The President of the European Commission, Ursula von der Leyen, has shared with the European Parliament the "main characteristics" of the recovery plan that she is designing to relaunch the European economy after the pandemic, which will be based on three main pillars and whose investments will be…
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loans
Google plans to launch credit card in the US
Online payments are becoming more consolidated in the financial market on a global scale= However, it is very important to have a physical credit or debit card to manage the finances of a large number of people around the world
According…
Fintech, insurtech and regtech revolutionize goods and services consumption
The so-called Fourth Industrial Revolution is here. One of its consequences is the emergence of technology companies called fintech that rely on various technologies to offer services and products that were previously offered almost…
People’s Bank of China supports banks credit capacity
The People's Bank of China (BPC), the central bank of the Asian giant, has expressed the need to persevere in the structural adjustment of the economy and improve the lending capacity of commercial banks to the real economy.
In a meeting…
Santander Group sold Puerto Rico subsidiary to FirstBank
Banco Santander has reached an agreement to sell its retail banking subsidiary in Puerto Rico to FirstBank for 1,100 million dollars, almost 1,000 million euros. The sale includes the 27 branches of the bank and some assets worth 6,200…
Tether to launch stablecoin backed by gold and oil
In a recent announcement from the Tether stablecoin platform it was learned that they are working on a USDT version that would be backed by "a basket of commodities such as oil, gold and even rubber."
The news was released by one of the…
ECB focuses on a decentralized financial system
The 25 members of the Governing Council of the European Central Bank will meet in Lithuania next Thursday and will face a difficult dilemma of how to reduce the risks of an economic slowdown and avoid destabilizing side effects in European…
Dharma starts operations with cryptocurrencies
Dharma is now available to the public, so any user can trade or borrow a digital currency just through a few clicks. The users only need an Internet connection.
In February the company behind the launch of this platform, Dharma Labs,…
Atomic Capital will launch loan portfolio in cryptocurrencies
The startup that is in charge of issuing tokens Atomic Capital, announced the launch of a portfolio of loans that will be backed by cryptocurrencies.
The intention of the company is to offer financing in US dollars, whose support will be…
Telefónica launches Movistar Money in Spain
The Movistar Money offer will be available from April 10 for those who hold a contract with Movistar. Last year, this service was available to a small group of clients of the company as a pilot project and now is presented to all users.…
Toyota and Mazda could reach commercial alliance by the end of 2018
In 2017 Toyota and Mazda began negotiations for an alliance that would allow the former to expand its business and the latter reduce the costs of capital increase. Both car manufacturers hope to complete these agreements by the end of 2018.…
Costa Rica will invest in green energy
The Inter-American Development Bank granted a loan of 500 million dollars to Costa Rica to invest in renewable energy, digitalization of processes as well as to boost electric transport.
Through a press release to the national media, the…