Stripe Atlas service will be available to businesses in Cuba in conjunction with President Obama’s trip to Havana this week. Stripe users, including Atlas, can accept bitcoin along with credit cards, Android Pay, Alipay and 135 currencies. Stripe Atlas will allow Cubans to establish online businesses. Stripe Atlas will give Cuban entrepreneurs access to an incorporated U.S. business entity, a U.S. bank account for the newly-created entity, and a Stripe account to....