Given the growth of digital markets, Bancamiga promotes payment methods that enrich the experience of customers when making purchases. One of these methods is the use of tokenized cards on cell phones or watches.

In the tokenization process, sensitive data on payment cards is replaced by a unique code (token), which increases security for customers, as well as the speed of the transaction.

This is one of the innovations that Bancamiga is presenting until this Saturday at the second edition of the Venezuelan International Telecommunications Fair (Fitelven), which is taking place at the Poliedro in Caracas.

In this edition, which promises to be a key meeting point for the main telecommunications players in the country, Bancamiga will show Venezuelans the reasons that have led the bank to be one of the leaders in financial innovation in Venezuela, said José Simón Elarba, president of the Board of Directors of Bancamiga.

“Fitelven is a technological event that brings together the most innovative organizations in all of Venezuela. It is an ideal platform to show our innovations and our commitment to financial inclusion,” he added.

This year at the Venezuelan International Telecommunications Fair, Bancamiga Móvil is present, an agency on wheels that facilitates the opening of accounts in bolivars and foreign currencies, in addition to offering the Bancamiga debit card instantly.

Bancamiga Mobile will not only open accounts, but will also offer its points of sale, including the MPOS 2200, a cutting-edge device that redefines the payment experience for businesses and customers in the country.

Its size of just 8.8 cm, smaller than a card, and its connectivity to the phone make the Bancamiga MPOS 2200 Point of Sale the perfect ally for entrepreneurs, small business owners and businesses on the move.

The advantage of the payment button will also be revealed at Fitelven, a technological solution that can be integrated into your website, mobile application or even sent via WhatsApp. It offers the possibility for customers to complete a transaction with their debit or credit card through Bancamiga.

Bancamiga’s interactive stand at Fitelven

Another solution that Bancamiga will offer is its Business Debit Card, which allows entrepreneurs and small business owners to access a global program of discounts and promotions in digital stores.

By accessing the Mastercard platform (https://www.easysavingsspecials.com/es/) clients will find a wide range of possibilities to plan projects, use organizational tools and train their collaborators, with discounts and promotions from affiliated brands such as Adobe, Docusign, Googleworkspaces, Sixt, IStock, Amazon Web Services, Global Airport Concierge, Welcome Pickups, Trello, Notion, MailChimp, Whatsapp Marketing, 1password, British Council and EdX.

“We want every Venezuelan to have the opportunity to access quality financial services, and our presence at Fitelven is one more step towards that goal,” added Elarba.

Bancamiga will have an interactive stand at Fitelven where attendees will be able to participate in brand activations and experience contactless payments with tokenized cards in the Bancamiga Suite application and Garmin Pay.

“Technology is essential in the future of finance. We want our clients to have a unique experience that combines the best of the digital world with our financial solutions,” said Elarba.

Visitors to Fitelven will be able to learn more about Bancamiga products and enjoy activities that highlight the importance of digitalization. In this way, Bancamiga reaffirms the premise that banking can be accessible and exciting for everyone.

With information and image provided by Bancamiga Banco Universal

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La entrada Bancamiga displays its recent financial innovations at Fitelven apareció primero en Bitfinance.

In an innovative move, Coinbase Wallet introduced a revolutionary feature that allows the transfer of cryptocurrencies using shareable links on various social media platforms and messaging apps. This strategic change seeks to democratize access to cryptocurrency exchange services, bringing them closer to a broader audience.

The company announced the launch of this feature on December 5 through its official blog, highlighting that users can now send funds on any platform that allows link sharing, including iMessage, Telegram, WhatsApp, Facebook, Instagram and TikTok.

Transferring USD Coin (USDC), a stablecoin pegged to the US dollar, carries no payment fees. By clicking on the shared link, the recipient will be redirected to their device’s app store to download Coinbase Wallet, in case they don’t already have it installed. From there, they will be able to create a wallet with a single click, Coinbase explained.

If funds are not claimed within two weeks, they will be automatically returned to the sender, providing an additional level of security and control.

Additionally, Coinbase has implemented a “simple mode” in its wallet, designed especially for users new to or less familiar with blockchain technology. This simplified mode features only the essential functions such as buying, sending, receiving, and viewing digital assets.

The firm says this new feature aims to address the complexities associated with international bank transfers, which often involve high fees, bureaucratic procedures and long lead times of up to five business days.

Despite notable innovation, Coinbase (COIN) stock has seen 300% growth so far in 2023, reaching $140. However, they are still 59% below their all-time high of $343 recorded on November 12, 2021, according to data from Google Finance.

K. Tovar

Source: Coinbase

(Referential image source: PiggyBank, Unsplash)

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La entrada Coinbase incorporates transfers via WhatsApp apareció primero en Bitfinance.

The Bank of England expressed its belief that the digital pound can coexist with private stablecoins. The Bank reportedly indicated that the digital pound could be supplemented with private stablecoins in a digital payment system.

In an interview, Bank of England Governor Andrew Bailey said the currency could help improve efficiency and security in the financial system. He added that the Bank is working on creating a more accessible digital payment system for everyone.

The Bank of England has been investigating the creation of a digital pound since 2019, with the aim of maintaining its role as a leader in financial innovation. The institution also spoke about the importance of having an adequate regulatory approach to guarantee the safety and protection of consumers.

Private stablecoins, on the other hand, are cryptocurrencies that are backed by real assets, such as gold or fiat currency. These digital currencies have gained popularity in recent years due to their stability and the possibility of faster and more secure transactions.

K. Tovar

Source: Cointelegraph

(Reference image source: file)

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La entrada Bank of England believes digital pound can coexist with private stablecoins apareció primero en Bitfinance.

Promoting tourism, fishing, commercial and oil activity in the state of Falcón will be one of the axes of the new agency that Bancamiga inaugurated this Wednesday, June 15, in the city of Coro, reports a statement from the institution.

“In the spacious and modern facilities, located on Rómulo Gallegos Avenue, Shopping Center, the Bancamiga staff will offer customers the innovative products and services that have allowed the bank to position itself among the top five in the Venezuelan financial system.”

The Executive President of Bancamiga, Ariel José Martínez, said that with the new agency, the first in the state of Falcón, the institution is closer to its clients, who will have the facility to open their accounts in bolívares or in foreign currency more quickly and know the advantages of services such as Apóyame, which allows you to receive from abroad up to 500 dollars every 48 hours, without complications and immediately, and the Exchange Desk, through which customers can buy and sell dollars and euros in minutes, without intermediaries and safely.

They will also soon have the Mastercard Debit Card, which, by having NFC (Near Field Communication) technology, allows users to pay electronically without any type of contact, that is, by simply bringing the card close to the Bancamiga points of sale and any other with the NFC facility.

This financial instrument provides the possibility of making purchases online through platforms such as Amazon and Walmart and canceling Netflix, HBO Max and Disney Plus subscriptions, making withdrawals through international ATMs and making payments through national and international points of sale.

“We have been a disruptive bank that, with its innovative products and services, will help promote tourism in this city, a UNESCO World Heritage Site in 1993. We also hope to promote the commerce sector through the Bancamiga Points of Sale, the most complete and versatile on the market, which allow merchants to receive their daily settlement 365 days a year and obtain a commission for each Movilnet, Digitel, Movistar, Inter and SimpleTV recharge, pay the Cantv bill, seal the 5Y6 and play El Andinito de la Lotería del Táchira”, he pointed out.

Greater banking service for Venezuelans

The state of Falcón, with its fishing industry and where the important Paraguaná oil refining complex is located, is fundamental in the plans of the institution, which with this new agency reaches 32 in the country and is the fourth this year, after of the recent openings of El Tigre, Barquisimeto Este and Puerto Cabello.

“With Coro we will give decisive support to the bankarization of Venezuelans, and we will help drive the growth of the state, by creating new jobs and many growth opportunities for the commercial and business sector in general.”

The Bancamiga agency in Coro joins La Castellana, Altamira, Chacao, Propatria, Sabana Grande, Cementerio, Palo Verde, Parque Humboldt, La Rinconada and Ibarras, in Caracas; Los Teques, Charallave Sur, Santa Teresa del Tuy and Guatire, in the state of Miranda; Maiquetía, in La Guaira; Plaza Gallery, in Maracay (Aragua); Boulevard Plaza, Guaparo and Puerto Cabello, in Carabobo; Puerto Ordaz and Upata, in Bolívar; Puerto La Cruz and El Tigre, in Anzoátegui; Maturin in Monagas; Barinas, in the state of Barinas; Barquisimeto and Barquisimeto East, in Lara; Porlamar, in Nueva Esparta; Acarigua and Guanare, in Portuguesa and Maracaibo, in Zulia.

This year Bancamiga also opened its Lido Center Associated Ticket Office integrated into the Café Work Center, an innovative concept that plans to multiply in different places in Caracas and the interior of the country, concludes the informative document.

With information from Bancamiga

La entrada Bancamiga will contribute to the economic development of Falcón apareció primero en Bitfinance.

The CEOs of the main cryptocurrency trading platforms have been called to testify on December 8 before the Financial Services Committee of the United States House of Representatives.

The Committee specified that the appearance of the main executives of these platforms will serve to better understand “the challenges and benefits of financial innovation in the United States.” This was announced by Maxine Waters, the chairman of the House Financial Services Committee, this Wednesday.

According to the information provided, Jeremy Allaire, Circle CEO; Sam Bankman-Fried, CEO of FTX; Brian Brooks, CEO of Bitfury; Chad Cascarilla, CEO of Paxos; Denelle Dixon, CEO of Stellar Development Foundation and Alesia Haas, CEO of Coinbase and CFO of Coinbase Global.

The audience, called “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States,” will bring together the most experienced executives and managers of platforms that are setting the standard in cryptocurrency trading in the country and other regions.

BREAKING ‼️

Chairwoman @RepMaxineWaters Announces #Cryptocurrency CEOs to Testify at Full Committee Hearing | https://t.co/6IBi6jGNAC pic.twitter.com/r4kJqjmhqu

— U.S. House Committee on Financial Services (@FSCDems) December 1, 2021

With information from dpa

La entrada Crypto platforms top executives to testify before the US Congress apareció primero en Bitfinance.